NSAV to Spin-Off Hemp Beer Subsidiary to Shareholders
July 20 2017 - 9:20AM
Marketwired
NSAV to Spin-Off Hemp Beer Subsidiary to Shareholders
CRESCO, PA-(Marketwired - Jul 20, 2017) - NSAV Holding, Inc.
(OTC: NSAV), announced today that the Company will spin-off its
hemp beer division as a stand-alone public company. In conjunction
with the spin-off, NSAV shareholders will be awarded shares in the
proposed public entity based upon their holdings in NSAV. The
Company has already formed Hemp Beer Inc., a Colorado corporation,
and has begun construction of its hemp beer website,
http://www.hempbeer.net.
NSAV plans to develop and market a premium line of hemp beer in
both the U.S. and China. Two of the world's largest beer consumers.
Analysts forecast the global hemp-based foods market to grow at a
CAGR of 20.3% during the period 2016-2020.
James Tilton, president of NSAV, stated, "I have always felt
that spin-offs are a great way to enhance shareholder value and it
will continue to be a major part of our business model."
Mr. Tilton went on to state, "We chose hemp beer to be the
Company's first spin-off due to the rapidly growing nature of the
industry. NSAV will announce additional details on the spin-off and
the hemp beer development shortly."
NSAV's vision is the establishment of a fully integrated
technology company that provides turnkey technological solutions to
the legal medical cannabis and hemp industries, as well as other
areas of the medical industry. Over time, the Company plans to
provide a wide range of services such as software solutions,
e-commerce, advisory services, financial services, patents and
trademarks and information technology.
For further information please contact NSAV at 1 (570- 595-2432)
or info@nsavholdinginc.com
The NSAV corporate website can be accessed at
http://nsavholdinginc.com
The NSAV Twitter account can be accessed at
https://twitter.com/NSAV_MJTechCo
The NSAV Facebook account can be accessed at
https://www.facebook.com/NSAVHolding/
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934,
which are intended to be covered by the safe harbors created
thereby. Investors are cautioned that, all forward-looking
statements involve risks and uncertainties, including without
limitation, the ability of NSAV Holding, Inc. to accomplish its
stated plan of business. NSAV Holding, Inc. believes that the
assumptions underlying the forward-looking statements contained
herein are reasonable, any of the assumptions could be inaccurate,
and therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be
accurate. In light of the significant uncertainties inherent in the
forward- looking statements included herein, the inclusion of such
information should not be regarded as a representation by NSAV
Holding, Inc. or any other person.
Contact Information
NSAV 1 (570- 595-2432) info@nsavholdinginc.com
Net Savings Link (PK) (USOTC:NSAV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Net Savings Link (PK) (USOTC:NSAV)
Historical Stock Chart
From Sep 2023 to Sep 2024