NSAV ANNOUNCES COMMENCEMENT OF SHARE BUYBACK PROGRAM
September 07 2018 - 9:20AM
InvestorsHub NewsWire
NSAV ANNOUNCES COMMENCEMENT OF
SHARE BUYBACK PROGRAM
Mountainhome, PA -- September 7, 2018
-- InvestorsHub NewsWire -- Net Savings Link, Inc. (OTC:
NSAV), a medical cannabis technology company, announced today
that the Company has commenced a share buyback program. The goal of
the share buyback program is to reduce the total outstanding shares
of common stock by up to 80%. Under the buyback program, NSAV is
authorized to repurchase shares through open market purchases,
privately-negotiated transactions, block purchases, fixed price
tender offers, or otherwise, in accordance with applicable federal
securities laws. The Company intends to pay for share repurchases
using a variety of methods, including cash, preferred shares,
shares in publicly traded subsidiaries, debt and with other
resources at its disposal. NSAV management categorically states
that no convertible or toxic debt will ever be used to fund its
share buyback program. The Company also wants to assure
shareholders that no reverse split of its common stock will ever
take place or be used to reduce its outstanding shares of common
stock.
As previously announced, in 2017 NSAV
enacted a massive 4.0 billion or 40% reduction of its authorized
shares. The Company has approved an additional 500 million share
reduction of its authorized shares, which are awaiting cancellation
by the Company’s transfer agent.
James Tilton, president of NSAV
stated, “I am extremely pleased to announce the commencement of our
long-awaited and eagerly anticipated share buyback program. As
we’ve shown last year, the Company is fully committed to share
reduction and the enhancement of shareholder value.”
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 (917) 770-8588
The NSAV corporate email address is
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 Net Savings Link, Inc.
to accomplish its stated plan of business. Net Savings Link, 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 Net Savings Link, Inc. or any other
person.
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