Net Savings Link Secures Immediate $75,000 Bridge Financing Combined With $20,000,000 Equity Purchase Agreement
March 27 2012 - 11:57AM
Marketwired
Net Savings Link, Inc. (OTCBB: NSAV), a
company in the business of providing businesses, organizations and
networks with a menu of incentives to increase sales, including
electronically deliverable incentives, and company branded
incentive certificates that can be delivered from company private
labeled websites, announced today the completion of a $75,000
Bridge Financing and $20,000,000 Equity Purchase Agreement.
"We are extremely pleased to have completed a major funding
arrangement with Southridge Partners II, LP," announced David
Saltrelli, CEO, "particularly since it provides for immediate
availability of bridge funds as the mechanics of the completed
Equity Purchase Agreement are implemented."
Southridge is a diversified financial holding company that has
made direct investments of over $1.7 billion into growth companies
globally, including 250 public companies, since 1996.
"With the availability of this level of funding, it clearly
empowers Net Savings Link to accelerate the implementation of all
phases of its business plan, including our National Advertising
Campaign that will not only create awareness of our high impact
capabilities in the business markets, but in the mass markets of
end user families as well, who can avail themselves of our
formidable savings benefits on everyday expenses."
"The ability to now 'put the word out,' combined with our
significantly enhanced level of website offerings, and growing list
of business customers and associated additional revenue streams,
puts us on an accelerated growth track," added Saltrelli.
Specific terms of both funding facilities were released in Form
8-K yesterday.
Statements included in this update that are not historical in
nature, are intended to be, and are hereby identified as,
"forward-looking statements." Forward-looking statements may be
identified by words including "anticipate," "believe," "intends,"
"estimates," "expect," and similar expressions. The Company
cautions readers that forward-looking statements including, without
limitation, those relating to the Company's future business
prospects are subject to certain risks and uncertainties that could
cause actual results to differ materially from those indicated in
the forward-looking statements, due to factors such as those
relating to economic, governmental, technological, and other risks
and factors identified from time to time in the Company's reports
filed with the SEC.
Contact: Net Savings Link, Inc. David Saltrelli CEO 727-442-2600
www.NetSavingsLink.com
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