NSAV announces the closing on the acquisition of Pyrotree Software, Inc.
April 24 2015 - 2:11PM
InvestorsHub NewsWire
Port Jefferson, NY
-- April 24, 2015 -- InvestorsHub NewsWire -- Net Savings
Link, Inc. (OTC: Pink: Symbol NSAV)
today has announced through its CEO, Steven Baritz, the fully
executed share exchange agreement to finalize the terms of the
closing of the acquisition that was referenced in our April 2, 2015
public announcement.
Mr. Baritz commented, “We are pleased to formally announce that we
have completed the acquisition of Pyrotree Software, Inc .
Pyrotree is THE premier software and web development platform
that was developed in order to meet the Point of Sale (From Seed to
Sell) and bidirectional compliance traceability software demands of
the medicinal & recreational cannabis industry”. Mr.
Baritz continued, “Within the Pyrotree framework, there are also 5
separate, yet integrated divisions that will provide peripheral
service resources, including but not limited to Supply chain
websites, credit card merchant accounts, transportation and
delivery tracking, and accountability systems. We’re doing this by
implementing an all- encompassing approach to incorporate the
Federal and State required compliance and record management needs
of all of the participants in the process, ranging from the
growers, collectives, product developers, delivery networks, and
even including the “brick and mortar” retailers, and further
extending to the consumer end user of the various products.
It is our stated objective to become established and prepositioned
as the industry standard for our web, software, and traceability
products in the various States where medicinal and recreational
cannabis are legally offered for sale, distribution, and use.
“
“Due to the extraordinary, and arguably exponential growth over the
past few years, the medicinal & recreational cannabis space is
currently expanding at a rate that has significantly exceeded
initial expectations, and this continued growth rate has
necessitated the development and implementation of tracking and
traceability solutions that can provide real time information to
all of the service providers throughout the seed to sale process,
including the State and Federal regulators”, said Baritz.
Baritz further commented, “We’re planning on leading the digital
revolution in the industry by providing business owners and
consumer end users with software that can fill this void and
provide business solutions for their individual issues, concerns,
and compliance needs. With an estimated year over year
annual industry growth projection of 19% to reach projected annual
industry sales of approximately 110.2 billion in the next 10 years,
we can implement these systems early as one of the first to market,
and allow us to cement our place as the industry standard.”
One of the essential components of the entire system will be the
integration of a proprietary RFID ( Radio Frequency
Identification ) tagging system for inventory and asset tracking
and control. Mr. Baritz explained, “The RFID tagging will
automate the traceability and tracking requirements being mandated
by the various State governments, directly into the POS system.
RFID will be the industry standard for seed to sale tracking and
traceability in the States that have, or will, legalize the
medicinal and recreational uses of the cannabis products and
derivative products, and we will have an integrated and custom
designed RFID system that will quickly emerge as the preeminent and
leading RFID system in the industry”. Future
announcements by NSAV will elaborate on the detailed use.
In discussing the rollout, Baritz commented, “The systems are
already in place, and fully functional, and are currently servicing
numerous paying clients, which are currently expanding by more than
10 new clients every day, and it is expected that this growth rate
itself will also expand significantly above the 10/day mark,
quarter over quarter. Accordingly, regular monthly revenue is
now being generated, and incremental growth is expected, and
features multiple product platforms that all have their own
independent revenue models. “
In a sidebar comment to investors, Mr. Baritz commented: “I
would like to thank our shareholders for their many months of
steadfast patience, support, and confidence, notwithstanding the
suppressed share price and high float, while NSAV conducted the
exploration and detailed vetting process to ensure that we brought
a viable, sustainable, and revenue generating product platform into
the company. The Board of Directors of NSAV is confident that
NSAV has found such a platform with PyroTree, and we are moving the
company in the direction that will meet the long term expectations
of our shareholders and investors to create long term growth and
stable equity”.
About Net Savings Link, Inc.
Net Savings Link, Inc. owns and operates a wholly owned
subsidiary, Global Distribution Corporation, a distribution company
that markets and distributes products in varying industries
including the supplement, wellness and natural remedies markets.
People interested in learning more about Global Distribution
should check back with the company at its website, ww.Globaldistributioncorp.net
DISCLAIMER: This Press Release may contain certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company has tried,
whenever possible, to identify these forward-looking statements
using words such as "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "potential" and similar expressions.
These statements reflect the Company's current beliefs and are
based upon information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The Company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information contained in this
Press Release including such forward-looking statements.
Contact:
David Pecoraro,
Vice President of Operations
Email: DavidPecoraro@rocketmail.com
Tel : 814-418-6648
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