Net Savings Link, Inc. (OTC:
NSAV) is pleased to announce that the Company will release
financial statements for Shanghai Hua Si Tai Medical Consultation
Company Limited (Shanghai) before end of market today. Highlights
show a significant increase in profits with what execs believe to
be a sustainable trend toward assertive growth for 2017 and
beyond.
For the fiscal year 2016, Shanghai posted a net profit of $
165,000. U.S.D., compared to the fiscal year 2015, when Shanghai
posted a net loss of $ 100,000. U.S.D.
Operating income for fiscal year 2016 was $ 690,000. U.S.D. The
Company attributes Shanghais turnaround to cost cutting and
improved efficiency, as it desired to enter the U.S. public
markets. The Company believes that under the guidance of NSAV and
its management, Shanghais growth can accelerate to even greater
levels. The Company converted the profit and operating figures into
U.S. dollars from Chinese RMB and the financial statements will be
audited by the Companys U.S. auditor.
The complete financial statements will be posted on
the Companys Twitter account and Facebook page before end of
market today (4pm EDT)
Last week, NSAV agreed in principle to acquire Chinese medical
software company, Shanghai Hua Si Tai Medical Consultation Company
Limited, which owns and operates Shanghai based Vital Strategic
Research Institute (VSRI). VSRI is a medical research firm with a
long history of expertise in design, clinical trials and global
research. The Company sees VSRI as a major opportunity in the
worlds largest country and second largest market. NSAV also sees a
valuable synergy between VSRI and its own medical cannabis
technology business. VSRI has websites in both English and
Chinese.
http://www.vitalstrategic.com/company.html
http://www.vitalstrategic.com.cn
The Company feels that by acquiring VSRI it will open up the
immense Chinese medical and medical cannabis markets to NSAV.
Chinese entities hold an estimated half of the worldwide patents
for cannabis and hemp. The Company also believes that because it is
a public company, it can greatly assist VSRI grow and become even
more prominent on the global stage than it already is.
James Tilton, president of NSAV stated, I am extremely pleased
that we were able to release these financial statements even
earlier than expected. It is rare that one can find a company which
is already very profitable, has so much potential for growth and a
great value. I consider myself and all NSAV shareholders extremely
fortunate that we were able to locate this precious gem. As I have
promised, solid acquisitions will be the key to our Companys
growth.
Mr. Tilton went on to state, I am fully aware from the dozens of
shareholder emails and Tweets I received, that bringing NSAV
current on its SEC filings is priority number one. I can assure all
of you that it is my top priority as well. Unfortunately, I
inherited an unexpectedly difficult situation from the previous
management and it has caused a delay in bringing NSAV current. I am
on top of this and I will fulfill my pledge to have the SEC filings
completed very soon.
NSAV's vision is the establishment of a fully integrated
technology company that provides turnkey technological solutions to
the medical cannabis industry, 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 jamestilton@netsavingslinkinc.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/Net-Savings-Link-Inc-768628693317257/
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.