NSAV COMPLETES DELAWARE HOLDING COMPANY REORGANIZATION
CRESCO, PA - June 2, 2017 - InvestorsHub NewsWire - NSAV
Holding, Inc., a Delaware corporation (OTC:
NSAV), announced today that it has completed its holding
company reorganization, pursuant to which a new Delaware
corporation, ("NSAV Delaware"), has replaced Net Savings Link, Inc.
(NET Delaware) as the publicly held corporation. .The shares of
NSAV Delaware will trade on the OTC Market under the ticker symbol
"NSAV", the same ticker symbol previously used by NET Delaware. As
a result of the reorganization, NET Delaware has become a
wholly-owned subsidiary of NSAV Delaware. In addition, the NET
Delaware shareholders have automatically become shareholders of
NSAV Delaware on a one-for-one basis, holding the same number of
NSAV Delaware shares and the same ownership percentage after the
reorganization as they held immediately prior to the
reorganization. The business operations, directors and executive
officers of the company will not change as a result of the
reorganization.NSAV Holding, Inc. is completely debt free.
The purpose of the reorganization is to provide the company with
strategic, operational and financial flexibility. Incorporating the
new holding company in Delaware will allow the company to take
advantage of the flexibility, predictability and responsiveness
that Delaware corporate law provides. The business operations,
directors and executive officers of the company will not change as
a result of the reorganization.
NSAV also announced that it will be making a major move into the
hemp industry. The company has been holding meetings throughout the
week and believes it has both the strategy and the ability to take
this to the next level. The U.S. is the worlds largest consumer of
hemp related products and China is the globes largest producer of
hemp. NSAVs two locations in Shanghai, China should prove to be a
tremendous advantage in the Companys hemp business.
James Tilton, president of NSAV stated, I am extremely pleased
that the reorganization of NSAV has been completed. I realize that
it took far longer to complete than anticipated. However, now that
it is done, it will certainly benefit all of our loyal
shareholders.I truly believe that the Companys new name accurately
reflects the new direction and vision of NSAV.
Mr. Tilton went on to state, Since the federal government
legalized hemp in 2014, I always believed that it had huge
potential. Now is the time for the new NSAV to dive headfirst into
the hemp arena. I truly believe that the Companys new name
accurately reflects the new direction and vision of NSAV.
NSAV's vision is the establishment of a fully integrated
technology company that provides turnkey technological solutions to
the legal medical cannabis and hemp industriesy, 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 corporate website can be accessed at http://netsavlink.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 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.