NSAV Announces No Reverse Split of Its Shares and No Dilution
July 06 2017 - 9:20AM
Marketwired
NSAV ANNOUNCES NO REVERSE SPLIT OF ITS SHARES
AND NO DILUTION
CRESCO, PA-(Marketwired - Jul 6, 2017) - NSAV Holding, Inc.
(OTC: NSAV), announced today that the Company is categorically not
planning or even considering a reverse split of its shares and no
dilution of the public float has taken place. The new management of
NSAV has imposed a strategy of building the Company from the ground
up and wants to assure all shareholders that a reverse stock split
will not be enacted. In recent months, the Company has taken
numerous steps to enhance shareholder value, including a 40% or 4
billion share decrease of its authorized shares. NSAV is committed
to taking additional measures in the coming weeks and months to
further enhance shareholder value.
NSAV also announced that next week it will unveil which of its
divisions will be the first in a series of spin offs into a
publicly traded company. The Company has previously stated that
spin offs of its divisions into publicly traded companies is a
major segment of its business model and long term strategy.
James Tilton, president of NSAV stated, "I once again reiterate
that the Company will not be doing a reverse split as long as I am
the CEO and I sincerely hope that we have put our shareholders'
minds at ease. I have been in the public markets for 22 years and I
have never seen a reverse split benefit shareholders. Our only
objective is to conduct activities and take corporate actions that
benefit all NSAV shareholders."
Mr. Tilton went on to state, "I am pleased and honored that NSAV
is ready to spin off one of its divisions. I have personally been
in charge of many spin offs in my long career and they have all
been a huge success and greatly benefitted the shareholders.
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.
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 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.
CONTACT INFORMATION
- For further information please contact:NSAV 1 (570- 595-2432)
info@nsavholdinginc.com
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