NSAV
ACQUIRES STAKE IN BLOCKCHAIN-DRIVEN
RIDESHARE PLATFORM, RYDEHAILS, ENTERS $75 BILLION
MARKET
London, England -- April 22, 2021 -- InvestorsHub
NewsWire -- Net Savings Link, Inc. (OTC
Pink: NSAV), a cryptocurrency, blockchain and digital asset
technology company, today announced that it has acquired a
significant stake in New York City based Rideshare Platform,
Rydehails LLC, marking the Company's official entrance into the $75
billion Rideshare market.
Rydehails, https://drive.google.com/file/d/1MFvvnav1rcf5aFMtXF1DZZxq4ojdxcrg/view?usp=sharing whose
Blockchain-Driven Payment Platform aims to revolutionize the ground
transportation industry. With Rydehails, drivers can earn up to 35%
more than their counterparts at Uber and Lyft. Rydehails uses smart
technology to provide a customizable platform for each of its
users, creating a network of businesses and service providers
accessible to other businesses and customers. The Rydehails
platform will have a digital wallet using NSAV's STUX token as its
cryptocurrency of choice, providing customers a more secure and
efficient way to do business, with the opportunity for global
access as the platform grows.
According to McKinsey research, rideshare
providers have only tapped in to 29% of their potential market in
the U.S. The ridesharing market in the U.S. has already exceeded
$34 billion and $8 billion in New York City alone. Rydehails will
have direct access to 60% of this market within 12 months and
currently has access to over 120,000 New York City Taxi and
Limousine Commission (TLC) licensed drivers. The management of NSAV
believes that this acquisition will be a major step in fulfilling
the Company's ambition of being a leading player in the
multi-billion dollar, blockchain, cryptocurrency and digital asset
arenas. Under the terms of the agreement, NSAV has acquired a 20%
shareholding in Rydehails and has an exclusive option to acquire an
additional 10% stake.
The Rydehails Blockchain-Driven Platform offers an
all-inclusive source for customers seeking a range of delivery
services from: food delivery, standard passenger pickup, concierge
service, wheelchair access and non-emergency medical transport,
freight delivery, government long-term contracts, logistics and
specialized transportation. Users on the platform can schedule
customizable delivery and pickup trips as they do business within
the platforms network. Privacy and protection, with lower
transaction and trip fees, means a lower cost for goods and
services for users purchasing through the Rydehails platform. The
platform also allows registered users and drivers to manage their
finances, process tax paperwork with registered tax agents, pay
bills and send money to family abroad.
Silverbear Capital (SBC) https://www.sbcfinancialgroup.com.hk acted as a
consultant on the transaction and provided management advisory
services.
SBC has a dynamic of disciplines on a broad
commercial level and practice. SBC has a strong group of Partners
https://www.sbcfinancialgroup.com.hk/meet-our-team
in a wide range of disciplines with seasoned experience in finance,
management, and professional practice.
The management of Rydehails released the following
statement, "The Rydehails team would like to thank NSAV and
Silverbear Capital for facilitating this partnership. This is the
beginning of a new frontier for the ground transportation and
professional driving community. Our objective at Rydehails, has
always been to form relationships that maximize our impact in
changing the status quo within local communities that can easily
translate on a global scale as we grow. We anticipate our future
launch and working alongside NSAV and VirtuaBroker https://virtuabroker.com , to present a
platform that ultimately provides jobs, promotes business and gives
our users greater financial control. Silverbear Capital is truly,
professional and we appreciate all of the hard work they have put
in."
James Tilton, president of NSAV stated, "We are
pleased to be able to announce the acquisition of such a
significant stake in Rydehails, along with the option to acquire an
even more significant stake. This acquisition, coming on the heels
of the recently completed VirtuaBroker transaction, proves to our
loyal NSAV shareholders and the global markets, that we are a force
to be reckoned with in the cryptocurrency, blockchain and digital
asset sectors. I can assure all our loyal NSAV shareholders that we
are already working on further acquisitions, strategic investments
and partnerships and that the best is yet to come. I would like to
thank our newest partners at Rydehails and of course, the amazing
team at Silverbear Capital, for making this deal
possible."
NSAV's vision is the establishment of a fully
integrated technology company that provides turnkey technological
solutions to the cryptocurrency, blockchain and digital asset
industries. Over time, the Company plans to provide a wide range of
services such as software solutions, e-commerce, advisory services,
financial services and information
technology.
For further information please contact NSAV at
info@nsavholdinginc.com
The NSAV Twitter account can be accessed at
https://twitter.com/nsavtech
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.
Contact:
Net Savings Link, Inc.
info@nsavholdinginc.com