NSAV
ANNOUNCES SIGNING OF BINDING LETTER OF INTENT TO
ACQUIRE 40% STAKE IN
VIRTUAL ASSET MANAGEMENT COMPANY
London, England --
June 7, 2021 -- InvestorsHub NewsWire -- Net Savings
Link, Inc. (OTC
Pink: NSAV), a cryptocurrency, blockchain and digital asset
technology company, today announced that it has signed a Binding
Letter of Intent ("LOI") to acquire a 40% stake in a Hong Kong
based Virtual Asset Management company. The company, yet unnamed,
is headquartered in Hong Kong and holds a Type 9, asset management
license and is regulated by the Hong Kong Securities and Futures
Commission ("SFC"). Under the terms of the LOI, NSAV will become
the Single largest shareholder of the Asset Management company.
NSAV will enhance the Asset Management company, with the intention
of it becoming a leader in the blockchain financial arena. The
Company's goal is to achieve $2 billion or greater of Virtual
Assets Under Management ("AUM") in the next two to three years, as
there is an exceedingly urgent market demand for these
services.
The management of NSAV believes that given the
increased regulation of Virtual Assets, asset management companies
will increasingly be called upon to act as custodian of virtual
assets, as blockchain technology becomes more and more prevalent in
the business world. Virtual Asset clients will soon see the
importance of storing their digital assets with regulated entities
and licensed institutions for safe keeping. NSAV's cryptocurrency
clients would no longer have to worry about losing or forgetting
their password, which results in the loss of their entire Bitcoin
or other virtual assets. Investors in Bitcoin alone, have lost over
$140 billion as a result of lost passwords. The Company believes a
"Virtual Asset" Asset Management company will solve this
problem.
The second reason the management of NSAV decided
to strongly pursue this transaction, is that the Company believes a
blockchain enabled Asset Management company can assist in allowing
more transparency to the regulators, in order to protect investors
against non-regulated activities. NSAV envisions becoming the
bridge between the banking world, along with genuine cryptocurrency
investors (i.e., introducing proper Crypto ETF products for
investors to purchase), so crypto investor's bank accounts will not
have to be frozen due to sub-standard crypto investments, which is
a common occurrence in the industry at the moment.
Another significant reason that NSAV has chosen
Hong Kong for its next major investment, is due to the booming Hong
Kong financial market. Market capitalization of the Hong Kong Stock
Exchange was $53.4 trillion at the end of April 2021, an increase
of 53% from the $35.0 trillion for the same period last year. The
average daily turnover in April 2021 was $155.7 billion, an
increase of 55% from the $100.5 billion for the same period last
year. The numbers speak for themselves.
Silverbear Capital Inc. (SBC) https://www.sbcfinancialgroup.com.hk will be
selecting a licensed, qualified team to operate the Asset
Management company by the end of the month. SBC will also be
exploring and formulating other dynamic services to be offered by
the Asset Management company.
Mr. Desmond Dato' Sri Lim, Senior Vice President
of NSAV and a partner at Silverbear Capital stated, "We believe
communication between the investors and the regulators are an
important aspect going forward within the blockchain industry.
Being a regulated Asset Management company is an important step to
be successful in this business and I am confident that this will be
become the major trend for this industry within the coming
months."
Silverbear Capital Inc., a leading global
investment banking firm, will be facilitating this equity
acquisition opportunity for NSAV.
SBC Financial Group has a dynamic of disciplines
on a broad commercial level and practice. SBC has a strong group of
Partners in a wide range of disciplines with seasoned experience in
finance, management, and professional
practice.
Disclaimer: Silverbear Capital Inc. does not
constitute investment advice, or an offer or solicitation to sell,
or a solicitation to buy, or any other investment product (nor
shall any such shares or product be offered or sold to any person)
in any jurisdiction in which an offer, solicitation, purchase or
sale would be unlawful under the securities law of that
jurisdiction.
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
The NSAV corporate website can be accessed at
http://nsavholdinginc.com
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
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