London, England, May 19, 2022 (GLOBE NEWSWIRE) — Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that its co-majority shareholder, TG Private Equity Inc. (TG), withdrew 500 million Series B Preferred Shares it owned, equivalent to 500 million common shares. The market value of these shares based on yesterday’s closing price is $4,750,000 (USD). The cancellation of the shares was effected by the company’s transfer agent, Pacific Stock Transfer.
NSAV and TG have enacted this large share retirement to make additional shares available for acquisitions, which management believes will enhance shareholder value and keep dilution to a minimum. NSAV has not issued any common shares in 2022.
NSAV’s strategy is to use its Series B preferred stock to make acquisitions and pay salaries. The Series B Preferred Shares are restricted and may not be sold in the public market or affect the public float for at least two (2) years and therefore will not dilute the public float or adversely affect the price action during this period. NSAV recently increased the number of authorized shares (A/S) for its common stock, but has not issued any shares. This decision was made in the rare event that a particular party to an acquisition or transaction required common stock as opposed to Series B preferred stock. No such scenario has occurred at this time. If Common Shares are issued, they will be restricted and may not be sold in the public market or affect the public float for at least two (2) years and, therefore, will not dilute the public float or adversely affect the share price. during this period.
Since NSAV changed its business focus and new management took over in early 2021, no officer, director, employee, partner or any other person or entity has converted their Series B Preferred Shares into shares. ordinary and therefore did not and could not sell a single share on the public market. This can be evidenced in documents filed by NSAV’s OTC Markets and viewed daily on the OTC Markets website.
NSAV management issued the following statement: “We would like to sincerely thank our co-majority shareholder, TG Private Equity Inc., for withdrawing millions of dollars’ of NSAV shares. This decision will certainly provide a lot of confidence to all NSAV shareholders and the market in general, while improving shareholder value.”
NSAV’s vision is the creation of a fully integrated technology company, which provides turnkey technology 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, financial services, consulting services and information technology.
For more information, please contact NSAV at [email protected]
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV company website can be accessed at http://nsavholdinginc.com
The NSAV Centralized Cryptocurrency Exchange (CEX) website can be accessed at https://ex.nsavexchange.com/main
The NSAV CEX Twitter account can be accessed at https://twitter.com/nsavcex
The NSAVDEX 1 Exchange website can be accessed at https://nsavdex.org/#/home
The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/
The NSAV NFT Marketplace website can be accessed at https://nsavnft.com/
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
The NSAVDEX Exchange Telegram account can be accessed at https://t.me/NSAVDEXorg
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 thus created. . Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, Net Savings Link, Inc.’s ability to achieve its stated business plan. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, that each of the assumptions may be incorrect, and therefore there can be no assurance that the forward-looking statements included in this press release will prove for be precise. In light of the material uncertainties inherent in the forward-looking statements included herein, the inclusion of this information should not be construed as a statement of Net Savings Link, Inc. or any other person.
Net Savings Link, Inc.