NSAV announces the signing of a Memorandum of Understanding (MOU) to finalize the terms of the expected closing of the acquis...
April 15 2015 - 10:40AM
InvestorsHub NewsWire
NSAV announces the signing of a Memorandum of Understanding
(MOU) to finalize the terms of the expected closing of the
acquisition target that was referenced in our April 2, 2015 public
announcement. We are also announcing the appointment of David
Pecoraro to the Board of Directors as the Vice President of
Operations of NSAV.
Port Jefferson, NY -- April 15, 2015 -- InvestorsHub NewsWire
-- Net Savings Link, Inc. (OTC: Pink: Symbol NSAV)
today has announced through its CEO, Steven Baritz, the fully
executed Memorandum of Understanding (MOU) to finalize the terms of
the expected closing of the acquisition that was referenced in our
April 2, 2015 public announcement. Mr. Baritz commented, “as
previously announced, we are on target to close on the acquisition
of a California firm that is one of the premier developers of a
Point of Sale ( POS ) , traceability, and marketing system that
will be providing essential servicing to an emerging market space
that is one of the fastest and largest growing retail and delivery
industries in he the U.S.”
Mr. Baritz elaborated further, “The targeted firm is
currently producing regular monthly revenue that is growing
incrementally, and additionally, features multiple product
platforms that all have their own independent revenue models.
Each of these product platforms work synergistically with each
other, and will allow business expansion via cross marketing to the
client/customer base, as each of the products work seamlessly with
each other with cross dependency in some instances. In our
previous public announcement, we had expected to close on the
acquisition by April 15, but auditing delays due to the higher than
anticipated workflow by the auditors, have necessitated a slight
adjustment on our initial expectations. Barring any
unforeseen events, we now expect to close by April 20th,
in tandem with our required SEC 10Q filing, and the closing may be
referenced in the 10Q, depending on timing.”
In a sidebar comment to investors, Mr. Baritz commented: “ I
am confident that we are moving the company in the direction that
will meet the long term expectations of our shareholders and
investors. NSAV appreciates and expresses sincere thanks to
our long term shareholders, and their continued support,
confidence, and reasonable patience for us to fully develop our
outlined goals for the future and sustainability of NSAV. We
are doing everything possible to formulate the best possible
outcome to create long term growth and stable equity in the
firm. We expect to attract more shareholders, resources, and
investors as our company continues to take shape in a recognizable
direction and intent.”
NSAV is also announcing the
appointment of David Pecoraro to the Board of Directors as the Vice
President of Operations of NSAV. Steven Baritz, the President/CEO of NSAV
and Global Distribution commented, “NSAV is pleased to announce the
appointment of Mr. David Pecoraro to the Board
of Directors as the Vice President of Operations of NSAV.
He has operated a comprehensive social
media newsletter that tracks and follows trends of long term
investment activity in various financial venues. Mr. Pecoraro's
detailed business tenure also features him as a principal in a high
value product transportation business. He also held senior
management positions with top firms such as Durkee/French's,
whereby he assisted in distribution growth, and developed new
retail outlets and corporate accounts for the firm. Baritz
added, “David has significant experience in the public entity
arena, and is eminently qualified to address shareholder's feedback
on multiple levels. He has been an instrumental member of our
core staff, whose tireless efforts and valuable input and strategic
guidance were significant contributory factors for his appointment
to the Board of Directors, and we expect he will serve well in that
capacity.”
About Net Savings Link, Inc.
Net Savings Link, Inc. owns and operates a wholly owned
subsidiary, Global Distribution Corporation, a distribution company
that markets and distributes products in varying industries
including the supplement, wellness and natural remedies markets.
People interested in learning more about Global Distribution
should check back with the company at its website, www.Globaldistributioncorp.net .
DISCLAIMER: This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The Company has tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. These statements
reflect the Company's current beliefs and are based upon
information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The Company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information contained in this
Press Release including such forward-looking statements.
Contact:
David Pecoraro,
Vice President of Operations
Email: DavidPecoraro@rocketmail.com
Tel : 814-418-6648
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