London, England, May 19, 2022 (GLOBE NEWSWIRE) — TG Private Equity Inc. (TG), a co-majority shareholder in Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain, and digital asset technology company, announced today that it has retired 500 million shares of Series B Preferred Stock, which is the equivalent of 500 million shares of common stock. Based on yesterday’s closing price, these shares are worth $4,750,000. (USD). Pacific Stock Transfer, the company’s transfer agent, performed the share cancellation.
This substantial share retirement was implemented by NSAV and TG in order to make more shares available for acquisitions, which management believes will increase shareholder value and reduce dilution. In the year 2022, NSAV has not issued a single share of common stock.
NSAV’s objective is to acquire acquisitions and pay salaries with its Series B Preferred Stock. For a minimum of two (2) years, the Series B Preferred Stock is restricted and cannot be sold into the public market or affect the public float, so it will not dilute the public float or negatively affect the share price during that time. NSAV has increased the number of authorised shares (A/S) for its common stock, although no shares have been issued. This decision was made in the unlikely case that a party in a merger or acquisition required common stock rather than Series B Preferred Stock. At this time, no such scenario has occurred. If any shares of common stock are issued, they will be restricted and will not be able to be sold in the open market or affect the public float for at least two (2) years, ensuring that the public float is not diluted or the share price is not negatively affected during that time.
No officer, director, employee, partner, or other person or entity has converted its Series B Preferred Stock to Common Stock since NSAV changed its business orientation and new management took over in early 2021, and so has not and cannot sell a single share to the public market. This is evident in NSAV’s OTC Markets filings, which can be read on a daily basis on the OTC Markets website.
“We would like to warmly thank our co-majority shareholder, TG Private Equity Inc., for retiring millions of dollars’ worth of NSAV shares,” NSAV’s management said in a statement. This action will undoubtedly instil trust in all NSAV shareholders and the market as a whole, as well as increase shareholder value.”
The objective of NSAV is to create a fully integrated technology firm that provides turnkey technological solutions to the cryptocurrency, blockchain, and digital asset industries. The Company intends to offer a variety of services in the future, including software solutions, e-commerce, financial services, consulting services, and information technology.
For further information please contact NSAV at [email protected]
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate 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 news release contains forward-looking statements that are intended to be covered by the safe harbours afforded by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Investors should be aware that any forward-looking statements are subject to risks and uncertainties, including, but not limited to, Net Savings Link, Inc.’s ability to carry out its stated business plan. Although Net Savings Link, Inc. thinks the assumptions underlying the forward-looking statements in this press release are reasonable, any of the assumptions could be incorrect, and thus there can be no assurance that the forward-looking statements in this press release will prove to be accurate. The inclusion of such information should not be taken as a representation by Net Savings Link, Inc. or any other entity, given the significant uncertainties inherent in the forward-looking statements provided herein.
Net Savings Link, Inc.