NSAV ANNOUNCES APPOINTMENT OF SOUTHEAST ASIA BUSINESS MAGNATE AND SILVERBEAR CAPITAL PARTNER, MR. DATO’ SRI DESMOND LIM, AS INTERIM CHIEF EXECUTIVE OFFICER

Rhea-AI Summary

Net Savings Link (OTC Pink: NSAV) has announced the appointment of Dato’ Sri Desmond Lim as interim CEO, effective immediately. Lim, previously Senior Vice President of Cryptocurrency Operations, will lead the company during the search for a permanent CEO, expected to be from Silverbear Capital. He brings extensive finance experience and will also oversee the NSAV Cryptocurrency Exchange project. The company also reported the resignation of former CEO James A. Tilton, agreeing that blockchain experience is crucial for future growth.

Positive

• Appointment of Desmond Lim as interim CEO expected to bring cryptocurrency expertise.
• Focus on strengthening leadership with the onboarding of a senior technical officer.

Negative

• Resignation of CEO Tilton may create concerns about leadership continuity.

London, England, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced the appointment of Mr. Dato’ Sri Desmond Lim as interim Chief Executive Officer (CEO). Mr. Lim currently serves as Senior Vice President of Cryptocurrency Operations for NSAV. Mr. Lim will serve as interim CEO until his successor is named, which is expected to be within the next two weeks. As previously announced, the new CEO will be a selected partner from the leading investment banking firm, Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk.

Mr. Lim’s appointment will take effect immediately and he will take charge of the NSAV Cryptocurrency Exchange www.nsavexchange.com project and the related regulatory, licensing and legal matters.

Mr. Lim is the Co-Founder of the world-renowned World Glove City Project in Malaysia https://worldglovescity.com and a partner at Silverbear Capital. Mr. Lim has extensive finance and fund management experience and is instrumental in turnkey and financial solutions for Silverbear’s private clients. He has access to numerous global fund managers across the board, in the US, Europe, China, Hong Kong, Singapore and Malaysia. Under his portfolio projects, Mr. Lim is responsible for Corporate exercise, Pre-IPO, implementing investment strategy and managing portfolio trading activities to provide the best returns to investors and stakeholders.

Mr. Lim’s full Linkedin profile can be accessed at https://www.linkedin.com/in/dato-sri-desmond-lim-90663036/?originalSubdomain=my.

NSAV also announced the resignation of its current CEO, James A. Tilton, effective immediately. Mr. Tilton, who does not possess a blockchain or cryptocurrency background, and NSAV’s Board of Directors, mutually agreed that this move was in the best interest of the Company and all of its shareholders. Management believes that blockchain and cryptocurrency experience and expertise are vital qualities in its next CEO, in order to ensure the continued growth of the Company.

The Company further announced that next week it will be onboarding a senior technical officer, with Fortune 500 company experience. This move will further bolster the Company’s technical team.

Mr. Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV stated, “We will continue to pay close attention to the U.S. Senate hearings, in regards to stricter rules for cryptocurrency and cryptocurrency exchanges and act accordingly, in order to ensure that NSAV is in full compliance.”

Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/ , a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchange. Silverbear will also help guide NSAV in ensuring that its exchange is continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.

Silverbear Capital Inc. (SBC) 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. https://www.sbcfinancialgroup.com.hk/meet-our-team/  

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

FAQ

Who is the new interim CEO of NSAV?

Dato’ Sri Desmond Lim has been appointed as the interim CEO of Net Savings Link.

What prompted the change in leadership at NSAV?

Former CEO James A. Tilton resigned, and it was mutually agreed that a leader with blockchain expertise is necessary.

What are Desmond Lim's qualifications for the interim CEO role at NSAV?

Lim has extensive experience in finance and cryptocurrency operations, previously serving as Senior VP of Cryptocurrency Operations.

What is NSAV's plan after appointing the new interim CEO?

NSAV plans to onboard a permanent CEO within two weeks and will focus on regulatory compliance in the cryptocurrency market.