NSAV ANNOUNCES SIGNING OF LETTER OF INTENT TO ACQUIRE MAJORITY STAKE IN LEADING CRYPTOCURRENCY EXCHANGE

Rhea-AI Summary

Net Savings Link, Inc. (NSAV) has signed a Letter of Intent to acquire a 51% stake in a major Cryptocurrency Exchange with a trading volume exceeding $600 million. This acquisition is anticipated to enhance NSAV's position in the blockchain industry and solidify its ECO-system, enabling rapid growth. The transaction is expected to close within the upcoming week, but the exchange's identity will remain confidential until then. The company's vision includes providing integrated services across various sectors of the cryptocurrency and blockchain industries.

Positive

• Acquisition of 51% stake in a Cryptocurrency Exchange with over $600 million in daily trading volume.
• Strategic move expected to enhance NSAV's position in the blockchain industry.
• Anticipated to provide foundational growth for NSAV's ECO-system.

Negative

• None.

London, England, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that it has signed a Letter of Intent (“LOI”) to acquire a 51% stake in a leading Cryptocurrency Exchange. The exchange has a 24-hour trading volume in excess of $600 million. Management believes that this acquisition will be a game changer for the Company and a key component in the NSAV ECO-system. Due to a confidentiality agreement, the Company will disclose the name of the exchange upon closing, which is anticipated within the coming week.

Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital Partner stated, “This acquisition will certainly put NSAV into a higher tier in the blockchain industry. It also will give us a
proven foothold in the crypto arena and a solid base to add to our NSAV ECO-system, thus allowing the Company to grow with tremendous speed.”

NSAV's vision is the establishment of a fully integrated technology company, which 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, financial services, advisory 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  

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/ 

Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.

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.

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  

Attachments

• $NSAV - Hong Kong OTC Crypto Trading Desk
• $NSAV - Premium OTC Crypto Trading Desk
• $NSAV - Premium OTC Crypto Trading Desk

FAQ

What is the significance of NSAV acquiring a 51% stake in a Cryptocurrency Exchange?

The acquisition is expected to significantly enhance NSAV's standing in the blockchain industry and add to its ECO-system.

When is NSAV expected to finalize the acquisition of the Cryptocurrency Exchange?

NSAV anticipates closing the transaction within the coming week.

What impact will the acquisition have on NSAV's business strategy?

This acquisition will provide NSAV with a critical foothold in the crypto market, enabling rapid growth and diversification of services.

How much is the trading volume of the Cryptocurrency Exchange being acquired by NSAV?

The Cryptocurrency Exchange has a 24-hour trading volume exceeding $600 million.