Pro Music Rights And CEO Enter Into Settlement Agreements With Net Savings Link, Inc.

Rhea-AI Summary

Pro Music Rights has concluded private settlement agreements with Net Savings Link (OTC: NSAV), resolving all litigations and obligations between the two entities. Founder Jake P. Noch, who previously served as NSAV's CEO in February 2020, no longer maintains any relationship with NSAV, although he still holds shares in the company. Pro Music Rights represents over 2,000,000 musical works and collects and distributes license fees to affiliated songwriters and composers.

Positive

• Settlement agreements with NSAV eliminate all ongoing litigations and obligations.
• Jake P. Noch, while no longer affiliated, retains shares in NSAV, indicating potential confidence in the company's future.

Negative

• None.

NAPLES, Fla., March 1, 2021 /PRNewswire/ -- Pro Music Rights ("PMR" or the "Company"), a performance rights organization representing over an estimated 2,000,000 musical works of songwriters, composers and publishers, and its founder, Jake P. Noch, have entered into private settlement agreements with Net Savings Link, Inc. (OTC: NSAV). 

Mr. Noch has not been affiliated with NSAV since serving as CEO for a limited period of time during the month of February 2020.  With these newly announced settlements, PMR has no further litigations, obligations, or other relationships with NSAV.  Mr. Noch currently owns shares of NSAV.

About Pro Music Rights, Inc.

Pro Music Rights, Inc. is a performance rights organization representing over an estimated 2,000,000 musical works of songwriters, composers, and publishers, and collects license fees on behalf of the songwriters, composers and publishers with whom it is affiliated and then distributes 100% of the license fees as royalties to those songwriters, composers, and publishers whose musical works have been publicly performed. For more information about Pro Music Rights or to download its repertory, please visit: https://promusicrights.com/.

Contacts:

Ken Dennard / Natalie Hairston Dennard Lascar Investor Relations pmr@dennardlascar.com

 

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SOURCE Pro Music Rights, Inc.

FAQ

What are the recent developments between Pro Music Rights and NSAV?

Pro Music Rights announced private settlement agreements with NSAV, concluding all litigations and obligations.

Who is Jake P. Noch in relation to NSAV?

Jake P. Noch is the founder of Pro Music Rights and briefly served as NSAV's CEO in February 2020.

Does Jake P. Noch still have a relationship with NSAV?

No, Jake P. Noch has no further affiliations with NSAV following the settlement.

How many musical works does Pro Music Rights represent?

Pro Music Rights represents over 2,000,000 musical works.

What does Pro Music Rights do?

Pro Music Rights collects license fees on behalf of songwriters and composers, distributing 100% of those fees as royalties.