Thursday, May 25, 2017 5:42:22 PM
CRESCO, PA — (Marketwired) — 04/11/17 — Net Savings Link, Inc. (OTC: NSAV) is pleased to announce that the Company will release financial statements for Shanghai Hua Si Tai Medical Consultation Company Limited (Shanghai) before end of market today. Highlights show a significant increase in profits with what execs believe to be a sustainable trend toward assertive growth for 2017 and beyond.
For the fiscal year 2016, Shanghai posted a net profit of $ 165,000. U.S.D., compared to the fiscal year 2015, when Shanghai posted a net loss of $ 100,000. U.S.D.
Operating income for fiscal year 2016 was $ 690,000. U.S.D. The Company attributes Shanghai’s turnaround to cost cutting and improved efficiency, as it desired to enter the U.S. public markets. The Company believes that under the guidance of NSAV and its management, Shanghai’s growth can accelerate to even greater levels. The Company converted the profit and operating figures into U.S. dollars from Chinese RMB and the financial statements will be audited by the Company’s U.S. auditor.
The complete financial statements will be posted on the Company’s Twitter account and Facebook page before end of market today (4pm EDT)
Last week, NSAV agreed in principle to acquire Chinese medical software company, Shanghai Hua Si Tai Medical Consultation Company Limited, which owns and operates Shanghai based Vital Strategic Research Institute (VSRI). VSRI is a medical research firm with a long history of expertise in design, clinical trials and global research. The Company sees VSRI as a major opportunity in the world’s largest country and second largest market. NSAV also sees a valuable synergy between VSRI and its own medical cannabis technology business. VSRI has websites in both English and Chinese
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM