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Thanks. I sent an email to NDTP few days back when the info first came out, I’m going to look up contact for incoming co and send them one too.
NSAV Announces New Revenue Model and Joint Venture for Restructuring of Centralized Cryptocurrency Incubator Exchange
Press Release | 03/13/2023
Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company has restructured the terms of its acquisition of the AWC Centralized Cryptocurrency Incubator Exchange https://awcexchange.com/ and in the process, postponed the initial $2.5 million due from NSAV under the original terms. The Amendment cancels the $2.5 million non-convertible note, which was due to Active World Holdings, Inc. (AWH) in December 2023. The parties have agreed to amend the original terms of the acquisition and related promissory note to a $250,000 payment for the creation of a new Joint Venture ("JV"). The JV will involve the creation of a subsidiary in the jurisdiction of the European Union, in order to manage the new business activity. This approach to advancing the platform as a Joint Venture will reduce the upfront capital commitments and limit dilution to NSAV shareholders related to this transaction.
Under the terms of the new agreement, NSAV and AWH have entered into a formal Joint Venture to form a new company subsidiary, which will develop the exchange into a more versatile Web3 rewards platform, with a focus on gaming, metaverse, and entertainment. Again, NSAVs initial investment into the project will be $250,000., payable in the form of a non-convertible promissory note. In addition, NSAV will no longer be required to pay AWH a monthly fee of $50,000. to operate the exchange. AWH will license the exchange to the Joint Venture in return for 50% of the net revenues of the subsidiary's operations. NSAV will focus on marketing the exchange to its over 30,000 public shareholders, the general public, and its existing Web3 partners and projects.
NSAV is in the process of creating the wholly-owned subsidiary for the operation of the JV in the best available jurisdiction for regulation, licensing, and growth. The plan calls for the subsidiary to be PCOAB audited, in order to facilitate funding and a potential future spinout for the benefit NSAV shareholders and AWH. The Joint Venture intends to complete its targeted goals within the next 12 months and grow the user base both organically and through additional acquisitions.
Under the current structure, the AWC exchange can list both ERC-20 and BEP-20 tokens and is being upgraded to allow for secure storage of NFTs. The evolution to a full Web3 rewards platform will include the addition of both centralized and decentralized technologies to expand the capabilities and types of rewards available. With the upgrade to a rewards platform and revenue model, AWC management projects that once user numbers reach 5,000 the estimated monthly revenues of the Joint Venture will be approximately $1,500,000. The existing AWC management will continue to operate the exchange to ensure both continuity and a high standard of service.
Upon the launch of the new subsidiary, the previously contemplated Web3 stakeholder perks program for great new project launches, technologies, and giveaways will also begin as a new marketing and services platform for corporate clients and their customers. NSAV plans to introduce the platform with great opportunities for its current shareholders and partners to receive free crypto and exciting NFTs as a great way to celebrate the launch and provide instructions on how to use the new technologies. More details on how to get started with free crypto and Web3 rewards will be announced this week.
The management of NSAV released the following statement, We are excited to launch this Joint Venture. It is not just a great technology and revenue model, but it also presents an opportunity to monetize all of the Web3 projects and holdings we have accumulated over the last 24 months. It is our hope that the audited subsidiary will drive significant revenues and eventually become a huge opportunity for our shareholders.
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/nsav_tech
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 NSAVDEX Exchange website can be accessed at; https://nsavdex.org/#/home
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 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
https://www.otcmarkets.com/stock/NSAV/news/NSAV-Announces-New-Revenue-Model-and-Joint-Venture-for-Restructuring-of-Centralized-Cryptocurrency-Incubator-Exchange?id=392983
BioLife Sciences, Inc. (OTC:PK $BLFE) (BioLife or the Company) is Pleased to Announce the Release of the Prototype of the Company's Copper-Infused Microfiber Towels for Q2 of the Fiscal Year https://t.co/0Lph5etrXn via @YahooFinance
— BioLife Sciences Inc. (@Bio_LifeScience) March 10, 2023
Yes sir. GLTUA!
NSAV Tweets recap!
Good morning, $NSAV shareholders. The Company would like all shareholders to know that we are as committed as ever to the success of $NSAV despite the current turmoil in the global financial markets and cryptocurrency markets.
— NSAV Holding (@NSAV_Tech) March 10, 2023
As the company has previously stated, $NSAV is diversifying well beyond cryptocurrency, in the areas of blockchain, metaverse and Web3 and this will continue, as crypto stabilizes and regulations are enacted.
— NSAV Holding (@NSAV_Tech) March 10, 2023
Many $NSAV shareholders are asking for updates on the plans for the AWC CEX Incubator. $NSAV will issues a press release on Monday with a complete update and details, which will include an exciting new structure and revenue model.https://t.co/wrJwciG6MG
— NSAV Holding (@NSAV_Tech) March 10, 2023
In addition to a new revenue model for the AWC CEX, $NSAV will also focus on creating exciting and profitable opportunities for $NSAV's over 30,000 public shareholders (according to our most recent NOBO list). These will include spin-offs, rights-offerings, dividends, ect.
— NSAV Holding (@NSAV_Tech) March 10, 2023
A major focus of $NSAV's business plan will be to spin-off subsidiaries to $NSAV shareholders and take those subsidiaries public straightaway, which the company believes will enhance shareholder value.
— NSAV Holding (@NSAV_Tech) March 10, 2023
Thank you and have a great Friday and weekend.
— NSAV Holding (@NSAV_Tech) March 10, 2023
NSAV Tweets recap!
Good morning $NSAV shareholders. Our sincere apologies for the lengthy amount of time between updates. We have a few important updates for you this morning.
— NSAV Holding (@NSAV_Tech) March 1, 2023
$NSAV has begun the process of obtaining a crypto exchange license in Poland. This license will allow $NSAV to legally operate a Centralized Cryptocurrency Exchange (CEX) in the European Union (EU). The entire process should be completed in one month.
— NSAV Holding (@NSAV_Tech) March 1, 2023
The obtaining of a crypto exchange license in Poland is just the first step in $NSAV's planned European expansion, which has a market of nearly a half a billion people.
— NSAV Holding (@NSAV_Tech) March 1, 2023
In conjunction with a Poland crypto exchange license and as part of $NSAV's European expansion, the company will be applying for a listing on a major German Stock Exchange, which should increase liquidity for $NSAV's shares and benefit $NSAV shareholders.
— NSAV Holding (@NSAV_Tech) March 1, 2023
A listing on a German Stock Exchange would garner $NSAV the attention of investors in the EU's most populous country, as well as the European Union's largest economy.
— NSAV Holding (@NSAV_Tech) March 1, 2023
In addition, many crypto experts widely consider Germany to be the most crypto friendly country. All the more reason for $NSAV to be listed on a German Stock Exchange, as well as having a crypto exchange license in the European Union.https://t.co/GFGKwqGF8a
— NSAV Holding (@NSAV_Tech) March 1, 2023
Pleasure is mine Solidgold…GLTUA!
Off course if you are looking with your eyes closed you won’t be able to see it.
Fingers crossed!
You are welcome…it’s been too quiet here is scary…lol
Hong Kong outlines upcoming crypto licensing regime
Hong Kong’s Securities and Futures Commission calls for public consultation over plans to allow licensed cryptocurrency exchanges to serve retail investors.
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Hong Kong outlines upcoming crypto licensing regime
NEWS
Collect this article as an NFT
Hong Kong’s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023.
A key consideration of the public consultation window is whether to allow licensed exchanges to serve retail investors in the country and what measures should be implemented to provide a range of “robust investor protection measures.“
The SFC announced the consultation process on Feb. 20, outlining a new licensing regime for the industry which proposes that all centralized cryptocurrency trading platforms operating in Hong Kong must be licensed with the regulatory body.
The SFC’s proposed regulatory guidelines are based on existing requirements for licensed securities brokers and automated trading venues, while modifications have been made to some of the existing prerequisites.
Image
Top 100 2023
Cointelegraph launches the Top 100 list of crypto heroes and villains, 2023 edition
A statement from SFC CEO Julia Leung highlighted the “recent turmoil” in the cryptocurrency ecosystem and the collapse of industry players like FTX as a primary reason for clear regulatory guidelines for the industry with investor protection top of mind:
“As has been our philosophy since 2018, our proposed requirements for virtual asset trading platforms include robust measures to protect investors, following the ‘same business, same risks, same rules’ principle.”
According to the announcement, any person or business providing cryptocurrency-related services must apply for a license from the SFC. Furthermore, a number of requirements are set out for cryptocurrency exchanges and service providers.
This includes a host of prerequisites, including the safe custody of assets, Know Your Customer, conflicts of interest, cybersecurity, accounting and auditing, risk management, Anti-Money Laundering/counter-financing of terrorism and prevention of market misconduct.
Related: Hong Kong watchdog aims to restrict retail traders to liquid products
Businesses that intend to continue operating and applying for a license are encouraged to review and revise existing systems and controls to meet the requirements of the upcoming regime. Exchanges and service providers that do not intend to apply for a license will have to prepare to close down their businesses in Hong Kong.
Hong Kong’s SFC also intends to publish and maintain a list of licensed cryptocurrency exchanges and service providers to inform the general public of the registration statuses of different firms.
The 361 page document is exhaustive, outlining the key proposed regulatory requirements for licensing as well as guidelines for implementing AML controls and a host of other obligations for the industry.
Perhaps most pertinent is a section related to the proposal to allow retail access to licensed cryptocurrency trading platforms. The existing Securities and Futures Ordinance (SFO) regime has been in place since 2018, which initially restricted SFO-licensed platforms to serving professional investors.
The documentation notes that feedback from the public has highlighted the belief that denying retail access to cryptocurrency markets may result in investor harm given that individuals may be pushed to trade on unregulated overseas platforms which are accessible online.
According to the SFC, just two trading platforms are currently licensed under the SFO, while the SFC has introduced cryptocurrency-focused policies that have facilitated gradual retail investment to limited cryptocurrency asset exposure.
In October 2022, the SFC authorized a regime for cryptocurrency futures exchange-traded funds, giving retail investors indirect access to these markets through regulated products.
Meanwhile a number of licensed brokers and fund managers have begun offering cryptocurrency- related services to investors under the SFC’s supervision. This has been another key driver in the SFC’s move to allow all types of investors to have access to cryptocurrencies through licensed platforms from June 2023.
As previously reported by Cointelegraph, Hong Kong-based financial service providers had begun to enquire about licensing requirements after an amendment to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance in December 2022.
@NSAV_Tech https://t.co/oYG5JJHpSo
— JET (@_Anonymous_187_) February 20, 2023
No they won’t caused I added few days back .0019’s to average down and intend to hold long term.
Want to stay up-to-date with projects happening at $CRDV? Check out the new page on our website: https://t.co/qwwiDyYklN - we will keep adding to this page as we close new projects. #housingforall #noah #underconstruction #DC #Baltimore #DMV
— Community Redevelopment Inc (OTC: CRDV) (@Community_Redev) February 6, 2023
The Artistry (wholly owned by $CRDV) business model of building/renovating for rent units addresses the significant supply/demand imbalance of housing in the #DC region by providing higher quality units, accepting vouchers and faster property lease-up. #housingforall pic.twitter.com/SdMVHnEXCo
— Community Redevelopment Inc (OTC: CRDV) (@Community_Redev) January 26, 2023
NSAV Tweets recap!
Good morning $NSAV shareholders. This morning, the company was upgraded to Pink Current status with OTC Markets.
— NSAV Holding (@NSAV_Tech) January 20, 2023
$NSAV's London-based accounting firm has begun our Q4 Financial Statements and we anticipate their completion within the next couple of weeks and the filing of our 2022 Annual Report shortly thereafter.
— NSAV Holding (@NSAV_Tech) January 20, 2023
$NSAV's 2022 Annual Report and Financial Statements will include our Q4 acquisition of AWC Centralized Cryptocurrency Incubator Exchange https://t.co/wrJwciG6MG . Thank you and have a great weekend.
— NSAV Holding (@NSAV_Tech) January 20, 2023
Good morning $NSAV shareholders. This morning, the company was upgraded to Pink Current status with OTC Markets.
— NSAV Holding (@NSAV_Tech) January 20, 2023
Welcome new followers! Overview of $CRDV - We closed three #DC multi-family properties - slated to be complete in 1st 2-Qs. Renovating a #Baltimore rowhouse for completion & sale in March. Opened our #Miami brokerage. Finalizing financing for next projects - announcements soon!
— Community Redevelopment Inc (OTC: CRDV) (@Community_Redev) January 11, 2023
NSAV exchange is proudly made by the community.
— NSAV Exchange (@nsavcex) January 11, 2023
“People’s exchange”
✅like
✅follow
✅rt$nsav #cex #web3 #crypto
The $CRDV team put an initial focus on #DC because the annual income needed to afford a 1-bed apt under HUD thresholds is $87,893, and for a 2-bed - $120,457. This puts housing out of reach for tens of thousands of households making less than DC's median yearly income of $92,266. pic.twitter.com/BNTRjmx4RQ
— Community Redevelopment Inc (OTC: CRDV) (@Community_Redev) January 10, 2023
NSAV Tweet recap!
Good morning, $NSAV shareholders. The company will be filing its Q3 2022 reports, including the financial statements, with OTC Markets today. Thank you.
— NSAV Holding (@NSAV_Tech) January 10, 2023
Final tweet recap!
Good morning, $NSAV shareholders. On Friday, a senior member of our London accounting firm informed us that they will be back in full swing today from their Christmas holiday break and will complete the minor edits to the Q3 2022 financial statements today.
— NSAV Holding (@NSAV_Tech) January 9, 2023
$NSAV will be filing its Q3 2022 reports, including the financial statements, with OTC Markets within the next several days. Perhaps as soon as today or tomorrow. Thank you.
— NSAV Holding (@NSAV_Tech) January 9, 2023
Why does $CRDV invest in #DC? DC is home to more than 700,000 residents. More than 100,000 young professionals moved to DC in the last 8 years. The region has a population of 6,294,486 and a median age of 38; the largest population group is the 30-39 age range. #MondayMotivation pic.twitter.com/Q4Tc1urNnz
— Community Redevelopment Inc (OTC: CRDV) (@Community_Redev) January 9, 2023
NSAV Tweets recap!
Good morning, $NSAV shareholders. On Friday, a senior member of our London accounting firm informed us that they will be back in full swing today from their Christmas holiday break and will complete the minor edits to the Q3 2022 financial statements today.
Again, our sincere apologies for the delay in filing the financial statements. While the Q3 financial statements were delivered to us on December 22, minor edits were required, and our London accountants were closed beginning December 23.
NSAV Tweets recap!
Good morning, $NSAV shareholders. On Friday, a senior member of our London accounting firm informed us that they will be back in full swing today from their Christmas holiday break and will complete the minor edits to the Q3 2022 financial statements today.
Happy New Year!!!
NSAV Tweets recap!
We have received our Q3 financials from our longtime accounting firm, the London-based Wilton Group, and will be filing with OTC Markets in the next day or two.
Our Q3 financials have been completed and are currently being reviewed by a senior member of our longtime accounting firm, the London-based Wilton Group. The review should be completed today.
Sorry Wrong tweet.
NSAV Tweets Recap!
A Share Buyback would be the icing on the cake 🎂.🤩📈 https://t.co/xRceZZv38L
— Clayton Gillyard (@TopGun500SL) December 21, 2022
Happy Holidays to you too Mike!
NSAV Tweets recap!
Hello $NSAV shareholders: Our longtime accountant is completing the September 30, 2022 financial statements. OTC reports will be filed in the coming days and the yield sign should come off shortly thereafter and the company will be Pink Current again.
$NSAV shareholder update: We've just gotten word that the financial statements will be completed today, and will most likely be shown on OTC markets by late next week. NSAV management would like to thank you for your patience.
Pleased to announce that @ICOA’s access to OTCIQ has been reinstated.
This means we can upload the company’s disclosure statements, which we intend to do next week.
@DrVinMenon $ICOA
Pleased to announce that @ICOA’s access to OTCIQ has been reinstated.
— ICOA Inc (@icoa_inc) December 1, 2022
This means we can upload the company’s disclosure statements, which we intend to do next week.@DrVinMenon $ICOA
New BLFE Tweet
$BLFE we have some exciting developments and are looking forward to sharing them with you, stay tuned.
$BLFE we have some exciting developments and are looking forward to sharing them with you, stay tuned.
— BioLife Sciences Inc. (@Bio_LifeScience) November 29, 2022
NSAV Tweets recap # 2!
As there are a growing number of opportunities in the Metaverse, the $NSAV team is increasing its focus in that sector. The Metaverse has enormous monetization potential for all stakeholders in its development and usage.
According to industry estimates, revenues from virtual reality (VR) gaming worlds could reach $400 billion USD by 2025, and the Metaverse could cumulatively generate $1 trillion in value.
We will keep shareholders updated as further company details emerge.
NSAV Tweets recap!
Good morning $NSAV shareholders - we hope you had a great Thanksgiving holiday.
The previous accountant who completed NSAV's financials had left our long-term London accounting firm. The new accountant needed additional time to become acquainted with the files, hence $NSAV's late filing.
The previous accountant who completed NSAV's financials had left our long-term London accounting firm. The new accountant needed additional time to become acquainted with the files, hence $NSAV's late filing.
— NSAV Holding (@NSAV_Tech) November 28, 2022
We’d like to thank you for your patience during this time. We are looking forward to filing Q3 reports as soon as possible and will keep shareholders updated as new developments arise.
— NSAV Holding (@NSAV_Tech) November 28, 2022
Tweeting
Amen and fingers crossed! Gobble Gobble.
Absolutely!
Happy Thanksgiving!