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Friday, October 31, 2014 12:13:12 PM
Net Savings Link, Inc. (OTC: Pink: Symbol NSAV) today hasannounced the execution of an agreement by our new President, Leonard F. Genovese, on behalf of NSAV, to conduct a formal due diligence evaluation for purposes of a targeted merger/acquisition with a well established firm that has an entrenched and long term presence in the food/wellness/ and retail distribution space in the Northeastern portion of the U.S., and is expanding nationally. Mr. Genovese commented; “This is an exciting opportunity to pair the synergy of this firm with NSAV. The targeted firm has existing revenues with year over year growth for the past 3 fiscal terms, and has an established customer base that encompasses both a retail and institutional model.” Mr. Genovese continued; “The firm not only has a domestic presence, but also has a European base that brings significant product variety into existing domestic markets that we are optimistic to enter. They are a leader in imported foodsfrom certain European markets, and they hold various proprietary food packaging agreements that will enhance product diversity”. Mr. Genovese continued; “ we are optimistic that we will close on this agreement, pending the outcome of our D.D. evaluation, within the next 30-60 days.”
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