NSAV Holding Inc (NSAV)

[EmptyBones]

Everyone read and ignore the kids... Just talked to I/R and he also said NO R/S, that is why they put the release out...

PORT JEFFERSON, NY--(Marketwired - Feb 23, 2015) - Net Savings Link, Inc. (OTC PINK: NSAV) today has announced through its CEO, Steven Baritz, the payoff of over $230,000 in convertible notes that were due to Asher Enterprises, Inc. Mr. Baritz said, "I wanted to extend my deepest appreciation to our shareholders in the continued confidence that they have maintained since I became the CEO of NSAV in June, 2014." Mr. Baritz continued, "Since the commencement of our new management team in June 2014, we have paid off nearly $230,000 of the convertible notes that we inherited from the previous directors, including notes that defaulted on May 31, 2014, which predated our current management team. Six notes from 2013, including a $39,000 default fee, were included in this payoff amount, and 2 notes from early 2014 (which were prior to the current management team) were also nearly paid off, leaving an approximate balance as of this writing of only $2,250."
"I wanted to address the significant concern that has been raised among many of our shareholders with respect to a restructuring of the company via a reverse split option," said Baritz. "NASV does not see a reverse split as a viable option for us for the foreseeable future in the upcoming year," he said. Mr. Baritz continued, "We recognize the challenges that we have, and I feel that our best strategy would incorporate a policy of returning equity to the company by using various merger and acquisition opportunities that we are currently entertaining to create revenue and profits for NSAV, in lieu of a restructuring model via a reverse split of the current share structure. Although NSAV would always reserve the right to include a reverse split as an available option, its use would only be used if all other options and resources were exhausted," Baritz said.