News out! NanoSave Technologies signs Buy Out Deal with Borg Global
"PR Newswire
CHEYENNE, Wyo., April 4, 2017
CHEYENNE, Wyo., April 4, 2017 /PRNewswire/ -- The directors and management of NanoSave Technologies Inc. (OTC PINK: NNSV) announced today that NanoSave Technologies announced today that Borg Global Holdings of Duluth Georgia has agreed to purchase a controlling interest in NanoSave Technologies Inc. Borg Global Holdings a privately held International Conglomerate has agreed to purchase controlling interest in NanoSave Technologies Inc. (NNSV) in an all cash deal slated to close on or before June 1st 2017. The management of Borg Global Holdings will install new Directors to the company's board and appoint new executives to the management. Borg Global Holdings CEO R.T. Bailey stated. "We see this deal as a win-win for our investors and the shareholders of NanoSave Technologies, we are excited to be adding all the NanoSave Technologies' product and Patent portfolios to the Borg Global balance sheet including the highly anticipated Viritron VDX Biophage based Staph treatments, NanoSave Technologies is a Global leader in Nano Technology research and development and the integration of this company and its IP assets into the Borg Global family is a truly great addition." Visit: www.BorgGlobal.com
In Other News, NanoSave Technologies is preparing its Q1 2017 Financial statements which will reflect the company's acquisition of the Viritron VDX and VPN Patents and Q1 revenues. The Q1 financials will reflect the company's first full quarter as NanoSave Technologies Inc. since parting from N1 Technologies Inc. in Q4 2016. The company continues to expand rapidly; corporate accountants have indicated that the first quarter numbers were clearly positive and may have exceeded initial expectations. "We feel very strongly that our numbers will be a pleasant surprise as we combine the operating accounts of NanoSave and N1 into a consolidated financial statement, with both assets and revenues hitting all time highs. We are looking forward to opening new markets in the bio technology arenas and streamlining all aspects of our operations," says Company CEO Steve Lovern. The company envisages these new Bio Tech Patents and Technologies as an exceptional opportunity for our investors going forward. NanoSave Technologies designs, develops, manufactures and markets a wide range of nano-engineered oil products, lubricants and marine coatings to a global market."
