NSAV Holding Inc (NSAV)

[delerious1]

News:OTC DISCLOSURE & NEWS SERVICE
NSAV ANNOUNCES SETTLEMENT AGREEMENTS WITH PRO MUSIC RIGHTS, INC. AND ITS CEO
Press Release | 03/15/2021
Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company has entered into settlement agreements with Pro Music Rights, Inc. (PMR) and its CEO, Jake P. Noch, in regards to a promissory note with the principal sum in the amount of $486,540,000.00, which was issued to PMR as part of a previous settlement agreement between the parties on November 20, 2020. The previous settlement agreement also gave NSAV the right to purchase options in two other companies affiliated with Mr. Noch. These options have since expired. Under the current settlement agreement, Mr. Noch was issued 56,363,107 restricted shares of NSAV common stock and acknowledged that the above referenced promissory note is deemed irrevocably cancelled.



On March 1, 2021, Pro Music Rights, Inc. and its CEO, Jake P. Noch, issued a press release via PR Newswire announcing the current settlement agreements. The entire press release can be viewed by clicking on the link below.



https://www.prnewswire.com/news-releases/pro-music-rights-and-ceo-enter-into-settlement-agreements-with-net-savings-link-inc-301237103.html



The above referenced press release was also posted the same day on NSAVs company profile page on OTC Markets website and can be viewed in its entirety by clicking on the link below.



https://www.otcmarkets.com/stock/NSAV/news/Pro-Music-Rights-And-CEO-Enter-Into-Settlement-Agreements-With-Net-Savings-Link-Inc?id=291722



NSAV commented on the current settlement agreements and the above referenced press release on its official Twitter site on March 1, 2021.



Below is an excerpt of the material part of the March 1, 2021 press release.



NAPLES, Fla., March 1, 2021 /PRNewswire/ -- Pro Music Rights ("PMR" or the "Company"), a performance rights organization representing over an estimated 2,000,000 musical works of songwriters, composers and publishers, and its founder, Jake P. Noch, have entered into private settlement agreements with Net Savings Link, Inc. (OTC: NSAV).



Mr. Noch has not been affiliated with NSAV since serving as CEO for a limited period of time during the month of February 2020. With these newly announced settlements, PMR has no further litigations, obligations, or other relationships with NSAV. Mr. Noch currently owns shares of NSAV.



James Tilton, president of NSAV stated, We are happy to put this matter behind us and wed like to thank Mr. Noch and Pro Music Rights for their cooperation in resolving this matter.



NSAV's vision is the establishment of a fully integrated technology company that 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, advisory services, financial services and information technology.



For further information please contact NSAV at [e-mail]



The NSAV Twitter account can be accessed at https://twitter.com/nsavtech



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.



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Net Savings Link, Inc.

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