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Monday, March 29, 2021 9:38:04 PM
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.
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