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NSAV Announces New Revenue Model and Joint Venture for Restructuring of Centralized Cryptocurrency Incubator Exchange
Press Release | 03/13/2023

Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company has restructured the terms of its acquisition of the AWC Centralized Cryptocurrency Incubator Exchange https://awcexchange.com/ and in the process, postponed the initial $2.5 million due from NSAV under the original terms. The Amendment cancels the $2.5 million non-convertible note, which was due to Active World Holdings, Inc. (AWH) in December 2023. The parties have agreed to amend the original terms of the acquisition and related promissory note to a $250,000 payment for the creation of a new Joint Venture ("JV"). The JV will involve the creation of a subsidiary in the jurisdiction of the European Union, in order to manage the new business activity. This approach to advancing the platform as a Joint Venture will reduce the upfront capital commitments and limit dilution to NSAV shareholders related to this transaction.

Under the terms of the new agreement, NSAV and AWH have entered into a formal Joint Venture to form a new company subsidiary, which will develop the exchange into a more versatile Web3 rewards platform, with a focus on gaming, metaverse, and entertainment. Again, NSAVs initial investment into the project will be $250,000., payable in the form of a non-convertible promissory note. In addition, NSAV will no longer be required to pay AWH a monthly fee of $50,000. to operate the exchange. AWH will license the exchange to the Joint Venture in return for 50% of the net revenues of the subsidiary's operations. NSAV will focus on marketing the exchange to its over 30,000 public shareholders, the general public, and its existing Web3 partners and projects.

NSAV is in the process of creating the wholly-owned subsidiary for the operation of the JV in the best available jurisdiction for regulation, licensing, and growth. The plan calls for the subsidiary to be PCOAB audited, in order to facilitate funding and a potential future spinout for the benefit NSAV shareholders and AWH. The Joint Venture intends to complete its targeted goals within the next 12 months and grow the user base both organically and through additional acquisitions.

Under the current structure, the AWC exchange can list both ERC-20 and BEP-20 tokens and is being upgraded to allow for secure storage of NFTs. The evolution to a full Web3 rewards platform will include the addition of both centralized and decentralized technologies to expand the capabilities and types of rewards available. With the upgrade to a rewards platform and revenue model, AWC management projects that once user numbers reach 5,000 the estimated monthly revenues of the Joint Venture will be approximately $1,500,000. The existing AWC management will continue to operate the exchange to ensure both continuity and a high standard of service.

Upon the launch of the new subsidiary, the previously contemplated Web3 stakeholder perks program for great new project launches, technologies, and giveaways will also begin as a new marketing and services platform for corporate clients and their customers. NSAV plans to introduce the platform with great opportunities for its current shareholders and partners to receive free crypto and exciting NFTs as a great way to celebrate the launch and provide instructions on how to use the new technologies. More details on how to get started with free crypto and Web3 rewards will be announced this week.

The management of NSAV released the following statement, We are excited to launch this Joint Venture. It is not just a great technology and revenue model, but it also presents an opportunity to monetize all of the Web3 projects and holdings we have accumulated over the last 24 months. It is our hope that the audited subsidiary will drive significant revenues and eventually become a huge opportunity for our shareholders.

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

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

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

The NSAV corporate website can be accessed at; http://nsavholdinginc.com

The NSAV Centralized Cryptocurrency Exchange (CEX) website can be accessed at; https://ex.nsavexchange.com/main

The NSAVDEX Exchange website can be accessed at; https://nsavdex.org/#/home

The NSAV Premium OTC Crypto Trading Desk website can be accessed at; https://nsavholdinginc.com/otc-desk/

The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at;

https://hkotc.co/

The NSAVDEX Exchange Telegram account can be accessed at; https://t.me/NSAVDEXorg

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.

Contact

Net Savings Link, Inc.

[e-mail]



https://www.otcmarkets.com/stock/NSAV/news/NSAV-Announces-New-Revenue-Model-and-Joint-Venture-for-Restructuring-of-Centralized-Cryptocurrency-Incubator-Exchange?id=392983