NSAV Holding Inc (NSAV)

[Talonss]

Just got off the phone with the CEO. He said the Southridge funders are all paid off..only $49-50k remains from Asher. He's expecting/hoping they will "blow that out in a few days" (his words). He doesn't want to issue a PR until Asher is done and then the company will be officially debt free. I confirmed (wanted to make sure) that there was no more debt hiding in some nook and cranny somewhere and he reiterated that when Asher is done, they would be debt free with no more CD's currently due to hit the market!

The company is in the midst of raising funding, but that funding would involve restricted shares (can't be sold into the market for at least another 6 months-1 year). He said the company is focusing on the Incentive Market niche ie "Test drive a car and receive $1000 dollars in savings at Costco"(this was the example he gave me). The car dealer wins, the customer wins and the company (NSAV wins)...he was very excited about the incentive market. He discussed some numbers..company making a million dollars would result in NSAV making about 300k profit. He threw out some more numbers, but just giving a flavor of what he discussed. It appears NSAV is ready to roll something out when this last batch of CD's are done. If like the CEO anticipated/hoped the last $50k will "blow that out in a few days", then expect a PR on NSAV soon thereafter.