PORT JEFFERSON, NY / ACCESSWIRE / April 15, 2015 / Net Savings Link, Inc. (OTC: Pink: Symbol NSAV) today has announced through its CEO, Steven Baritz, the fully executed Memorandum of Understanding (MOU) to finalize the terms of the expected closing of the acquisition that was referenced in our April 2, 2015 public announcement. Mr. Baritz commented, "As previously announced, we are on target to close on the acquisition of a California firm that is one of the premier developers of a Point of Sale ( POS ) , traceability, and marketing system that will be providing essential servicing to an emerging market space that is one of the fastest and largest growing retail and delivery industries in he the U.S."[color=red]ADDED This emerging market is currently reporting more than $3.5 billion in annual sales, and is projected to grow by 19% year over year through 2020. Projections beyond that point are still being formulated. [/color]
Mr. Baritz elaborated further, "The targeted firm is currently producing regular monthly revenue that is growing incrementally, and additionally, features multiple product platforms that all have their own independent revenue models. Each of these product platforms work synergistically with each other, and will allow business expansion via cross marketing to the client/customer base, as each of the products work seamlessly with each other with cross dependency in some instances. In our previous public announcement, we had expected to close on the acquisition by April 15, but auditing delays due to the higher than anticipated workflow by the auditors, have necessitated a slight adjustment on our initial expectations. Barring any unforeseen events, we now expect to close by April 20th in tandem with our required SEC 10Q filing, and the closing may be referenced in the 10Q, depending on timing."
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