Net Savings Link Secures Immediate $75,000 Bridge Financing Combined With $20,000,000 Equity Purchase Agreement
(firmenpresse) - CLEARWATER, FL -- (Marketwire) -- 03/27/12 -- (OTCBB: NSAV), a company in the business of providing businesses, organizations and networks with a menu of incentives to increase sales, including electronically deliverable incentives, and company branded incentive certificates that can be delivered from company private labeled websites, announced today the completion of a $75,000 Bridge Financing and $20,000,000 Equity Purchase Agreement.
"We are extremely pleased to have completed a major funding arrangement with Southridge Partners II, LP," announced David Saltrelli, CEO, "particularly since it provides for immediate availability of bridge funds as the mechanics of the completed Equity Purchase Agreement are implemented."
Southridge is a diversified financial holding company that has made direct investments of over $1.7 billion into growth companies globally, including 250 public companies, since 1996.
"With the availability of this level of funding, it clearly empowers Net Savings Link to accelerate the implementation of all phases of its business plan, including our National Advertising Campaign that will not only create awareness of our high impact capabilities in the business markets, but in the mass markets of end user families as well, who can avail themselves of our formidable savings benefits on everyday expenses."
"The ability to now 'put the word out,' combined with our significantly enhanced level of website offerings, and growing list of business customers and associated additional revenue streams, puts us on an accelerated growth track," added Saltrelli.
Specific terms of both funding facilities were released in Form 8-K yesterday.
Statements included in this update that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC.
Contact:
Net Savings Link, Inc.
David Saltrelli
CEO
727-442-2600
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Datum: 27.03.2012 - 09:57 Uhr
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