To: All Shareholders and Token Holders of Net Savings Link, Inc.(OTC: NSAV)
From: NSAV Management
Date: May 16, 2024
Subject: Embracing Crypto for Revenue Booking
Dear Valued Shareholders,
We are excited to share a significant shift in our financial strategy that underscores our commitment to the future of finance and our belief in the transformative power of cryptocurrency. This memo outlines our decision to book our revenue in cryptocurrency rather than cash.
Why We Book Revenue in Crypto
1. Alignment with Industry Values
As a cryptocurrency exchange, it is imperative that we align our financial practices with the core values and principles of the industry we serve. By booking revenue in cryptocurrency, we are demonstrating our confidence in the stability and growth potential of digital assets. As we near completion of onramp/offramp, merging the use of cryptocurrencies with the global banking markets, will become seamless for both the Company and our users.
2. Enhanced Security and Transparency
Cryptocurrencies operate on blockchain technology, which offers unparalleled security and transparency. Each transaction is recorded on an immutable ledger, providing a clear, traceable record that enhances financial integrity and reduces the risk of fraud.
3. Cost Efficiency
Traditional banking systems often involve high transaction fees, especially for international payments. Cryptocurrencies can significantly reduce these costs, allowing us to allocate resources more efficiently and improve our bottom line.
As we continue to develop proprietary technologies on the blockchain, and integrate existing advancements in crypto, a decentralized economic future becomes more of a reality and with mass adoption of products like Bitcoin, USDT, and other forms of payment, any conversion to fiat becomes less desirable.
4. Global Reach
Cryptocurrencies facilitate seamless cross-border transactions, enabling us to engage with a global client base without the complications of currency conversion and international banking regulations. This positions us to expand our market reach and engage with diverse stakeholders worldwide.
NSAV Corporate Updates
1. OTC Markets Yield Sign
Effective May 15, 2024, the yield sign applied by OTC Markets has been removed and NSAV is back to Pink Current Information.
2. Filing NSAV Q1 2024 Financials
As previously stated, our Q1 Financials were filed with OTC Markets, establishing our new policy of filing our financials on a timely manner. Our Q1 revenue recognition was $204,800,262, up 837% from our previous quarter or .0327 or .0327 per share.
Conclusion
As we move forward with these initiatives, I want to express my gratitude for your continued dedication and support. Embracing cryptocurrency for our revenue and vendor payments is a bold step that aligns with our mission to be a leader in the digital asset space. I am confident that this strategy will drive growth, enhance security, and position us for long-term success.
Thank you for your commitment to Net Savings Link, Inc. Together, we are paving the way for a brighter, more innovative future in the world of finance.
Best regards,
NSAV ManagementNet Savings Link, Inc.
NSAV and NSAVx
Forward-Looking Statements
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.
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