NSAV ANNOUNCES PLANS TO LAUNCH DECENTRALIZED CRYPTOCURRENCY EXCHANGE (DEX) WITHIN 45 TO 60 DAYS
16 August 2021 - 3:20PM
InvestorsHub NewsWire
NSAV
ANNOUNCES PLANS TO
LAUNCH DECENTRALIZED
CRYPTOCURRENCY EXCHANGE (DEX) WITHIN 45 TO 60
DAYS
NSAV APPOINTS FORMER IBM AND SUN MICROSYSTEM'S MR.
STANLEY YU, SENIOR VICE PRESIDENT OF TECHNOLOGY
London, England -- August 16, 2021 -- InvestorsHub
NewsWire -- Net Savings Link, Inc. (OTC
PINK: NSAV), a cryptocurrency, blockchain and digital asset
technology company, today announced that it plans to launch a
Decentralized Cryptocurrency Exchange (DEX) and have it fully
operational and trading within the next 45 to 60 days. As with its
Centralized Cryptocurrency Exchange (www.nsavexchange.com), the Company will own
100% of the exchange and it will also carry the NSAV brand name.
With the launch of its DEX, this would give NSAV two cryptocurrency
exchanges. The new management of NSAV believes that this move is
the fastest and most efficient way for the Company to have a fully
operational cryptocurrency exchange and obtain a share of the over
$2 trillion global cryptocurrency market.
As previously announced, the Company anticipates
having its NSAV Centralized Cryptocurrency Exchange trading within
90 days, subject to legal, regulatory and licensing issues. The
Company's cryptocurrency and blockchain attorney will ensure that
NSAV fully complies with regulations implemented by the U.S.
Congress and the SEC.
NSAV also announced that it is in negotiations on
several Artificial Intelligence (AI) projects. The management
believes in the chemistry between blockchain and AI and to that
end, has onboarded a new Senior Vice President of Technology,
Stanley Yu, in order to bolster its technology department. Stanley
has over 30 years of senior corporate management experience.
Stanley spent 10 years in senior technical and management roles at
IBM research labs and SUN Microsystems. Stanley is also a partner
at leading investment banking firm Silverbear Capital
Inc.
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/ , a
leading, global investment banking firm, will be advising NSAV on
strategic matters relating to the Company's cryptocurrency
exchanges. Silverbear will also help guide NSAV in ensuring that
its exchange is continually in compliance, given the rapidly
increasing regulatory environment in the cryptocurrency
industry.
Silverbear Capital Inc. (SBC) has a dynamic of
disciplines on a broad commercial level and practice. SBC has a
strong group of Partners in a wide range of disciplines with
seasoned experience in finance, management, and professional
practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.
Disclaimer: Silverbear Capital Inc. does not
constitute investment advice, or an offer or solicitation to sell,
or a solicitation to buy, or any other investment product (nor
shall any such shares or product be offered or sold to any person)
in any jurisdiction in which an offer, solicitation, purchase or
sale would be unlawful under the securities law of that
jurisdiction.
Stanley Yu, Senior Vice President of Technology
stated, "I am truly pleased and honored to be part of the NSAV
team. The AI industry is growing at such a rapid pace. According to
the latest research, the global AI market is estimated at USD 62.35
billion in 2020 and is expected to reach USD 93.53 billion in 2021.
The global AI market is expected to grow at a compound annual
growth rate (CAGR) of 40.2% from 2021 to 2028 to reach USD 997.77
billion by 2028. NSAV is poised and ready to enter the AI arena and
believes this move will enhance shareholders
value."
Mr. Dato' Sri Desmond Lim, Interim CEO and Senior
Vice President of Cryptocurrency Operations for NSAV and Silverbear
Capital partner stated, "I am thrilled to welcome Stanley to the
team. His presence will no doubt add weight and expertise to the
technical side of NSAV and be of great benefit to the AI projects
that the Company is currently working
on."
NSAV's vision is the establishment of a fully
integrated technology company that 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, advisory services,
financial services and information
technology.
For further information please contact NSAV at
info@nsavholdinginc.com
The NSAV Twitter account can be accessed at
https://twitter.com/nsavtech
The NSAV corporate website can be accessed at
http://nsavholdinginc.com
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.
info@nsavholdinginc.com
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