PORT JEFFERSON, NY / ACCESSWIRE / May 26, 2015 / Net Savings Link, Inc. (PINKSHEETS: NSAV) today has provided details through its CEO, Steven Baritz, on an immediate change in its management, effective immediately.
"Effective immediately, NSAV announces the termination of David Pecoraro, and he is no longer authorized to act, speak, or write in any capacity whatsoever on behalf of Net Savings Link, Inc., or on any of NSAV's wholly owned subsidiaries, including Pyrotree, Inc.," said NSAV's CEO, Steven Baritz. Mr. Baritz continued, "Mr. Pecoraro's business philosophy and personal demeanor became incongruous, insubordinate, and antagonistic with the stated objectives, team members, and development of NSAV and Pyrotree's growth paradigm, and he no longer retained the continued confidence of any of the directors of Pyrotree." "It should be noted," said Baritz, "that this decision was a collective decision that took place over several days between all of the Pyrotree Directors and the CEO of NSAV, and the decision to terminate Mr. Pecoraro was a unanimous one."
In a joint statement, the directors of Pyrotree Inc. ,Christopher Dell'Olio, Hilart Abrahamian, and Billy Bateman, said, "As a result of an ongoing disagreement and conflict between Mr. Pecoraro's personal demeanor and business ideology with the rest of the executive and management team of NSAV and Pyrotree, his continued presence created a tenuous environment that became counterproductive, and he effectively lost the complete support of the entire management team of Pyrotree, and can no longer function effectively in his role, or any other role within NSAV or Pyrotree, Inc."
Mr. Baritz continued, "It should be noted that Mr. Pecoraro's dismissal will not have any deleterious or adverse effect on any previously released public announcements of the expected timelines or growth trajectories of NSAV or Pyrotree, Inc. , or any of Pyrotree's product lines or developments, including WebJoint, and Pinjoint, and daily progress is still ongoing and underway with those product channels, along with other product channels that are also in development, which will be announced in subsequent public releases when it is appropriate to do so." For any shareholder or investor relations questions or comments, please feel free to contact us at IR@Pyrotree.com.
About Net Savings Link, Inc.
Net Savings Link, Inc. owns and operates a wholly owned subsidiary, PyroTree, Inc., a software firm that provides tracking and traceability software that incorporates the use of proprietary Radio Frequency Identification (RFID) technology, along with customized website designs and a fully integrated "seed to sell" point of sale (POS) platform for the growers, distributors, collectives, vendors, retail establishments, and patients in the medicinal and recreational cannabis space in the States where it has been legalized. People interested in learning more about Pyrotree, Inc. should check back with the company at its website, www.Pyrotree.com.
DISCLAIMER: This Press Release may contain certain forward-looking statements. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.
Investor Relations Contact:
Email: IR@Pyrotree.com
SOURCE: Net Savings Link, Inc.