LAS VEGAS, NV / ACCESSWIRE / June 9, 2015 / Net Savings Link, Inc. (PINKSHEETS: NSAV) today has provided details on business development updates and progress on its recent acquisition, Pyrotree, Inc.
In a statement issued through Steven Baritz, the CEO of NSAV, the following information was provided: "NSAV has been engaged in debt reduction talks with the holders of our outstanding convertible debt instruments, and we are pleased to report that those talks have been successful. We collaborated with our consulting firm, JJMJ consulting, LLC on that negotiation, and their professional assistance was welcomed." Baritz continued, "The holders of those debt instruments have agreed in writing to an elimination of 100% of the premium cost of those instruments, based on a structured timetable. The reduction of the premium cost may result in a savings in excess of $120,000, and we are actively pursuing various venues and strategies to assist us in meeting that objective."
NSAV also provided updated information on the customer development metric of Pyrotree's primary asset, Webjoint. In a statement issued through Pyrotree's Vice President, Hilart Abrahamian, the following update was provided: "Pyrotree is pleased to report that the revenue that was generated during the month of May, 2015 was a milestone event for us, in that our revenue from our primary product, Webjoint, posted revenue gains in excess of 100% from the previous month." In a related statement, Mr. Abrahamian continued, "Pyrotree is pleased to report that in the past 45 days, it has more than doubled the number of clients that have enrolled in Webjoint." Mr. Abrahamian continued, "We increased the number of clients from 188, as previously reported, to 403 clients, as of yesterday's close of business. This is a clear indication of the strength and popularity of our product platform within our industry space, and our projections for future business development and increased revenue generation are expanding, and we remain optimistic on our short term and intermediate expectations."
The President of Pyrotree, Chris Dell'Olio, also provided additional commentary, as follows: "In light of the apparent positive reception that we seem to be experiencing thus far with Webjoint, we will be hiring additional sales staff to service the increasing capacity of our client base. We are currently interviewing several candidates, and we expect to make some hiring decisions within the next few weeks." Mr. Dell'Olio also provided additional commentary with respect to revenue development: "We are experiencing a steady and incremental increase in revenue since our acquisition by NSAV, and so far, we have not had a subsequent week that produced revenue that was less than any preceeding week. We are hopeful that this trend will continue, and updates will be released when applicable."
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.