CRESCO, PA, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC: NSAV), a medical cannabis technology and software company, announced today that the Company has completed its acquisition of world renowned Chinese medical software company, Shanghai based Vital Strategic Research Institute (VSRI). VSRI is a medical research firm with a long history of expertise in design, clinical trials and global research. VSRI has collaborated with pharmaceutical giants such as Pfizer and Bristol-Myers Squibb.
For the fiscal year 2016, Shanghai posted a net profit of $ 165,000. U.S.D., compared to the fiscal year 2015, when Shanghai posted a net loss of $ 100,000. U.S.D. The Company attributes Shanghai's turnaround to cost cutting and improved efficiency, as it desired to enter the U.S. public markets. The Company believes that under the guidance of NSAV and its management, Shanghai's growth can accelerate to even greater levels.
VSRI has websites in both English and Chinese.
http://vital-strategic.com
Further, VSRI intends to apply for a license to test medical cannabis in China. The license will enable VSRI to test all cannabis products produced in China for THC/CBD potency, terpenoids, microbials and mycotoxins.
NSAV also announced that is has completed and submitted its application to the United States Patent and Trademark Office (USPTO) for use of the trademark, MJCoin. The Company envisions MJCoin ( www.mjcoin.com ) as a digital currency, which provides payment solutions to the legal cannabis industry. The Company is currently in talks with several exchanges and hopes to have an announcement shortly. Medical cannabis sales are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020 in the U.S. alone.
The Company also announced that negotiations with its U.S. brewery partner for Tiger Hemp Beer are progressing rapidly. The management of NSAV is currently reviewing the paperwork and will announce additional details in the coming days, including the name of the California based brewer.
NSAV also announced that due to substantial developments in recent weeks and the need to keep our shareholders fully informed, the Company is pleased to announce that we will host a conference call. Further details will be provided in the coming days.
James Tilton, president of NSAV stated, “I am thrilled that we have been able to close our first major deal. I believe that the closing of the VSRI acquisition is only the beginning and I hope all of our shareholders share my excitement.”
Mr. Tilton went on to state, “It’s hard to imagine the progress of MJCoin, given that it’s been only a week since it was formally announced. Completing and submitting our trademark application was a major milestone for the brand.”
Mr. Tilton went on to further state, “I have instructed our team to wrap up everything with our U.S brewery partner and to make sure that everyone can enjoy a refreshing bottle of Tiger Hemp Beer very soon.”
Mr. Tilton went on to further state, “I am absolutely delighted at the opportunity to host a conference call with all of our loyal shareholders and the entire investment community at large. I am also certain that you will all be equally pleased and I promise to share many exciting developments with all of you.”
NSAV's vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the legal medical cannabis and hemp industries, as well as other areas of the medical industry. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services, patents and trademarks and information technology.
For further information please contact NSAV at 1 (480) 326-8577 or tenassociates33@gmail.com
The NSAV corporate email address is info@nsavholdinginc.com
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Twitter account can be accessed at https://twitter.com/NSAV_MJTechCo
The NSAV Facebook account can be accessed at https://www.facebook.com/NSAVHolding
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.