NSAV Reports Strong First Quarter 2024 Financial Results
London, United Kingdom, 16th May 2024 – Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, announced today significant financial and operational achievements for the first quarter ended March 31, 2024, as filed with OTC Markets.
First Quarter 2024 Financial Highlights:
• Revenue: Revenue reached $204,800,262 million, marking an increase of 837% compared to the fourth quarter of 2023.
• Intangible Assets: Intangible assets rose significantly to $204,800,262 million, or $0.0327 per share.
Operational Highlights:
• Product Innovations: Launched Airdropx.co and expanded offerings on https://nsavx.com. Introduced the NSAVx V1 ERC-20 token.
• Market Expansion: Began integration of onramp/offramp services for the exchange and credit card onramp capabilities for the platform.
• Regulatory Compliance: Successfully registered with FINCEN as well made application with Lithuania, Singapore, Dubai and Ireland. The company also made registration as a Money Transmitter with the State of Colorado. The licenses and Money Transmitter registration are under various stages of the review process and we expect then to be awarded in the second quarter of 2024.
• User Growth: The user base of NSAVx.com grew to 618,496 as of May 15, 2024.
Second Quarter 2024 Outlook and Objectives:
• Revenue Goals: With the full functionality of the onramp/offramp on the exchange, the company plans to strategically convert a fixed percentage of digital assets monthly to support operations.
• Growth in Intangible Assets: Targeting an increase in intangible assets to between $500 million and $750 million.
• Technology Development: Plans to launch NSAVPay.com, integrating payment options for consumers and merchants directly from their NSAVx.com wallets.
NSAV released the following statement, “Our impressive performance in the first quarter is a testament to our strategic focus and commitment to establishing a leadership position in the global digital asset market,” said NSAV management. “We are poised for continued expansion and innovation in the coming quarters.”
NSAV’s vision is the establishment of a fully integrated technology company, which 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, financial services, advisory services and information technology.
For further information please contact NSAV at info@nsavholdinginc.com
The NSAV Centralized Cryptocurrency Exchange (CEX) website can be accessed at https://nsavx.com/
The AirdropX.co website can be accessed at https://www.airdropx.co/
The NSAVx Token website can be accessed at https://www.nsavxtoken.com/nsavx-token
The NSAVx Discord Server can be accessed at https://discord.com/invite/7Q2Vv5NmKd
The NSAV Twitter account can be accessed at https://twitter.com/nsav_tech
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.
Media Contact
Organization: Net Savings Link Inc
Contact Person: James Tilton
Website: https://www.nsavholdinginc.com
Email: info@nsavholdinginc.com
Contact Number: +17185698815
Address: 26 Grosvenor Street, Mayfair
Address 2: W1K4QW
City: London
Country: United Kingdom
Release Id: 16052412184
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