Net Savings Link Inc (OTCMKTS:NSAV) disclosed through its Chief Executive, Steven Baritz, the details of the new segments that the company is implementing after recent closing of the Pyrotree, Inc. acquisition last week. Pyrotree team is now a wholly owned subsidiary of Net Savings.
The policy statement
Mr. Baritz provided the policy statement in respect to the specific business intend of the company, and particularly the areas that they will avoid due to permanent corporate policy. The CEO said that Pyrotree and Net Savings are participating in the medical and recreational cannabis space solely as a business solution software company. The products will offer complete POS functionality, enhanced with traceability, tracking, and payment offerings for the business community within the market that cultivates, distributes, markets, and/or offers the cannabis derived products.
Pyrotree and Net Savings will not under any circumstances will be related to the actual cultivation, stocking, manufacturing, distribution, formulation, buying, reselling, selling, or touching of the physical cannabis crop, or any chemical or product whatsoever that results from the manufacturing or production process of the cannabis crop. The company will not be ‘touching’ the cannabis crop in any way whatsoever. Their business will be solely operated as a hardware and software business solution provider.
The management team
Mr. Baritz said that he always believed in the power of workforce. One of the main considerations that Net Savings assessed during the due diligence process performed during the acquisition was the strengths of the executive management team. The company is fortunate to have bought the dedicated and experienced brain trust within Pyrotree executive management team. The new team possesses the full support and confidence of company. The management considers them as the turbocharged engine of the latest ship. In last trading session, the stock price of NSAV closed at $0.00040 on share volume of 47.12 million.