London, England, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the company has entered into a definitive agreement to acquire a significant minority stake in Singapore based Technicorum Holdings www.technicorum.com , a global investment and compliance company and further expanding into the $163 billion annual global blockchain market. Under the terms of the agreement, NSAV will acquire a 5% stake in Technicorum Holdings, with an option for an additional stake, putting Technicorum Holdings at a post-money valuation of $120 million. Technicorum Holdings, a group specializing in digital assets, is poised to enable NSAV to become more deeply entrenched in the blockchain industry. With expertise in ICO’s, IEO’s and IDO’s, and over the past year, into DeFi and NFT’s, as well as recently, GameFi, SocialFi, and the Metaverse, this partnership is a great enabler for both NSAV as well as Technicorum.
Earlier this month, NSAV announced a strategic business partnership with Technicorum Holdings, which will allow both companies to complement each other’s strength and technical capabilities. The partnership aims to better solve existing challenges in the newly developing industries and to create new opportunities within the growing decentralized financial market. This partnership will accelerate the revenue growth of both companies while strengthening their positions as leading digital asset providers and thought leaders in the decentralized financial market and cryptocurrency space.
DeFi has grown to over $200 billion in the past 5 years, GameFi is all the rage now, and most SocialFi projects are seeing dozens or hundreds of multiples recently. Published reports also predict that the global Metaverse market will gain a 13.1% yearly growth rate reaching $783.3 billion annually by 2024 from $478.7 billion in 2020.
Malcolm Tan, Chief Strategic Advisor of Technicorum stated, "Technicorum Holdings will continue to identify innovative approaches to partnerships that enable us to stay at the forefront in the decentralized finance, blockchain and metaverse industries.” Malcolm also added, "Our partnership with NSAV is an efficient way to strengthen our presence in the fast-growing and attractive digital asset market. The decision for this partnership also brings financial strength to our company and supports our expansion strategies to a broader market along with our subsidiary companies. I would very much like to thank the Silverbear Capital team as well for their professional work and support."
Dato' Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “This marks another milestone for NSAV and I think this is a very strong relationship and will benefit both companies to excel together into the blockchain world.”
Stanley Yu, Senior Vice President of Technology for NSAV stated, “These are truly exciting times for both NSAV and Technicorum. We cannot wait for 2022 to come and start working on this venture with the Technicorum team.”
About Technicorum Holdings:
Technicorum Holdings is a global investment and compliance company headquartered in Singapore. The Technicorum Group's portfolio spans a broad spectrum of services in the digital asset space with full solution capabilities to launch and incubate projects through its subsidiaries. Technicorum Holdings is responsible for the provision of regulatory compliance services, programs, and communications for its portfolio companies and clients. Technicorum Holdings delivers action plans and support for businesses to meet the regulatory obligations and expectations of respective jurisdictions in the field of compliance.
Technicorum Holdings comprises multiple subsidiaries, several of which are regulated, and specialize in various industries in the field of digital assets, DeFi, GameFi, SocialFi, the Metaverse, etc. and its wholly-owned subsidiary, Gravitas International Associates PTE. Ltd. http://gravitasint.com/ , which is primarily responsible for the KingSwap https://www.kingswap.io/ project and has numerous projects and clients, including over 100 ICOs, IEOs, IDOs and STOs completed over the last 4 years.
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 email@example.com
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
The NSAV Decentralized Cryptocurrency Exchange (DEX) website can be accessed at https://nsavdex.org/#/home
The NSAVDEX Telegram account can be accessed at https://t.me/NSAVDEXorg
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
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.
Net Savings Link, Inc.
- $NSAV - NSAV TO ACQUIRE MINORITY STAKE IN TECHNICORUM HOLDINGS
- $NSAV - NSAV TO ACQUIRE MINORITY STAKE IN TECHNICORUM HOLDINGS