Net Savings Link Inc. (OTC: NSAV) Stock Soars 35%: Here is Why

As interest in the cryptocurrency space continues to grow, there is expected to be considerable interest in listed companies involved in the sector. The cryptocurrency, blockchain, and digital asset technology firm Net Savings Link Inc. (OTC: NSAV) came into focus this past Friday after it announced that had been turned into a fully owned subsidiary unit. The move had gone into effect on May 7, 2024.

In the news release, the company announced that had been incorporated with 100,000 shares of common stock that had been authorized at zero par value. The entity was registered in Wyoming. The company further noted that the incorporation had been affected in order to hold both domestic and international exchange assets. Additionally, the incorporation also made possible the potential for a future spin-off, which would provide the Net Savings Link shareholders with a special dividend.

The company also made an announcement with regards to the preliminary results from its joint marketing campaign with (MADA). The campaign had commenced on May 8. It was noted that MADA commanded a membership base of more than 8,000,000, and through the campaign, Net Savings Link aimed to add those members to its CEX exchange. The company revealed that since the launch of the campaign, it had been sending out in excess of 1,000,000 emails a day to members of MADA.

The company noted that as of May 10, more than 2,000,000 emails had been sent, and out of those 641,000 that had been opened, 263,000 had generated clicks, and the number of new exchange sign-ups stood at 71863 in the end. That brought the total number of users on the exchange to 108983. Net Savings Link noted that prior to the start of the campaign, the exchange had only been generating just shy of 3000 sign-ups a day.