CRESCO, PA -- (Marketwired) -- 08/18/17 -- NSAV Holding, Inc. (OTC: NSAV), announced today that the record date for its recently declared stock dividend of 20% of its subsidiary, Hemp Beer Inc. has been changed to August 30, 2017 from the previously announced date of August 22, 2017. The change assures the dividend record date is consistent with FINRA notice requirements. The dividend payment date has been changed to September 13, 2017 from the previously announced date of September 5, 2017 accordingly. The ex-dividend date, which was to be today, August 18, 2017 will August 28, 2017.
Following the spin-off, Hemp Beer Inc. will become a separate publicly traded company. NSAV will spin-off 20% of Hemp Beer Inc. to its shareholders, who will be awarded with a share dividend based upon their holdings of NSAV on the record date. Shareholders will receive approximately one share of Hemp Beer Inc. common stock for every 17 shares of NSAV common stock that they hold on the record date.
James Tilton, president of NSAV stated, "My sincere apologies to all NSAV shareholders for the change of the dividend record date. Spin-off's of this kind are extremely complex, even more so than a normal dividend. Rest assured, everything is in order and the Company plans to file the required notification form with FINRA on Monday.
Mr. Tilton, went on to state, " Hemp Beer Inc. will be a separate public company with its own ticker symbol and all NSAV shareholders will truly reap the benefits."
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 firstname.lastname@example.org
The NSAV corporate email address is email@example.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 NSAV Holding, Inc. to accomplish its stated plan of business. NSAV Holding, 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 NSAV Holding, Inc. or any other person.
TEN Associates LLC
1 (480) 326-8577