Net Savings Link completes $50,000 placement of 8% convertible note

Convertible promissory note due 2013 purchased by Asher Enterprises

By Devika Patel

Knoxville, Tenn., June 13 - Net Savings Link, Inc. sold a $50,000 convertible promissory note to Asher Enterprises, Inc. on June 4, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The 8% note is due March 6, 2013 and may be converted into common shares at a 42% discount to the market price. It may be prepaid at a premium.

Net Savings is a Clearwater, Fla., online provider of discount offers and savings opportunities.

Issuer:	Net Savings Link, Inc.
Issue:	Convertible promissory note
Amount:	$50,000
Maturity:	March 6, 2013
Coupon:	8%
Conversion price:	A 42% discount to the market price
Warrants:	No
Investor:	Asher Enterprises, Inc.
Settlement date:	June 4
Stock symbol:	OTCBB: NSAV
Stock price:	$0.01 at close June 1
Market capitalization:	$4.04 million

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