Resort Savers gets $2 million investment, issues 28.71 million shares

Investment paid toward subsidiary’s purchase of stake in Worx America

By Angela McDaniels

Tacoma, Wash., March 9 – Resort Savers, Inc. received a $2 million investment in the form of cash and securities, and the company issued 28,708,315 shares of common stock to the investors on March 4.

At Friday’s closing share price of $0.55 (OTCBB: RSSV), those shares would be worth $15.79 million.

The shares were issued in consideration of investments made in the company by and through subsidiary Xing Rui International Investment Holding Group, Co., according to a 6-K filing with the Securities and Exchange Commission.

The $2 million of cash and securities was paid directly by the investors towards Xing Rui’s investment in a 20% stake in Worx America, Inc., a Houston-based research and development company.

Shenzhen, China-based Resort Savers makes investments and acquisitions. In China, it has invested in petroleum industry technology companies. In Europe and elsewhere, the company is seeking to acquire and invest in tourist and development assets.

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