#AppSwarm and #SinglePoint
(OTC: $SING) Finalize Plans for #Cannabis and #Bitcoin Focused #Applications
and #Technology
TUSLA,
Okla. - November 29, 2017 (Investorideas.com Newswire) AppSwarm, Inc. (SWRM)
("the Company") A technology company specializing in the accelerated
development and publishing of mobile apps has completed development plans with
SinglePoint (OTC:SING) to conduct a shared roll-out of mobile
applications specifically geared to solve issues in the cannabis space using
the Blockchain technology and Bitcoin payment options. The applications and
tech will be modelled and marketed under SinglePoint's SingleSeed subsidiary (www.SingleSeed.com), while AppSwarm (www.app-swarm.com) will provide the
necessary technical support and application development. The venture calls for
a 50/50 revenue share on all products to be deployed.
The
Crypto and cannabis market is in need for technology solutions that can advance
productivity and do it safely. AppSwarm and SinglePoint intend to develop
mobile applications that address these needs by creating a system that allows a
business to see what is going on in the market around them. The mobile apps and
tech created will also modernize the consumer experience by adding in
SinglePoint's payment features, as well as a multitude of other functionalities
that are currently proprietary to AppSwarm.
"This
JV with SinglePoint allows them unfettered access to all of the technology we
currently have in-house, as well as what we are and will be developing in the
near future. With the Crypto space expanding at mind-boggling speed it only
makes sense to be partnering with such a prestigious industry leader in
SinglePoint," stated AppSwarm CEO Ron Brewer.
SinglePoint
and AppSwarm plan to launch the first application mid-January 2018 as well as
release additional applications shortly after the initial launch. The first
application will provide a base for additional applications and will be a
service-based application for the business-to-business (B2B) and
business-to-consumer (B2C) markets.
The
cryptocurrency market cap has reached $300 billion, according to marketcap.com,
with gains in many of the major currencies, particularly as Bitcoin price has
jumped over $9,500. The market cap has been driven by a number of factors, but
Bitcoin continues to maintain a 53 percent dominance in the total cap.
The
market cap surge has been spurred on by a huge jump in the value of Bitcoin, but other coins have also had excellent
weeks. Ethereumand Litecoin had
particularly strong weeks, with Ethereum posting an all-time high and other
altcoins like Monero, IOTA, and Dash all had a
strong showing as well.
The
cannabis market is projected to reach $50 billion by 2025. Currently, cannabis
is legal in 29 states and the District of Columbia. These mobile applications
will be available for use in all states. As new states legalize, the companies
will look to grow alongside the new states opening to legalized cannabis sales.
SinglePoint
CEO Greg Lambrecht states, "We are excited to be working with AppSwarm on
our proposed solutions. What they have shown us they have in-house supports
what we are looking to roll out into the industry. We will work with what they
have and continue to build new applications to add value. This is really a
win-win partnership for both teams as they have great technology and we have
capital to roll out a national campaign to quickly start driving positive
revenue for both companies."
About AppSwarm
We
develop and publish mobile gaming and business apps, with a focus on
accelerating the development of free to play mobile games and fast-track them
to market. We partner with game and business developers through joint ventures,
royalty agreements, marketing partnerships, and outright purchases through our
publicly-traded company on the OTC Markets, ticker SWRM.
For
more information, visit us at www.app-swarm.com, or follow us on facebook.com/AppSwarm or
Twitter twitter.com/AppSwarm
About SinglePoint
Inc.
SinglePoint,
Inc. (SING) has grown from a full-service mobile technology provider to a
publicly traded holding company. Through diversification into horizontal
markets, SinglePoint is building its portfolio by acquiring an interest in
undervalued subsidiaries, thereby providing a rich, diversified holding base.
Through its subsidiary company SingleSeed the company is providing products and
services to the cannabis industry.
Disclosures
"Safe
Harbor" statement under the Private Securities Litigation Reform Act of
1995: This press release may contain forward-looking statements that are
subject to risk and uncertainties including, but not limited to, the impact of
competitive products, product demand, market acceptance risks, fluctuations in
operating results, political risk and other risks detailed from time to time in
the Company's filings with OTCMarkets.com and as required to the Securities and
Exchange Commission. These risks could cause SWRM's actual results to differ
materially from those expressed in any forward-looking statements made by, or
on behalf of, the Company.
Investor and Media Contacts:
Communications Contact:
NetworkNewsWire
(NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Contact:
SinglePoint,
Inc.
Greg Lambrecht
602.481.1544
Greg Lambrecht
602.481.1544
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