SEATTLE (May 03, 2017) (Investorideas.com
Newswire) SinglePoint, Inc. (OTC:
SING), a holding company specialized in the acquisition of small to
mid-sized companies with an emphasis on new technologies, today issues an update on current and future
initiatives to maximize corporate value and increase shareholder communication.
SinglePoint recently enhanced its corporate
website, www.SinglePoint.com, to provide investors a clear view of the company’s
endeavors and market value. SinglePoint.com is designed to increase shareholder
value by driving more engagement for potentinal acquisitions and sales for the
acquired companies. Investors can sign up for updates by visiting http://ir.singlepoint.com/email-alerts, and can access the latest research report on SinglePoint at
LAdavisandassociates.com
Through online marketing and key partnerships,
SinglePoint plans to execute its growth strategy to drive revenues through
acquisitions and utilize inside sales efforts to maintain a low overhead.
Greg Lambrecht, SinglePoint CEO,
states, “This is an exciting time for SinglePoint. We continue to increase
value for our shareholders by focusing on acquisitions while strengthening
inside sales and fund raising. We expect 2017 to be a great year for
SinglePoint and look forward to providing additional updates on future
acquisition targets, joint ventures, and new products.”
SinglePoint also launched its cannabis
brand subsidiary, www.SingleSeed.com, for the online sale of cannabis products to cannabis
dispensaries. To increase its visibility, SingleSeed.com also provides a list
of upcoming tradeshows it will attend and offers an interactive Cannabis Laws Map to serve as a hub of information on cannabis laws in each
state. Leveraging key distribution agreements and a highly-integrated marketing
plan, SingleSeed is expected to drive significant sales this year.
“The long-term vision is to build SingleSeed.com
into a market-place for dispensaries to buy the products they need to do
business,” says Lambrecht. “SingleSeed will also provide consulting services to
cannabis businesses who need help gaining traction and success in their
strategies.”
SinglePoint is currently in
negotiations for more acquisition in the cannabis space, a market expected to
reach $24.5 billion by the year 2025. The company recently funded Convectium,
the developer of a unique oil filling machine and a leader in the cannabis
market space. Convectium sells a line of products on its website, www.Convectium.com,
and sells its industry leading machines at 710shark.com. The machine will soon be available on
SingleSeed.com as well.
“We are pleased to provide these
updates to our shareholders, and look forward to announcing progress on
additional initiatives such as acquisitions, development of mobile
applications, and additional payment processing options,” says Lambrecht. “We
have built a foundation of growth for 2017 and look forward to watching it take
root.”
Previously Greg Lambrecht, as the
founder and largest shareholder, took PCI, a distribution company to the NASDAQ
on a $10,000,000 IPO. His distribution experience is a major competitive advantage
to place the company’s products in stores throughout the
nation.
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.
Forward-Looking
Statements
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical
complications, which may arise, could prevent the prompt implementation of any
strategically significant plan(s) outlined above. The Company undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.
Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544
Marijuana / Hemp Stocks
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