SinglePoint (OTC: $SING)
Successfully Completes Audit and Starts Process to File Form 10 In Route to
Become Fully Reporting
SEATTLE,
WA - April 17, 2018 (Investorideas.com Newswire) SinglePoint (OTC:SING) is pleased to
announce the finalization and successful completion of PCAOB corporate audit.
SinglePoint has been working side by side with Turner Stone and Company in
order to complete the 2016 and 2017 corporate audit and will now take the necessary
steps to become fully reporting by filing a Form 10.
Completion
of the corporate audit and filing a Form 10 will give SinglePoint access to
raise additional capital on better terms for the company. Additionally, the
company believes this will open the doors for institutional and family offices
to invest in the open market, provide increased investor confidence and improve
shareholder value. This will provide the company the means to aggressively
continue its acquisition strategy and development of the company's blockchain
and cannabis payment solutions.
"We
as management are very excited to have completed the audit. We have already
received term sheets from potential capital partners to raise up to $20,000,000
on friendly terms. This is a major step for the company and I am very
confident, more so than ever, in the company's ability to successfully build
upon the solid infrastructure we now have. Currently there are three
acquisition targets in negotiations. We look forward to closing these deals and
continue expansion into the cannabis market," states Greg Lambrecht CEO
SinglePoint.
SinglePoint, Inc (OTC: SING) is a technology and investment company with a focus on
acquiring companies that will benefit from the injection of growth capital and
technology integration. The company portfolio includes mobile payments,
ancillary cannabis services and blockchain solutions. Through acquisitions into
horizontal markets, SinglePoint is building its portfolio by acquiring an
interest in undervalued companies, thereby providing a rich, diversified
holding base. Through its subsidiary company SingleSeed, the company is providing products and
services to the cannabis industry.
Connect
on social media at:
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.
Corporate 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
SOURCE:
SinglePoint, Inc.
Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the
420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com
SinglePoint, Inc. (OTC: SING) is a featured company on Investorideas.com
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