SinglePoint(TM), Inc. Launches Initiative to Become Fully-Reporting Company; Harvests Aggressive Expansion Into Medical Marijuana Sector
PHOENIX, AZ -- (Marketwired) -- 03/25/14 --
Singlepoint, Inc. (OTC: SING), a state-of-the-art mobile technology company and full-service mobile marketing company, is proud to notify shareholders that it has launched initiatives to file a registration statement with the SEC to become a fully reporting company trading on the OTCQB®. The OTCQB has replaced the Financial Industry Regulatory Authority (FINRA)-operated OTC Bulletin Board (OTCBB) as the main market for trading OTC securities that report to a U.S. regulator.
The move comes in the wake of the Company continuing its financing and expansion initiatives for access to the multi-billion dollar Cannabis and Medical Marijuana markets. To date, the company has achieved a significant capital raise toward effective, strategic market penetration in bringing its payment solutions IP as a go-to for growers, dispensaries and consumers alike.
"The entire team is thrilled with our recent successes," states CEO, Greg Lambrecht. "Our annual revenues were in excess of $1M in 2013 and our business continues to grow, servicing a diverse base of market sectors. It's time to take SinglePoint to the next level, and registering with the SEC will be a step in the right direction toward our overall goals to position our Company as a dominant force in an ever-growing industry. We are confident that becoming a reporting company with the SEC will provide benefits to the Company and our shareholders in terms of transparency, investor confidence and overall long-term growth potential."
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About SinglePoint™, Inc.
Headquartered in Phoenix, AZ, Singlepoint™, Inc. is a state-of-the-art mobile technology company and full-service mobile marketing agency. We operate a best-in-class mobile commerce and communication platform specifically designed to serve the needs of the non-profit community as well as the for profit companies. We make any campaign instantly interactive via the mobile phone. This functionality allows our clients to conduct business transactions, accept donations and engage in targeted communication campaigns with their customers/donors through any mobile devices. Send more messages, create more awareness, and raise revenues and donations.
For more information see www.singlepoint.com
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.
Source: SinglePoint, Inc.
Released March 25, 2014