SinglePoint, Inc. Provides Update on Corporate Audit and Advancement to OTCQB
SEATTLE, WA / ACCESSWIRE / September 19, 2016 / SinglePoint, Inc. (OTC: SING), a full-service mobile technology and marketing provider, today announces it is in the final preparations of its corporate audit needed to become a fully reporting corporation and uplist its common stock to the OTCQB® Venture Market Place.
Once the audit is complete, which could be as early as next week, SinglePoint will file Form 10 with the U.S. Securities and Exchange Commission and become a fully reporting company. Upon acceptance by the SEC, the Company plans to complete its process of uplisting to the OTCQB within 60 days.
"We have diligently worked alongside MaloneBailey to prepare this audit and increase SinglePoint's corporate and shareholder value," stated CEO Greg Lambrecht. "Not only will the completion of these efforts provide us better financing options and allow institutional investors to invest directly on the open market, it also correlates with our M&A strategy. Additionally, as an OTCQB-listed company we expect to see greater liquidity, as well as brand awareness among the investment community."
About SinglePoint, Inc.
SinglePoint, Inc. is a full-service mobile technology and marketing provider. We provide solutions that allow our clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices. Our products connect small to mid-size companies to their target markets by providing innovative mobile technology at reasonable rates. SinglePoint recognized the strength in acquiring interest in undervalued subsidiaries in other markets, such as Daily Fantasy Sports, to create a diversified holding base. For more information visit www.SinglePoint.com. Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint, and www.linkedin.com/company/SinglePoint.
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.
Released September 19, 2016