NEW YORK, Jan. 05, 2018 (GLOBE NEWSWIRE) -- NetworkNewsAudio, via NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with SinglePoint, Inc. SinglePoint, Inc. (OTC:SING), a client of NNW focused on strengthening its position in the cannabis industry through the acquisition of, or investment in, small to mid-sized cannabis companies and in horizontal markets.
The interview can be heard at https://www.networknewswire.com/networknewsaudio/singlepoint-interview-jan-2018/
NNW’s Regina Revazova introduces Wil Ralston, president of SinglePoint, Inc., and Greg Lambrecht, company founder and CEO, who share the spotlight in an interview that provides several compelling insights into plans currently underway for an exceptional 2018 for the publicly traded company. The team begins its assessment with a quick review of 2017, noting it was a “very successful year for SinglePoint,” adding the company has achieved a $100 million market cap.
“We’re very excited about a lot of these joint ventures that we’ve done, as well as the key internal advances that we’ve made,” said Ralston. “Some of the exciting joint ventures that we’ve entered into with companies such as AppSwarm, who we’ve actually partnered with to develop a proprietary mobile app and delivery service for the cannabis business, and part of that joint venture is we’re working on a cryptocurrency exchange. We’re really excited to roll that out in 2018. We think there’s a huge need for additional exchanges.”
A collaborative project utilizing the Internet of Things (IoT) to develop an application that helps master cannabis growers keep an eye on what’s going on inside greenhouses through a mobile device is also being developed. The resulting application will be an impressive, extremely useful time saver for cannabis cultivators, Ralston added.
The recent completion by SinglePoint of its Calendar Year 2016 Audit also advances the company toward uplisting to the OTCQB market, Lambrecht said.
“The company is very strong right now, very healthy with cash in the bank and equity that is really trading well,” Lambrecht said. “So, it’s allowed us to go out and really get a lot of deal flow. The last couple of months we’ve spent quite a bit of time, quite literally looking at 20 different deal flows… and as we get into 2018 we’ll start to announce joint ventures, acquisitions, which are really going to strengthen our revenues. So SinglePoint really couldn’t be in a better position.”
SinglePoint management has shown it’s willing to take calculated risks and move forward when the path is right, Lambrecht added.
“I think one of our secret sauces, or advantage, is that we’ve got a very experienced board and management team and we’re moving fast and furious with acquisitions,” he said. “We’re also spending some of our capital building out first mover platforms in the cryptocurrency markets…I think we’re ahead of everybody in the game. We’re coming up with a cryptocurrency platform that can be used at the dispensary, to solve the banking problems. That’s our focus and we’re just about there.”
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.
Connect on social media:
https://www.facebook.com/SinglePointMobile
www.twitter.com/_SinglePoint_
www.linkedin.com/company/SinglePoint
www.youtube.com/user/SinglePointMobile
For more information, visit www.SinglePoint.com or www.SingleSeed.com
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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