L. A. Davis & Associates Issues Research Note on SinglePoint, Inc. (OTC PINK: SING)
TACOMA, WA–(Marketwired – Jul 22, 2015) – L. A. Davis & Associates issued a research note today on SinglePoint, Inc. (OTC PINK:SING). On July 14th SinglePoint announced that it had finalized a non-binding Letter of Intent (LOI) to acquire the assets and technology of Mobile Bidding Technologies, Inc. (MBT), and its primary asset industry leading mobile bidding solution, Text2Bid for $1.25 million in cash and securities of SinglePoint. Contingent upon a number of factors, if closed this acquisition is significant and would enable SinglePoint to start processing collected Text2Bid payments through SING’s proprietary mobile payment technology. MBT generated net revenues of $275,000 in 2014.
The research note is available here LAD Research-SING.
L. A. Davis & Associates is an approved equity research contributor on Thomson First Call, FactSet, and Zack’s. The report, along with our initiation of coverage report on SinglePoint, is also available on these platforms.
SinglePoint 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.
About L. A. Davis & Associates:
L. A. Davis & Associates’ specializes in business valuation, equity research, transaction due diligence, and executive benchmarking. By enabling better-informed decision making, we seek to align company leadership with shareholders.
Disclaimer & Disclosure:
For a full list of disclaimers and disclosures, please refer to our research reports or visit our website www.ladavisandassociates.com.
Source L. A. Davis & Associates
L. Alan Davis
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