SEATTLE (Marketwired – December 14, 2016) — SinglePoint, Inc. (OTC: SING) was recently the subject of a MicroCap Equity Research report in which analyst L. Alan Davis set a 36-month price target of $0.06 on the Company’s stock. Davis provides an overview of the SinglePoint’s current operations and awakened activity in the cannabis market, as well as market opportunity and financial projections.
To read the full report, click the following link: http://singlepoint.com/wp-content/uploads/2016/12/2016_Dec-12_LADavis_SING_Update-2.pdf. SinglePoint is a state-of-the-art mobile technology and full-service mobile marketing company specializing in acquisitions of small to mid-sized companies, with a particular focus on mobile technologies.
The MicroCap Equity Research report issues a timeline of the Company’s endeavors in 2016, which includes acquisitions of minority investments in two separate daily fantasy sports (DFS) enterprises, GoDraft and DraftFury. In the second half of the year, SinglePoint signed a funding agreement with Blackbridge Capital, LLC for up to $3 million in equity financing to fund the Company’s acquisition strategy and expedite its current trek toward uplisting to the OTCQB. In November, following the legalization of recreational marijuana and medical cannabis, SinglePoint announced the accelerated the strategies of its SingleSeed (www.singleseed.com) payments business to provide credit card processing solutions for the cannabis industry.
After briefly touching on SinglePoint’s aggressive acquisition strategy, the report also discusses SinglePoint’s Pay-by-Text and Text2Bid platforms, as well as opportunities within the multi-billion dollar mobile payments, fantasy sports and cannabis markets.
Davis concludes the report with a look at SinglePoint’s executive leadership and financial performance, forecasting revenues of $2.6 million in 2017, $6.2 million in 2018, and $9.8 million in 2018, as well as a turn to profit on an EBITDA basis in 2018.
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.
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.