SEATTLE, Feb. 05, 2019 — via OTC PR WIRE — SinglePoint (OTCQB:SING) a fully reporting company provides shareholder update to company initiatives in the industrial hemp derived CBD market. https://youtu.be/4iVDRfeAUPY
Currently provided services are as follows, for pricing and wholesale opportunities please reach out to Sales@SinglePoint.com
SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
PHOENIX, Jan. 16, 2019 — SingleSeed a subsidiary of SinglePoint (OTCQB:SING) a fully reporting company providing mobile payments, ancillary cannabis services launches PHYTO-BITES on SingleSeed.com. The company’s subsidiary SingleSeed.com has added a new vertical to its robust product line up. Serving pet owners with a brand-new offering that is formulated to reduce stress, pain, separation anxiety and inflammation. PHYTO-BITES is manufactured and supplied by CBD Unlimited formerly (Endexx) (OTC:EDXC). The two companies are working collaboratively to distribute this product online and in store all over the nation.
Phyto-Nutrients for K-9 Health
SingleSeed is the place to purchase CBD products in the United States. All of our products are Federally approved for legal sale and we ship Nationwide.
According to GrandView Research the global pet care market is expected to reach USD 202.6 billion by 2025. Based on type, dogs held the largest market share. SingleSeed plans to make PHYTO-BITES one of its premier offerings because of the size of the market and the market penetration potential. Go to SingleSeed.com and use promo code CBDFORME to get 15% off your first order*.
“We are very excited to add this to our list of products. The pet market is a tremendous opportunity and we plan to attend and use all our contacts to promote this product at every opportunity we are presented with,” states Greg Lambrecht CEO.
From SingleSeed blog CBD for Pets – “We love our pets. Raising pets like they are members of our families means we go the extra mile for them. Especially when it comes time to address their health problems. More and more pet owners are turning to CBD to help their buddies in similar fashions. Phyto-Bites CBD Soft Chews are for use in dogs and are formulated to promote health and support the reduction of separation anxiety, pain and inflammation.” Follow this LINK for full article.
*not all products eligible for discount
About SinglePoint, Inc. SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
SEATTLE, Jan. 10, 2019 — via OTC PR WIRE — SinglePoint (OTCQB:SING) a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions prepares for 2019 and provides insight to company direction as well as acquisitions that the company will pursue. Additionally, the company provides insight to previous acquisitions it has completed and the successes of those to date.
Most recently the company has had major success in its industrial hemp CBD related initiatives. SingleSeed.com a subsidiary of SinglePoint has steadily increased volume of orders which the company believes will be a major component of increased revenue in 2019. This week the company has been optimizing different landing pages and utilizing tools such a heat maps and A/B testing to target site visitors overall experience to refine and work on increasing conversion as well as site visits. SingleSeed will also continue to add new products and plans to add CBD for pets in the near future.
The Hemp Business Journal estimates the industrial hemp CBD market totaled approximately $190 million last year, a brand new category that didn’t even exist a few years ago. By 2022, the Brightfield Group, a cannabis and CBD market research firm, says sales are expected to reach $22 billion. Making this possible is the passing of 2018 farm bill; the measure amended the term “marihuana” to exempt hemp so long as it has no more the .3 percent THC, as a controlled substance.
In addition to the success of SingleSeed, SinglePoint has invested in TorusMed a company working to develop CBD using photobioreactors. This process would significantly reduce cost and time of producing specific strains extracted from industrial hemp. The goal of the project is to ultimately have CBD that is pharmaceutical grade and cultivated in lab settings to ensure consistency. This project has the opportunity to change the way industrial hemp and CBD are manufactured. Working with leading researchers and industry leaders SinglePoint believe this will pan out to be a very good investment for the company. SinglePoint has previously been successful in these types of investments such as Jacksam which SinglePoint has approximately 10% ownership in with the company currently valued at approximately $120,680,778 as of 1-9-2019.
SinglePoint management will continue to look for new acquisitions and investment opportunities. To date the company is in discussions with potential opportunities that will drive revenue and solidify SinglePoint position in the industrial hemp CBD market. These opportunities include producing industrial hemp, manufacturing products as well as distribution. To bolster distribution SinglePoint will be attending expo’s this year to align distribution deals and build out account growth distributing the products currently available on SingleSeed.com. The company has also started to build out a sales team to target convenience store owners, vape shops, liquor stores and more to sell products directly into these accounts.
While the company has high hopes and big plans for the CBD market and the potential growth, it has continued to build upon initiatives that were already set in place.
Previous acquisitions such as ShieldSaver and DIGS continue to grow and provide opportunities for SinglePoint to expand. ShieldSaver has completed its first mobile application to support the company’s efforts. In January the company will launch the service in Sacremento International Airport as well as WallyPark at Denver International Airport. ShieldSaver has many companies in the pipeline to continue growth. The agreement with WallyPark and Sacramento will serve as baselines to the additional opportunities. “ShieldSaver has a massive opportunity to exponentially grow as it provides major value to both customers and the lot owners using our service. We have first mover advantage to take this trojan horse into major account through the US and Internationally as we expand,” states Dan Shikiar ShieldSaver founder.
Driving these opportunities has been the ability for SinglePoint to raise capital on terms beneficial to the company. Having become fully reporting almost one year ago SinglePoint management has been able to facilitate new funding on terms more favorable to the company. Recently SinglePoint signed a deal to raise up to $5,000,000. Along with these acquisitions that bolster revenue and profit the company may have the opportunity to continue improving funding opportunities to drive is acquisition strategy. “2019 will be a banner year for SinglePoint we are equipped with the proper funding, partners and opportunities to be firing on all cylinders. We as a team expect to position SingleSeed and SinglePoint as market leads in the CBD market while continuing to enable to founders of the companies we have acquired grow their businesses. We are well diversified and have large opportunities across many emerging markets that should enable us to be successful into 2019 and beyond,” states Greg Lambrecht CEO SinglePoint.
If you have questions, opportunities or just want to say hi, please reach out to investors@singlepoint.com
About SinglePoint, Inc.
SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
SEATTLE, Jan. 07, 2019 — via NetworkWire – SinglePoint Inc. (OTCQB:SING) a fully reporting company is pleased to announce its investment in TorusMed Inc. to develop CBD Cell Cultures from industrial hemp. Recently the 2018 Farm Bill was passed, opening a vast array of opportunities. SinglePoint plans to quickly acquire and invest in companies dealing directly within the now legalized industrial hemp market.
The goal of the project is to ultimately have CBD that is pharmaceutical grade and cultivated in lab settings to ensure consistency. This project has the opportunity to change the way industrial hemp and CBD are manufactured, reducing time, cost and valuable resources while increasing consistency, safety and scalability of the plant.
The specific aim is to develop the optimal protocols for the mass production of CBD from cell cultures of industrial hemp. The production of CBD from cell cultures is far more advantageous than from open-field farm cultivation of industry hemp for the following reasons: (1) independence from outside weather and seasonal climatic conditions; (2) environmentally-controlled production system in laboratory flasks and in scalable industrial photobioreactors; (3) optimal protocols for cell biomass growth and CBD production; (4) greater resource-use efficiency in terms of water, land nutrients, etc.; (5) greater convenience and efficiency in scale up of production in terms of using scalable industrial photobioreactors, among others.
The specific objectives of the study include: (1) To develop and establish cell cultures of industrial hemp both in the form of callus cells and of liquid cell suspension cultures; (2) To optimize the biomass growth of the cell suspension cultures in terms of nutrient media, light intensity, light quality and carbon dioxide (CO2) enrichment; (3) To optimize the CBD yield of the cell suspension cultures in terms of nutrient media, light intensity, light quality, and carbon dioxide (CO2) enrichment; and (4) To demonstrate the cultivation of the cell suspension cultures in scalable Photobioreactors. The specific aim for a potential Year 2 for the study is to develop the protocols for the cultivation of the cell cultures and production of CBD in industrial-scale Photobioreactors.
According to New Frontier Data, “The 2018 Farm Bill will restore industrial hemp to nationwide legal production for the first time since World War II, offering vast opportunities for the industry and investment in a market expected to triple in four years.”
With the removal of hemp from federal prohibition under the Controlled Substances Act of 1970 (CSA), the total U.S. hemp industry now looks to expand at a healthy 18.4% through a 5-year combined annual growth rate (CAGR) from 2018-2022. New Frontier Data’s Hemp Business Journal estimates that, in leading all hemp product categories, the hemp-derived CBD market will grow from a $390 million-dollar market in 2018, to a $1.3 billion market (or 3.3x) by 2022, representing a 27.2% 5-year CAGR.
Upon completion of the development, SinglePoint plans to distribute this premium CBD. Currently the company is working with producers and manufacturers to distribute industrial hemp CBD through its ecommerce site SingleSeed.com. SinglePoint plans to grow this distribution force to both retail and other channels to increase revenue and sales through the subsidiary.
About SinglePoint, Inc. SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
PHOENIX, Dec. 28, 2018 — via OTC PR WIRE — After years of prohibition, industrial hemp has now been federally legal for a little more than a week. President Trump signed off on the 2018 Farm Bill December 20th, which means hemp is no longer a schedule one substance. This is a huge win and opportunity for SinglePoint, Inc. (OTC:SING). The company’s subsidiary SingleSeed.com is an ecommerce-based business that sells and supplies industrial-based hemp cannabidiol (CBD) products. As hemp has become more mainstream and now a fully federally legal commodity the company plans to add more to its offering. Ranging from Biofuel to construction materials to extracting cannabidiol used to treat various ailments and wellbeing, industrial hemp now has an opportunity to be competitive in the global marketplace.
SinglePoint is currently exploring opportunities to produce industrial hemp through joint venture opportunities with leading hemp growers. The company is also exploring an investment in a development program in which strains of CBD extracted from hemp are grown in a photobioreactor which would greatly reduce the cost and time to produce a potentially pharmaceutical grade product. SingleSeed and its parent company SinglePoint are making major progress to quickly get in position to be a key company in the nascent industry, which is expected to top $20 billion by 2022. According to the Congressional Research Service, the U.S. has imported approximately $100 million worth of Hemp products on average each year. With the 2018 Farm Bill going into effect January 1st the doors will be opened for exponential growth in a new market with vast opportunities.
“We are excited for these new opportunities in the hemp market and have been preparing the company to be in a position in the event the 2018 Farm Bill passed. Now that it has, it’s a matter of closing on the negotiations we have started. I intend and plan for SinglePoint to be a key player in the distribution of hemp products and sourcing the best products we can in the market,” states Greg Lambrecht, CEO.
Looking ahead to 2019, SinglePoint management is seeking new deals and currently negotiating potential acquisitions across different sectors and will continue to grow revenue through its acquisition model. Management is confident revenue growth through hemp-based initiatives will be successful through 2019 and beyond.
For those interested in learning more about SinglePoint or are interested in a partnership, investment or acquisition please reach out to investors@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.
PHOENIX, Dec. 20, 2018 — via OTC PR WIRE– SinglePoint (OTCQB:SING) a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions provides video discussing the 2018 Farm Bill. Management believes the reclassification of Hemp could be a big driver for the company’s subsidiary SingleSeed. SingleSeed provides hemp-based CBD products at SingleSeed.com ranging from tinctures to waters.
Video Link: https://youtu.be/WcM5k0CbzEE
About SinglePoint, Inc. SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
PHOENIX, Dec. 13, 2018 — via OTC PR WIRE — SinglePoint (OTCQB:SING) a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions looks ahead to 2019 to provide insight on how the company plans to utilize its 2018 momentum and carry forward into 2019. Recently the Senate and House signed the Farm Bill. SinglePoint management is actively adding Hemp products to the company’s subsidiary SingleSeed.com and will continue to build its presence in the Hemp product space. The company is expecting to top $1,000,000 for 2018 and expect to triple that in 2019 with additional acquisitions and continued growth of current portfolio companies.
With Hemp being a major growth point, SinglePoint has put a heavy push on is the company’s subsidiary SingleSeed which is distributing CBD products derived from hemp via the website SingleSeed.com. In 2018 the company added multiple product listing and has been organically increasing reach. Cannabis Business Times recently released an article stating, “The hemp-derived CBD market is expected to hit $591 million this year, and, according to a new Brightfield Group report, it may grow 40 times this size-to $22 billion by 2022-if the 2018 Farm Bill passes. The rapid growth will be supported by an anticipated explosion in distribution channels for these products in the next few years; chain retailers are expected to enter the market as soon as 2019.”
“We are excited about the opportunity to be in the distribution space for CBD products, I took a distribution company public on the NASDAQ in 1996. I believe with the contacts and the massive opportunity in the market SinglePoint may be able to break in to the big box stores once the Farm Bill passes and the exact rulings shake out. We will also be looking hard to acquisitions to help us get into these stores more quickly,” states Greg Lambrecht CEO SinglePoint.
SinglePoint is aiming to be a large distributor in the space with a large online presence as well as having a retail distribution reach. The company has had great success with the CBD products and is adding additional funnels to drive more customers to the site for 2019. SinglePoint expects SingleSeed to be one of the top revenue producing subsidiaries in 2019. “We have seen a huge explosion in the CBD space and we are actively selling products through SingleSeed.com now. We are making a nice margin on the products and are seeing many new customers come to the site as we expand,” states Wil Ralston President SinglePoint.
Another portfolio company, DIGS, has continued to expand its footprint in the CBD space and is currently fulfilling many of the orders for SingleSeed.com. The company is also working on supplying bulk orders of CBD in crude and isolate forms. The company can white label many products and handle drop shipping for these products. For more information on the program and what products are available for white label please reach out to sales@SinglePoint.com.
DIGS has provided SinglePoint additional revenue as well as many contacts in the cannabis and CBD industries. It has been a successful venture for the company and SinglePoint plans to expand this entity through additional distribution points and tapping into the cultivation side of the industry which is seeing major growth as more states open and legalize cannabis.
Continuing in the cannabis space SinglePoint invested in Jacksam DBA Convectium. Jacksam recently went public and as of 12/3/18 has a market capitalization of approximately $80,000,000. SinglePoint currently owns approximately 9% of the company.
These are the types of businesses SinglePoint has been working to invest in or acquire. The opportunity for the exponential growth in the cannabis industry is prevalent and SinglePoint hopes to have more than one winner in its portfolio.
For more information please reach out to Investors@SinglePoint.com
About SinglePoint, Inc. SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
SEATTLE, Dec. 04, 2018 — via NetworkWire —SinglePoint (OTCQB:SING), a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions, recaps the year, providing insight to company initiatives and progress as well as acquisitions, both past and future. In 2018, SinglePoint acquired two companies, which led the company toward significant revenue growth. The company is expecting to top $1 million for 2018 and expects to triple that in 2019 with additional acquisitions and continued growth of current portfolio companies.
Most recently, SinglePoint has put a heavy push on SingleSeed, which is distributing CBD products via the website SingleSeed.com. For 2018, the company added multiple product listings and has been organically increasing its reach. Cannabis Business Times recently released an article stating, “The hemp-derived CBD market is expected to hit $591 million this year, and, according to a new Brightfield Group report, it may grow 40 times this size-to $22 billion by 2022-if the 2018 Farm Bill passes. The rapid growth will be supported by an anticipated explosion in distribution channels for these products in the next few years; chain retailers are expected to enter the market as soon as 2019.” The 2018 Farm Bill is currently awaiting signature by President Trump, which is expected to happen as soon as next week. Once it is signed, hemp-derived CBD would be declassified and the market would open up for additional growth.
SinglePoint is aiming to be a large distributor in the space, with both a large online presence as well as having a retail distribution reach. The company has had great success with CBD products and is adding additional funnels to drive more customers to the site for 2019. SinglePoint expects SingleSeed to be one of the top revenue-producing subsidiaries in 2019. “We have seen a huge explosion in the CBD space, and we are actively selling products through SingleSeed.com now. We are making a nice margin on the products and are seeing many new customers come to the site as we expand,” states Wil Ralston, president of SinglePoint.
Adding to its portfolio of cannabis-related businesses, SinglePoint launched LastMile Delivery. The application, built in partnership with AppSwarm (SWRM), is intended to help cannabis delivery businesses track their deliveries and provide customers with a real-time view of when and where their order is. On the delivery businesses side, it provides a major customer satisfaction opportunity as well as streamlining the tracking of upcoming and past orders. The system was built to meet states’ cannabis delivery guidelines. SinglePoint is currently onboarding new customers and launching a direct marketing campaign into approximately 500 dispensaries over the next three months.
Customers that have downloaded the LastMile Delivery application can find nearby dispensaries and place orders through the system. Once a customer places an order, the dispensary is able to assign a driver and have the product delivered. The system keeps track of all the pertinent data needed by the dispensary, such as the ID of the purchaser, the route taken and the payment collection. LastMile Delivery is a SaaS solution that ultimately can be used by any business with a need to track deliveries or drivers.
Continuing in the cannabis space, SinglePoint invested in Jacksam DBA Convectium. Jacksam recently went public and, as of Dec. 3, 2018, has a market capitalization of approximately $80 million. SinglePoint currently owns about 9 percent of the company.
These are the types of businesses SinglePoint has been working to invest in or acquire. The opportunity for exponential growth in the cannabis industry is prevalent, and SinglePoint hopes to have more than one winner in its portfolio.
Another portfolio company, DIGS, has continued to expand its footprint and is currently fulfilling many of the orders for SingleSeed.com. The company is also working on supplying bulk orders of CBD in crude and isolate forms. The company can white label many products and handle drop shipping for these products. For more information on the program and what products are available for white label, please reach out to sales@SinglePoint.com.
DIGS has provided SinglePoint additional revenue as well as many contacts in the industry. It has been a successful venture for the company, and SinglePoint plans to expand this entity through additional distribution points and tapping into the cultivation side of the industry, which is seeing major growth as more states open and legalize cannabis.
Rounding out SinglePoint’s current cannabis entities is SingleCoin, a bitcoin wallet application whose technology was and is supported by AppSwarm. The two companies are working together to build out an application that would support the easy transaction of cryptocurrencies. Currently, the application supports both Bitcoin and Ethereum. The companies are targeting a Q1 launch of buying, selling and trading of different coin through various liquidity exchanges. Initially, it was planned to build a proprietary exchange for consumers to use; however, the two partners have decided it is better to work with partners because of licensing needs and liquidity. It is important for users to have liquidity in the exchanges they use, and SingleCoin, being connected to multiple exchanges, will amplify that availability.
Adding diversity to SinglePoint holdings is ShieldSaver, a company SinglePoint acquired in 2018 that is making huge strides in its expansion. The company recently completed a mobile application that enables lot agents to change marketing messaging, quotes and much more on the fly. ShieldSaver’s proprietary platform proactively addresses many issues in the automotive markets. The company is currently working with companies like WallyPark at Denver International Airport. The partnership gives customers of WallyPark transparent pricing and a hassle-free way of getting their windshields replaced. “This partnership further demonstrates WallyPark’s commitment to enhancing the customer experience and keeping our customers’ vehicles safe while on the road,” says Mark Pfeiffer, Wally Park Denver International Airports General Manager, “and, as an additional customer perk, we are offering a free carwash for every windshield replaced at WallyPark”.
ShieldSaver recently signed an agreement with the City of Sacramento, enabling the company to do business at the airport there. The company plans to aggressively expand in 2019 and is in multiple discussions now for additional partnerships, which would add to previously announced accretive relationships. ShieldSaver is adding blockchain solutions to its development plan in an effort to ease the collection and reporting of pertinent car data. Storing data in this fashion will help build trust and protect the data from being manipulated or falsified. This solution will help everyone participating in the purchase or sale of a car, including individuals, banks, insurance companies and more.
Continuing down the path of automotive solutions, SinglePoint acquired JAG. JAG has grown at a nice clip and continues to increase to revenue, most recently establishing an Arizona presence, which is expected to at least double the revenue for the subsidiary. SinglePoint expects the entity to hit approximately $2 million in revenue for FY 2019. This will happen through fulfillment of ShieldSaver quotes as well as adding additional location and fulfillment partners.
Future Acquisitions
SinglePoint is currently working on two additional acquisitions that would add additional revenue and continue to solidify SinglePoint’s financial structure. Acquisitions will be a strong point in 2019 for the company. Over the years, SinglePoint has steadily grown the size of the acquired companies and learned a lot through the process. Management hopes that in 2019 the company will be able to ramp up the size of the acquisition to quickly meet its revenue goals and increase shareholder value.
“SinglePoint has had an excellent 2018, and, overall, it has been a huge year for establishing the company. We plan to take that momentum and carry it forward into 2019. Adding revenue, adding a portfolio of companies, being diversified and bringing multiple new solutions to market has made for a great setup to a big 2019. We expect to get back to the levels we were at in early 2018 and grow to surpass those numbers. We have the right team, the right products and opportunities to make a successful business and look forward to our shareholders sharing in that success as well,” states Greg Lambrecht, SinglePoint CEO.
About SinglePoint, Inc. SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry
Forward-Looking Statements 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.
PHOENIX, Nov. 27, 2018 — VIA OTC PR WIRE–SinglePoint (OTCQB:SING) a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions announces that it has entered into an agreement with TorusMed Inc., a subsidiary of PetroSun Inc. (OTCPINK:PSUD) to distribute TorusMed Hemp CBD products on two of their e-commerce channels; SingleSeed.com and DIGSHydro.com. TorusMed will drop ship product directly to the customers.
SinglePoint plans to have the products on the site within the week and will provide an update when ordering is live for the products.
The product line will include Sport Relief Topical Cream which was designed for use by professional and amateur athletes. Sport Relief is non-detect THC, meaning there are no traces of THC in the topical, and triple-processed to make it our purest formula yet. With non-detect, you can use this formula no matter what your job or profession. Triple-processed means Sport Relief is miles beyond the competition in the purity of the cannabinoids and terpenes that your body is receiving. Sport Relief has no offensive odor and will not stain clothes. Upon application, it creates a pleasant sensation, with no oily or gritty feel to be found.
TorusMed specializes in cutting-edge technological advances in cultivation which produce world-renowned, completely organic, full-plant extract tinctures and topical creams for medical and home remedies. We are committed to the utmost protection of every phase from seed to oil, providing the highest quality, natural product at a price everyone can afford. With our 7-step purity process, cutting-edge cultivation and extraction, TorusMed sets the standard of Hemp extracts. We are inspired by the plant: keep it pure, and the healing is pure. Our extracts contain no contaminants; they are organic, non-GMO, and of the purest quality: the way the plant is supposed to be. Grown for you.
Gordon LeBlanc, Jr., President of TorusMed states, “I am pleased to announce our distribution deal with SinglePoint. We have seen the success SinglePoint has had through SingleSeed.com and believe that TorusMed will be one of the best sellers. TorusMed products have taken years to develop in partnerships with industry experts and other highly qualified parties so we are confident and believe that our products are one of the best in the market.”
“We are excited to add TorusMeds’ line of CBD products. We have met the team and seen the glowing reviews from TorusMed customers. We believe TorusMed and their suite of products will provide additional revenue for SinglePoint,” commented Wil Ralston, President, Singlepoint, Inc.
TorusMed is currently working with renowned doctors and a University to develop CBD that would potentially be pharmaceutical grade. SinglePoint plans to participate in this development with TorusMed and be a part of a new way of facilitating the safe and repeated growth of specific strains of CBD in a controlled environment.
The two sites, Singleseed.com and DIGSHydro.com, are subsidiaries of SING.
About SinglePoint, Inc. SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
SEATTLE, Nov. 19, 2018 — via OTC PR WIRE – SinglePoint Inc. (OTC:SING), a fully reporting technology company providing mobile payments, ancillary cannabis services and blockchain solutions, reviews the week at MJBIZCON and provides an update to corporate initiatives. Last week SinglePoint management attended MJBIZCON meeting with potential partners and acquisitions.
While in Vegas, SinglePoint met with its lead investor to discuss acquisitions and determine a path in an effort to secure SinglePoint future and growth opportunity. Both groups agree that a large acquisition with revenue and positive EBITDA would set SinglePoint apart from other companies in the space. It is now being discussed to acquire a business ancillary to the space but with a close tie to manufacturing and distribution.
Additionally, SinglePoint recently filed their third quarter report. Revenues continue to increase, and the company is on pace to surpass over $1 million in revenue for the year. Management plans to continue revenue growth through acquisition, continued growth of already acquired companies and increased sales of internal projects.
About SinglePoint, Inc. SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Forward-Looking Statements 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.
