Specialized holding company SinglePoint, Inc. (OTC: SING) and technology development company AppSwarm, Inc. (OTC: SWRM) this morning announced their entry into a Letter of Intent related to a joint roll-out of mobile applications specifically geared to the cannabis industry. Per the update, the applications will be branded and marketed under SinglePoint’s SingleSeed subsidiary, while AppSwarm will provide the necessary technical support and app development expertise. “We are very excited to roll-out these applications,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We have worked on projects like these before and now we really feel we have both the capital and partner to make a full court press on a major launch and huge value add to the cannabis industry.” SinglePoint and AppSwarm plan to launch the first application related to this joint roll-out within 90 days of the Letter of Intent. Subsequently, the companies expect to release an additional two applications every 90 days thereafter. The first application is expected to be a service-based platform for the business-to-business and business-to-consumer markets that will effectively provide a base for the development of additional applications.
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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. For more information visit www.SinglePoint.com
We develop and publish mobile gaming apps, with a focus on accelerating the development of free to play mobile games and fast-track them to market. We partner with game developers through joint ventures, royalty agreements, marketing partnerships, and outright purchases through our publicly-traded company on the OTC Markets, ticker SWRM. For more information, visit us at www.app-swarm.com
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