Multifaceted financial news and publishing company NetworkNewsWire this morning announced the availability of a new audio interview with SinglePoint, Inc. (OTC: SING) CEO Greg Lambrecht. In the interview, which can be heard at http://NNW.fm/SING-interview-Feb-2017, Lambrecht gives prospective investors some insight into the company’s SingleSeed Payments subsidiary, which aims to offer electronic banking services to businesses operating in the burgeoning cannabis industry. With a total of 28 states currently allowing medicinal cannabis use, industry advocates expect banks to begin offering financial services to related businesses sooner rather than later, creating a potentially sizable opportunity for SinglePoint to capitalize on its early-mover advantage in the space. “Two years ago we were using our merchant processing ability, and we were placing terminals in dispensaries in Washington and Oregon and Colorado,” Lambrecht stated in the interview. “The banks shut that down, and with the recent elections in November…that business is expected to grow from $5 billion to $50 billion to quite possibly $100 billion.”
To view the full press release, visit http://nnw.fm/wo9dW
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 to create a diversified holding base.
Connect on social media at: www.facebook.com/SinglePointMobile, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile
For more information visit www.SinglePoint.com
About NetworkNewsBreak
NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, visit https://www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
