- Reports significant year-over-year improvements for the second quarter
- Up-listed to a fully reporting company, creating additional opportunities for growth
- Provides investors with opportunity to make investments across a wide range of assets, including mobile payments, cannabis and blockchain
SinglePoint, Inc. (OTCQB: SING), a technology and investment company specializing in the acquisition of small to mid-sized companies, announced in a press release (http://nnw.fm/K1P9b) its status as a fully reporting company by way of filing Form 10-12G. At the same time, the company reported a significant increase of nearly 100 percent in second quarter revenues, as compared to the same quarter of 2017.
SING began its efforts to up-list from the OTC Pink Open Marketplace to the OTCQB Venture Marketplace by way of a corporate financial statement audit. In February 2018, the company commenced trading on the OTCQB Venture Market, and it announced the finalization and successful completion of a PCAOB corporate audit in April 2018, paving the way to become a fully reporting company.
During the first six months of 2018, SING recorded over $500,000 in revenue. The company attributes the successful integration of acquisitions throughout the past year as a key factor in this significant increase. In a news release (http://nnw.fm/mPKy3), SING CEO Greg Lambrecht stated, “We built a solid base throughout 2017 and have been building upon that in 2018 which has led to SinglePoint starting to generate a major increase in revenue compared to previous years. We are looking to acquire companies that are cash flow positive. This will give SinglePoint the ability to operate and continue taking risks in hyper growth opportunities.” The company expects to continue to grow organically and through larger investments and/or acquisitions.
“As a fully reporting company, I believe we will have additional opportunities to grow our existing businesses and potentially entertain larger acquisitions,” continued Lambrecht. “We are excited to continue business with increased transparency and credibility. It took all of our effort and attention to file the Form 10-12G, and we are now ready and able to fully focus on the deals in front of us.”
As a technology and investment company focused on the acquisition of undervalued companies that will benefit from an injection of growth capital and technology, SING provides investors with an opportunity to make investments across a wide range of assets. The company’s portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Currently, SING is capitalizing on the emerging opportunities in the cannabis market through partnerships, equity-financed acquisitions and internal product development.
For more information, visit the company’s website at www.SinglePoint.com
More from NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. 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, please visit https://www.networknewswire.com