Before the opening bell, Singlepoint, Inc. (OTC: SING) was announced as a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program about “money and what makes it happen.” The show includes informative interviews with company CEOs, offering prospective investors insight into their operations and outlooks for the future.
To view this week’s program, visit www.MoneyTV.net
In this week’s interview, Greg Lambrecht, chief executive officer of Singlepoint, takes some time to update the company’s shareholders on the progress of its ongoing audit and planned uplisting to the OTCQB Venture Marketplace. Lambrecht stated that the company is currently “on the last couple questions” and hopes to issue a news release in the next week explaining that the audit is complete. By becoming a fully reporting company, Singlepoint expects to be better positioned to bolster its financial performance in the coming months, as noted by Lambrecht.
“The thing that we’re excited about is the future plan for the company… to grow the revenue through acquisition,” he stated. “We have some acquisition targets already in place and some funders on Wall Street. We’re just waiting for this audit to get done so we can move forward with that second plan.”
Donald Baillargeon referred to the impending uplisting as a “tremendous milestone” for Singlepoint, strategically positioning the company to attract financing and implement a more aggressive merger and acquisition strategy. Baillargeon goes on to note that a company listed on the OTC Pink Open Market has much more limited access to financers and investors than a company listed on the OTCQB Venture Marketplace.
Lambrecht finished off the MoneyTV interview by offering an update on Singlepoint’s operations in the daily fantasy sports industry. He noted that DraftFury, which Singlepoint acquired an interest in earlier this year, is “doing quite well” following the start of the NFL season and primed to benefit from the recent decision by many states to remove the “gray area” surrounding fantasy sports by solidifying its legality.
“The future looks bright,” Lambrecht concluded.
For more information, visit the company’s website at www.Singlepoint.com
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