SinglePoint (OTC: $SING)
Completes Acquisition of Profitable Denver Colorado-Based Company
SEATTLE,
WA - October 17, 2017 (Investorideas.com Newswire) SinglePoint, Inc. (OTC:SING) ("the Company") today announces
its acquisition of Denver-based group, JAG, and offers an update on several
corporate initiatives. Through July 2017, JAG recorded $600,000 in revenue with
approximately 26% gross margins, following full-year 2016 revenue of $700,000.
JAG has achieved year-over-year growth since starting its operations in 2014,
and moving forward will provide SinglePoint consistent, predictable monthly
revenue. Per the agreement terms, SinglePoint will acquire fifty-one percent
(51%) of JAG in a combination of cash and stock, which will allow the Company
to recognize all revenues.
Read this news in
full at http://www.investorideas.com/CO/SING/news/2017/10171Acquisition.asp
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