Investorideas.com - SinglePoint (OTCQB: $SING) Achieves Fully Reporting Status, Files Q2 Results Showing Significant Increase in Revenues
SinglePoint (OTCQB: $SING)
Achieves Fully Reporting Status, Files Q2 Results Showing Significant Increase
in Revenues
SEATTLE
- August 21, 2018 (Investorideas.com Newswire) SinglePoint Inc. (OTC:SING) today announces
its status as a fully reporting company by way of filing Form
10-12G and
reports year-over-year improvements for the second quarter and six months ended
June 30, 2018.
Second-quarter
revenues increased nearly 100% compared to the same quarter of 2017. In the
first six months of 2018, SinglePoint recorded over $500,000 in revenue as a
result of several successful acquisitions. The company hopes to maintain this
growth trend through its current business model.
Acquisitions
have been a key factor in building a solid financial base, and SinglePoint
intends to continue accelerating revenue growth through strategic acquisitions.
Under this model, the company expects 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," stated CEO Greg Lambrecht. "We are excited to continue
business with increased transparency and credibility. It took all of our
efforts 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."
About SinglePoint, Inc.
SinglePoint,
Inc (SING) is a technology and investment company with a focus on acquiring
companies that will benefit from the injection of growth capital and technology
integration. The company portfolio includes mobile payments, ancillary cannabis
services and blockchain solutions. Through acquisitions into horizontal
markets, SinglePoint is building its portfolio by acquiring an interest in
undervalued companies, thereby providing a rich, diversified holding base.
Through its subsidiary company SingleSeed, the company is providing products and services to the
cannabis industry.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
Technical
complications, which may arise, could prevent the prompt implementation of any
strategically significant plan(s) outlined above. The Company undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.
Singlepoint.com
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