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Singlepoint, Inc. (OTCQB: SING) News - September 12, 2018


Gambling and Tech Companies Charge into American Sports Betting Market


New York, NY – September 12, 2018 – NetworkNewsWire.com News Coverage:  A recent change in United States law has led to a gold rush in the gaming industry as numerous companies scramble to set up sports gambling operations.

  • The U.S. Supreme Court’s overruling of 1992 gambling legislation essentially makes sports betting widely legal throughout the country.

  • Casinos are moving to make the most of this by opening sports books.

  • Technology companies are also exploring possible revenue avenues through online gambling apps.

  • The United States is set to see a $3–$5 billion take in the global sports betting market within a few years — a market already worth an estimated $40 billion.

One of the new players in the sports gambling space is SinglePoint, Inc. (OTCQB:SING), a tech company focused on innovation that has invested in gambling app StakeHaul. In the world of big gambling, casino companies such as Caesars Entertainment Corp. (NASDAQ:CZR) are exploring ways to add sports gambling to their existing entertainment rosters. MGM Resorts International (NYSE:MGM) already provides sports gaming alongside traditional betting options. Following suit, Penn National Gaming, Inc. (NASDAQ:PENN) has started offering sports betting at some of its casinos, as has Boyd Gaming Corp. (NYSE: BYD), which is also entering the online gambling space.

To view an infographic of this editorial, click here.  

The Race to Benefit from Sports Betting

From soccer in Europe to cricket in India, people enjoy betting on the outcome of sports competitions. In fact, sports betting is one of the most popular forms of gambling in the world, producing an estimated $40 billion global industry that includes local bookmakers to national brands to international betting websites.

In the United States, this type of betting has been extremely limited since the early 1990s. Legislation designed to protect people from the harmful effects of gambling effectively made betting on sports illegal across the country, with limited exceptions in a handful of states.

The recent overturning of this law has suddenly created a new market. Because that market hasn’t existed for the past 25 years, the renewed interest has revealed an infrastructural void in the American gaming industry. Technological innovations have not been applied to sports gambling, so companies are now playing catch up. The results will shape an industry estimated to be worth billions of dollars every year.

The Death and Life of U.S. Sports Gambling

This year is seeing a number of gambling companies expand their operations to include sports betting while tech companies such as SinglePoint, Inc. (OTCQB:SING) are looking at what they can do to fill a commercial void. But how did this gap in the gambling market come about in the first place?

The Professional and Amateur Sports Protection Act (PASPA) was passed by the U.S. Congress in 1992. It effectively outlawed betting on sports across the United States, with limited exceptions, including specific forms of racing; sports lotteries in Delaware, Montana and Oregon; and licensed pools in Nevada.

The law quickly became an unpopular one. By 2017, a majority of Americans reportedly wanted to see sports betting legalized so they could join in a pastime enjoyed by millions around the world. Several attempts were made to overturn the law, eventually resulting in a legal case being heard before the Supreme Court. In May, the court overturned PASPA, declaring that the law violated the 10th Constitutional Amendment.

The sports betting market was already growing around the world. Because of the nature of the business and the lack of centrally collected figures, it’s impossible to accurately measure its worth, but it was estimated at around $40 billion in 2016. And now, America is expected to become a significant growth area, worth an estimated $3 billion to $5 billion within the next five years.

That’s a lot of money. So how does a company such as SinglePoint go about getting a piece of the acton?

Gambling on Technology

The key to this market, like so many others, lies in online interactions and mobile technology in particular. By bringing gambling first into customers’ homes and then into their pockets, tech-savvy gambling companies have vastly increased the opportunity to make small, casual bets.

One of the products that has sprung from this is StakeHaul. A mobile gambling platform, StakeHaul allows users to bet on anything. Whether it’s a traditional test of machismo such as who can do the most pull-ups, a motivational bet on who will complete a chore first, or even a gamble on the outcome of world events, StakeHaul can make it happen. And with sports betting now apparently legal in the United States, StakeHaul can include that too.

StakeHaul makes it easy to carry out the sort of casual bets traditionally placed in person. The stakes need be nothing more than the honor of knowing who won, although they can just as easily be financial. The company is currently finalizing a peer-to-peer payment model that can pay out in either U.S. dollars or cryptocurrency. With internet native currencies on the rise, it makes sense for an online gambling system to recognize those types of transactions.

With more than 70,000 downloads, StakeHaul is currently the top-ranked app for making bets with friends — and those numbers are steadily increasing. Each month has seen a double-digit percentage rise in active users and bets placed through the platform.

With more than a third of Americans betting on at least one sports event every year, there are plenty of people looking to make the most of the newly loosened laws, and StakeHaul provides a way to do that. “All in all, our unique features, our ease of use, and the legal momentum behind betting in the U.S. makes our opportunity not just a home run but a grand slam,” stated Jeffery Lippert, founder of StakeHaul.

Investing in the Future of Gambling

It’s not surprising then that tech company SinglePoint has made an investment in StakeHaul.

Originally a full-service mobile technology provider, SinglePoint has evolved into a company with an interest in a wide range of technologies. The organization focuses on companies that have great potential and proven assets currently believed to be undervalued on the market. By investing in such companies, SinglePoint has developed a diverse portfolio of up-and-coming tech companies.

Payment systems play a large part in SinglePoint’s holdings. The global payment market is changing, with finance increasingly transacted online or with smartphones. SinglePoint’s payment processing systems are designed to deal with this new world. It is also working to provide cryptocurrency payment systems using Bitcoin and Ethereum, the leading global cryptocurrencies. These are technologies that will fit well with the financial side of the company’s investment in StakeHaul.

But it’s not all about electronic payment. SinglePoint has teamed up with New Sun Energies to provide cost effective solar power in six states. With interests in blockchain, renewable energy and the sports betting market, the company has investments in several sectors that are due to see considerable growth over the next decade.

The Bigger Game Market

History shows that gambling can lead to big wins for a business. Caesars Entertainment Corp. (NASDAQ:CZR) started off as a single bingo parlor in 1930s Nevada. Over the decades, it’s become the most famous name in gaming, with 47 casinos in five countries. Its buildings play host to conventions, meetings and hundreds of thousands of tourists. The thrill of betting keeps the customers coming through the doors of those casinos and has helped to build up a legendary reputation as a place of decadence and entertainment, a reputation that also helps explain the success of over 600 bars, restaurants and clubs across the United States.

With its string of hotels and casinos, MGM Resorts International (NYSE:MGM) has done a job similar to Caesars’ in turning the pleasure of gambling into a multimillion-dollar entertainment empire. Even before PASPA was struck down, MGM was profiting from sports betting as well as traditional gambling, thanks to the popularity of its venues. Hosting events such as world-class boxing matches means not just ticket receipts but also a flood of fans using the hotels and their facilities.

Penn National Gaming, Inc. (NASDAQ:PENN) might not have the glamor of the big names, but the company is still a very successful operator in the American gambling sector. It has gaming, racing and video gaming terminals spread across 29 facilities in the United States and Canada, with a focus on slot machines. The recent legal change is creating more options, and the company recently started offering sports betting at Hollywood Casino at Charles Town Races in West Virginia.

One of the largest casino companies in the United States, Boyd Gaming Corp. (NYSE:BYD) has 24 gaming properties spread across seven states. The company runs 10 sports betting operations across Nevada and has recently opened sports books at two of its Mississippi properties. It has also teamed up with FanDuel Group to engage in online betting and sports gaming opportunities across the country.

The overturning of PASPA is set to transform the American gambling industry. Both online and in casinos, sports gambling is taking off in a big way. Early adopter companies are set to benefit enormously from this change.

For more information about SinglePoint, please visit SinglePoint, Inc. (OTCQB:SING)

About 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.

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

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The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

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SinglePoint Successfully Files Form 10 in Route to Become Fully Reporting


SEATTLE, WA– June 18, 2018 – SinglePoint, Inc. (OTCQB: SING) is pleased to announce the successful completion and filing of the company’s Form 10 Registration Statement with the Securities and Exchange Commission. This is an important step in helping the company establish credibility in the investment community.

“We are ecstatic to have this completed and filed. We feel it really sets the company up for future successes. It’s a great foundational block to be fully reporting and provide the level of transparency to everyone that may become involved with the company. We believe that his level of transparency can accelerate our potential growth,” states Wil Ralston President SinglePoint.

About SinglePoint, Inc.

SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from our management, potential 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.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com 

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 the effects of filing the Form 10 with the SEC, 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.

Corporate Communication
SinglePoint Inc.
855-711-2009
info@SinglePoint.com
SinglePoint.com

Source: SinglePoint, Inc.
 

SinglePoint Completes Commercial for Bitcoin Wallet Featuring Original Shark Tank Member Kevin Harrington and Provides Update on Form 10


SEATTLE, WA– June 06, 2018 – SinglePoint, Inc. (OTCQB: SING) is pleased to announce the company has completed production of their crypto wallet application commercial featuring original Shark Tank member Kevin Harrington. The next step for the company will be to receive approvals from the major national networks. SinglePoint has four spots ranging from 15 second to two minutes. Here is the company’s sneak peek at the 15 second clip, CLICK HERE to watch.

“We are very excited to have this project reach the ultimate goal of getting national air time. We have already been pre-approved on one national network and will now send the commercial spots to others for approval as well. We are confident that this will drive many users to the platform as we will provide an educational document and help those interested in bitcoin and crypto become more familiar and comfortable with it,” states Wil Ralston, President of SinglePoint.

Management is pleased to have this completed and ready to launch. Once the application is officially launched into production the company will be able to air the commercial across the major networks.

SinglePoint has internally completed the Form 10 and is now under review by the company’s auditors. Once completed the Form 10 will be edgarized and officially submitted for review. Upon becoming effective management is confident this will open the doors for institutional and family offices to invest directly and through the open market. Becoming fully reporting should provide the company with more transparency, increased liquidity and value for its shareholders. Additionally, this move will help the company complete additional acquisitions and in-house developments.

For updates and more information please sign up for our email update at SinglePoint.com

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.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com

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.

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com


Source: SinglePoint, Inc.

 

Supreme Court Decision Empowers States to Take Action on Sports Betting


New York, NY – March 24, 2018 – NetworkNewsWire.com News Coverage:  This month the Supreme Court issued a decision striking down a 1992 federal law banning commercials sports betting in 46 states. In one fell swoop, the 6-3 decision swung open the door for individual states to decide for themselves whether to allow sports betting within state boundaries. The decision, which may mean legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year (http://nnw.fm/g6LGx), also has massive impact on sport betting organizations such as SinglePoint, Inc. (OTCQB:SING), which has been in the daily fantasy sports arena since March 2016. Other companies that stand to benefit from this milestone ruling include Caesars Entertainment Corporation (NASDAQ:CZR), MGM Resorts International (NYSE:MGM), Penn National Gaming Inc. (NASDAQ:PENN) and Boyd Gaming Corporation (NYSE:BYD)

Gross Gaming Revenues Could Hit Billions

The overturned law — the Professional and Amateur Sports Protection Act — prohibited states from authorizing sports gambling on the outcome of sports events. One of the law’s sponsors, Senator Bill Bradley and a former college and professional basketball star, claimed the regulation was needed to safeguard the integrity of sports. However, the court ruled that the law was unconstitutional. “It is as if federal officers were installed in state legislative chambers and were armed with the authority to stop legislators from voting on any offending proposals,” Justice Samuel A. Alito Jr. said, writing for the majority. “A more direct affront to state sovereignty is not easy to imagine.”

The ruling was met with enthusiasm by those in the gambling and casino industries, including SinglePoint, Inc. (OTCQB:SING), a technology company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. One analyst predicted the industry's gross gaming revenue from sports betting could rise to $5 to $10 billion in five years and noted that gaming technology providers may also have an incremental $250 million to $1 billion annual sales opportunity from the trend (http://nnw.fm/IoAE5).

Entering the Social Betting World

SinglePoint has been in the daily fantasy sports arena since March 2016, when the company invested in GoDraft and DraftFury. Following this month’s Supreme Court ruling, the company announced it had invested in an additional betting platform, StakeHaul, the No. 1 social betting app in the iTunes App Store (http://nnw.fm/d4Yht). SinglePoint plans to work closely with StakeHaul, which focuses on peer-to-peer social betting, to establish a strong position in the $150 billion betting industry, SinglePoint already provides a payments option, and the two companies are working to define the use of smart contracts within the application. Smart contracts facilitate the exchange of money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman (http://nnw.fm/fNS6B).


Until now, the social betting market has been ruled by DraftKings and FanDuel. Even before the Supreme Court decision, SinglePoint saw an opportunity to enter — and make a sizeable dent — in the huge social betting market through its investment in StakeHaul. Dubbed as the social wagering for the next generation, StakeHaul allows players to easily challenge their friends to games of skill or even be a third-party judge between mutual friends. Users can wager their hard-earned cash or even a night out on the town.

SinglePoint will work collaboratively with StakeHaul to help facilitate the opportunity of using SinglePoint’s crypto-based payment solution within the application. Having the ability to transact in crypto payments provides SinglePoint another avenue to jumpstart users transacting with bitcoin.

Opening the DFS Realm

In addition to its efforts with StakeHaul, SinglePoint, Inc. (OTCQB:SING) will also be leveraging its investments in GoDraft and DraftFury, which now become more viable opportunities for the acquisitions company. In 2016, SinglePoint acquired an ownership stake in GoDraft.com, a Daily Fantasy Sports (DFS) enterprise featuring "one of the most powerful Daily Fantasy Sports gameplay systems on the planet" (http://nnw.fm/qJb3K). Using GoDraft, players have an opportunity to win cash daily in the NFL, NBA, MLB and PGA. The system also features a referral program that rewards players with cash and credit.

At the time of the acquisition, SinglePoint CEO Greg Lambrecht noted that “GoDraft is an ideal candidate with excellent growth potential. There are 2,000-plus unique members, and they also have the only friends and private league features in the daily fantasy sports industry today, allowing you to play against people you know easier than ever before.”

SinglePoint is one of the few publicly traded companies in the United States that allows shareholders to be involved in the DFS realm, and the GoDraft acquisition marked the first in SinglePoint's DFS rollup initiative. “With nearly 57 million people in the USA and Canada participating in fantasy sports last year, demand for participation in DFS is on the rise,” Lambrecht noted.

Huge Growth Potential

Also in 2016, SinglePoint announced that it had finalized an acquisition deal for interest in DraftFury. DraftFury has a unique seven-level referral program and an optimized interface that provides a superior gaming experience for users. With a valuation of $8 million and recognized as the first cash-flow positive DFS enterprise, DraftFury offers daily, skill-based fantasy contests for the NBA, NFL and MLB.

The system is known for its innovative offerings, and players have credited it for originality among other platforms. A case in point is the system’s Fury Arena, which uses DraftFury's proprietary algorithm to match players of similar skill level so that players have a chance to win regardless of ability or skill.

With new regulations now in place, SinglePoint looks to these acquisitions to resume their tremendous trajectories as states throughout the nation move to legalize sports betting. “We have placed the company into multiple emerging markets that have huge growth potential,” states SinglePoint President Wil Ralston. “While we will continue to focus on cannabis and blockchain opportunities, we are excited that the Supreme Court has ruled in favor of sports betting legalization, giving the companies we have a stake in the opportunity to compete with the industry leaders again. We will continue to look for opportunity in the newly legalized sports betting arena.”

Eyeing the Potential Opportunities

SinglePoint isn’t the only organization intent on leveraging the Supreme Court decision and making the most of the lucrative opportunities now available in sports betting.

Caesars Entertainment Corporation (NASDAQ: CZR) applauded the Supreme Court decision as well. Caesars currently has licensed gaming operations in 13 states and manages a successful legal sports wagering business in Nevada. In wake of the ruling, the company plans to expand its U.S. sports betting business wherever secure and responsible wagering on sporting events is legalized. "The Supreme Court's landmark PASPA ruling creates a golden opportunity to end illegal sports wagering once and for all by creating a well-regulated alternative that sports fans can trust,” commented the company’s president and CEO, Mark Frissora (http://nnw.fm/mo8Tq). “Caesars is a leader in legalized gaming in the U.S. As a result, we expect to be able to provide safe, exciting sports wagering experiences to consumers across the country, as we do today in Nevada. We plan to announce our specific approach to this business as we better understand the opportunities and regulations which evolve from today's Supreme Court decision."

MGM Resorts International (NYSE: MGM) also commented on the Supreme Court ruling. A May 14 press released notes that "MGM Resorts International applauds the Court's decision to allow states the opportunity to protect consumers and benefit the public by regulating and taxing sports betting (http://nnw.fm/hwH4t).” The release stated that the company looks forward to working with legislators and policymakers to achieve a regulatory outcome that benefits states and consumers alike while ensuring the integrity of sports. IN a follow-up interview (http://nnw.fm/C0P3a) MGM CEO Jim Murren stated that the company has been waiting and planning for the day the U.S. Supreme Court allowed sports betting. "We have already established the architecture to deploy sports betting as soon as the states allow us to do that," he said. "We have already the software. We have our mobile app called PlayMGM that is already activated in Nevada."

Penn National Gaming Inc. (NASDAQ: PENN) owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. In addition, the company is in the process of acquiring Pinnacle Entertainment for $2.8 billion in cash and stock, a deal which will add another 12 properties to its collection. Following the acquisition of Pinnacle and the planned divestiture of four of its properties to avoid regulatory challenges, Penn National will have significantly greater operational and geographic diversity and operate a combined 41 properties in 20 jurisdictions throughout North America (http://nnw.fm/ziV7I).

Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 24 gaming entertainment properties in seven states. Boyd currently operates 1.36 million square feet of casino space, more than 30,000 gaming machines, 630 table games, 9,400 hotel rooms and more than 280 food and beverage outlets. This month the company announced that it had entered into a definitive agreement to acquire Lattner Entertainment Group, which currently operates nearly 1,000 gaming units in 220 locations across the state of Illinois. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.

Knowing that the nation’s highest court would be ruling on the case soon, savvy gaming companies such as SinglePoint have been eyeing the potential entry points and are prepared to move swiftly now that the decision has been handed down.

For more information on SinglePoint, please visit SinglePoint, Inc. (OTCQB:SING)


About 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.

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SOURCE: NetworkNewsWire

 

SinglePoint Subsidiary ShieldSaver Inks Deal with CarFax; Continuing Expansion of Data Collection for Automotive Blockchain Initiative  


SEATTLE, WA– May 1, 2018  – SinglePoint, Inc. (OTCQB: SING) subsidiary ShieldSaver signs agreement with CarFax to provide detailed information directly to CarFax while being able to pull data from the CarFax system to further efficiencies within the ShieldSaver mobile application. ShieldSaver is building relationships with industry leaders and rapidly expanding its presence across the nation through relationships with international airport parking lot management companies such as WallyPark and LAZ Parking.

ShieldSaver utilizes proprietary License Plate Recognition (LPR) technology to collect large quantities of important automotive and consumer data. There are many stakeholders that need access to this data; for instance, insurance companies have an interest in knowing that a windshield was actually in need of repair and that the repair was soundly completed. At the same time, much of the data collected is private and should only be shared with parties that have a legitimate need to access the data. As ShieldSaver expands its infrastructure, SinglePoint will provide the expertise to begin storing data in a blockchain based, distributed ledger with appropriate access controls to ensure that parties who need access can retrieve it in the most secure and efficient manner.

“We are excited for this new relationship with CarFax, we believe there is a lot of opportunity to expand the relationship with CarFax. They are a fantastic company, the absolute leader in their space and we look forward to a long, synergistic relationship,” states Wil Ralston President SinglePoint.
SinglePoint recently completed the acquisition of ShieldSaver and with the capital infusion the company has already grown to new levels and continues to add value to SinglePoint through IP and revenue. The two companies are working together and have started development of the automotive data collection application that will ultimately tie into SinglePoint blockchain technology developments.

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.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com 

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.

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SOURCE:  SinglePoint, Inc.

 

SinglePoint Continues Expansion into Cannabis Industry as Proposed Legislation Favors Industry Growth


SEATTLE, WA– April 24, 2018  – SinglePoint, Inc. (OTCQB: SING) announces the latest development of its cannabis payment solutions platform alongside a flurry of cannabis-related news released by members of various political parties over the past week.

Since 2014 SinglePoint has been aggressively seeking opportunities in the cannabis market. The company recently integrated a stand-alone point of sale terminal designed to give merchants the ability to accept Bitcoin as a payment option. Customers can now use their credit or debit card at the counter instead of through a web-based app. SinglePoint’s push to streamline payment processes and make the cannabis purchase experience no different than using a credit card at any other store complements recent efforts by political leaders seeking cannabis reform.

Former Speaker of the House Rep. John Boehner (R-Ohio), once an outspoken cannabis antagonist, has now joined the board of a cannabis company with the statement he believes cannabis should be de-scheduled so that medical studies may begin. Colorado Republican Sen. Cory Gardner announced April 13 that President Donald Trump promised he would support efforts to protect states that have legalized marijuana. Most recently, Senate Minority Leader Chuck Schumer (D-N.Y.) threw his weight behind legalizing marijuana and said he will soon be introducing a bill to de-schedule the plant.

"The legislation is long overdue based on … a bunch of different facts," Schumer said. “Ultimately, it is the right thing to do. Freedom. If smoking marijuana doesn't hurt anybody else, why shouldn't we allow people to do it and not make it criminal."

SinglePoint founder and CEO Greg Lambrecht hailed the positive political messages and growing support for the cannabis industry.

“This is exactly what we have been waiting for and what the industry needs. As we continue to develop solutions to help ease the banking issues, we welcome new regulations that may make that easier such as de-scheduling the plant and allowing banks to work with these businesses,” Lambrecht said. “That would allow SinglePoint to offer all of our payment solutions to cannabis businesses.”

SinglePoint management believes cannabis-related businesses and all those working within the industry will continue to grow and soon thrive under new regulations. Public opinion polls show that 61 percent of respondents believe cannabis should be legalized for adult use. Several top Democrats seen as possible contenders in the 2020 presidential race are backing legislation to de-schedule cannabis. The shift has marijuana activists and political operatives believing many of the 2020 presidential candidates will support removing cannabis from the Federal Substances Act.

Sen. Bernie Sanders (I-VT), a 2016 presidential candidate widely considered a top contender for the nomination in 2020, signed onto The Marijuana Justice Act, as did Sen. Kirsten Gillibrand (D-N.Y.), another possible 2020 hopeful. Proposed by another potential 2020 presidential contender, Sen. Cory Booker (D-N.J.), the Act would remove the drug from the federal Controlled Substances Act, voiding the uncertainty the federal government injects into cannabusiness and deconstructing the final barriers to national legalization.

SinglePoint’s streamlined payment process helps cannabis retailers, dispensaries and consumers in several, important ways. Customers can preload their wallet with their credit card information, which brings additional efficiencies in the checkout process. A customer that preloads a wallet will simply be able to “send payment” to the merchant for the amount requested at the register. Additionally, SinglePoint is tying this payment into its Last Mile Delivery service. Delivery clients will already have the application downloaded, which means that once an order is placed the customer will be able to select a payment method and utilize a stored card or cryptocurrency.

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.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com

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.

Corporate Communications Contact:
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SOURCE:  SinglePoint, Inc.

 

SinglePoint Signs LOI to Acquire Ancillary Cannabis Products Provider Phoenician Engineering


SEATTLE, WA– April 18, 2018  – SinglePoint, Inc. (OTCQB: SING) announces Letter of Intent to wholly acquire Phoenician Engineering. Headquartered in Phoenix Arizona, Phoenician provides both consumer products as well as commercial grade equipment. Phoenicians’ main products are medical grade grinders for consumers and soon to launch a grinder for commercial use. The company is currently in dispensaries throughout America and ships products internationally.

Phoenician currently has nine issued patents, three trademarks and additional patents pending. This will provide SinglePoint valuable IP to add to its growing asset class. Phoenician has also worked with multiple influencers such as Sublime with Rome and more. Phoenician is one of the most well-known consumers grinders in the market because of its quality and lifetime guarantee. The founders will stay on board through the acquisition and continue to grow the company with SinglePoint. SinglePoint plans to help increase, the already profitable sales, through ecommerce and online advertising.

SinglePoint and Phoenician are currently working through due diligence and the completed transaction is expected to happen soon. “We are ready to close this deal. We have 100% confidence in the founders of the company. They have built a sustainable, scalable business. We believe we can help take it to the next level. They are right in our backyard here in Phoenix so working closely alongside will be easy. With their product and an injection of our funding and ecommerce knowledge I believe we can 5x revenue in the first 18 months,” states Greg Lambrecht CEO. “We are incredibly exited to be working though due diligence with SinglePoint. This is a great opportunity for synergistic and collaborative efforts to come together and add tremendous value,” states Colton Dukat, CEO of Phoenician.

As of April 16th 2018 SinglePoint has concluded its two year audit and plans to file a form-10 to become fully reporting. Management believes this will give the company additional access to more capital on better funding terms. This capital will be used for acquisitions such as Phoenician Engineering and others in order to grow the company revenues and increase shareholder value.

To see Phoenician Engineering Products please see https://phoenicianengineering.com/

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.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com

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.

Corporate Communications Contact:
NetworkNewsWire (NNW)
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SOURCE:  SinglePoint, Inc.

 

SinglePoint Recaps Recently Achieved Milestones in Cannabis, Blockchain and Corporate Audit


SEATTLE, WA– April 13, 2018  – SinglePoint, Inc. (OTCQB: SING) recaps recently achieved milestones in preparation for the launch of multiple projects. SinglePoint has been full steam ahead in a combination of Cannabis and Blockchain industries. Additionally, the company is expecting to release audited financials soon, which will complete the two-year audit and the company will immediately file a form-10.

SinglePoint recently released a video http://bit.ly/SinglePoint-HarrintonVideo with original SharkTank member Kevin Harrington discussing SinglePoint’s opportunities in blockchain and the overall sentiment of the new technology.

Shortly following this the company successfully acquired ShieldSaver. Utilizing proprietary License Plate Recognition (LPR) technology, ShieldSaver collects large quantities of important automotive and consumer data. http://bit.ly/SinglePoint-ShieldSaver SinglePoint plans to utilize this data for a blockchain data play that will provide verified data to all parties involved in the transaction of a vehicle. http://bit.ly/ShieldSaverTechnology ShieldSaver is in a prime position to be an industry leading company with access to verifying vehicle data in a way that has not been done previously.

In addition to the blockchain opportunity with ShieldSaver, SinglePoint has signed an LOI http://bit.ly/SING-ORHBBlockchain with ORHub to architect a blockchain solution for their already developed and in operation Surgical Resource Management platform. The two companies are still in negotiations of deliverables and timelines for the project.

Continuing the company’s move in the cannabis industry SinglePoint successfully launched three new programs. SingleSeed.com, LastMile Delivery and a Cannabis Waste Diversion initiative.

SingleSeed.com launched just a week ago. The site is already seeing traction and shipping orders. To date, SingleSeed has not launched any major marketing for the site as it works out its flow and processes, which is very exciting as traffic and sales have been organic.

LastMile Delivery http://bit.ly/LastMileDeliverySinglePoint just two days ago announced it has been approved to beta test in both Google and Apple app stores. LastMile is setting its goals to be the first state compliant delivery management program. The application should help improve efficiencies in the cannabis delivery businesses.

As for the zero waste Cannabis Diversion program the company has received many inquiries from interested reporters, businesses and more around the research that has taken place. SinglePoint plans to launch the full report next week followed on by a second report outlaying the actions SinglePoint will take to implement waste diversion programs in the cannabis industry http://bit.ly/CannabisZeroWasteSinglePoint

Driving excitement in the cannabis space and the company’s strong position in pushing forward to supply innovative solutions is the announcement of former Republican House Speaker John Boehner joining the board of a U.S. based cannabis company. Recently, Mr. Boehner publicized on twitter, “My thinking on cannabis has evolved.” He went on to say, “I’m convinced de-scheduling the drug is needed so we can do research, help our veterans, and reverse the opioid epidemic ravaging our communities.” SinglePoint management believes that the thinking at a federal level is starting to change on the current cannabis policy which is strengthened by Boehner’s and Felds’ (former Massachusetts governor) statement of, “The time has come for serious consideration of a shift in federal marijuana policy.” According to a Pew Research Center Survey about 61% of Americans believe cannabis should be legalized.

SinglePoint has been working many projects in parallel. Management believes these projects are just a few steps away from launching. “We are very excited where we are right now. With the launch of these projects SinglePoint has a lot of momentum, and will have multiple viable services hitting the market,” states Wil Ralston, President of SinglePoint.

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.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com

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.

Corporate Communications Contact:
NetworkNewsWire (NNW)
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Source: SinglePoint, Inc.
 

Blockchain Remains a Potential Powerhouse for Various Markets’ Futures


New York, NY – March 22, 2018 – NetworkNewsWire.com News Coverage:  As investors enter the second quarter looking for signs of growth sectors, cryptocurrencies and blockchain-related markets remain at the top of the list in potential. In particular, the advantages of blockchain technologies and their secure, immutable shared ledgers are rapidly gaining recognition in the international trade and finance, security, gaming and healthcare sectors. Several companies are advancing programs to educate the broader investing public about blockchain technology. Those companies include SinglePoint, Inc. (OTCQB: SING), which has been aggressively making strategic acquisitions and building a diverse portfolio in the blockchain space. Other public companies pursuing opportunities in the expanding blockchain sector include Longfin Corp. (NASDAQ: LFIN), Accenture PLC (NYSE: ACN), Marathon Patent Group, Inc. (NASDAQ: MARA) and Overstock.com, Inc (NASDAQ: OSTK).

Blockchain Going Mainstream
With an extensive history in payment technologies, SinglePoint, Inc. (OTCQB: SING) is selectively building a portfolio of subsidiaries and partnerships in the blockchain sector as the technology becomes accepted by global blue-chip enterprises.

The rapid ascendance of blockchain and its growing significance to multiple marketplaces present a rare opportunity to invest in a transformational technology, somewhat akin to the early dot-com days. The buzz-phrases “creative destruction” or “disruptive technology” could easily be applied to the beneficial upheavals expected in finance, payment processing, trade, transportation and other industries as blockchain platforms become ubiquitous.

SinglePoint’s widening portfolio of blockchain assets includes:
• A letter of intent to acquire 100 percent of Bitcoin Beyond, a premier platform that enables merchants to accept bitcoin payments using existing web-enabled, point-of-sale devices (http://nnw.fm/t9zNO).
• SingleSeed Payments subsidiary is developing a proprietary cryptocurrency solution that allows cannabis merchants and consumers to take advantage of bitcoin-powered transactions using debit and credit cards. In addition to making bitcoin-backed card purchases possible in all retail settings, SinglePoint’s initiative will enable cannabis dispensaries to digitally track and manage their product inventories, performing tasks such as uploading product data, photos and descriptions. The system deducts items automatically from a dispensary’s product listings when a purchase is made (https://singleseed.com/).
• Original “Shark Tank” member Kevin Harrington as company spokesman for an innovative, compatible virtual wallet to store any type of cryptocurrency. A recognized serial and successful venture capitalist, Harrington will host a new national television and online media ad campaign featuring SinglePoint and the virtual wallet’s secure method of storing cryptocurrencies (http://nnw.fm/b8E8o).
• A blockchain platform for healthcare applications to be built with ORHub, Inc. following completion of a letter of intent. ORHub’s surgical resource management software is transforming the way hospitals handle operating-room data, thereby enabling reductions in supply-chain costs. SinglePoint will develop blockchain-based solutions with ORHub to enhance the value of data collected by the operating-room software platform (http://nnw.fm/IxwQ4).

For more information on these endeavors view the company’s shareholder update http://nnw.fm/oso7M

SinglePoint Leadership
Recently SinglePoint, Inc. (OTCQB: SING) moved to the OTC:QB Venture Markets. With this move the company added former Amazon general manager and current F5 Networks senior vice president Venugopal Aravamudan to its board of directors. At Amazon, Aravamudan helped run Amazon Web Services Relational Database Systems, and at F5 Networks, he is responsible for next-generation cloud services.

This additional to the team looks to open multiple new relationships and opportunities for the company.

The Future of Blockchain
As the finance and trade industries lead the way to wider adoption of blockchain technologies, it appears inevitable client industries will follow. German banking giant Deutsche Bank (DB) projects that blockchain-enabled systems will record transactions for 10 percent of global GDP by 2027 (http://nnw.fm/rTeW3).

The IT research and consulting firm Gartner Group projects a sharply rising arc for blockchain providers. Analysts state blockchain is estimated to have delivered $4 billion in business value-add or technology innovation in 2017, which it expects to increase five-fold to $21 billion in two years and soar to $176 billion by 2025. Looking out further, Gartner estimated blockchain will be a $3.1 trillion value-added industry by 2030.

By these measures, blockchain technology is still in its infancy in terms of commercial potential. If blockchain unfolds as the internet did, new applications will be found that have not yet been considered.

Other Companies in Blockchain Space
Global management consulting giant Accenture (NYSE: ACN) reported March 12 it had created a blockchain prototype with the goal of eradicating bogus pharmaceuticals from global supply chains and is partnering with delivery-and-logistics leader DHL to that end (http://nnw.fm/Cq5tb). The two companies announced they have created a blockchain-based serialization prototype with nodes in six geographic areas to track pharmaceuticals across the supply chain (http://nnw.fm/4kOt5). According to Interpol, about a million people die each year globally because of counterfeit drugs, and some 30 percent of pharmaceuticals sold in emerging markets are thought to be fakes.

Marathon Patent Group (NASDAQ: MARA) shares recently surged nearly 60 percent in a single trading day after the company announced it had commenced bitcoin mining at its new facility in Quebec. In February, Marathon announced it had purchased 1,400 Bitmain Antminer S9 miners and that it had leased space in Quebec, which is renowned for its comparatively low power costs. Marathon said it may add another 2,800 Antminer S9s as it evaluates productivity.

Longfin (NASDAQ: LFIN) is working to connect 70 FX and spot exchanges with 300 banks through its electronic market platform. The company also announced in January that its Ziddu Smart Contracts are commercially available on the Ethereum blockchain. Longfin contends that currently Ziddu.com is the only venue for decentralized smart contracts.

Overstock.com (NASDAQ: OSTK) launched an initial coin offering in December, and the company’s CEO told CNNMoney he may consider selling off the better-known online retail business to focus on the 10 blockchain companies it owns. In January, Polymath, a security token launch pad, reported a partnership with Overstock’s blockchain subsidiary, t0.com, Inc. (tZERO), in which Polymath is acting in an advisory role in connection with tZERO’s $250 million ICO. With a market-cap of $1.30 billion, Overstock.com said in March it is cooperating with a Securities and Exchange Commission inquiry into the cryptocurrency and blockchain sectors.

While blockchain technology remains an emerging influence in world business, it has already demonstrated its potential power as a transformative means of providing security to commercial transactions, including financial processes. Blockchain appears to have the capability of becoming a disruptive market influence as it alters the way the world does business.

For more information on SinglePoint, visit SinglePoint, Inc. (OTCQB: SING).

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Growth Fuels Diversity, Opportunity in Blockchain Sector


New York, NY – March 8, 2018 – NetworkNewsWire.com News Coverage:  Investment in blockchain technology is growing rapidly. As innovators develop new ways to apply the technology to a range of industries, more companies are finding new applications for the technology and attracting increased funding from investors at the same time. SinglePoint, Inc. (OTCQB: SING) has attracted investment for a broad range of blockchain services, including applications in payment processing, logistics and health care. Visa, Inc. (NYSE: V) is testing a new business-to-business blockchain payment service aimed at making international financial transactions easier. Mastercard, Inc. (NYSE: MA) has registered a patent for a blockchain database to reduce the need for intermediaries and resultant delays in payment processing. International Business Machines Corp. (NYSE: IBM) is collaborating with a shipping firm to develop blockchain-based international logistics designed to smooth out global supply chains while HIVE Blockchain Technologies Ltd. (TSX-V: HIVE) (OTC: HVBTF) operates its own cryptocurrency facilities that seek to bridge the gap between new and traditional finance.

Blockchain’s Potential Unleashed

Investing in blockchain has never been easier. The distributed ledger technology that drives cryptocurrencies, such as bitcoin, is now being applied to a wide range of services and sectors. A recent CB Insights report has highlighted over 30 industries that blockchain could transform or is already transforming. The technology is offering businesses faster financial transactions and smoother supply chain management, with spin-off benefits for better health-care provision and government oversight of elections.

As blockchain spreads to other sectors, it continues to have the greatest impact in finance. Financial service firms are looking for ways to improve banking and payment processing through blockchain, with redesigns of traditional processes that could revolutionize the sector. Startups that apply blockchain in all areas of finance are springing up and attracting plenty of investment interest in their offerings. Meanwhile, bigger players that initially rejected all things cryptocurrency-related are now seeking patents to make blockchain part of their businesses.

Diversifying in Blockchain

One company that is making the most of this potential is SinglePoint, Inc. (OTCQB: SING). From its starting place as a mobile technology provider, the company has turned itself into a diverse holding company with a range of innovative blockchain-based products.

SinglePoint is involved in some of the best-known areas of blockchain businesses: digital currency and cannabis. The company recently welcomed to its board of directors former Amazon general manager and current F5 Networks Senior Vice President Venugopal Aravamudan. With more than 25 years of experience in the technology sector, Aravamudan has committed to making accretive introductions to the company leveraging cloud computing capabilities that will accelerate the capability for SinglePoint to deliver blockchain-enabled solutions.

SinglePoint is working on financial technology solutions through collaborations with other companies. SinglePoint is also working to raise the profile of blockchain technology through a collaboration with entrepreneur and SharkTank veteran Kevin Harrington, the brain behind 20 companies with combined revenues over the $100 million mark and whose public profile will help bring SinglePoint’s services to a wider market.

Many of SinglePoint’s financial solutions are geared toward the cannabis market, a growing sector that has been under-supported by the traditional finance industry. Cannabis sales are now legal in 29 U.S. states, but vendors struggle to access traditional banking systems. SinglePoint’s SingleSeed Payments service provides cannabis suppliers with fast, secure payment systems, allowing these suppliers to accept payment methods other than cash. The company is also using blockchain to support additional parts of the supply chain, including inventory tracking and deliveries, as well as informing customers about products and ensuring that businesses meet tight regulatory requirements.

SinglePoint, Inc. (OTCQB: SING) also has a joint-venture agreement with Smart Cannabis Corp. to license and market the SMART APP, an industry specific application that enables cultivators to control entire operations from a mobile device. Among other initiatives, the companies are collaborating to integrate SinglePoint’s bitcoin payment solution into the app and finalize a “track and trace” solution utilizing blockchain.

“Consumers who walk into a dispensary, where a cultivator is using our system, will be able to see how, when, and where the product was grown. There is no other system on the market like it and we plan to be the first company to use transparent and traceable blockchain technology to bring this “track and trace” product knowledge to consumers,” SinglePoint President Wil Ralston stated (http://nnw.fm/d7zWA).

Blockchain in Medicine

SinglePoint’s involvement in the healthcare sector extends beyond medical marijuana. The company is bringing blockchain into hospitals for a very different purpose.

This move comes through a recently announced collaboration with ORHub (http://nnw.fm/k0Yib). ORHub, a provider of real-time surgical analytics, already offers a range of products that benefit hospitals, patients and the health-care industry by improving data capture and the understanding of what is happening in and around the operating room. SinglePoint is bringing its blockchain expertise to this work.

Gathering and analyzing data can be a huge challenge in the medical sector. With records being kept for numerous patients, departments and systems, forming a complete data profile can be a daunting task. Yet the failure to do so leads to inefficiencies, lost opportunities for learning and even inadequate patient care. The partnership between SinglePoint and ORHub seeks to improve this situation. Starting with an initial $750,000 development project, SinglePoint will be finding ways to integrate blockchain with ORHub’s data systems so that records can be made and maintained more accurately and efficiently.

“Having ORHub select SinglePoint, Inc. (OTCQB: SING) as their solutions architect is fantastic,” SinglePoint President Wil Ralston stated. “We are beyond excited to dig into this project and develop a truly industry-changing solution. With the commitment from ORHub to fund the project, we are in a strong position to design, develop and execute on the solution. As part of this collaboration and broader corporate initiatives in the blockchain market, we are aggressively establishing working relationships with key blockchain engineers.”

Working with ORHub is likely to be only the first in a series of medical endeavors from SinglePoint. With an entry into the sector via ORHub and so much work to be done, SinglePoint has the opportunity to utilize and expand on blockchain’s place in improving patient care.

A Forward-Looking Strategy for Success

The ORHub venture ties in neatly with SinglePoint’s broader strategy of growth through collaborations and acquisitions.

Another example of this strategy is the company’s recent decision to acquire Bitcoin Beyond (http://nnw.fm/rP4s6), a payment platform for using cryptocurrencies. This user-friendly, web-based platform allows merchants to integrate cryptocurrency payments into their systems through existing web-enabled, point-of-sale devices. It also allows dollar payments to be carried out using a range of different currencies. By acquiring Bitcoin Beyond — a purchase valued at $1 million — SinglePoint has positioned itself to take a lead in putting blockchain-based payments into high street stores and everyday financial transactions.

This is part of a broader acquisitions strategy that powers SinglePoint’s business. The company has raised over a million dollars in funding (http://nnw.fm/5OHfF) to drive an aggressive strategy of acquisitions across the blockchain and cannabis cultivation sectors.

The result has been a dramatic rise in the company’s value. SinglePoint share price rose from $0.01 to nearly $0.08 in a year’s time and remains well above its initial value. With an expansion strategy targeting a broad range of assets across cutting-edge, high-value sectors of the economy, SinglePoint is emerging as a diversified holding company within the blockchain field.

Big Players in Blockchain

Other major players in the financial sector have also taken an interest in blockchain.

The biggest financial companies were initially wary of this new technology, but they are starting to come around. Visa (NYSE: V) is making its first steps into blockchain with its B2B Connect service, trials of which were announced in November. This business-to-business financial platform is intended to smooth out cross-border payments by supporting direct payments between institutions. Like much of blockchain finance, the objective is to make payments more direct, cut out the middleman, eliminate delays and decrease expenses. Developed in collaboration with blockchain startup Chain, this platform will help provide security and transparency for international payments. Banks in the United States, South Korea, the Philippines and Singapore are taking part in the trial.
Mastercard (NYSE: MA) places “putting technology first” among its interests as a business and is looking to blockchain to make that a reality. While avoiding bitcoin, the company has taken an interest in other uses for blockchain. It filed a patent on Nov. 9 on a blockchain database to be used in payment transfers. Like Visa, Mastercard is using its blockchain systems to eliminate delays in payment processing. The involvement of such significant companies bodes well for blockchain financial technology.

While finance companies are taking an interest in blockchain as a way to speed up their services, technology companies are looking to finance as a sector in which to apply their knowhow. Computing giant IBM (NYSE: IBM) has taken an interest in blockchain for supply chains and payment systems. Its boldest venture in this area is a new company set up in collaboration with Danish shipping provider Maersk. Following a successful 2016 trial, this new venture will look to apply blockchain to its global supply network. Working with ports, customs officers, banks and shippers, it will use blockchain’s impressive record-sharing potential to smooth out the global flow of goods.

Companies specializing in blockchain are profiting from the growth of this sector. HIVE Blockchain (TSX-V: HIVE) (OTC: HVBTF) is working to connect traditional businesses with blockchain-driven financial sectors. The company has attracted over $100 million of investment and is further financed by its own cryptocurrency mining operations.

With so many initiatives by a growing number of companies such as SinglePoint, blockchain technology looks like a solid piece of the financial future.

For more information on SinglePoint, visit SinglePoint, Inc. (OTCQB: SING).

About 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.

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Blockchain Innovations Set to Disrupt Healthcare


New York, NY – February 23, 2018 – NetworkNewsWire.com News Coverage:  Blockchain, the technology behind cryptocurrencies such as bitcoin, boasts tremendous disruptive potential in a wide range of industries, including finance, infrastructure, supply chain management and even healthcare. SinglePoint, Inc. (OTCQB: SING), a company with diverse interests and skills in the tech sector, has teamed up with ORHub, Inc. (OTC: ORHB) (ORHB Profile) to create a blockchain-based solution to improve the way hospitals collect and utilize operating room data to reduce supply chain costs, while IBM (NYSE: IBM) and the Food and Drug Administration (FDA) are exploring ways of using blockchain to more effectively share and audit medical data. With companies like HIVE Blockchain (TSX-V: HIVE) developing broader infrastructure applications, the potential for blockchain to improve efficiency across businesses is accelerating. It’s an approach being pushed from inside the healthcare industry, with UnitedHealth Group (NYSE: UNH) also demonstrating interest in blockchain capabilities.

Technology Driven Efficiencies

Data collection and sharing is a growing problem for medical providers. Patient data has to be preserved and shared with those who need to know, while keeping it secure for the sake of patient confidentiality. Operational data is vital to driving evidence-driven improvements, as well as managing supply chains in an increasingly complex system. The sheer volume of data, and the challenge of maintaining security while sharing it with vested partners, portends a huge need within the industry.

Many medical companies are now turning to blockchain technology as a solution. Though often associated with cryptocurrencies and financial interactions, blockchain has far wider applications. It provides a system for recording and sharing information without a need for a central organization controlling records. This reduces the risk of fraud or error and allows a complete audit trail, while improving the speed and efficiency with which information can be shared. In a medical context, it lets limits be set on who can see a patient’s data, while keeping that data easily accessible to those with a legitimate need for access. Records can be kept secure for auditing without slowing down data sharing. And the information needed to manage all parts of a business can be quickly gathered and exchanged.

Bringing Blockchain Expertise

One company delving into this application of blockchain is SinglePoint, Inc. (OTC: SING). Established as a mobile technology provider, the company has grown into a diverse holding company with a portfolio of investments in cannabis, blockchain and related technologies. By using an acquisition-based growth strategy, SinglePoint has significantly increased the technology and expertise it can bring to bear on a blockchain project and other corporate endeavors. This has led to a dramatic expansion in its services and a subsequent rise in its share price, from $0.01 to nearly $0.08 on volume of more than 3.5 million in a single year.

Data integration is central to the challenge facing healthcare providers. The scattered nature of medical records means that one of the biggest problems is connecting the dots to provide better care and improve efficiency. Fortunately, the integration of existing systems lies at the heart of SinglePoint’s work. Its acquisition of various blockchain companies has led to the deployment of integrated solutions in areas such as payment processing (http://nnw.fm/74SlQ). It is also providing technological solutions for supply chain management and delivery of goods, areas where the medical sector could benefit from improved data collection and process efficiency.

New Initiatives
ORHB). In a letter of intent, the two companies defined their intention to create a blockchain services platform for healthcare applications. SinglePoint will design and develop blockchain-based solutions that can be added to ORHub’s existing software, enhancing the value of data collected in and around operating rooms. With an initial budget of up to $750,000 in development costs, this marks the beginning of SinglePoint’s work in bringing its blockchain expertise to hospitals.

Given the data management needs of the medical sector, SinglePoint expects this to be the first of many contracts for the company in blockchain development, in the healthcare sector and beyond.

“Having ORHub select SinglePoint as their solutions architect is fantastic,” SinglePoint President Wil Ralston stated in the news release (http://nnw.fm/mL5vl). “We are beyond excited to dig into this project and develop a truly industry-changing solution. With the commitment from ORHub to fund the project, we are in a strong position to design, develop and execute on the solution. As part of this collaboration and broader corporate initiatives in the blockchain market, we are aggressively establishing working relationships with key blockchain engineers.”

Healthy Patients in Healthy Systems

Data gathered at the point of care is vital to the health not just of patients but of hospitals and other healthcare providers. The past 20 years have seen huge efforts go into understanding healthcare processes, trying to trim the fat from a notoriously costly sector. While business analysts have been able to provide leaner systems, their work has always been reliant on data, and so held back by its limitations. Developments such as SinglePoint’s new blockchain data solution will provide the fuel for future improvements across the sector.

SinglePoint, Inc. (OTC: SING) expects to unlock greater value from data captured across the operational system thanks to blockchain solutions. These will streamline medical records and improve their accuracy through dispersed record-keeping systems whose integrity is protected by blockchain systems. Better information sharing will improve the efficiency of inventory management and speed up billing cycles.
Strong Supporting Systems

Collaborations with other companies, like that with ORHub, are central to SinglePoint’s success. Working with firms such as AppSwarm and SMART Cannabis Corp. (http://nnw.fm/T11oZ) has allowed SinglePoint to combine its own tech expertise with that of others, developing streamlined solutions for payment and deliveries.

Steered by a leadership team with extensive experience in technology, engineering, marketing and raising capital, the company has grown and diversified from its initial holdings, increasing its presence within the tech sector. Following the completion of its recent annual audit, it uplisted to trading on the OTCQB Venture Market.

Combining Technology and Health Care

ORHub (OTC: ORHB) is an ideal partner for SinglePoint’s step into hospital support. An advanced surgical software provider, ORHub focuses on providing real-time data capture and analytics around surgery. The company’s surgical resource management (“SRM”) software is already transforming the way hospitals deal with operating room data. It captures information before, during and after surgery, providing integrated measures previously unavailable to doctors and support staff. Hospitals and medical device vendors can use any web-enabled device to create a graphic depiction of the operation. This is then translated into an intelligent report linking every detail of surgery, creating a dynamic source of information. This allows real-time, data-driven decisions to be made that improve both patient care and profits. Accurate data reduces costs, increases accountability and improves efficiency across the board.

“We consider ORHub to be the pioneer of surgical resource management innovation and our collaboration with SinglePoint to build out transformative healthcare blockchain solutions was a logical extension of our data platform. Our vision is to change the face of surgical healthcare by dramatically lowering surgical costs, aligning physician performance with surgical efficiencies improving hospital economics and patient outcomes. The power of the intelligent data we already capture at the point of care has far reaching implications that can be better deployed through blockchain solutions to resolve the waste in time and resources that have contributed to the cost burden placed on hospitals today. We believe that blockchain inspired technology will set the stage for surgical data to evolve into a new paradigm based on a real-time shared infrastructure platform that is more transparent, more accurate, more timely, more cost effective and easy to use,” ORHub CEO Colt Melby stated in a press release announcing the partnership with SinglePoint.

Other companies are looking at applying blockchain to medical records. Among them is IBM (NYSE: IBM), which is working with the FDA to explore how blockchain can ensure the smooth and secure exchange of medical data. The two-year project is looking at how blockchain can bring together data from a variety of sources, providing unique new insights for the benefit of public health. As well as supporting the accumulation of data, blockchain will allow it to be securely stored thanks to its nature as an unalterable distributed ledger. The IBM Blockchain in Healthcare blog (http://nnw.fm/O8jTF) provides greater detail on the technology’s application and potential in the industry.

As more capabilities of digital healthcare resources are uncovered, companies such as the UnitedHealth Group (NYSE: UNH) are increasingly integrating technology into their customer solutions. The U.S.-based health insurer has launched technological solutions for such diverse aspects of healthcare as diabetes monitoring and bill payment. Indicating the company’s interest in blockchain, in April 2017 it posted a job opening for a full-time director of blockchain platforms and application development, a role within the company’s Optum Technology segment. The now-expired job description hinted at UnitedHealth’s expectation that blockchain could disrupt the healthcare industry: "We are about to disrupt healthcare by applying blockchain technologies. Here, innovation isn't about another gadget, it's about making healthcare data available wherever and whenever people need it, safely and reliably. There's no room for error."

Outside of healthcare, blockchain is developing at an ever-accelerating rate as innovators in numerous industries identify the ability of the technology to solve key industry problems. Companies like HIVE Blockchain (TSX-V: HIVE) are attracting large investments to the sector, allowing the development of the infrastructure and technology to support blockchain. As the profits from this technology increase, so do investment and advances in the sector.

Building Better Healthcare

The secure, efficient and integrated use of data is a central challenge for health providers. Patient confidentiality means that data has to be treated with great sensitivity, and this has often been a barrier to sharing information. Yet such sharing can improve public health, individual patient care and the efficiency of healthcare providers.

Blockchain offers a way to square that circle. It is secure, improves the efficiency of data sharing, and creates an incorruptible audit trail. As blockchain technology improves and is integrated with other advances in medical technology, it could provide the solution the sector needs.

For more information on SinglePoint, visit SinglePoint, Inc. (OTC: SING).

About 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.

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

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Consumers and Merchants Migrate into Cryptocurrencies in Next Market Evolution


New York, NY – February 8, 2018 – NetworkNewsWire.com News Coverage:  Until recently, cryptocurrencies were relatively mysterious to the general public of consumers, merchants and retailers who were unaware of the advantages that blockchain technologies could have in easing and securing private transactions. But free markets abhor vacuums, and several public companies are advancing programs to educate and bring the broader public into cryptocurrency transactions. SinglePoint, Inc. (OTC: SING) is aggressively making strategic acquisitions in the blockchain and cryptocurrency space, while an increasing number of recognizable industry behemoths like Overstock.com, Inc. (NASDAQ: OSTK), Microsoft, Inc. (NASDAQ: MSFT) and Tesla, Inc. (NASDAQ: TSLA) are delving into cryptocurrencies and blockchain. Others like Starbucks Corp. (NASDAQ: SBUX) have expressed optimism in its potential for consumer transactions, though stopping short of accepting bitcoin as payment.

Like any new technology, acceptance of cryptocurrencies will continue to rise as more companies offer it as a form of payment, and as consumers become more comfortable and knowledgeable using it. To this accord, companies in a wide reach of industries are staking a claim in blockchain.

TV Ads to Educate the Public

In mid-January SinglePoint, Inc. (OTC: SING) announced a collaboration with successful serial entrepreneur Kevin Harrington, who is not only known as the father of the informercial, but as the founder-creator of the As Seen On TV retail industry and an original panel member on the television series SharkTank.

The fact that SinglePoint garnered the attention of Harrington is testament to the company’s increasing brand visibility; its ability to secure a partnership with him is just one example of management’s firm grasp on business development.

“Kevin’s [Harrington’s] legendary work producing the launch of more than 500 products is just one of the many reasons we are thrilled about this partnership,” said Ralston (http://nnw.fm/6Phkt). “Impressively, 20 of Kevin’s companies have each topped $100 million in revenue. We look forward to partnering with such a visionary individual and discovering what this means for the future of SinglePoint.”

SinglePoint has already filmed a television commercial slated for a first-quarter national launch, which showcases Harrington as spokesman for SinglePoint’s crypto-currency division. The SinglePoint campaign plans to air the Harrington spot on major financial news networks, such as CNN, Fox News and others, as well as key web outlets, where Harrington will inform viewers of the advantages of SinglePoint’s payment app mobile wallet.
In the pending TV ad, Harrington will show people how to acquire tokens to their wallets, SinglePoint founder and CEO Greg Lambrecht explained in an interview (http://nnw.fm/JnN3e) with Don Baillargeon, founder and host of the Money TV investment show.

The SinglePoint television ads will not only show consumers and others how to use cryptocurrencies, but also why and where to best advantage.

One-Stop Shop

SinglePoint is one of the few pioneering companies looking to establish a “single place where you can come and have a wallet for any cryptocurrency, whether it be bitcoin, Ethereum, Litecoin, or Ripple, whatever it is, and have it all in one place,” Harrington told Baillargeon.

As he further explains, the business environment and prospects for SinglePoint’s mobile payment app is analogous to the same kind of “explosive” promise that GoDaddy.com enjoyed in the early 1990s as a single place to register various domains.

GoDaddy found success in its user-friendly, simplified business model, the idea of which SinglePoint aims to replicate for cryptocurrencies.

GoDaddy.com Déjà vu

SinglePoint is a variation on the GoDaddy business-model - that of bringing together into one place all that a consumer or business needs to operate confidently and easily with cryptocurrencies.

The cryptocurrency trend is gathering steam, which is another reason Harrington has joined SinglePoint in its endeavors.

“As bitcoin becomes more applicable, and used in more establishments—just recently the [Dallas] Mavericks, Mark Cuban’s company, started taking bitcoins for tickets, and Overstock.com, has been doing an amazing job for years taking bitcoins—I feel that generally the market will follow,” said Harrington.

“SinglePoint’s game-changing approach to serving high-risk markets is the reason that after 30 years of empowering entrepreneurs I am still excited to get to work every day. Working closely with SinglePoint’s executive team I am confident 2018 will be a phenomenal year for the company.”

SinglePoint Acquisitions

SinglePoint’s consistent track record of acquisition-based growth was bolstered earlier this week when the company uplisted to the OTCQB Venture Market. The achievement will enable the company to increase acquisition deal flow and gain access to institutional investors, adding fuel to its growth strategy.

“We are extremely pleased to be approved for OTCQB. It is a great step for SinglePoint as we continue to grow and build our footprint. Increased transparency and credibility will help broaden our shareholder base and provide additional exposure to the institutional investor community, ultimately contributing to increasing shareholder value,” SinglePoint CEO Greg Lambrecht stated in the press release (http://nnw.fm/7zv3Q).

Among other recent endeavors, SinglePoint, Inc. (OTC: SING) in January 2018 reported its plan to buy 100% of the privately held Bitcoin Beyond, a platform that enables retail merchants to accept bitcoin payments using existing web-enabled point-of-sale devices. With the acquisition, SinglePoint offers a full end-to-end purchasing experience that provides merchants and bitcoin users unprecedented capabilities.

Bitcoin Beyond was originally created to address growing demand for fast and reliable electronic-payment processing for the expanding and legal cannabis industry. Most public commercial banks, as they accept federal deposit insurance, must comply with certain federal laws and regulations that prevent serving even the legal cannabis industry. As a result, many cannabis merchants and suppliers face physical cash-management issues that require expensive and risky on-site safes, armed guards, armored cars, and physical cash transfers.

Bitcoin Beyond offers the cannabis industry a pathway to overcome the commercial banking challenges, functioning as a general-purpose point-of-sale system that processes dollar-denominated payments using bitcoin.

Building the SinglePoint Portfolio

Bitcoin Beyond is the latest addition to SinglePoint’s growing portfolio, which also includes the company’s proprietary bitcoin exchange (app.SingleSeed.com) and numerous key industry collaborations and investments.

In December SinglePoint reported it had formalized a joint-venture agreement and made the first payment to AppSwarm to start development on a delivery application that will enable licensed delivery services and licensed dispensaries to safely make in home deliveries. This agreement strengthens SinglePoint’s position in the cannabis and cryptocurrency markets, where the company continues to deepen its roots.

The company’s partnership with fintech solutions provider Global Payout (GOHE) is focused on advancing and streamlining the process involved in delivering payment applications, while its collaboration with SMART Cannabis Corp. (SCNA) provides an entry into the commercial marijuana cultivation market. The joint venture with SCNA will allow the two companies to incorporate blockchain currency into Smart Cannabis’ SMARTAPP, and sell it to growers, integrating seed-to-sale and payment mechanisms (http://nnw.fm/t2SAz).

SinglePoint plans to acquire additional companies and technologies to broaden its footprint in the emerging blockchain space and deploy its products and services to major established markets.

The Public Bets on Cryptocurrencies

If 2017 was the year cryptocurrencies entered the public consciousness, then 2018 is the year punters—that is, bettors—expect much wider adoption of cryptocurrencies to begin, reports the Betway Group, a British online betting platform that offers options to bet on sports, casinos, and various public events, such as political elections and future consumer preferences.
To date, the general financial and consumer markets—with some prominent exceptions—have not yet embraced cryptocurrencies, but certainly retailers have every incentive to accommodate consumers, including those with bitcoins to spend.

Interestingly, the recent adoption of bitcoin futures markets by the Cboe Global and CME Group (CME) allows large retailers and others to hedge their bitcoin positions, reducing exposure to a sudden decrease in bitcoin value. So the risks of holding a large number of bitcoins can now be mitigated for large retailers and other institutions as well.

New data from Betway Group show bettors expect even the largest of retailers, such as Walmart to start accepting bitcoin or crypto-currencies in 2018.

About 83.3% of bettors expect Walmart to start accepting cryptocurrencies in 2018, and 75.0% for British Airways and 66.7% for McDonalds.

Retailers and Cryptocurrencies

Overstock.com (NASDAQ: OSTK) was one of the first retailers to accept bitcoin, but the online discount-house’s CEO recently told CNNMoney he may consider selling off retail operations to focus on the 10 blockchain companies it owns. In mid-January, Polymath, a security token launch pad, reported a partnership with Overstock’s blockchain subsidiary, t0.com, Inc. (tZERO) in which Polymath is acting in an advisory role in connection with tZERO’s $250 million ICO.

Tesla (NASDAQ: TSLA) the battery and electric-car manufacturer, and potential tunnel-borer, has also launched its own blockchain currency, the Teslacoin, worth about $0.10 in late January trading. The tech-outfit said there is a permanent maximum limit of 75 million Teslacoins will ever be minted (http://www.tesla-coin.com/).

Microsoft (NASDAQ: MSFT) The software giant has blown hot and cold on bitcoin, but presently is accepting the digital currency at its Windows and Xbox online stores. Buyers can add bitcoin to their Microsoft-sanctioned digital wallets that they can then redeem as dollars. Microsoft first started accepting bitcoins for some products in 2014.

Starbucks (NASDAQ: SBUX) Executive Chairman Howard Schultz has advised that the ubiquitous coffee-shop chain does not plan to accept bitcoins. However, he expressed confidence in the potential of blockchain technology to serve as a catalyst for a “legitimate” digital currency. “I personally believe that there is going to be a one or a few legitimate trusted digital currencies off of the blockchain technology. And that legitimacy and trust in terms of its consumer application will have to be legitimatized by a brand and a brick and mortar environment, where the consumer has trust and confidence in the company that is providing the transaction,” he stated in a recent post-earnings call.

Crowd Intuition

Some have argued that the “wisdom of crowds” is a superior mechanism for divining future commercial trends than the sole reliance on expert opinion, and further that betting markets are excellent devices for predicting outcomes of elections or the introduction of new technologies.

For now, it appears the crowds expect major retailers to begin embracing cryptocurrencies, and in the not-too-distant future.

What is clear is that retailers are not in habit of putting up moats between themselves and customer money. If consumers have bitcoins or other cryptocurrencies, then retailers will follow—and the smart outfits may lead.

For more information on SinglePoint, visit SinglePoint, Inc. (OTC: SING)

About 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.

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The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
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SinglePoint Begins Trading on the OTCQB Venture Market


SEATTLE, WA / Feb. 06, 2018   / SinglePoint, Inc. (OTC PINK: SING) is pleased to announce it has been approved and is now trading on the OTCQB Venture Market, which requires a higher level of transparency and helps provide increased investor confidence through continued verification of information. Uplisting from the OTC Pink Open Market tier supports with the Company’s goals of increasing acquisition deal flow and having access to institutional investors both directly and through the open market.

“We are extremely pleased to be approved for OTCQB. It is a great step for SinglePoint as we continue to grow and build our footprint. Increased transparency and credibility will help broaden our shareholder base and provide additional exposure to the institutional investor community, ultimately contributing to increasing shareholder value,” states Greg Lambrecht CEO SinglePoint.

SinglePoint will continue to provide audited financials and plans to be fully reporting by filing a Form-10 or S-1 in the near future. The next step towards fully reporting will represent another initiative to further transparency, add credibility and increase exposure to investment banking firms.

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry.

For more information, visit: www.SinglePoint.com

Connect on social media:
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https://twitter.com/_SinglePoint_
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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.

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Source: SinglePoint, Inc.

 

How Blockchain is Transforming Payments and More


New York, NY – January 30, 2018 – NetworkNewsWire.com News Coverage:  Less than a decade ago, blockchain sounded like the fodder of science fiction; today, the technology is demonstrating its ability to revolutionize the finance industry. By stepping outside the existing payment structures, blockchain provides a new and secure way to execute financial transactions. The use of the technology is rapidly expanding, and because of the innovative nature of the technology, its wide-ranging possibilities are being explored and developed by a range of companies with unique objectives. Some, such as SinglePoint, Inc. (OTC: SING), are looking at how to integrate these technologies to provide a better service for select markets. While alarming articles predict the bursting of the “blockchain bubble,” established companies such as Bank of America Corp. (NYSE: BAC) and Mastercard, Inc. (NYSE: MA) have moved to adopt blockchain technology, signalling its acceptance by mainstream banking. Meanwhile, companies such as Bitcoin Services, Inc. (OTC: BTSC) and Discover Financial Services (NYSE: DFS) continue looking for new ways to exploit the technology’s potential.

The Future of Payment

Blockchain is a system for recording and sharing information, including financial data. Because of the way data is stored within a blockchain, there is no need for a central organization tasked with controlling records. This decentralization makes it easier to transfer data or money while reducing the risk of fraud or error. The benefits are such that the World Economic Forum has predicted that 10% of GDP will be stored on blockchain technology by 2025.

Blockchain has become famous mostly through the meteoric rise of bitcoin, which has seen the market value of cryptocurrencies rise to over $540 billion. But its use goes far beyond this. Its ability to verify clients and products is expected to lead to better records of property ownership and certification of diamonds. It could provide smart contracts that automatically pay out when success criteria are hit. By acting as a secure system for direct payments, it will reduce the need for intermediaries in financial systems, allowing people to make payments more quickly and directly.

Putting the Pieces Together

One of the companies seeking to take advantage of these capabilities is SinglePoint, Inc. (OTC: SING), which has grown from a mobile technology provider into a diverse holding company with a growing portfolio of investments in blockchain-related technology. SinglePoint’s aggressive, acquisition-based growth strategy has seen it dramatically expand its services and brand awareness in the investment community.

SinglePoint is implementing blockchain to the core of its business strategy, specifically as it pertains to the cannabis and other “high-risk” industries. By acquiring companies and technologies with established roots in blockchain services, SinglePoint can provide increasingly integrated options for blockchain-based payment systems. For example, the company’s recent agreement to acquire Bitcoin Beyond will provide SinglePoint a user-friendly point-of-sale payment system that will provide merchants and bitcoin users a range of unprecedented capabilities. Bitcoin Beyond was created to overcome the challenges of merchants in the cannabis industry, which is crippled by cash management issues due to the lack of banking options. Functioning as a general-purpose point-of-sale system, Bitcoin Beyond is poised to address the growing demand for fast and reliable electronic payment processing for the cannabis industry.

“We are thrilled with this opportunity. Acquiring Bitcoin Beyond put us ahead of what we believe merchants have access to now. This platform has by far the easiest user interface we have seen in the market, and we are confident merchants will be quick to adopt this solution as it stands as the sole alternative to traditional options offered to the cannabis industry,” SinglePoint President Wil Ralston stated in the press release (http://nnw.fm/l7DK5).

One of the advantages of the Bitcoin Beyond System is that it makes cryptocurrency transactions easy by instantly doing the conversion for USD for merchants and customers. It can process payments in bitcoin, the most popular blockchain payment system, from any web-enabled terminal available at checkout, from a cell phone or tablet to a full PC.

SinglePoint also has its own proprietary bitcoin exchange (app.singleseed.com), launched in November 2017. Customers can easily sign up using a credit or debit card, then use the system to benefit from blockchain’s quick, secure payments.

SinglePoint’s commitment to integrated solutions extends beyond acquiring companies and into collaborations. The company has agreements with various businesses, including fintech solutions provider Global Payout, to advance and streamline the process involved in delivering payment applications.

The company has also teamed up with SharkTank veteran and entrepreneur Kevin Harrington - which has led 20 companies to reach revenues of over $100 million - to develop and promote a range of cryptocurrency projects, including SinglePoint’s exchange and bitcoin payment platform and the integration of Procurrency, an e-commerce and rewards platform using blockchain currency (http://nnw.fm/qV7Xp).

With these initiatives, SinglePoint is tapping into not just one fast-growing sector but two, as many of its financial and technological solutions are geared toward cannabis merchants.

Financial Services for a New Market

With cannabis sales now legal in 29 U.S. states, and legislators opening the way to recreational as well as medical use, cannabis is a lucrative business. But federal legislation designed for the war on illegal drugs has created problems for legal cannabis businesses. Many are unable to access the financial services available to other companies and have been forced to work on a cash basis, making them vulnerable to theft and fraud. Blockchain payment systems provide them with a secure alternative to cash payments without needing to engage with banks.
Services such as SingleSeed are specifically geared toward this market, providing a much-needed product for a growing industry. SinglePoint’s blockchain-based services allow secure payments for cannabis merchants. Its collaborations with other companies, including developing mobile apps with AppSwarm, ensure that these services are easily accessible. SinglePoint’s willingness to move quickly is vital in these fast-growing sectors. The AppSwarm collaboration began with an aim to launch their first app within 90 days.

SinglePoint’s services for the cannabis sector show how blockchain technology and the companies behind it can provide more than just financial solutions. The work with AppSwarm will allow safe delivery to customers in their homes, increasing the speed, security, and efficiency of the cannabis supply chain.

The technology provided by SinglePoint goes beyond just a payment system. It also provides vendors with a system to digitally track their inventories, provide information about products to customers, and automatically remove products from the inventory once sold. Though this is currently targeted at cannabis suppliers, it is a system that could be useful for any cash-based business looking for a more secure way to operate. Thanks to money from the fast-growing legal cannabis market, SinglePoint, Inc. (OTC: SING) is creating software that will be useful for all manner of small businesses.

SinglePoint’s interest in integrating systems and supply chains extends into other parts of the cannabis industry. The company recently established a joint venture with Smart Cannabis, making a major move into California’s cannabis market before blanket marijuana legalization in that state. Having previously acquired Discount Indoor Garden Supply in California and invested in California-based cannabis equipment supplier Convectium, SinglePoint is now the owner or investor in products and services covering the whole cannabis supply chain. It is in a position to provide the same sort of integrated services it has pioneered in blockchain payments.

The partnership with Smart Cannabis is particularly valuable in capturing market share within California’s red-hot commercial marijuana cultivation market. Smart Cannabis provides a range of innovative products for cannabis growers, including automated greenhouse systems and a unique seed-to-sale app. Seed-to-sale systems are important in managing cannabis sales and ensuring compliance with government regulations. The joint venture will allow the two companies to incorporate blockchain currency into Smart Cannabis’ SMARTAPP and sell it to growers, integrating seed-to-sale and payment mechanisms (http://nnw.fm/t2SAz).

The Bigger Picture on Blockchain

While SinglePoint is providing some of the most interesting examples of integrated systems using blockchain, an increasing number of companies are also exploring the services this technology can provide.

Bank of America (NYSE: BAC), the second largest bank in America and the largest wealth management company in the world, has long distanced itself from bitcoin, the leading blockchain currency. But as the holder of at least 27 blockchain patents and 39 relating to cryptocurrency, including some for exchanging currencies, it is clear that the bank is interested in the broader technologies. CEO Brian Moynihan has played down the bank’s interest in cryptocurrencies, even as his organisation prepares for a future built around blockchain.
Mastercard (NYSE: MA), one of the largest payment processing companies in the world, prides itself on its forward-looking approach to finance, listing “Putting technology first” among its areas of focus. It has repeatedly shown an interest in blockchain. In a patent filed on the 9th of November 2017, it set out details for a blockchain database that would reduce delays in payment transfers. Like Bank of America, its leaders are pro-blockchain but anti-bitcoin.

Bitcoin Services (OTC: BTSC) provides support services for people dealing in the most prominent blockchain currency, bitcoin. The company is also working on developing blockchain software, as this technology keeps moving forward.

Direct banking and payments company Discover Financial Services (NYSE: DFS) has singled out blockchain as one of the most important technologies shaping the future of payments. Describing blockchain as secure, transparent, and closer in the way it works to cash than to card payments, Discover has identified the technology as one to keep an eye on. Though the company has not yet announced any blockchain innovations of its own, comments on its Discover Network suggest it is preparing its customers for a blockchain future (http://nnw.fm/BlW3O).

Like any transformative technology, blockchain creates challenges as well as benefits. It relies on large data sets, meaning that new infrastructure may be needed to support widespread use. Its ability to provide direct payments with a minimal data trail has created concerns about money laundering and regulatory oversight. But the genie is out of the bottle, and given its benefits, the question isn’t whether anyone will overcome these challenges, it is who will.

For more information on SinglePoint, visit SinglePoint, Inc. (OTC: SING)

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services from NetworkWire, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. 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, please visit https://www.NetworkNewsWire.com

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The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

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Bitcoin’s Rise Speeds the Adoption of Cryptocurrency-Based Payment Solutions



New York, NY – January 9, 2018 – NetworkNewsWire.com News Coverage:  The meteoric rise in the price of bitcoin in 2017, from just under $1,000 to above $15,000 at year-end, has attracted the attention of investors around the world. Powered by the blockchain, the distributed ledger technology which verifies transactions without the need for third-party validation, the cryptocurrency made great strides during the past year in achieving acceptance by businesses willing to accept it as a means of payment. Investors looking beyond bitcoin itself to find companies that stand to benefit from the growing usage of bitcoin for commercial transactions have a number of options to choose from, including SinglePoint, Inc. (OTC: SING) and Square, Inc. (NYSE: SQ). Even industry behemoths like Discover Financial Services (NYSE: DFS), International Business Machines Corp. (NYSE: IBM) and Mastercard, Inc. (NYSE: MA) are getting on board to one degree or another, poised to take advantage of the disruptive potential of cryptocurrencies to facilitate the payment process.

SinglePoint, Inc. (OTC: SING) has established itself in the burgeoning market for cryptocurrency transaction platforms. Through diversification into horizontal markets, SinglePoint has developed from a full-service mobile technology provider into a holding company focused on building its portfolio by acquiring interests in undervalued subsidiaries. The company has developed, through its SingleSeed subsidiary, a proprietary bitcoin payments solution designed to allow cannabis merchants and customers to use bitcoin-enabled debit and credit cards to conduct transactions. SinglePoint’s solution is in full compliance with KYC-AML and is eligible for deployment in all types of businesses, giving it potential beyond the cannabis market.

A cryptocurrency like bitcoin has the potential to help serve the needs of under-banked markets such as the cannabis industry. The classification of cannabis as a Schedule 1 drug at the federal level under the Controlled Substances Act prevents most industry merchants from using traditional banking services. This makes such businesses virtually unbankable, forcing them to deal in cash with all the inconvenience that can bring.

With its SingleSeed Payments platform, SinglePoint has taken the lead in the U.S. in payment solutions for the industry. This platform provides customers in any state where marijuana is legal the convenience of transacting bitcoin-enabled purchases with their debit and credit cards, similar to how they would use these cards to purchase any other item. SingleSeed Payments also allow cannabis dispensaries to digitally keep track of product inventories and to upload product data like photos and descriptions. When products are purchased the system automatically accounts for the reduction in inventory in the merchant’s product listings.

This proprietary bitcoin exchange (app.singlessed.com) underwent a soft launch on November 15, 2017, with an official launch planned for the first quarter of 2018. Even if cannabis is legalized at the federal level at some future time, the SingleSeed app is poised to expand its use as an effective tool for handling retail cannabis payments using cryptocurrency. Ultimately, the company hopes to provide a completely integrated solution that can be used by all types of businesses for end-to-end management of their day-to-day business operations.

After achieving significant growth in 2017, SinglePoint, Inc. (OTC: SING) is well prepared to continue this trajectory in 2018. The company has formalized a joint-venture agreement that it had previously announced with AppSwarm (SWRM) to begin development on an application that will make it possible for licensed cannabis delivery services and dispensaries to safely make in home deliveries. Through this and other agreements and partnerships and product offerings, SinglePoint has positioned itself in the forefront of both the cannabis and cryptocurrency markets.

The company has entered into an agreement to advance and streamline the process involving the delivery of payment applications with Global Payout (GOHE), a provider of customized financial technology solutions. SinglePoint hopes to leverage its expertise in mobile payments and associated mobile offerings to work with Global Payment’s MoneyTrac (“MTRAC”) subsidiary, which is developing payment solutions for the cannabis industry, to further the optimization of its technology platform and add value to the services it offers.

SinglePoint President Wil Ralston recently stated: “Through strategic joint ventures and inside development of applications we are pushing hard on providing a compliant solution to the cannabis industry. Our team and others have worked well in collaboration, and believe we are not far away from an official launch of this solution in the first quarter of 2018.”

SinglePoint has also formed another strategic joint venture, in this case with Smart Cannabis Corp (SCNA). Smart Cannabis provides automated greenhouse systems as well as its unique SMART APP, which offers seed-to-sale monitoring and automation for cannabis growers. The firm is one of the few companies in the cannabis sector which is profitable. The SMART APP enables cultivators to control their operations from a mobile device. The two companies plan to collaborate to integrate the app with SinglePoint’s bitcoin payment solution, enabling cultivators to accept payment for their product through the payment application, improving the safety and security of such transactions.

“Cultivators need a solution to secure their payments. We are looking to provide a solution that can be used from seed to sale, the entire life cycle. The transaction from a cultivator to a processor or dispensary can be huge, over $150,000 per transaction, and it is simply not safe or efficient to carry that kind of cash to a transaction,” Ralston stated. With California legalizing recreational marijuana sales in 2018, this partnership helps position SinglePoint to serve the expected increase in business in the state. The company has taken other steps to position itself to benefit from the legalization of cannabis in California, including acquiring California-based Discount Indoor Garden Supply and investing in Convectium, a cannabis equipment supplier located in the state.

Legal marijuana sales are currently experiencing robust growth. Sales are slated to amount to approximately $9.7 billion in North America in 2017, 33 percent higher than in 2016, with industry observers forecasting the market to rise to upward of $24.5 billion in sales by 2021, according to an article in Business Insider (http://nnw.fm/G6fKK). With the cannabis industry ideally suited to pioneer the practice of fully blending cryptocurrencies into its day-to-day operating practices, SinglePoint has positioned itself to offer industry participants a solution that helps them efficiently integrate bitcoin-based payments into their operations. As a result, the company is well placed to take advantage of the tremendous growth expected in the sector.

Building on the company’s success in 2017, SinglePoint’s management team plans to undertake an aggressive expansion strategy. Management believes the multiple joint ventures and agreements the company has signed will provide fruitful results going forward, and plans to continue the strategy of making acquisitions, which has been a powerful catalyst for corporate growth, in 2018. SinglePoint’s management remains bullish on the use of bitcoin and blockchain technologies to solve key issues in the cannabis markets, and will seek out companies to acquire and partner with to bring solutions to this growing market throughout the year.

Another company which has taken steps to offer consumers the ability to participate in the cryptocurrency revolution is Square, Inc. (NYSE: SQ), which provides credit card payment processing solutions. The company also offers point-of-sale services, financial services, and marketing services. The company has released a beta trial enabling users to buy and sell bitcoin on its cash app. The move was welcomed by investors who bid the company’s stock up more than 100 percent in 2017, as it rose from the approximately $15 in January to end the year at $34.67.

A major financial services firm which is closely watching the cryptocurrency space and the development of blockchain technology is Discover Financial Services (NYSE: DFS), a direct banking and payment services company that is one of the largest U.S.-based card issuers. The company issues the Discover card and offers a variety of loans and other services through its direct banking network. In an article on the Discover Global Network, bitcoin and other types of payments driven by blockchain technology were described as being even more like cash than a debit transaction would be, meaning that industries beyond payment technology may want to consider how blockchain technology could be used to help add efficiency to the management of data and information.

A well-known name in computer technology for decades, IBM (NYSE: IBM) has wasted no time in taking steps to capitalize on the power of the blockchain. The company recently started processing payments between banks in the South Pacific using a proprietary blockchain platform it developed. Another notable example of IBM’s use of the blockchain is its partnership with mega retailer Walmart to utilize a combination of IoT (Internet of Things) sensors along with the blockchain to track produce from farm to fork, allowing for the rapid removal of any product which experiences quality issues. Traditionally, paper tracking systems have been used for this purpose, which can allow for inaccuracies and slow down the process of tracing food products. Using the blockchain, tracking information on a product can be called up in as little as 2.2 seconds rather than the multiple days it might have taken previously.

Global payments technology giant Mastercard (NYSE: MA) is another major corporation making a move to utilize the blockchain technology underlying cryptocurrencies such as bitcoin for payment processing. The company is now allowing some customers to send money via a blockchain instead of swiping a credit card. Mastercard has developed its own blockchain which it has announced is now available to certain banks and merchants to use to send payments for goods and services. Mastercard joins its fellow fortune 500 company IBM in allowing payments to be made over a proprietary blockchain system.

Mastercard’s blockchain is different from IBM’s in that, while the IBM blockchain utilizes Lumens, a virtual currency developed by the non-profit Stellar, the Mastercard blockchain doesn’t use a cryptocurrency to operate, instead accepting payments only in traditional local money. In addition to payments, Mastercard also envisions the use of the blockchain for applications such as tracking the movement of goods such as pharmaceuticals or luxury goods, providing authenticity data for these goods and thereby reducing fraud.

The stunning ascent in bitcoin’s price in 2017 has helped pave the way for the use of the cryptocurrency and the blockchain technology on which it is based for a number of business purposes, among the most promising being the processing of payments where the transparency and efficiency of the technology improves existing practices. Given the hurdles to conducting cannabis transactions through traditional banking networks, this industry is among the most prominent targets for the use of bitcoin in this manner. The companies mentioned above are all positioned to play a major role in the developing trend of blockchain and cryptocurrency-based payment solutions, making them worthy of further investigation by investors looking to capitalize on the disruptive power of cryptocurrencies and the technology behind them.

For more information on SinglePoint, visit: SinglePoint, Inc. (OTC: SING)

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. 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.

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Despite Cryptocurrency Skepticisms, Standout Players Continue to Ride the Meteoric Rise of Bitcoin



New York, NY – December 19, 2017 – NetworkNewsWire.com News Coverage:  While skepticism of bitcoin remains, this most popular of the cryptocurrencies continues skyrocketing in value and gaining traction in various industries. Cryptocurrencies like bitcoin are proving especially valuable as a solution for high-risk industries like cannabis, which remains largely unbanked in the United States due to marijuana’s continued status as a Schedule 1 drug under the Controlled Substances Act. Enterprising companies like SinglePoint, Inc. (OTC: SING) are utilizing cryptocurrency as a means of bypassing federal restrictions and providing cannabis businesses with the financial transaction solutions they so critically need. SinglePoint recently entered into a multiphase joint venture with Smart Cannabis Corp. (OTC: SCNA) relative to this endeavor, and through this and other strategic joint ventures, collaborations and internal application development is energetically striving to provide a compliant payments solution for the cannabis industry. Other standout players exemplifying the big potential of cryptocurrency-related ventures include Bitcoin Services Inc. (OTC: BTSC), Square, Inc. (NYSE: SQ) and PayPal Holdings, Inc. (NASDAQ: PYPL).

Whether you are skeptical about bitcoin and other cryptocurrencies or believe the future of finance lies within them, the steamrolling growth of these virtual currencies is undeniable. Earlier this year in Japan, cryptocurrencies became nationally recognized as a legal form of payment, and initial coin offerings (ICOs) have jumped from raising just a few hundred million dollars in 2016 to raising more than $3 billion in 2017 (http://cnw.fm/zs5Ky). So far during December, bitcoin has broken the $17,000 mark in terms of value per coin, which is an astronomical rise from where the cryptocurrency sat at the commencement of 2017—just under $1,000 per coin as of Jan. 1 (http://cnw.fm/1KnDQ).

In serving unbanked and under-banked markets like the cannabis industry, the potential of cryptocurrency is clear. And even if marijuana becomes federally legal in the United States, the crypto solutions being pioneered by companies like SinglePoint, Inc. (OTC: SING) will continue to have application in serving these and other enterprises—both high-risk and low.

SinglePoint has become a first mover in the U.S. with its proprietary bitcoin payments solution, which enables cannabis merchants and customers to respectively sell and purchase marijuana and marijuana-related products using credit and debit cards through the vehicle of bitcoin. The solution is fully KYC-AML compliant and can be deployed in any business, so while it is designed to serve cannabis businesses its potential doesn’t end there.

The solution, known as SingleSeed Payments, can be used in any state where marijuana enjoys legal status. Customers can sign up for the service at the point of sale or set up an account prior to visiting a cannabis dispensary. They can then conveniently make bitcoin-powered purchases using their debit and credit cards, just as they would buy any type of merchandise in any other type of store.

SinglePoint’s solution will also allow marijuana dispensaries to digitally track their product inventories and upload related data, such as photos and product descriptions. When a customer purchases a product, it will be automatically deducted from the merchant’s inventory listings.

SinglePoint’s proprietary bitcoin exchange (app.singleseed.com) was soft-launched on Nov. 15, and its official launch is slated for the first quarter of 2018.

If at a future point the U.S. government legalizes marijuana at the federal level, SinglePoint’s solution will be poised to spread even farther as an optimal means of processing retail cannabis payments via cryptocurrency. The company’s ultimate goal is to offer a fully integrated solution that will enable businesses of all kinds—not just cannabis enterprises—to manage their day-to-day operations from start to finish.

Key components of SinglePoint’s expansion strategies include acquisitions and partnerships, and the company has been pursuing both with aplomb as it solidifies its position within the cannabis and cryptocurrency markets. As previously mentioned, SinglePoint, Inc. (OTC: SING) recently entered into a joint venture with Smart Cannabis (OTC: SCNA), having identified the joint venture as another prime opportunity to make a major move into California before blanket marijuana legalization takes place in that state in January. SinglePoint previously acquired Discount Indoor Garden Supply in California (http://cnw.fm/DIeU0) and also invested in California-based cannabis equipment supplier Convectium (http://cnw.fm/5rA5a).

In partnering with Smart Cannabis, SinglePoint gains a unique opportunity to capture significant market share within California’s explosive commercial marijuana cultivation market. Smart Cannabis’ products include automated greenhouse systems and a unique seed-to-sale app for marijuana growers. Through this joint venture, the two companies plan to license Smart Cannabis’ SMARTAPP and sell it to growers as well as incorporate bitcoin currency on the app, making it both a seed-to-sale and payment mechanism.

SinglePoint has also formalized a previously announced joint venture agreement with AppSwarm (SWRM) to begin developing a proprietary delivery application allowing licensed delivery companies and licensed cannabis dispensaries to securely and safely make in-home deliveries of marijuana products.

In yet another move to strengthen SinglePoint’s footing within the cannabis and cryptocurrency markets, the company has signed an agreement with leading fintech solutions provider Global Payout (GOHE) to advance and streamline the process involved in delivering payment applications. MoneyTrac Technology, Inc. (“MTRAC”), a majority-owned subsidiary of Global Payout, is at the vanguard of developing various payment solutions within the cannabis industry and has executed numerous recent partnerships to significantly expand its network within the marijuana market. SinglePoint plans to leverage its own mobile payments expertise and other mobile services to further bolster MTRAC’s technology platform and add value to its services.

“Through strategic joint ventures and inside development of applications we are pushing hard on providing a compliant solution to the cannabis industry,” SinglePoint President Wil Ralston said, as quoted in a recent press release (http://cnw.fm/jXT2M). “Our team and others have worked well in collaboration, and believe we are not far away from an official launch of this solution in the first quarter of 2018. This will be a major step for SinglePoint and our partners.”

Strategic acquisitions have fostered significant corporate growth for SinglePoint, and the company’s management team is preparing to make further acquisitions and also to invest a substantial amount of equity and cash into other companies during 2018.

As management noted in a recent recap of 2017 (http://cnw.fm/7uW3w), SinglePoint entered into a rapid pace of growth at the outset of the year and recently marked a corporate milestone as it notched a $100 million-dollar market cap. SinglePoint has also brought in just over $1 million in funding and has access to an additional $3 million, and the company has increased revenue and assets throughout the year and foresees significant increases during 2018.

The validity of cryptocurrency-related ventures is also being exemplified in the activities of players like Bitcoin Services (OTC: BTSC), which, among its endeavors, provides bitcoin escrow services, develops and commercializes blockchain software, and also mines cryptocurrency. BTSC’s stock has made an impressive jump during 2017, starting out the year at just $0.01 per share and climbing to a YTD high of $0.45 per share near the end of November. This year, BTSC formed Crypto Capital Corp., a new subsidiary, to develop a crypto wallet that will let users securely store various digital currencies in one wallet.

Major names like Square (NYSE: SQ) and PayPal (NASDAQ: PYPL) are also breaking into the cryptocurrency space, with Square recently launching a trial that allows some of its Cash App users to buy and sell bitcoin (http://nnw.fm/3kzWT) and PayPal empowering its users to purchase bitcoin through marketplaces like Paxful.

While the future of cryptocurrencies like bitcoin is hotly debated, there is no denying the current superstar status of these virtual moneys. As the value of bitcoin continues to climb and climb, more and more major players are looking for ways to get involved. Enterprising companies like those named are demonstrating that, whether cryptocurrency represents the future of commerce or is just a fad with a bubble that is certain to burst, it continues to be a hot commodity in the present and has definite application in serving major markets like the cannabis industry.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com 
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with CNW or any company mentioned herein. The commentary, views and opinions expressed in this release by CNW are solely those of CNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW and FNM for any investment decisions by their readers or subscribers. CNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.
CNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW and FNM undertake no obligation to update such statements.
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SinglePoint Expands Roster of Strategic Agreements and Joint Ventures, Covers Upcoming Key Initiatives in Recap of a Successful 2017


SEATTLE, WA /  Dec 12, 2017   / SinglePoint, Inc. (OTC PINK: SING) today announces key advances in its corporate mission with the launch of additional joint ventures and the closing of new deals within existing agreements. SinglePoint has achieved considerable growth in 2017, and management today also provides a recap of achievements over the last year, as well as details key initiatives for 2018.

Strategic Agreements and Joint Venturesz

Strategic acquisitions and partnerships play an integral role in SinglePoint’s expansion strategies. The Company is pleased to report that it has formalized its previously announced joint-venture agreement and made the first payment to AppSwarm (OTC:SWRM) to start development on a proprietary delivery application that will enable licensed delivery services and licensed dispensaries to safely make in home deliveries. This agreement specifically strengthens SinglePoint’s position in the cannabis and cryptocurrency markets.

SinglePoint has also signed an agreement with Global Payout (OTC:GOHE), a leading provider of comprehensive and customized financial technology solutions for domestic and international organizations, to advance and streamline the process involving the delivery of payment applications. Global Payout’s majority owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”) is at the forefront of developing a variety of payment solutions within the multibillion dollar cannabis industry and has executed a number of partnerships in recent months that has significantly expanded their network within one of the fastest growing industries. It is SinglePoint’s intent to leverage its expertise in mobile payments and other mobile offerings to further optimize MTRAC’s technology platform and bring additional value to their services.

“Through strategic joint ventures and inside development of applications we are pushing hard on providing a compliant solution to the cannabis industry. Our team and others have worked well in collaboration, and believe we are not far away from an official launch of this solution in the first quarter of 2018. This will be a major step for SinglePoint and our partners,” states SinglePoint President Wil Ralston.

SinglePoint also recently entered in a multi-phase joint venture with Smart Cannabis Corp. (OTC:SCNA). The Company has identified this joint venture as another opportunity to make a big move into the State of California before it fully legalizes marijuana in January 2018. This move is projected to boost California’s contribution to the U.S. marijuana industry (expected to reach $50 billion annually by 2026) by $7 billion. Smart Cannabis, whose products are automated greenhouse systems, and a unique SMARTAPP software automation and monitoring system, is one of the few profitable companies in the cannabis market sector. Smart Cannabis Vice President Don Smith said, "Our joint venture with SinglePoint provides both companies a unique opportunity to capture a large marketshare of the explosive commercial cultivation market in California." SinglePoint has already acquired one company in California and has invested in another.

End of Year Recap, Forecast for Remainder of 2017

SinglePoint entered into a rapid pace of growth at the beginning of 2017, and this month achieved a corporate milestone of notching a $100 million-dollar market cap. Additionally, SinglePoint has brought in just over $1 million in funding with access to an additional $3 million. Solidifying the financials SinglePoint has increased revenue and assets throughout 2017 and anticipates significant increases throughout 2018.

SinglePoint’s management team is highly optimistic that the Company will continue to see significant revenue growth through the end of the fourth quarter, as it currently has many opportunities in the pipeline. This momentum is due to increased deal flow as the Company has grown throughout the cannabis and cryptocurrency verticals.

Most recently SinglePoint entered into negotiations with a transactional bitcoin platform expected to add considerable value to the Company and its payments offerings. This week, management will head to Los Angeles to kick off its bitcoin payments platform and take advantage of networking opportunities for possible partnerships and acquisitions.

Recognizing the value of multimedia to brand awareness, SinglePoint is filming a commercial to showcase the bitcoin solution. Once production is complete, the Company plans to launch a national ad campaign to increase awareness for consumers and drive new customers to utilize the platform.

SinglePoint has also sponsored an event in which dispensary and cultivators are the main attendees. To sign new accounts, SinglePoint will run demos of its bitcoin payments solution and aforementioned SMART APP recently licensed from Smart Cannabis Corp.

Pivoting from its many successes in 2017 and its improved corporate and financial position, SinglePoint forecasts a significant increase in revenues at the end of the fourth quarter.

Outlook for 2018

As noted above, SinglePoint manages an aggressive expansion strategy, and has signed multiple joint ventures and agreements that management believes will provide fruitful results. Acquisitions have been a powerful catalyst of corporate growth for SinglePoint, and management is gearing up to make additional acquisitions and plans to invest a significant amount of equity and cash into additional companies in 2018.

As the Company pursues continued growth through acquisitions and internal developments, management remains bullish on bitcoin and blockchain technologies that solve key issues in the cannabis markets. Capturing its share of opportunity in these markets, SinglePoint will look for companies to acquire and partner with to bring solutions to this major market.

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com

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.

Contact:
SinglePoint, Inc.
www.SinglePoint.com
Greg Lambrecht
602.481.1544

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Source:  SinglePoint, Inc.

SinglePoint and Smart Cannabis Corp. Sign Joint Venture to Integrate, Distribute ‘SMART APP’ for Cannabis Businesses


SEATTLE, WA /  Dec 5, 2017   / SinglePoint, Inc. (OTC PINK: SING) today announces a joint venture relationship with Smart Cannabis Corporation (OTC:SCNA) (www.smartcannabis.com) in which SinglePoint will license and market Smart Cannabis’ SMART APP, an industry specific application that enables cultivators to control entire operations from a mobile device. The SMART APP is leading the way in efficiently cultivating cannabis through the introduction of IoT technology (Internet of Things) to greenhouses. This SMART APP IoT technology measures everything from nutrient levels in soil to watering cycles, to parts per million of carbon dioxide in the air. SinglePoint and Smart Cannabis Corp. will also work together to integrate SinglePoint’s bitcoin payment solution. This gives cultivators the ability to collect payment for their sales via the payment application, making for a safer and more secure transaction.

“Cultivators need a solution to secure their payments. We are looking to provide a solution that can be used from seed to sale, the entire life cycle. The transaction from a cultivator to a processor or dispensary can be huge, over $150,000 per transaction, and it is simply not safe or efficient to carry that kind of cash to a transaction. We believe we can help secure and track this transaction with our solution,” states SinglePoint President Wil Ralston.

Additionally, SinglePoint and Smart Cannabis Corp. will work together to finalize a track and trace solution. This solution, already available for Smart Cannabis cultivator customers, be developed by SinglePoint and deployed to a consumer base that will bring the solution full circle.

“Consumers who walk into a dispensary, where a cultivator is using our system, will be able to see how, when, and where the product was grown. There is no other system on the market like it and we plan to be the first company to use transparent and traceable blockchain technology to bring this “track and trace” product knowledge to consumers,” said Ralston.

John Taylor, president of Smart Cannabis Corp., said the company is excited to “team up” with SinglePoint.

“They are an ideal partner for us to expand our business beyond California for both our current products, our line of innovative automation, and our trace and tracking software solution for cultivators. This joint venture with SinglePoint will give us the ability to market our products on a broader scale. In addition, we believe the uptrend in cryptocurrency use in the cannabis marketplace will continue to expand, and being part of their exchange will help us grow our base business.”

SinglePoint is moving into what has been labeled as California’s “Green Rush” in a big way. Through joint ventures and acquisitions the company has solidified its beachhead in a state that projects annual cannabis sales around $7 billion. According to Grand View Research, the medical marijuana market is expected to reach a value of USD $55.8 billion by 2025. SinglePoint and Smart Cannabis Corporation are moving into this major market offering top tier solutions that will drive revenue for both companies.

“We are very impressed with the results that Smart Cannabis has quickly achieved in California, and we believe this relationship with them provides a great deal of synergy, both in California and in the nationwide cannabis business. The company is building a truly innovative product. Our expertise in payment processing and point of sale systems is a perfect fit for the track and trace technology they have developed to date. Our overall goal is to have a fully integrated solution for businesses to manage their day-to-day operations from beginning to end, and Smart Cannabis operates to that same goal with their automated greenhouse solutions. We are glad they have turned to us to collaborate on their software solutions, and to be a part of our bitcoin exchange,” said Greg Lambrecht, CEO and founder of SinglePoint.

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Source:  SinglePoint, Inc.

 

Companies Offer Intriguing Investment Opportunities as Bitcoin Continues Smashing Records


New York, NY – November 29, 2017 – NetworkNewsWire.com News Coverage:  In just two months’ time, rising superstar bitcoin has almost doubled its trading record. This leading cryptocurrency, which has continued to shatter its own records again and again this year, broke the $5,000 ceiling in September and is now closing in on $10,000 just under two months later. Bitcoin is definitely a hot ticket among investors right now, but not all investors want to put money into this cryptocurrency directly. Various enterprising companies emerging within the marketplace are providing promising ancillary investment options for those seeking to cash in on bitcoin’s rising star without investing directly in it. Such companies include SinglePoint, Inc. (OTC: SING), Bitcoin Investment Trust (OTC: GBTC), Bitcoin Services, Inc. (OTC: BTSC), HIVE Blockchain Technologies Ltd. (TSX-V: HIVE) and Riot Blockchain, Inc. (NASDAQ: RIOT).

On Nov. 15, holding company SinglePoint (OTC: SING) soft-launched its much-anticipated proprietary bitcoin exchange (app.singleseed.com), which is aimed at solving payment problems related to high-risk transactions — specifically those plaguing another red-hot industry: cannabis.

In the United States, SinglePoint has become a first mover with its proprietary bitcoin payments solution, which is making it possible for marijuana vendors and users to conduct transactions using debit and credit cards via the vehicle of bitcoin. Due to continued federal restrictions, the majority of cannabis merchants operating in the U.S. have had to conduct their transactions in cash only, which poses many problems and inconveniences. SinglePoint’s innovative solution, however, is changing all that.

Designed to serve cannabis businesses but also having application that goes beyond them, SinglePoint’s solution is fully KYC-AML compliant and can be used by any business. For marijuana vendors specifically, it can be utilized within any of the states where marijuana currently has a legal status. It is designed as a payment service that enables instant bitcoin-powered purchases using credit and debit cards. Through a user-friendly signup form and ID verification, customers can set up accounts online prior to visiting a cannabis merchant, or they can sign up in just seconds at the point of sale.

In addition to making card-based transactions possible for “unbankable” cannabis vendors, SinglePoint’s solution enables dispensaries to digitally track their inventories and upload inventory-related data, including photos and product descriptions. Once a customer purchases a product, it is automatically deducted from a dispensary’s inventory listings.

Beyond changing the game for U.S. cannabis businesses, this pioneering payment exchange can, and likely will, go even further, enabling businesses of all types — in both high-risk and low-risk markets — to conduct instant card-based transactions that are powered by bitcoin.

Through an aggressive, acquisition-based growth strategy, SinglePoint continues finding great success. Its price per share rose from $0.01 in early January 2017 to more than $0.07 in November. The highly anticipated launch of the company’s bitcoin payments solution serves as yet another indicator of SinglePoint’s sustained growth.

An updated investor kit (http://cnw.fm/JM9ee) details SinglePoint’s products, leadership team and investor highlights and provides key insights into the company’s goals.

Another entity that enables individuals to invest in bitcoin without actually having to buy, store or safeguard the cryptocurrency is Bitcoin Investment Trust (OTCQX: GBTC), a U.S.-based, open-ended grantor trust that is sponsored by Grayscale Investments. Invested exclusively in bitcoin, GBTC has stood out as the first publicly quoted bitcoin investment vehicle, allowing U.S.-based investors to gain exposure to bitcoin’s price gains through a traditional investment vehicle without the need to purchase, store or protect bitcoin. GBTC was named among OTC Market Group’s “OTCQX Best 50” for 2017, and its price per share has skyrocketed in the past year, soaring from $103.30 on Nov. 28, 2016, to $1,297.98 as of Nov. 27, 2017.

Another player offering bitcoin-related ancillary services is Bitcoin Services, Inc. (OTC: BTSC). Like SinglePoint, BTSC began 2017 with a price per share of just $0.01 but has since climbed to $0.35 as of Nov. 27. Among its offerings, BTSC provides bitcoin escrow services and also develops and commercializes blockchain software. BTSC is additionally engaged in mining cryptocurrency. During 2017, BTSC formed a new subsidiary, Crypto Capital Corp., with the intention of developing a crypto wallet that allows users to securely store multiple digital currencies in one wallet.

Listed on Canada’s TSX.V exchange, HIVE Blockchain Technologies (TSX-V: HIVE) is another crypto-related player that stands out, having made its mark as the first publicly listed blockchain infrastructure company to create a bridge between blockchain/cryptocurrencies and traditional capital markets. Growth-oriented HIVE is engaged in a strategic partnership with Genesis Mining Ltd., with the aim of building the next generation of blockchain infrastructure. The company owns cutting-edge GPU-based digital currency mining facilities in Iceland that produce mined digital currency around the clock, and HIVE further has an option to acquire at least three more data centers in Iceland and/or Sweden from Genesis Mining. HIVE has the ability to accelerate the blockchain sector’s development through traditional capital markets while simultaneously creating long-term value for shareholders. HIVE boasts low working capital requirements, allowing the strategic sale of coins for maximum profit; and the company’s robust balance sheet also offers the flexibility to pursue additional blockchain opportunities.

A builder and supporter of blockchain technologies that has garnered huge investor attention in recent weeks is Riot Blockchain, Inc. (NASDAQ: RIOT), which formerly operated as Bioptix, Inc. In October, Bioptix announced it was rebranding and entering the digital currency space, with a focus on purchasing cryptocurrency and blockchain businesses. In the days before this announcement had even been officially made, the penny stock almost doubled in value. While RIOT still operates its Bioptix business segment, the company’s new focus is on becoming a premier blockchain authority and supporter and on providing investment exposure to the bitcoin and blockchain ecosystems.

Despite naysayers who make gloomy predictions of a bitcoin bubble, the cryptocurrency continues its incredible climb and a single bitcoin is now seven times more valuable than an ounce of gold. For those seeking alternative routes to bitcoin investment, the named companies may provide intriguing opportunities.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com 

About CannabisNewsWire
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Meteoric Rise of Bitcoin, Open Embracing of Blockchain by Sector Majors


New York, NY – November 16, 2017 – NetworkNewsWire.com News Coverage:  The price of bitcoin recently hit an all-time high of more than $7,800, edging closer to Goldman Sachs’ (NYSE: GS) forecast that the cryptocurrency will hit $8,000. This projection echoes increasing interest and application for cryptocurrency, as demonstrated by several public companies such as high-tech payment processing solutions provider SinglePoint, Inc. (OTC PINK: SING), which stands at the nexus of two roaring industries: cryptocurrency and cannabis. The widespread applicability of blockchain technology to multiple industries, combined with investor’s insatiable appetite for bitcoin and other cryptocurrencies, has also lit a fire under sector players Bitcoin Investment Trust (OTC: GBTC), HIVE Blockchain Technologies Ltd. (TSX-V: HIVE), Global Blockchain Technologies Corp. (OTC: BLKCF) and Bitcoin Services, Inc. (OTC: BTSC).

SinglePoint, Inc. (OTC PINK: SING) in 2010 cut its teeth in payment innovations as a pioneer of payment enabled text messaging. But as CEO of SinglePoint, Greg Lambrecht recently explained in an interview, the company is not resting on its laurels and is making significant strides to stay ahead of the curve (http://cnw.fm/gH8Pw).

Earlier this week, the company announced the soft launch of a bitcoin exchange (app.singleseed.com) designed to solve the specific payment challenges in the cannabis industry. Recognizing that the cannabis payments space lacks a leading solutions provider, SinglePoint cites demand for convenience as the primary driver for building the app, which will process credit or debit cards – something unique to the cash-only transaction model currently used in the cannabis industry due to federal regulations and banks’ hesitancy to provide services to cannabis businesses. Through an easy-to-use sign up form and ID verification, SinglePoint’s exchange will enable customers to set up their account online beforehand or sign up within seconds directly at the point of sale.

“We are very pleased with what we have built out and executed on with this solution. SinglePoint now has a base to continue innovating on for the cannabis payments space. Businesses are contacting us daily about payment services and with this solution we feel confident we will be on boarding many of these customers. This is just the beginning of a solution that will ultimately serve cannabis businesses much beyond payments. The overall goal is to have a fully integrated solution for businesses to manage their day-to-day operations from beginning to end,” Wil Ralston, president of SinglePoint stated in the press release (http://cnw.fm/uE1c7).

The new solution can be utilized by any business from convenience stores to dispensaries in the 29 legal states and District of Columbia.

SinglePoint also utilizes an aggressive acquisition-based growth strategy, and has snapped up four cannabis companies in 2017 with two more in the hopper slated for acquisition before the year’s end. Given that credit card payment solutions are not currently viable for dispensaries in states where marijuana is legal, there is a significant opportunity within the multi-billion dollar global cannabis market for SinglePoint’s SingleSeed Payments subsidiary to solve the payment processing dilemma while fully leveraging cryptocurrency and blockchain technology. Simultaneously, the company aims to deliver to the cannabis and other high-risk sectors the same transparency, ease of use, and situational awareness that blockchain is poised to deliver in other industries.

SinglePoint also recently signed an LOI (http://cnw.fm/qSm2a) with mobile app developer AppSwarm, Inc. (OTC: SWRM), to offer a B2B/B2C services app geared to the cannabis industry that will serve as the base for other productivity and workflow improvement applications. The AppSwarm LOI came soon after that company’s announcement (http://cnw.fm/ie67D) of a "last-mile" delivery app for local groceries and pharmacies, clearly demonstrating how SinglePoint understands perfectly the confluence of all these technologies, and how they will collectively reshape the world of retail.

Blockchain technology, as a decentralized (distributed) ledger that can track anything from cryptocurrencies and transaction records to RFID-tagged physical assets, is ideal for verification tasks. As such, the idea of a cryptographically secure ID verification platform like the one SinglePoint is rolling out, which not only allows users to sign up in seconds at the point of sale, but also provides bitcoin-powered convenience (which consumers have come to expect when making debit or credit card purchases), is something that should appeal to all parties in the space.

Regulators get the security of knowing there is a redundant and decentralized real-time record of production, shipments and transactions, while dispensaries get cheaper and better workflows, as well as improved marketing and the kinds of user experiences that promote repeat business. And consumers get a simplified, secure and easy to use purchasing regimen that is already familiar to them.

The same game-changing impact that blockchain technology is having on industries like banking, where it was recently estimated by Santander InnoVentures that the technology could save banks as much as $20 billion a year by 2022, will help to cement the still controversial cannabis market in the U.S. and around the globe. The logistical benefits of eliminating the need for a centralized authority, allowing engaged parties to rely instead on the power of the distributed blockchain and features like self-executing smart contracts, is something which could give the cannabis industry just the kind of inherent respectability it needs.

Bitcoin Investment Trust (OTCQX: GBTC) certainly understands the potential for crypto and blockchain, given that it is sponsored by Grayscale Investments, which was established by the Digital Currency Group in 2013 and also sponsors the Ethereum Classic and Zcash Investment Trusts. As the first entity whose shares are publicly quoted securities, solely invested in and deriving value from the price of bitcoin, GBTC is a significant milestone for the crypto space. It is worth noting that Grayscale recently updated GBTC shareholders about plans to distribute the roughly 173,014 coins (units) of Bitcoin Cash held by the Trust. GBTC gives investors considerable exposure to bitcoin via a traditional investment vehicle with shares titled in the investor’s name and which can be bundled into traditional IRA, Roth IRA, and other brokerage/investor accounts.

Another key blockchain player is HIVE Blockchain Technologies Ltd. (TSX-V: HIVE), shares of which hit a new 52-week high of $5.83 a share on November 3, alongside the recent spike of the bitcoin price. The company signed a binding letter of agreement in late October with Genesis Mining to complete a GPU mining facility for cryptocurrency in Sweden, a country with a solid track record for being pro cashless, and warmly embracing crypto. Anticipated for completion in late December, this new facility will increase the company’s already beefy Iceland-based mining capacity by some 175 percent, and bring HIVE one step closer to the company’s goal of bridging the gap from the blockchain sector to traditional capital markets.

Global Blockchain Technologies (OTC: BLKCF), a Canadian investment banking company focused on delivering a basket of blockchain-centric holdings to its investors, recently made a big push into crypto mining with entry into an agreement to acquire a 49.9 percent interest in novel, streaming model-based miner, Coinstream. The company plans to spin-out its pure play cryptocurrency mining division, Global Blockchain Mining Corp., and stands to acquire some 12,500 bitcoins over the life of the streaming contracts. An ingenious move given that Coinstream has put together 10MW of power in dedicated, purpose-built data centers in Manitoba, where energy is under $0.04/kWh. Looks like streaming contracts for future production aren’t just for the precious metals or commodity markets anymore.

Having climbed more than 900 percent year-to-date, Bitcoin Services (OTC: BTSC) is another good example of crypto-exposed share price appreciation being driven, in part, by the meteoric rise of the price of bitcoin. This bitcoin miner and blockchain software developer began mining the spend-anywhere digital cash known as Dash in Q1 2017 and recently created a new subsidiary, Crypto Capital, focused on implementing a crypto wallet solution. Bitcoin Services is also one of the instrumental bitcoin escrow service providers helping to keep the blockchain healthy.

Bitcoin rebounded nicely over the first two days of the week of November 13, trading around $6,600 after having been pushed down under the $6,000 mark over the weekend, amid the BCH hype and debut of Bitcoin Gold. With major tech players from IBM to Microsoft fully engaged in developing blockchain solutions for multiple industries and increasing interest pouring into the space across multiple cryptocurrencies from every class of investor, now is the time to comb through the smaller companies with compelling access to this sector.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC PINK: SING) or www.SinglePoint.com

About CannabisNewsWire
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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

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SinglePoint (SING) Launches Proprietary Bitcoin Exchange to Solve Payment Processing Issues in High-Risk Markets



SEATTLE, WA /  Nov. 15, 2017   / SinglePoint, Inc. (OTC PINK: SING) today announces the soft launch of a bitcoin exchange aimed at solving payment issues plaguing the cannabis industry. SinglePoint sees vast opportunity for technology to solve payment issues related to high-risk transactions, specifically in the cannabis market. There is yet to be a standout leader in the cannabis payments space, and SinglePoint is looking to solidify its position through the company’s relationships and history of mobile payment offerings. The new solution can be utilized by any business from convenience stores to dispensaries in the 29 legal states and District of Columbia. For more information, or to sign up for the exchange, visit app.singleseed.com

Convenience has been the No. 1 driver for building this application, which is designed as a payment service to make instant bitcoin-powered purchases possible when all you have is a credit or debit card. Through an easy-to-use sign up form and ID verification, customers will be able to set up their account online beforehand or will be able to sign up within seconds directly at the point of sale. This model is similar to solutions utilized abroad, but SinglePoint has not yet seen this feature offered in the United States.

“We are very pleased with what we have built out and executed on with this solution. SinglePoint now has a base to continue innovating on for the cannabis payments space. Businesses are contacting us daily about payment services and with this solution we feel confident we will be on boarding many of these customers. This is just the beginning of a solution that will ultimately serve cannabis businesses much beyond payments. The overall goal is to have a fully integrated solution for businesses to manage their day-to-day operations from beginning to end,” states Wil Ralston, president of SinglePoint.

According to a new report by Grand View Research, the cannabis market is projected to reach $55.8 billion by 2025. This presents a major opportunity for SinglePoint to generate additional revenue through platform fees and transactional fees.

Beyond payments innovation, SinglePoint is continuing to negotiate new acquisitions in the cannabis market. Company management will be at MJ BIZCON, taking place November 14 – 17 in Las Vegas, and has set up multiple meetings for continued deal flow. For more information or to set up a meeting please contact Support@SinglePoint.com.

About SinglePoint, Inc. SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry.

Connect on social media at:
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For more information visit: www.SinglePoint.com

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.

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Source: SinglePoint, Inc.

 

As Bitcoin Boom Continues, Major Players are Validating Promising Forecasts for its Limitless Value Potential


New York, NY – October 31, 2017 – NetworkNewsWire.com News Coverage:  The cryptocurrency known as bitcoin has seen an incredible boom since the start of 2017, and its bullishness has continued during the month of October, with the cryptocurrency once again breaking its own trading record and surpassing $6,000 on all major cryptocurrency exchanges on October 20. Some experts believe the value of bitcoin will spike much higher than this and that it has only just begun its climb in value. Investors have glommed onto bitcoin’s rising star en masse this year, and many companies have been pursuing means of profitably utilizing this most popular of the cryptocurrencies. One standout company is employing bitcoin to serve the needs of another booming market: legalized marijuana. SinglePoint, Inc. (OTC: SING) is very close to launching its own bitcoin exchange aimed at solving the current problems of unbankability for cannabis businesses in the United States. The promise of bitcoin’s success as a means of giving cannabis companies non-cash payment options and other financial amenities is clear, and bitcoin’s increasing mainstream adaptation is evidenced in the activities of players like Bitcoin Investment Trust (OTC: GBTC), Bitcoin Services, Inc. (OTC: BTSC), Amazon.com, Inc. (NASDAQ: AMZN) and Overstock.com, Inc. (OTC: OSTK).

Because the availability of bitcoin has a limit (its mining capability will someday cap off at 21 million coins, and the number of bitcoins mined since the cryptocurrency’s inception currently sits at around 16.5 million), it is considered a scarce asset, and, due to its scarcity, many believe its value potential will prove to be unlimited and its price will continue to climb—even after no more bitcoins can be mined. Companies currently engaged in bitcoin-related enterprises are banking on this limitless value potential and for bitcoin to continue shining as a red-hot commodity.

SinglePoint, Inc. (OTC: SING) is one company that has found promising applications for bitcoin as a means to help solve banking issues within the U.S. cannabis market—another investment space that is currently blossoming with no end to its growth in sight. Despite this, companies in the cannabis industry are currently blocked from accessing traditional banking services in the U.S. due to the Controlled Substances Act, which categorizes marijuana as a schedule I controlled substance. Even in states where cannabis has been legalized, marijuana enterprises are plagued by a lack of banking options, which largely forces them to conduct cash transactions. SinglePoint’s cannabis cryptocurrency solution, which is now mere weeks away from launching in beta form, could help effectively resolve this.

The new bitcoin exchange being developed by SinglePoint will enable cannabis businesses to deploy a user-friendly method of accepting credit and debit card payments without the need for cooperation from banks or the FDIC. The company is developing an in-house solution that will allow cannabis consumers to obtain bitcoin at any point of sale and to instantly make bitcoin-powered purchases using debit and credit cards. SinglePoint is an early-mover in bringing such technology to the U.S., and its bitcoin application will be fully KYC-AML compliant. Users can create an account online or sign up in seconds at the point of sale.

SinglePoint’s solution will further aid cannabis dispensaries by enabling them to upload inventory-related information, like product descriptions and photos, and digitally track their inventory. When a customer buys a product, it will be automatically deducted from the dispensary’s inventory listings.

SinglePoint’s innovative new payment exchange will undoubtedly be a boon for the cannabis market, but its applicability does not end there. The usefulness of this product could—and likely will—extend far beyond the marijuana market, making instant, card-based bitcoin-powered purchases possible for a variety of businesses, both in high-risk and low-risk markets.

SinglePoint has found great success through an aggressive, acquisition-based growth strategy, and investors have been sitting up and taking notice. In early January 2017, SinglePoint’s price per share was at $0.01; as of October 27, 2017, that price had risen to $0.0599. The launch of the company’s bitcoin payments solution will serve as yet another mark of SinglePoint’s sustained growth.

An updated investor kit detailing SinglePoint’s products, leadership team and investor highlights offers key insights into the company’s goals.

Further testament to the increasing power and adoption of bitcoin is evidenced in the movement of entities like Bitcoin Investment Trust (OTCQX: GBTC), which became the first publicly quoted bitcoin investment vehicle and which Wall Street analyst Tom Lee recently called “the only game in town” for U.S.-based investors who want to gain exposure to bitcoin http://cnw.fm/c1WB4. Lee further predicts that Bitcoin Investment Trust could rise by 250 percent or more by 2022 if bitcoin’s value reaches the $25,000 target he has set for it to reach by that year. Bitcoin Investment Trust empowers investors to gain exposure to bitcoin’s price gains through a traditional investment vehicle, eradicating the necessity of buying, storing and safeguarding bitcoin. Bitcoin Investment Trust is an open-ended grantor trust sponsored by Grayscale Investments that is U.S.-based and invested exclusively in bitcoin. It was named one of OTC Market Group’s “OTCQX Best 50” for 2017.

Another cryptocurrency player that is achieving growth similar to SinglePoint’s is Bitcoin Services, Inc. (OTC: BTSC). Like SinglePoint, BTSC was at $0.01 per share early on in 2017, but it had reached $0.0605 as of October 27. BTSC previously announced its own plans to create a proprietary blockchain software, intending to highlight online marketplace, file storage and identity management applications relative to cryptocurrency. During Q1 of 2017, BTSC began mining Dash, its own cryptocurrency. The company also created a new subsidiary this year, Crypto Capital Corp., for the purpose of developing a cryptocurrency wallet that would enable users to securely store multiple digital currencies in one wallet. At present, BTSC is focused on both mining bitcoin and developing its blockchain software.

The acceptance of bitcoin by e-commerce giants like Amazon.com, Inc. (NASDAQ: AMZN) and Overstock.com, Inc. (NASDAQ: OSTK) is further evidence of the cryptocurrency’s growing mainstream adoption. Currently, Amazon does not directly accept bitcoin, instead allowing shoppers to use it in a roundabout way through the Purse.io app. However, suppositions are flying that this could change very soon due to Amazon’s rumored intention to begin supporting bitcoin as a payment method (http://cnw.fm/lp2U0). Overstock.com does currently directly accept bitcoin and has done so since January 2014.

There is no doubt that bitcoin currently represents big game for investors, and optimistic forecasts see no ceiling for this cryptocurrency’s growth. For enterprising companies seeking profitable means of utilizing bitcoin, the future seems to be paved with virtual gold.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with CNW or any company mentioned herein. The commentary, views and opinions expressed in this release by CNW are solely those of CNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW and FNM for any investment decisions by their readers or subscribers. CNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW and FNM undertake no obligation to update such statements.

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News Source: CannabisNewsWire

 

SinglePoint and AppSwarm Sign LOI to Launch Cannabis-Focused Applications



SEATTLE, WA /  Oct. 24, 2017   / SinglePoint, Inc. (OTC PINK: SING) has entered into a Letter of Intent with AppSwarm (OTC:SWRM) to conduct a joint roll-out of mobile applications specifically geared to the cannabis industry. The applications will be branded and marketed under SinglePoint’s SingleSeed subsidiary (www.SingleSeed.com), while AppSwarm (www.app-swarm.com/) will provide the necessary technical support and app development.

SinglePoint and AppSwarm plan to launch the first application within 90 days of the LOI, as well as release an additional two applications every 90 days thereafter. The first application will provide a base for additional applications, and will be a service-based application for the business-to-business (B2B) and business-to-consumer (B2C) markets.

The cannabis market is ripe for technology that can improve efficiency and work flows. SinglePoint and AppSwarm intend to develop mobile applications that address these industry needs by creating a system that allows a business to see what is going on in the market around them. The mobile apps will also streamline the consumer experience by adding in SinglePoint’s payment options, among other features.

“We are very excited to roll-out these applications. We have worked on projects like these before and now we really feel we have both the capital and partner to make a full court press on a major launch and huge value add to the cannabis industry,” states SinglePoint CEO Greg Lambrecht.

AppSwarm is a strong partner for SinglePoint, as many of the applications the Company is looking to launch are already working and live within the AppSwarm portfolio. SinglePoint will now rebrand specific applications and add additional feature sets designed specifically for the cannabis clientele.

“The roll-out of the cannabis applications represents an exciting opportunity for us at AppSwarm, as we have the expertise to build and launch applications that the market wants. This is a win-win situation for both companies, allowing us to leverage one another’s expertise and grow together,” states AppSwarm CEO Ron Brewer.

The cannabis market is projected to reach $50 billion by 2025. Currently, cannabis is legal in 29 states and the District of Columbia. These mobile applications will be available for use in all states. As new states legalize the companies will look to grow alongside the new states opening to legalized cannabis sales.

About SinglePoint, Inc. SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com or www.SingleSeed.com

Connect on social media:
www.facebook.com/SinglePointMobile
http://www.twitter.com/_SinglePoint_
www.linkedin.com/company/SinglePoint
www.youtube.com/user/SinglePointMobile

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Source: SinglePoint, Inc.

 

Bitcoin’s Recent Gains Spell Opportunity for Cryptocurrency Companies


New York, NY – October 24, 2017 – NetworkNewsWire.com News Coverage:  As one of the oldest means of exchange in the world, gold is always on the radar of the investment community. However, with gold currently valued at roughly $1,286.10 per ounce following a steep decline in the wake of the U.S. Presidential election, many investors are seeking out more fruitful investment options. In a November 2016 article titled “Bitcoin Might Be A Better Investment Than Gold” (http://cnw.fm/Yrb1K), a contributor to Seeking Alpha praised bitcoin’s recent flourish, and the cryptocurrency has continued to climb in the months since. On August 6, 2017, bitcoin soared to a new record of $3,000. Just a week later, it eclipsed the $4,000 mark, more than quadrupling its value since January. Bitcoin continued its blockbuster climb in recent weeks, hitting $6,147.07 on October 21, 2017, as the cryptocurrency busted out another record high, according to data from industry website Coindesk. For prospective investors, this climb has created an opportunity to capitalize on the most significant evolution of the global currency landscape in decades. Companies like SinglePoint, Inc. (OTC PINK: SING), Bitcoin Services, Inc. (OTC: BTSC), Bitcoin Investment Trust (OTC: GBTC), Advanced Micro Devices, Inc. (NASDAQ: AMD) and Nvidia Corp. (NASDAQ: NVDA), by targeting various niches within the larger cryptocurrency space, are positioned to reap the benefits of bitcoin’s climb.

Gold’s recent performance highlights the current demand for alternative investment options. For more than half a century beginning in 1879, Americans had the option to trade in U.S. dollars for gold. This all changed in 1933, when the United States went off the gold standard following a joint resolution, eliminating the right of creditors to demand payment in the precious metal. In 1971, President Richard Nixon completely severed the link between the dollar and gold, transforming the greenback into a fiat currency, invalidating the Bretton Woods Agreement, and effectively driving the nail into the coffin of the so-called gold standard around the world. Today, Federal Reserve notes are backed solely by the “full faith and credit” of the U.S. government, but a shifting political landscape has created demand for decentralized monetary systems that operate independently of federal institutions. In January 2009, rapidly advancing technology facilitated the next evolution of currency when bitcoin, recognized as the first decentralized digital currency (http://cnw.fm/HcH24), hit the international stage. By 2015, more than 100,000 merchants and vendors (http://cnw.fm/n9QNB) around the globe were accepting bitcoin as payment.

To date, 2017 has proven to be a landmark year for the cryptocurrency landscape. Back in April, the Japanese government amended a bill to officially recognize bitcoin and other cryptocurrencies as legal tender, and other countries are beginning to follow suit. This rising wave of global acceptance isn’t going unnoticed in North America. Bank of America is one of several Fortune 500 companies strengthening its intellectual property portfolio (http://cnw.fm/kEVV3) as it relates to cryptocurrencies and their underlying blockchain technology. In addition to filing nine blockchain patent applications with the U.S. Patent and Trademark Office in February alone, Bank of America is also working with Microsoft on a joint venture aimed at applying blockchain technology to the area of trade financing.

In the U.S., the burgeoning cannabis industry is, perhaps, one of the most promising applications for bitcoin and blockchain technology. Despite being on course to record sales of $13.3 billion in 2020, according to research by New Frontier Data (http://cnw.fm/9yFTv), the U.S. cannabis market is currently plagued with banking issues stemming from the Controlled Substances Act. This decades-old statute classifies marijuana as a schedule I controlled substance. As such, businesses operating in states that have legalized cannabis for either medicinal or recreational use are often unable to access traditional banking services offered by financial institutions operating at the interstate level. SinglePoint, Inc. (OTC PINK: SING) is attempting to remedy the concerns presented to these currently all-cash businesses by providing a cryptocurrency alternative (http://cnw.fm/G7es0) to traditional banking solutions.

As CEO Greg Lambrecht stated in a recent news release, “There is now tremendous momentum and demand for bitcoin acceptance as an alternative form of payment.”

SinglePoint has entered a period of rapid development aimed at executing on its bitcoin payments solution. The company’s management team noted that a recently announced new round of funding would play a key role in SinglePoint’s efforts to “move very quickly to develop a cryptocurrency solution and continue acquisitions in the cannabis space.” In early August, SinglePoint confirmed (http://cnw.fm/RPwq4) the swiftness of its development efforts by announcing the commencement of development for its in-house solution enabling consumers to “obtain bitcoin at any point of sale.” While this new payment exchange is expected to be particularly useful to the maturing cannabis sector, its potential applications could extend well beyond the bounds of marijuana. As SinglePoint noted in a news release, its new product will be “a payment service to make instant bitcoin powered purchases possible when all you have is a credit (or debit) card,” presenting upside for a wide variety of businesses, most notably in high risk markets.

On October 18, 2017, SinglePoint’s evolution was featured in an article published by Equities.com in which Lambrecht discussed the company’s two booming industries: cannabis and cryptocurrency (http://cnw.fm/0Jwtu). “We believe that when we get through with our cryptocurrency product, we’re going to have a huge first mover advantage to be able to go into the dispensary and let the customers use Bitcoin or other coins to pay for cannabis,” Lambrecht said in the interview. “It’s just a huge opportunity and with our technical expertise we feel like we’re if not the absolute best, one of the best companies to pull this off.”

This interview follows Lambrecht’s appearance on “MoneyTV with Donald Baillargeon” (http://cnw.fm/1DoOV), during which he discussed SinglePoint’s upcoming bitcoin payments solution. “We’ve hired some of the leading bitcoin programmers in the world to go ahead and build us a program,” he stated. “What this program is going to do (it’s going to be very similar to the Starbucks wallet), you’re going to have bitcoin on your wallet and when you go to the dispensary you’re going to be able to buy cannabis with your bitcoin wallet. That’s how we’re going to solve the fact that the banks won’t give these dispensaries bank accounts. We’re going to be unleashing this product at the cannabis show in Las Vegas (http://cnw.fm/Q34He). When we solve this problem (and we’re very confident that we can) … This is the perfect storm for SinglePoint.”

Year-to-date, shareholders have taken note of SinglePoint’s sustained growth and aggressive acquisition strategy. The company’s price per share hit $0.0586 on October 20, 2017, up from $0.01 in early January. An updated investor kit detailing the company’s products, leadership team and investor highlights provides readers with essential insights into the company’s goals.

Joining SinglePoint in the cryptocurrency market and achieving similarly promising growth is Bitcoin Services, Inc. (OTC: BTSC). The company’s PPS hit $0.06669 October 20, 2017, up from $0.01 in March of this year. BTSC originally unveiled plans to develop a blockchain software of its own in June 2016, noting its intention to emphasize online marketplace, file storage and identity management applications of the currency. The company reiterated these plans in October 2016 before turning its attention toward mining digital currency at the beginning of 2017. According to its recently updated website (http://cnw.fm/0f8Sy), BTSC is currently focused on both bitcoin mining (http://cnw.fm/4btTQ), the means by which new bitcoin are introduced into circulation, and blockchain software development.

Of course, not every investment opportunity in the cryptocurrency market is related to the development of payment software. Bitcoin Investment Trust (OTCQB: GBTC) enables investors to gain exposure to the often significant price gains recorded by bitcoin through a traditional investment vehicle, eliminating the need to face the challenges of buying, storing and safekeeping the cryptocurrency. GBTC’s shares are noteworthy in that they are “the first publicly quoted (on OTCQX® under the Alternative Reporting Standards) securities solely invested in and deriving value from the price of bitcoin.” In an August 2017 report titled “Why GBTC Is Better Than Bitcoin” (http://cnw.fm/0zQ2v), a contributor to Seeking Alpha provided some insight into the pros and cons of investing in Bitcoin Investment Trust instead of purchasing bitcoin directly. While GBTC shares are eligible for tax-advantaged accounts and supported by a network of trusted service providers, it’s important to consider that the current premium of GBTC over bitcoin is roughly 85 percent. As such, existing digital currency wallet platforms, as well as those in development by market innovators like SinglePoint, likely present a more enticing option for the majority of investors.

Yet another way to capitalize on the cryptocurrency boom is to target ancillary markets, particularly those related to currency mining hardware, such as Advanced Micro Devices, Inc. (NASDAQ: AMD) and Nvidia Corp. (NASDAQ: NVDA). A July article published by Business Insider (http://cnw.fm/CYw9S) called Nvidia and AMD “the only sure bets” in the volatile cryptocurrency space, and their share prices have echoed that sentiment. AMD’s PPS rose from $5.74 in September 2016 to $13.81 on October 20, 2017. Meanwhile, NVDA shares hit $196.90 on October 20, up from $59.52 in September 2016. While these companies aren’t directly involved with bitcoin or the ongoing cryptocurrency boom, many players in the emerging industry rely on AMD and Nvidia hardware (http://cnw.fm/jsa3O) for the blockchain technology that underpins cryptocurrencies, and that’s paying off for the GPU makers. RBC Capital Markets analyst Mitch Steves, in a June 26, 2017, interview with TheStreet (http://cnw.fm/b0qSS), stated that the growing cryptocurrency mining market contributed “$100 million worth of GPU sales for Nvidia in the last 11 days alone.”

With bitcoin hitting record highs in recent weeks, investors are frantically searching for ways to capitalize on the emergence of both bitcoin and the wider cryptocurrency market. While ancillary service providers like AMD and Nvidia offer intriguing and diversified footholds in the industry, SinglePoint’s position as an early-mover combining the recent performance of both cryptocurrencies and legal cannabis makes it an exciting investment opportunity, particularly as it prepares for the November launch of its cannabis-facing bitcoin payment solution. Look for SinglePoint to stake its claim as cryptocurrencies continue their march toward ubiquity. As Ronnie Moas of Standpoint Research told Bloomberg in an August interview (http://cnw.fm/DEWp0), “It looks to me as though we are at the same point in the adoption curve as we were in 1995” with the Internet. “Cryptocurrency is becoming more widely accepted by the day.”

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC PINK: SING) or www.SinglePoint.com 

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CNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW and FNM undertake no obligation to update such statements.

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News Source: CannabisNewsWire

 

SinglePoint Completes Acquisition of Profitable Denver Colorado-Based Company



SEATTLE, WA /  10/17/17  / SinglePoint, Inc. (OTC PINK: SING) 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.

"We are very excited for this opportunity as it dramatically increases SinglePoint revenues and profitability. We look forward to continuing investing in and growing SinglePoint's operations while acquiring other companies to generate additional growth. With this latest investment, we are properly capitalized, better than ever before, and will aggressively push forward on both internal and external growth opportunities," states SinglePoint CEO Greg Lambrecht.

Execution of SinglePoint's acquisition-based growth strategy has been a strong point for the Company, which has closed on all four of its acquisitions year-to-date. This most recent acquisition of JAG solidifies SinglePoint's fundamentals toward growing the Company and acquiring or investing in larger targets with each transaction.

While the Company continues to diversify its portfolio through acquisition, SinglePoint also continues to develop its internal mobile application. Last week the Company met with development partners as it seeks to quickly finalize an agreement to launch an application geared to servicing companies that offer last-mile delivery services.

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com or www.SingleSeed.com

Connect on social media:
www.facebook.com/SinglePointMobile
http://www.twitter.com/_SinglePoint
www.linkedin.com/company/SinglePoint
www.youtube.com/user/SinglePointMobile

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Communications Contact: NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Source: SinglePoint, Inc.

 

SinglePoint Receives $1.2 Million in Funding With Option to Raise a Total of $4 Million



SEATTLE, WA /  10/11/17  / SinglePoint, Inc. (OTC PINK: SING) announces the completion of a $4 Million round of funding, $1.2 Million of which has already been collected including $600,000 of which came from United American HealthCare Corp (OTC: UAHC). With this new round of funding, SinglePoint is positioned to aggressively develop and complete its Bitcoin Payments solution and acquire additional companies in the cannabis space.

SinglePoint's Bitcoin Payments solution directly addresses the challenges of the "unbanked" cannabis industry, which is hampered by federal regulations that have significantly cramped banking options.

The capital also enables SinglePoint to accelerate its revenue-by-acquisition strategy, which in the last nine months alone has resulted in the investment or acquisition of three cannabis companies. SinglePoint now has the resources needed to pursue larger acquisition targets to capture its share of the legal cannabis industry, which is on track to exceed $20 billion by 2025 with a compound annual growth rate of 29%.

"After months of negotiation, we are beyond excited to close this deal and go after some larger deals that we have in our pipeline. Having this capital, along with access to additional capital if needed, puts us in a strong negotiating position. Acquiring other businesses for cash and stock is working well for us, and enables us to infuse some cash to jumpstart the growth of our acquired companies and give the businesses tremendous upside on the stock side, as they successfully execute their business plan," states SinglePoint CEO Greg Lambrecht.

SinglePoint is close to finalizing the previously announced LOI (http://nnw.fm/gIi1C), which will strengthen the Company's financials and set SinglePoint on a $1 million revenue run-rate over the course of the next year. In addition to this potential acquisition, SinglePoint is in negotiations with other companies operating in the cannabis tech market, as well as e-commerce sites in the industry.

About SinglePoint, Inc. SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: www.facebook.com/SinglePointMobile, http://www.twitter.com/_SinglePoint, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com or www.SingleSeed.com

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 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.

Contact: SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Communications Contact: NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office

Source: SinglePoint, Inc.

 

Green Rush Offers Enticing Secondary Business Opportunities


New York, NY – October 10, 2017 – NetworkNewsWire.com News Coverage:  Legal marijuana sales in North America hit $6.7 billion in 2016 – a 34 percent jump from the previous year, making it the fastest-growing industry on the planet, according to Arcview Market Research’s 2017 report on the marijuana market. The research firm expects those figures to soar to nearly $23 billion by 2021. Companies that provide products and services related to the broader cannabis economy enjoy huge growth potential as the industry continues its inevitable march toward full legalization, and few of them require touching a single leaf of the highly regulated plant. Companies such as SinglePoint, Inc. (OTC: SING), United Cannabis Corp. (OTC: CNAB), Sugarmade, Inc. (OTC: SGMD), GreenGro Technologies, Inc. (OTC: GRHN) and Kush Bottles, Inc. (OTC: KSHB) are banking on pursuing those ancillary revenue streams as they look to the future.

Predictably, the cannabis market is scaling up at profound rates as changing public perceptions and shifts in attitudes toward the use of medical and recreational marijuana begin to shape legislative policies. The Canadian government, which announced the full legalization of recreational marijuana by July 2018, is poised to consider amending the law by including edibles and other consumables. While marijuana is still illegal on the federal level in the United States, 29 states and the District of Columbia have legalized using marijuana in some form (http://cnw.fm/612wM) with each individual state passing its own, distinct set of regulations.

For companies offering secondary services to the cannabis industry – and this list includes nearly any service a successful business requires such as packaging, security, testing, distribution, software, marketing, insurance, and so on – the future looks bright indeed. Interestingly, as the legal recreational marijuana market ramps up, one of the more surprising upticks in this emerging industry involves scores of new government jobs coming on line in various state agencies. From running background checks on storefront sellers seeking government licenses to testing the environmental impacts, there are plenty of jobs to be had (http://cnw.fm/mTG5b).

As the cannabis industry evolves, opportunities to provide the necessary ancillary services are expanding, too. Cannabis cultivators are seeking new ways to increase production and lower costs. Indeed, one of the more critical needs facing the cannabis industry is finding a way to move past its current ‘cash-only’ status to develop safer, more secure and reliable payment option. Most banking institutions operate in multiple states and are subject to strict federal regulations, which means the majority have steered clear of getting involved in businesses that touch the marijuana plant. While that attitude is changing somewhat, the cannabis industry continues to need a way to transact daily business in a rapidly growing market.

SinglePoint, Inc. (OTC: SING), which has evolved from a full-service provider of mobile technology to a publicly traded holding company, is now focused on diversifying into horizontal markets within the cannabis sector. The company’s wholly owned subsidiary, SingleSeed Payments, is tapping into the consulting and consumer ancillary markets by being one of the first merchant service providers targeting the marijuana industry. SingleSeed, which aims to make cashless transactions and high-risk credit card processing available to cannabis and other high-risk companies, offers innovative payment solutions. Regardless of the current federal banking guidelines and oversight of the FDIC, SingleSeed is positioned to solve a singular problem facing this rapidly growing industry. Along with its ability to provide tools that help cannabis businesses take point-of-sale payments through cashless ATMs and mobile marketing apps, SingleSeed’s reliable solutions make secure transactions and communications easy.

As the leading payment solution provider to the cannabis industry, SingleSeed provides a service that makes life easier and businesses more effective while keeping customers happy. The company’s focus on education and providing information for customers and shopkeepers alike on the key issues facing the retail and medical cannabis market leads to another important goal – legitimizing the cannabis industry.

SinglePoint’s rapidly growing recognition in the cannabis industry, in part, stems from the consistency of its acquisition-based growth strategy (http://cnw.fm/Jxs62). Each of the company’s acquisitions was thoroughly evaluated and identified as an undervalued business with huge potential to bring additional value to investors before its addition to SinglePoint’s diverse portfolio.

This portfolio includes an interest in Jacksam Corp., dba Convectium, a profitable California-based provider of equipment, branding and packaging solutions for the cannabis industry. Convectium has developed the world’s first cartridge and vape pen oil filling machine for wholesale distribution to dispensaries. The 710Shark and 710Seal systems can fill and package over 100 cartridges or disposable vape pens in 30 seconds and are sold to dispensaries through its EquipCanna.com brand. The company also operates a consumer brand that includes BlackoutX and HazeSticks and reaches customers in over 52 countries.

Year-to-date, SinglePoint has acquired or invested in three companies, driving revenue growth and solidifying the company’s revenue-by-acquisition model. Most recently, the company signed a Letter of Intent (“LOI”) to acquire a 51-percent stake in a Denver-based company paced to record $1 million in annual revenue.

“We are committed to identifying and making investments in companies that strengthen SinglePoint’s value,” SinglePoint CEO Greg Lambrecht stated in the press release announcing the deal (http://cnw.fm/vs0M8). “Our goal is to find and acquire companies we believe will add instant value as well as the opportunity for major growth.”

Another company lining up to benefit from servicing cannabis-related businesses is United Cannabis (OTCQB: CNAB), a biotechnology company with patented technologies for the pharmaceutical, medical and industrial markets. The company provides consulting services, proprietary products, and licenses to its intellectual property that relate to the legalized growth, production, manufacture, marketing, management, utilization and distribution of medical and recreational marijuana and cannabis-infused products. United Cannabis Corp.’s products include supplements, medical cannabis therapeutics and pharmaceutical drugs. Its current focus is on commercializing its patented Prana Bio-Nutrient Medicinal products.

Sugarmade (OTCQB: SGMD) and Plantation Corp. have teamed together to solve another cannabis-industry problem – long term storage. The companies together report success in developing a proprietary packaging product that stores cannabis in a container that provides the optimum storage atmosphere for cannabis flowers. This product – BudLife containers – preserves the important properties of cannabis, namely the THC levels, terpene quality, and tricome structure, along with aroma and feel, and solves another point of concern for cultivators.

Cannabis growers know their plants need to be high yielding and of a consistent, high quality in order to satisfy consumer and regulatory demands. GreenGro Technologies (OTC: GRHN) is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms utilized by the cannabis industry. The company’s expertise in agricultural science systems serves customers in both the consumer and commercial farming markets. GreenGro’s most recent news announces the debut of its consumer-oriented food cloning and breeding website that highlights the company’s wholly owned subsidiary, Genobreeding. This corporate initiative introduces cutting-edge plant varieties to the cannabis market through the application of modern plant breeding techniques.

Not to be outdone, Kush Bottles (OTCQB: KSHB) has launched a custom design and branding solutions division that brings a one-of-a-kind look and feel for marijuana product companies, dispensaries and more. The demand for custom packages continues to climb as cannabis firms realize brand awareness is of paramount importance. Kush Bottles utilizes computer-aided design, drawings and 3-D printings to create unique designs and prototypes that are cost effective and provide a rapid turnaround time to the final product. Founded in 2010, the company regularly serves more than 4,000 legally operated medical and adult-use dispensaries, growers and producers across North America, South America and Europe.

SinglePoint’s strategic expansion plans demonstrate the diversity of investment options in today’s cannabis industry, which requires companies to be innovative, flexible and responsive to a changing marketplace, growing consumer base and the businesses that serve them.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with CNW or any company mentioned herein. The commentary, views and opinions expressed in this release by CNW are solely those of CNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW and FNM for any investment decisions by their readers or subscribers. CNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

CNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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Cannabis Market Extends across Numerous Industry Segments


New York, NY – October 3, 2017 – NetworkNewsWire.com News Coverage:  Growth has been the dominant theme in the cannabis market. Estimates by Forbes put the legal cannabis market at a value of $7.2 billion (per a February 2017 report), and the market is expected to generate more jobs than government, manufacturing, or utilities in the coming years, according to the Bureau of Labor Statistics. Numerous industries are being impacted. Cultivation and medicine are just a couple of examples, but cannabis is showing a strong presence in the retail, consulting, and consumer sectors. SinglePoint, Inc. (OTC: SING) has focused on business development in multiple segments thanks to its diverse acquisition strategy, while Surna, Inc. (OTC: SRNA) has excelled in its AgTech focus. On the other hand, mCig, Inc. (OTC: MCIG) is serving the consumer market and AbbVie (NYSE: ABBV) and 22nd Century Group, Inc. (NYSE: XXII) are heavily vested in the vast medical arena.

SinglePoint, Inc. (OTC: SING) a holding company that originated in the mobile technology sector, has assembled a diverse portfolio of subsidiaries. Its own SingleSeed subsidiary has had multi-industry impacts by addressing the unbankable aspects of the cannabis industry. At its core, SingleSeed addresses a significant obstacle of the marijuana industry. Because federal restrictions forbid traditional banks from backing marijuana merchants, businesses must rely on cash-only transactions, which presented numerous security and accounting problems.

SingleSeed’s aim is to make cashless transactions and high-risk credit card processing available to cannabis and other high-risk companies. SingleSeed also offers other business development services such as digital packages focused on helping cannabis businesses grow their customer base and create loyalty through website building, affiliate marketing, web traffic analysis, and event planning. The overriding theme here is that SingleSeed is positioned to serve the cannabis business needs of a diverse range of businesses in the cannabis industry, regardless of the current federal banking guidelines and the oversight of the FDIC.

A robust acquisition strategy has enabled SinglePoint to dig its heels into several other segments of the marijuana industry, without ever touching the plant. Among other acquisitions, SinglePoint’s portfolio includes its investment in packaging and distribution company Convectium (http://nnw.fm/6oZ5x), which sells machines that fill vials with oil and which created a unique system for filling/packaging vape cartridges and disposable vape pens; and indoor garden supply company DIGS Hydro (http://nnw.fm/oh7ZW).

Most recently, SinglePoint announced the finalization of a Letter of Intent to acquire 51 percent of a company in Denver, Colorado (http://nnw.fm/rO8kK). This company is already approaching an annual revenue of $1 million.

“We are committed to identifying and making investments in companies that strengthen SinglePoint’s value,” company CEO Greg Lambrecht stated in the news release. “Our goal is to find and acquire companies we believe will add instant value as well as the opportunity for major growth.”

As SinglePoint participates in multiple industries connected with the marijuana market, other businesses exemplify specific sectors. Surna, Inc. (OTCQB: SRNA) is an AgTech and consulting firm. Like SinglePoint (SING), it serves a diverse base, from cultivators and investors, to engineers and contractors. The company is devoted to engineering and development of cultivation facilities, and the planning of controlled environments. Technology is its specialty; an automation system provides all the real-time/historical data necessary to simplify the cultivation process.

A Biosecurity Program includes testing and reporting for facilities. The company also conducts air and surface quality tests to ensure facilities are sanitary. Another technology offering is the use of photocatalytic oxidation equipment to clean air of pollutants such as bacteria, fungi, and volatile organic compounds. Surna is a specialist in lighting as well. A vented reflector system increases efficiency and the amount of light that shines on a target by 9 percent. In addition, the company’s patented LED lighting system is designed to maximize efficiency in cultivation facilities.

Focused on a technology of a different type, mCig, Inc. (OTCQB: MCIG) has targeted the consumer market with its ownership of Vitacig, a cigarette alternative and essential oil diffuser, and Vapolution, Inc., which produces a specialized glass vaporizer. The company’s 420 Cloud unified community platform targets a diversified audience of users, patients, businesses, doctors, dispensaries, and entrepreneurs. The cross-channel platform integrates a news media platform, job search system, and commercial networking platform. Consumer-centric functions such as gamification and ads are planned. There are plans to distribute the platform through partnerships with dispensaries. MCIG is also involved in the AgTech market, as it provides consulting and warehouse customization that includes controlled growing systems, energy efficiency conversion, and modular kits that function inside existing facilities.

The pharmaceutical and medical industry has been impacted by the cannabis market in big ways. Research and development is a major focus by many companies looking for the latest innovative treatments. AbbVie (NYSE: ABBV) is one of them. Its 29,000 employees include scientists and researchers, manufacturing specialists, and experts in communications and regulatory matters. Drug development is taking place in key areas such as immunology, oncology, neuroscience, and virology as well as general medicine. The company has put together a pipeline that consists of potential treatments for Crohn’s disease, rheumatoid arthritis, psoriasis, Parkinson’s disease (Duodopa has been approved), and a wide variety of cancers. There are also potential new drugs for hepatitis C (Mavyret has been approved), cystic fibrosis, and diabetic nephropathy. A variety of other products are approved for distribution by healthcare professionals, and available depending on the individual country.

The contribution of 22nd Century Group, Inc. (NYSE: XXII) is an industrial hemp plant that has no psychoactive tetrahydrocannabidiol (THC). This is a bonus for U.S. farmers who are restricted to growing crops with THC levels below 0.3 percent. Aside from this innovation, XXII is involved in the medical sector with its clinical studies of nicotine cessation products (it was originally a tobacco company), and a range of consumer products in this area. But like SING, it actively pursues business development, although in the form of partnerships, joint ventures, and in- and out-licensing.

Today’s cannabis industry incorporates cultivators, retailers, pharmaceutical companies, consultants, and others. Business development is a goal of many, such as SinglePoint. Technology providers like Surna are prevailing in the current market, as are consumer-focused ventures such as mCig. Pharmaceutical firms such as AbbVie and XXII, heavily involved in research and development, are also examples of businesses making the cannabis industry as diverse as it has become. The trends have resulted in opportunities and revenue for a multitude of market sectors.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com 

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com and or https://CannabisNewsWire.News
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
CannabisNewsWire (CNW)
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www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net

CannabisNewsWire (CNW) and NetworkNewsWire (NNW) are proud to be affiliated partners of the Investor Based Brand Network (IBBN)

About IBBN

Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services. Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialised teams of experts to serve our increasingly diversified list of clients.

Please feel free to visit the Investor Based Brand Network (IBBN) http://www.investorbasedbrandnetwork.com

Michael McCarthy
Managing Director
CannabisNewsWire (CNW)
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www.CannabisNewsWire.net
303.498.7722 Office
Michael@CannabisNewsWire.net

DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with CNW or any company mentioned herein. The commentary, views and opinions expressed in this release by CNW are solely those of CNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW and FNM for any investment decisions by their readers or subscribers. CNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

CNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW and FNM undertake no obligation to update such statements.

Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611
News Source: CannabisNewsWire

 

Rapidly Changing Cannabis Industry Offers Plenty of Growth in Horizontal Markets


New York, NY – September 26, 2017 – NetworkNewsWire.com News Coverage:  From Main Street to Wall Street, the cannabis industry is branching out into a variety of business opportunities for not only the key players involved but smaller startup firms as well. Projected growth estimates for the legal marijuana industry are impressive, with ArcView Market Research predicting a massive leap from just under $7 billion in 2016 to $22 billion by 2021, and that’s just the North American market. Globally, the market is estimated to reach over $55 billion by 2025. No matter how you crunch the numbers, a hefty segment of that revenue is streaming from subsidiary services supporting the cultivation, processing and eventual sale of the highly regulated plant. For companies like SinglePoint, Inc. (OTC: SING), Medical Marijuana, Inc. (OTC: MJNA), Solis Tek Inc. (OTC: SLTK), Supreme Pharmaceuticals Inc. (OTC: SPRWF) and Scotts Miracle-Gro Company (NYSE: SMG), moving into parallel business ventures makes economic sense.

SinglePoint, Inc. (OTC: SING) approach of building a diversified portfolio through the acquisition of high-potential, ancillary cannabis-related targets is paying off. Earlier this month, SinglePoint acquired a majority stake in Arizona-based Dr. FeelGood, a leading medical marijuana distribution company whose extension plans include adding a proprietary delivery and ordering technology application. Also in the pipeline is a Dr. FeelGood mobile application that will both enhance the experience for users and streamline the company’s operations. Once completed, the app will allow both SinglePoint and Dr. FeelGood to license the technology to other distribution companies throughout the United States (http://nnw.fm/3CqEj).

SinglePoint’s earlier majority purchase (http://nnw.fm/3YFg6) in Jacksam Corp. (dba Convectium), a profitable California-based provider of a revolutionary vape pen filling/sealing system, moves SinglePoint closer to its goal of adding revenue-enhancing joint-ventures to its portfolio. Include SinglePoint’s 90 percent stake of California-based Discount Indoor Garden Supply (“DIGS”) Hydro (http://nnw.fm/Op4V6), which provides cultivation hardware and consulting services to the cannabis industry, and it’s apparent that the company’s strategy is working. With these acquisitions, SinglePoint’s revenue has increased 378-fold in comparison with the first quarter of 2017, ideally positioning the company to further increase revenues. This approach highlights SinglePoint’s winning philosophy of acquiring an interest in undervalued subsidiaries, which translates into a rich, diversified holding base.

Meanwhile, SinglePoint’s SingleSeed subsidiary (www.SingleSeed.com) supplies various services to marijuana businesses and has become a hub for dispensaries that are looking for payment processing solutions and other business tools. SingleSeed also provides payment processing and text message marketing solutions for marijuana businesses, and it has taken a proactive approach to solving an industry-wide payment problem that’s plaguing the expanding legal cannabis market: a way to process debit and credit card transactions independent of banks and the FDIC.

The choices are endless when it comes to providing support to an industry riddled with regulations imposed at the federal, state and local levels. Most of those regulations target companies that actually “touch” the marijuana plant, leaving secondary business ventures with fewer legal and financial risks. As a result, firms that provide testing and lab services, banking and payment processing, insurance, accounting, legal work, technology and software, security, professional education and training, hydroponics, lighting and packaging – pretty much anything that involves cannabis without touching the actual plant itself – are earning solid profit margins.

Medical Marijuana, Inc. (OTC: MJNA), is another company with a portfolio of products and services focused on serving the legal hemp industry. One of its subsidiaries, KannaLife Sciences, a pharmaceutical and phyto-medical company, has signed former three-time NFL Pro Bowl and Kansas City Chiefs placekicker Nick Lowery to its corporate advisory board. Lowery is tasked with speaking out about chronic traumatic encephalopathy (CTE), a degenerative disease caused by repeated head trauma. KannaLife’s efforts to bring a clinically-approved treatment for CTE to market could be a game changer for treatment of this devastating type of head injury. Evidence of CTE is being seen in post-mortem examinations of prominent football players who suffered severe violent mood swings, depression and other cognitive difficulties that may have contributed to their deaths, according to a company news release.

On the other end of the spectrum, you can’t produce a quality pharmaceutical product without first providing the right atmosphere for growing the cannabis plant. Solis Tek Inc. (OTCQB: SLTK) has been bringing lighting solutions to the cannabis market for nearly a decade, providing products that commercial cannabis growers depend on for a more consistent grow, a better end product, and, ultimately, a more significant, profitable harvest. According to a recent test of six lighting companies and products specifically serving the cannabis industry, Solis Tek’s Digital Lighting solutions scored highest in overall value for cultivators. Solis Tek was the first cannabis lighting company to offer a “light diet,” which is now the standard among many top commercial cannabis growers.

With the industry moving so fast, it’s crucial for companies that provide medical-grade cannabis to keep up with the momentum. Canada-based Supreme Pharmaceuticals (OTC: SPWRF), through wholly-owned subsidiary 7ACRES, combines the best technology of indoor production with the efficiencies and sustainability of a greenhouse. As a federally licensed producer of medical cannabis under the country’s Access to Cannabis for Medical Purposes Regulations (ACMPR), Supreme Pharmaceutical is making its name known among firms that serve patients of medical marijuana. In a news release, Supreme Pharmaceuticals reported its first sale of dried cannabis to Aurora Cannabis Inc, one of Canada’s leading licensed producers serving over 19,000 registered patients.

While not directly involved in the cannabis industry – and that’s really the point of some of these support businesses – there are huge corporations getting into the hydroponics end of growing plants. Hydroponics, which allows plants to be cultivated by placing roots in liquid nutrient solutions rather than soil, is booming. Scotts Miracle-Gro Company (NYSE: SMG), globally known for its lawncare and plant products, has been snapping up specialty fertilizers, lighting and other hydroponics supply companies, increasing its footprint in a specialty market that includes cannabis. Among the company’s investments are Gavita, a Dutch grow lighting company; Botanicare, a plant nutrient and hydroponics products provider; Boulder’s AeroGrow, an indoor gardening company; and California’s General Hydroponics. In a news release (http://nnw.fm/4QoAj), company’s chairman and CEO Jim Hagedorn reminded investors that the strength of the company’s core U.S. business is being strengthened by the success of the hydroponics businesses in its portfolio.

There’s an old proverb which accurately reflects today’s business opportunities when it comes to the rapid changes facing the cannabis industry as it becomes more acceptable in the medical community and with the public at large: “Necessity is the mother of invention.” Companies that buckle in for a wild ride, plan accordingly and aren’t afraid to be creative and step into the role of service provider are sure to rise to the top.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
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212.418.1217 Office
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Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611
News Source: NetworkNewsWire

 

Cannabis Sector Strategies Light the Way for Industry Growth


New York, NY – September 13, 2017 – NetworkNewsWire.com News Coverage:  A new report out from Hexa Research projects that the domestic market for medical marijuana is slated to grow over 250 percent by 2024 to reach a new worth of nearly $20 billion (1). Globally, the market is estimated as reaching some $55.8 billion by 2025. Players in the space are banking on this incredible growth, executing their individual strategies to take part in the vast opportunities. SinglePoint, Inc. (OTC: SING) employs a diversified acquisition-based strategy and is moving toward select joint-ventures to further enhance revenue growth potential as an increasingly cannabis-focused holding company. The goal of any company is growing value, and whether we are talking about up and coming growers like Supreme Pharmaceuticals, Inc. (OTC: SPRWF) (TSX-V: FIRE), cannabinoid medicine developers such as Emerald Health Therapeutics, Inc. (OTC: EMHTF) (TSX-V: EMH), suppliers of proprietary cultivation systems like Surna, Inc. (OTC: SRNA), or a holding company like General Cannabis Corp. (OTC: CANN), revenue growth and expansion are common objectives.

Analysis of publicly available 2016 data by Marijuana Business Daily offers investors clear insight into why companies are looking to gobble up broader footings in this market. One key data point shows that over 64 percent of medical marijuana patients were qualified under chronic or severe pain conditions. Pharmaceutical pain management is a $32.3 billion market in and of itself and is slated to grow at an 8.1 percent CAGR through 2022. Given increased attention to the opioid epidemic in the U.S. and a resounding chorus of voices citing intriguing data such as the 23 percent decrease in hospitalization rates for opioid abuse in states that legalized medical marijuana, we can see clearly why companies want to get their hands on as much of this industry as they can (and fast).

It’s no wonder established sector operators (and even new entrants), many of whom are locked into a single revenue-generating vector, are thinking about intelligently branching out the way SinglePoint, Inc. (OTC: SING) has over the past year. The real appeal of such a diversified acquisition strategy has the potential to not only accelerate revenue growth by establishing a more robust set of revenue streams, but to gain a more dominant and solid overall footing within the industry. Why just be an isolated cultivator, equipment supplier, or cannabis medicines developer when one can put together a series of proven, profitable entities of this type and become a real powerhouse operation in this seemingly unstoppable and rapidly growing industry?

Take a look at how SinglePoint has evolved so quickly, going from a core emphasis on advanced payment technologies and full-service mobile technologies leveraging the company’s SingleSeed subsidiary, to a full-fledged holding company specializing in acquiring small to mid-sized companies, and thus judiciously layering up profitable, parallel interests in the ultra-hot cannabis business. Ever since the acquisition of a strategic stake in revolutionary vape pen filling/sealing system developer and B2C purveyor Jacksam Corp. (dba Convectium) in March ( http://nnw.fm/3YFg6 ), SinglePoint has been on a real tear. Two months later, SinglePoint snapped up 90 percent of California-based cultivation hardware supplier and cannabis consulting outfit Discount Indoor Garden Supply (“DIGS”) Hydro ( http://nnw.fm/oh7ZW ), and more recently acquired a 51 percent stake in Arizona-based medical marijuana distribution outfit Dr. FeelGood ( http://nnw.fm/5rT6R ). SinglePoint CEO Greg Lambrecht, noted in a recent interview on MoneyTV with Donald Baillargeon how sage use of its public vehicle has allowed the company to rapidly piece together a much more stable footing in the cannabis industry that already delivered a substantial increase in revenues. The acquisition of DIGS Hydro and Convectium, according to Lambrecht, has increased revenues a whopping 378 times compared to Q1 2017.

For a well-positioned operation like SinglePoint, this is music to investors’ ears and Lambrecht also recently pointed out that the company is looking to do more select joint-ventures as well, in addition to further acquisitions that will bring in yet more revenue streams. Looking at Convectium’s revolutionary 710Shark (produced under the BlackoutX brand), which can fill and pack over 100 cartridges for vape pens in 30 seconds at around half the price per machine of the industry standard, it’s easy to understand how Convectium is able to project a 150 percent increase in sales this year to some $3.5 million. This easy-to-use beauty is the only known machine on the market today that can fill cartridges or disposables on this scale for wholesale distribution and the machine utilizes a state-of-the-art dual-heat injection technology that can fill many different types of disposables, using even the thickest of oils. The 710Shark even comes with a 1 horsepower California Air Tools 5.5 gallon, ultra-quiet, oil-free air compressor. The 710 Seal Machine is the other end of the BlackoutX "Fill Seal Sell" System and collectively represents the first such end-to-end system on the market, allowing for easy production of childproof blister packs from loaded cartridges/disposables. Convectium also provides a suite of B2C offerings, which SinglePoint will offer through the SingleSeed platform.

DIGS Hydro is already quite well established in retail via an extensive online catalog featuring a wide variety of growing supplies, as well as equipment ranging from HVAC to complete surveillance systems that are tailored to secure a particular grow op. Furthermore, the company provides a number of mission-critical design, construction and maintenance services, covering indoor, greenhouse, and aquaponic setups. This acquisition also grants SinglePoint access to some talented new personnel, such as DIGS Hydro’s top man Carey Haas, who has over 25 years in the industry and will be instrumental to SinglePoint’s decision-making process moving forward on the cannabis side of the business. Recent estimates for the California cannabis market are very promising, with New Frontier’s analysis recently noted in the LA Times projecting 12 percent CAGR over the next eight years to $6.6 billion. This could make the DIGS Hydro acquisition a big feather in SinglePoint’s cap, particularly as the rest of its diversified acquisition strategy plays out.

Dr. FeelGood already has an established presence on the widely used cannabis locator site Weedmaps, with a 4.9 out of 5 star rating, and a recent announcement indicates that the company is set to release an app to compete directly with the likes of Weedmaps in just three months’ time. This proprietary mobile application will not only enhance the user experience, it will enable licensing of the technology to other distribution entities in the U.S. once the app is complete. The new app will add substantial weight to Dr. FeelGood’s overall presence, which also consists of a wide variety of B2B and B2C distributed products. By leveraging SinglePoint’s existing location-based delivery technology, the app, which has been on the drawing board at Dr. FeelGood for some time now, will take full advantage of additional features like a directory and ordering system. In this way, the app will offer consumers a souped-up and feature-rich version of already successful, similar offerings in the space.

This diversified approach by SinglePoint to the cannabis sector is something for investors to take note of in comparison with other operators in the space today, especially considering how investor-accessible SING’s share price currently is at less than a dime per share. As the pot market continues to mature, we will most likely see an increased drive towards diversification by established sector operators and new entrants alike, with other companies seeking to emulate the roll-up strategy of companies like SinglePoint. This rising trend was mapped out nicely by a recent article in Marijuana Business Daily, highlighting the substantial uptick of M&A activity in the sector. In particular, the Viridian “Deal Tracker” data shows 126 such deals were executed from January 2016 to March 2017 (most likely a conservative estimate).

Supreme Pharmaceuticals, Inc. (OTC: SPRWF) (TSX-V: FIRE.V) has pulled back a bit to around $1.02 from highs of early 2017 when it was $1.41 and charging strong, coming off of a banner 2016 that saw completion of the company’s first sale of cannabis genetics to another Canadian Licensed Producer, as well as some $70 million in private placements. This was all subsequent to reception of ACMPR (Access to Cannabis for Medical Purposes Regulations) permission to sell product by the company’s wholly-owned 7ACRES subsidiary in June this year and an uplisting from CSE to the TSX.V exchange. Supreme is quickly realizing its stated mission of producing consistently high-quality cannabis in large quantities for the commercial market and even with a 342,000-square-foot production space at the company’s hybrid greenhouse facility, many investors have not heard the last of this up-and-coming cultivator when it comes to sales.

Surna, Inc. (OTCQB: SRNA) recently initiated a comprehensive new branding strategy, including the launch of a new website, in an effort in to draw greater attention to the company’s emergence as a go-to solutions provider for many in the cultivation industry’ particularly for grow ops looking to optimize energy, water usage, and ultimately crop yields. Surna prides itself on providing cutting-edge industrial technology and products for commercial indoor cannabis cultivators. The company’s user-friendly new site is tailored to Surna’s key demographics, such as engineers and contractors tasked with configuring indoor grow ops in the U.S. and Canada, and it is set up in such a way as to facilitate partnering opportunities with those key demos. The company notes that demand for its systems comes primarily from the construction of new cultivation facilities in North America, and said it anticipates more revenue opportunities as more cultivation facilities become licensed amid regulatory changes. Surna reported $1.742 million in second-quarter revenues, and recently landed $1.3 million contract that is currently in the engineering phase.

Emerald Health Therapeutics, Inc. (OTCQX: EMHTF) (TSX-V: EMH.V) is a serious contender in cannabinoid formulations for medicinal and/or recreational use. Emerald Health has one of the top batches of cannabis genetics in the sector today under the company’s thumb, as well as advanced R&D and extraction technology at its disposal. The last of which is a key point to take note of, given that cannabis oils have seen exceptional increases in demand, with Health Canada data alone showing an 871 percent increase in the amount sold to Canadian clients from Q4 2016 to Q4 2017 (Jan 1 – March 31). Emerald Health Therapeutics announced back in June that the company is laser-focused on heading towards pharmaceutical formulations and clinical studies, having established an Advisory Board containing several highly reputable doctors and professors, who will provide the much-needed strategic guidance for this process.

General Cannabis Corp. (OTCQB: CANN) is a bit more like SinglePoint in its approach to the sector and is designed as a synergistic holding company that provides a one-stop-shop for finding the best cannabis industry service providers. With competencies spanning real estate, consulting, security, financing and infrastructure product distribution, General Cannabis is well on its way to becoming an industry institution. Furthermore, General Cannabis has organized its architecture of subsidiaries to take full advantage of symbiotic relationships between them. Next Big Crop, which represents the company’s operations segment, offers highly professional consulting on cultivation, processing and sales of cannabis via a full-cycle platform replete with hands-on experience rendered techniques. Iron Protection Group is CANN’s security subsidiary and has had its capabilities prominently featured in The New York Times; capabilities only further enhanced by the recent acquisition of Mile High Protection Services as the company seeks to expand an already sizeable position in Colorado’s thriving cannabis market. Chiefton Supply Co. is the apparel wing of the operation and, together with CANN’s brand development and design subsidiary, Chiefton Design, provides a rich and compelling marketing presence for the company. Q2 results for CANN showed revenue up 19 percent year over year, driven in large part by the success of the Next Big Crop subsidiary, which posted a 403 percent increase in revenues over the aforementioned period.

The broader cannabis industry is budding with potential, and the lineup of innovators in this global market provides investors a diverse array of investment opportunities. For SinglePoint, a diversified acquisition strategy puts the company a unique position to explore and acquire various targets that keep the company among the leading cannabis plays as it continues to grow its valuation.

Editorial Sources
1. Hexa Research: http://nnw.fm/aH2Ri 
2. Grand View Research http://nnw.fm/PiO4d 

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. 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.

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SinglePoint Completes Acquisition of Dr. FeelGood, a Profitable Cannabis Distribution Company



SEATTLE, WA /  09/06/17 / SinglePoint, Inc. (OTC PINK: SING) announces the acquisition of Dr. FeelGood, a profitable cannabis distribution company headquartered in Phoenix, Arizona. Dr. FeelGood is a leading distribution company with expansion plans to add proprietary delivery and ordering technology application. Per the agreement terms, SinglePoint will acquire fifty-one percent (51%) of the company in a combination of cash and stock, which will allow SinglePoint to recognize all revenue. The acquisition will add an additional revenue stream to SinglePoint, solidifying the company's revenue-by-acquisition strategy.

Dr. FeelGood represents the third acquisition of the year for SinglePoint. This move provides SinglePoint with additional revenue, as well as team members that have been actively working in the cannabis industry for many years. The founders of Dr. FeelGood have established a plan to develop a proprietary mobile application that will enhance the user experience and streamline the company's operations. The companies look to release this app in the next 90 days; once completed they will be able to license this technology to other distribution companies all over the United States.

As SinglePoint continues to grow its portfolio in the cannabis industry, the broader marijuana market continues to grow as well. A report by the Cannabist (2016) shows that the cannabis industry will report a steady growth pattern in the coming decade. Based on the research, the market will be worth over $20 billion by 2025, more than double its current estimate. Based on data from the New Frontier (2014), the legal cannabis market enjoys a compound annual growth of 29%.

SinglePoint CEO Greg Lambrecht states, "We are very excited for the success of this acquisition. The acquisition of Dr. FeelGood is the third acquisition of the year. SinglePoint's revenue has dramatically increased, which through the acquisition of DIGS Hydro and Convectium has increased 378x compared to the first quarter of 2017. SinglePoint is in a better position than it has ever been before. We are well capitalized to continue acquisitions and we are optimistic to complete additional acquisitions and very optimistic to significantly increase the company revenue."

Dr. FeelGood has a wide variety of products that are distributed both B2B and B2C. Owners Scott Riley and Jeff Clevenger have over 30 years of experience in building and scaling businesses, including the last six years running a cannabis distribution business. The two will continue to run day-to-day operations of Dr. FeelGood with plans to expand the business and license the brand in additional states. The acquisition offer comes at a time when the industry is rapidly expanding. In fact, reports suggest that the marijuana market in the United States is growing faster than the smartphone and the tablet industry (PR News, 2017). As the market continues to expand weekly, Dr. FeelGood has a positive looking future. According to Forbes (2016), polls show that more Americans are in support for the legalizing of marijuana as it becomes continually popular for both recreation and medical reasons.

"This is a big moment for Dr. FeelGood. We know we can grow this business and with the capital and support of SinglePoint this growth will happen quicker. The introductions they have put together already are immensely positive for us and once solidified will exponentially increase our footprint in the market," states Scott Riley of Dr. FeeGood

Simultaneously, SinglePoint and Dr. FeelGood are collaborating on a delivery platform. SinglePoint will utilize its location-based delivery application and add additional features such as a directory and ordering system to directly compete with Leafly and WeedMaps. Dr. FeelGood already had plans to build the app and with SinglePoint's head start, the company will be able to utilize the app much sooner and supply to parties that have already expressed interest.

About the Company
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company-beta/165982/
For more information visit: www.SinglePoint.com

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

Cannabis Industry Leaders Drive Growth with Acquisition Strategies and Territorial Expansion



New York, NY – September 6, 2017 – NetworkNewsWire.com News Coverage:  Exceeding $7.2 billion in 2016, the legal cannabis market is maintaining a rapid expansion rate, according to Forbes, thanks to a demand for both medical marijuana and legal adult recreational sales in many U.S. states. Growth is expected to continue at a compound annual rate of 17 percent, but it is more than a diverse and accessible customer base fueling the fire. Companies such as SinglePoint, Inc. (OTC: SING) have been busy with acquisitions that have expanded its capabilities and reach. The company not only serves the legal markets in Arizona, but also California, Nevada, and potentially other soon-to-be-legal markets such as Texas. This pattern is industry-wide. Terra Tech Corp. (OTC: TRTC), MassRoots, Inc. (OTC: MSRT), ABcann Global Corp. (OTC: ABCCF) (TSX-V: ABCN), and Medical Marijuana, Inc. (OTC: MJNA) have also trended with acquisitions and expansions, giving the industry the boost everyone has anticipated.

SinglePoint, Inc. (OTC: SING) recently made two major acquisitions: Convectium, a manufacturer and supplier of vaporizer filling machines; and DIGS Hydro, a Southern California dispensary operator. With these two acquisitions, SinglePoint in the second quarter grew revenues by 378x compared to the first quarter of 2017 ( http://nnw.fm/82o4T ). As noted in a press release discussing its current position, SinglePoint’s acquisition strategy has a third transaction underway.

Detailing the success of the company’s acquisition-based growth strategy, SinglePoint CEO Greg Lambrecht in a recent press release, said, “…SinglePoint is in a better position than it has ever been before. We are looking at additional companies and plan to complete additional acquisitions prior to the end of the year. We are well capitalized to continue acquisitions and we are optimistic to complete around three more acquisitions and significantly increase the company's revenue.”

A closer look at SinglePoint’s acquisition history underscores Mr. Lambrecht’s favorable sentiment of the company’s position in the cannabis market. Its 90-percent stake in DIGS Hydro, which currently has two operational stores strategically located close to established licensed growers, has positioned SinglePoint as a leading provider of a wide range of growing equipment and accessories for individual and commercial plant cultivators in California ( http://nnw.fm/oh7ZW ). The strategy yields considerable potential, as recreational cannabis is projected to be fully legalized by June 2018. DIGS Hydro’s products include all-in-one systems for growing plants plus grow rooms, supplies, HVAC system setup, hydroponic garden products, and accessories. Territorial growth into large, opportunistic markets like this promises to fuel continued growth for the company and the industry.

In March of 2017, SinglePoint made an investment in Convectium, the creator of a unique oil filling machine capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries. Convectium’s 710Shark and 710Seal system can fill and package up 100+ cartridges or disposable vape pens in 30 seconds. Leaning on the marketability of this first-of-its-kind system for the cannabis industry, as well as its line of B2C products, Convectium previously forecast full-year 2017 sales of $3.5 million ( http://nnw.fm/Uz1hR ).

“We have evaluated numerous investment prospects in the cannabis space, and found there is nothing that compares to this opportunity we have with Convectium,” Lambrecht stated in a press release announcing the deal ( http://nnw.fm/WrO6R ). “With this transaction, we will acquire a stake in a cannabis business that never touches a marijuana plant. This is the strategy we will use as we move forward to hedge us against changing federal and state laws.”

In August, SinglePoint signed a Letter of Intent to acquire a 51-percent stake in Phoenix-based medical marijuana distribution company, Dr. FeelGood. With its acquisition of Dr. FeelGood on the horizon, SinglePoint will soon add another revenue stream to its model, as well as the decades of expertise of owners Scott Riley and Jeff Clevenger who will run the daily operations of Dr. FeelGood and assist with its expansion strategy.

The initial plan calls for the development of a delivery platform utilizing SinglePoint's location-based delivery application. Additional features, such as a directory and ordering system to directly compete with Leafly and WeedMaps, will then be implemented to cement the technology's position in the market. The collaboration supports Dr. FeelGood’s existing plans to build the app to quickly meet existing and growing interest it the technology.

While SinglePoint enjoys a unique, diversified position in the cannabis industry, the company is joined by several other innovators demonstrating the girth of the market.

Terra Tech Corp. (OTCQX: TRTC) saw a 57.9-percent increase in cannabis-related sales in Q2 2017 compared to the same period during 2016. The company’s Edible Garden subsidiary provides locally-grown herbs and greens nationwide, serving over 40 million medical cannabis customers a month, available at over 1,800 retail outlets. It also recently signed an agreement ( http://nnw.fm/QcAk4 ) to purchase 50 percent of NuLeaf Sparks Cultivation LLC and NuLeaf Reno Production LLC, giving it access to the cannabis cultivation and medical market in Nevada. Two production facilities are under construction in the state from these entities – a 30,000-square-foot facility in Sparks, Nevada, and a 15,000-square-foot facility in Reno.

MassRoots, Inc. (OTCQB: MSRT) recently announced a $12 million stock deal ( http://nnw.fm/uoKq3 ) in the acquisition of CannaRegs Inc., a platform able to track cannabis regulation changes at the municipal, state, and federal level. The company has reported over $450,000 in contractually obligated annual revenue and is also tapping into the legal cannabis market in California. It also entered into a Definitive Agreement with Odava, a company involved in compliance, supply chain management, and point-of-sale technology. The agreement gives MassRoots access to the Oregon market, while its December 2016 acquisition of DDDigtal Inc. gave it access to a high-volume menu management and online ordering platform, which processed more than $5 million in transactions between May and December that year.

ABcann Global Corp. (OTCQB: ABCCF) (TSX-V: ABCN) recently announced expansion plans of its own. In Q3 2017, it will build a 100,000-square-foot facility in Napanee, Ontario, revised from an original phase 1 plan of 71,000 square feet for its Kimmett facility (cultivation is expected to begin by Q4 2018). Also, the company revealed production capacity at the Vanluven facility will double to serve its growing patient base, with first cultivation anticipated for Q1 2018. The company also aims to serve the booming Canadian cannabis market through its acquisition of ABcann Medicinals, one of the dominant medical growers of organic, pesticide-free product in the country. In addition, it announced the purchase of land that would increase its production by 20-fold. With a $43 million cash position only three months after becoming a publicly traded company, ABcann is positioned as one of the leading medical cannabis growers in Canada.

Medical Marijuana, Inc. (OTC: MJNA), which merged with CannaBANK in 2011, revealed an acquisition of Kannaway in 2015, a network marketing company, to help expand its brand of cannabidiol-based powders, proteins and supplements. Kannaway’s sales staff in the U.S. and expansion into Europe and South America didn’t hurt with territorial expansion either. It also has subsidiaries in Brazil and Mexico, and an investment in AXIM Biotechnologies, a cannabinoid research and development firm. In July 2017, Kannaway, now an MJNA subsidiary, announced its largest single-day revenue in company history, and also recently announced a 135-percent revenue increase in Q1 2017 over the same quarter a year earlier.

The cannabis industry is growing by leaps and bounds to support demand, helped by acquisition and territorial expansion activity of leading companies. Ease of purchase is aiding sales too; case-in-point, www.SingleSeed.com, launched by SinglePoint to provide a wide variety of business solutions for dispensaries, retailers and other cannabis companies. The bold strategies of SinglePoint and other companies appear to be paying off as the broader marijuana market continues to grow at an accelerated pace.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. 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.

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News Source: NetworkNewsWire

 

SinglePoint Continues Accelerated Growth in Cannabis Sector with Letter of Intent to Acquire Dr. FeelGood



SEATTLE, WA /  08/22/17 / SinglePoint, Inc. (OTC PINK: SING) today announces it has signed a Letter of Intent (LOI) to acquire Dr. FeelGood, an already profitable Phoenix-based medical marijuana distribution company with plans to develop a proprietary delivery and ordering technology. Per the LOI, SinglePoint will acquire 51% of the company in a combination of cash and stock. The acquisition will add an additional revenue stream to SinglePoint, solidifying the company's acquisition-based revenue strategy.

SinglePoint anticipates it will quickly close this acquisition, demonstrating its ability to grow its portfolio of investments in established high-growth, high-potential cannabis businesses. SinglePoint successfully acquired two companies earlier this year, and expects that the acquisition of Dr. FeelGood will be a highly successfully addition to its portfolio.

"This acquisition is right in our wheel house. I previously took a distribution company public on the NASDAQ and believe with my experience in distribution we can grow this company quickly. The acquisition of Dr. FeelGood will be the third acquisition of the year. Through the acquisition of DIGS Hydro and Convectium, SinglePoints revenue has increased 378 percent compared to the first quarter of 2017. SinglePoint is in a better position than it has ever been before. We are looking at additional companies and plan to complete additional acquisitions prior to the end of the year. We are well capitalized to continue acquisitions and we are optimistic to complete around three more acquisitions and significantly increase the company's revenue," says SinglePoint CEO Greg Lambrecht.

Dr. FeelGood has a wide variety of products that are distributed to both businesses and consumers. Owners Scott Riley and Jeff Clevenger have over 30 years of experience in building and scaling businesses, including running a cannabis distribution business. Riley and Clevenger will continue to run day-to-day operations of Dr. FeelGood and assist with plans to expand the business and license the brand in additional states.

"This acquisition will enable Dr. FeelGood to quickly ramp up its operations. With SinglePoint's support and connections into launching new technology, we are really excited to work together and bring to life a few amazing projects we have been working on developing. We are confident in our ability to grow this company exponentially in the first six months of this acquisition," states Riley.

SinglePoint and Dr. FeelGood will first focus on the development of a delivery platform utilizing SinglePoint's location-based delivery application. Additional features, such as a directory and ordering system to directly compete with Leafly and WeedMaps, will then be implemented to cement the technology's position in the market. Dr. FeelGood has existing plans to build the app, and expects that a collaboration with SinglePoint will help the company utilize the app sooner-than-expected to meet existing and growing interest.

SinglePoint continues to establish its portfolio in the cannabis sector, well-paced with broader industry growth. A report by the Cannabist (2016) shows that the cannabis industry will report a steady growth pattern in the coming decade. Based on the research, by 2025 the cannabis market will be worth over $20 billion, more than double its current estimate. Based on data from the New Frontier (2014), the legal cannabis market enjoys a compound annual growth of 29%.

About the Company
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed (www.SingleSeed.com) the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company-beta/165982/

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

Cannabis and Cryptocurrency: The Time Is Now


New York, NY – August 22, 2017 – NetworkNewsWire.com News Coverage:  Two booming markets are intersecting in the United States right now: legal cannabis and bitcoin. America’s cannabis market is predicted to reach a valuation of up to $50 billion by 20261, and the value of bitcoin reached record highs in August, surpassing $4,000 per coin and remaining above that mark as of August 192. Both unquestionably hot market segments right now, cannabis and bitcoin are now being linked thanks to the enterprising efforts of companies like SinglePoint, Inc. (OTC: SING), which aims to utilize bitcoin in addressing a problem currently faced by legal cannabis businesses in the U.S.: a lack of banking options due to federal restrictions. The activities of companies like Bitcoin Services, Inc. (OTC: BTSC), Bitcoin Investment Trust (OTC: GBTC), Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corp. (NASDAQ: NVDA) attest to the red-hot market status that bitcoin and other cryptocurrencies are enjoying right now. As a solution for currently “unbankable” legal marijuana businesses, cryptocurrency seems like a perfect fit.

The new bitcoin exchange being pioneered by SinglePoint, Inc. (OTC: SING) aims to provide cannabis merchants with a means of processing debit and credit card transactions independent of banks and the FDIC ( http://nnw.fm/Ln5ot ). This will not only allow marijuana businesses to begin conducting non-cash transactions (cash currently being the only option for most), but it will also allow customers to purchase cannabis products with their debit and credit cards, just as they would purchase any other type of merchandise at any other type of store.

SinglePoint is developing an in-house solution that would allow cannabis consumers to obtain bitcoin at any point of sale and instantly make bitcoin-powered purchases using their debit and credit cards. Users will be able to sign up prior to visiting a vendor or sign up quickly right at the point of sale. A beta version of SinglePoint’s bitcoin solution is set to debut in November at the Las Vegas Marijuana Business MJBIZCON event.

While similar solutions exist internationally, SinglePoint is an early mover in bringing this technology to the U.S. The solution will be KYC-AML compliant, and it will be applicable outside of the cannabis market and could be utilized by any kind of business desiring to offer an option for bitcoin transactions.

Though the beta launch is still a few months away, potential patrons are already signing up through SinglePoint’s website.

A cannabis-specific cryptocurrency known as $Weed was recently purchased ( http://nnw.fm/M9vYG ) by SinglePoint from First Bitcoin Capital Corp (BITCF) and will also be incorporated into SinglePoint’s cryptocurrency solution, enabling marijuana dispensaries and customers to complete transactions using either bitcoin or $Weed. A recent initial coin offering (ICO) for $Weed resulted in an impressive yet illiquid market cap of nearly $60 million.

While cryptocurrency wallets can be obtained at the point of sale through SinglePoint’s solution, SinglePoint and BITCF intend to implement a consumer-first approach and invest heavily in enticing customers to sign up for their cryptocurrency wallets ahead of time. This will ensure consumers can make their onsite cannabis product purchases without delay, and it also lets vendors deploy loyalty programs, special offers and more and to access consumer data regarding products.

For additional information about SinglePoint’s operations, view the company’s IR Kit here: http://www.networknewswire.info/sing/ir/ .

Considered the most valuable of the cryptocurrencies, bitcoin has exploded in value and popularity, with many companies and businesses jumping on the bandwagon to either offer bitcoin-related services or accept bitcoin as a currency. Other entities are busily developing and offering their own “bitcoin-esque” cryptocurrencies.

A company primarily engaged in mining bitcoin and developing and selling blockchain software, Bitcoin Services, Inc. (OTC: BTSC), began mining its own cryptocurrency, known as Dash, in the first quarter of 2017. The company also recently created a new subsidiary, Crypto Capital Corp., to develop a cryptocurrency wallet that will allow users to securely store multiple digital currencies, all in one wallet.

Bitcoin Investment Trust (OTC: GBTC), stands out as the first publicly quoted bitcoin investment vehicle, enabling investors to invest in digital currency without actually buying bitcoins. A U.S.-based, open-ended grantor trust sponsored by Grayscale Investments, Bitcoin Investment Trust is exclusively invested in bitcoin. Its shares are the very first publicly quoted securities to be exclusively invested in and derive value from the price of bitcoin. Through Bitcoin Investment Trust, investors are able to gain exposure to bitcoin’s price movement through a traditional investment vehicle, free of the challenges associated with buying, storing and safeguarding bitcoins. For 2017, Bitcoin Investment Trust was named one of OTC Market Group’s “OTCQX Best 50.”

Rival companies Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corp. (NASDAQ: NVDA) have each cashed in big during 2017 with their respective offerings of powerful graphic cards, which miners of bitcoin and ether (a cryptocurrency used on the Ethereum blockchain) have been using to mine new coins. The recent cryptocurrency mining boom is being credited with driving up sales of the graphic processor units (GPUs) offered by these companies as cryptocurrency miners attempt to generate as much currency as they possibly can.

There probably isn’t a better time than now for a cannabis cryptocurrency solution to hit market. Both the legal cannabis and cryptocurrency markets are currently on fire, and merging these two hot markets can only equal success right now for the companies that accomplish it.

Editorial Sources:
(1) Bloomberg.com: http://nnw.fm/JSGp1 
(2) Bitcoin.com: http://nnw.fm/zo7JB 
For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611

News Source: NetworkNewsWire

 

Record Bitcoin Gains Indicate High Times Ahead for Cannabis Cryptocurrency



New York, NY – August 15, 2017 – NetworkNewsWire.com News Coverage:  Within America’s explosive legal cannabis market—projected to potentially reach a staggering $50 billion valuation by 20261—legal uncertainties and blockades continue to pose challenges. One of these challenges is a lack of banking options for marijuana merchants, who are largely forced to conduct cash transactions, as cannabis businesses currently do not have the backing of the FDIC and, consequently, do not have access to traditional banking options. Necessity is the mother of invention, and enterprising companies are endeavoring to skirt federal restrictions and provide cannabis companies with innovative financial transaction options to meet their growing needs. One company racing to fill this cannabis payment options void is standout player SinglePoint, Inc. (OTC: SING), which is currently on the fast-track to debuting a payment processing solution utilizing cryptocurrency. This pioneering solution has been developed in collaboration with First Bitcoin Capital Corp. (OTC: BITCF). The validity and promising potential of bitcoin as a solution for marijuana vendors is apparent in view of the staggering success of bitcoin, evidenced in recent gains and in the activities of companies like Bitcoin Services, Inc. (OTC: BTSC), Amazon.com, Inc. (NASDAQ: AMZN) and Overstock.com, Inc. (NASDAQ: OSTK).

As of August 14, bitcoin continued its hike to reach a record high of $4,302.36 per coin. Overall, bitcoin has gained about 80 percent since July and, since the start of 2017, has gained a whopping 257 percent2. Such activity clearly shows a promising future for bitcoin and other cryptocurrencies like it.

SinglePoint, Inc. (OTC: SING) is right at the cutting edge of employing cryptocurrency as a solution for businesses within the cannabis market. The company plans to launch a beta version of its bitcoin solution at the Las Vegas Marijuana Business MJBIZCON event, which takes place November 14-17.

SinglePoint’s new bitcoin exchange (http://nnw.fm/Ln5ot) is targeted at providing cannabis businesses with a user-friendly means of accepting debit and credit card payments and will give marijuana consumers the same convenience, allowing them to make purchases with their cards just as they would purchase any item at any other kind of store. SinglePoint has begun developing an in-house solution that would enable marijuana users to obtain bitcoin at any point of sale and to make instant purchases powered by bitcoin when all they have is a debit or credit card. When launched, this solution will be applicable to other markets, as well, and could be deployed by any type of business wishing to offer a bitcoin transaction option—not cannabis companies only.

SinglePoint’s bitcoin application will be KYC-AML compliant. Customers will be able to sign up for an account online prior to visiting a merchant, or they can do it in seconds right at the point of sale. Similar solutions have been deployed internationally, but SinglePoint is in an early-mover position to bring such technology to the United States. Though still a few months from its beta launch for the solution, SinglePoint is already amassing potential customers through its website.

SinglePoint recently purchased $Weed from First Bitcoin Capital (OTC: BITCF) and will incorporate this cannabis-specific cryptocurrency into its bitcoin solution, so cannabis dispensaries and consumers can accept/use either bitcoin, $Weed coin or both (http://nnw.fm/M9vYG). The recent initial coin offering (ICO) launch for the $Weed cryptocurrency resulted in an impressive yet illiquid market cap of almost $60 million.

SinglePoint and First Bitcoin Capital plan take a consumer-first approach and heavily invest in getting customers to sign up for cryptocurrency wallets in advance. The benefits of this approach include ensuring customers can make their in-store purchase as quickly as possible, and it will also enable merchants to build in loyalty programs, special offers and more as well as to gain insights regarding which products are being purchased, how many are being sold, etc.

As shown in the broad potential of SinglePoint’s cryptocurrency solution, bitcoin has widespread application that includes but also goes far beyond the cannabis market. For more on SinglePoint’s operations, visit the company’s IR Kit here: http://www.networknewswire.info/sing/ir/ 

Other companies, like Bitcoin Services Inc. (OTC: BTSC), are also working to offer cryptocurrency transaction options to consumers. In the first quarter of 2017, Bitcoin Services began mining its Dash cryptocurrency, and the company has also recently created a new subsidiary, Crypto Capital Corp., which is developing a new crypto currency wallet that will allow users to store multiple digital currencies all in one wallet. Bitcoin Services Inc. is an Internet-based company focused on bitcoin mining and blockchain software development.

Demand for bitcoin continues to increase with its price, and big-name retailers are shifting gears to accommodate this demand. Consumers throughout the world can now make purchases through electronic commerce giant Amazon.com, Inc. (NASDAQ: AMZN) using bitcoin. While Amazon does not currently accept bitcoin directly, Purse.io connects bitcoin shoppers with Amazon gift card holders via an app. The bitcoin shopper selects a desired product on Amazon and creates a wish list for the item on Purse.io. The holder of an unwanted (and not redeemable for cash) Amazon gift card then purchases the bitcoin shopper’s desired item with the gift card, and the item is shipped to the bitcoin consumer. In exchange, the gift card holder receives a bitcoin payment for the gift card. This Purse.io feature has provided billions of shoppers with the option of making Amazon purchases on their iOS and Android devices using bitcoin. It also lets consumers who don’t have bank accounts or credit cards use Amazon’s e-commerce platform, and the service further enables merchants to register their Purse accounts and sell directly on Amazon’s e-commerce platform.

Another major e-commerce player, Overstock.com, Inc. (NASDAQ: OSTK), does accept bitcoin directly and stood out as the first major retailer to do so, commencing acceptance of the cryptocurrency in January 2014. Overstock.com partnered with bitcoin platform Coinbase to accept the digital currency. Later in 2014, the company also created subsidiary Medici Ventures to focus on the development and advancement of blockchain technology.

It seems clear that cryptocurrencies—with bitcoin shining as the most valuable among them—are here to stay and likely represent what the future of financial transactions will look like. As a prime solution for unbankable cannabis businesses and beyond, bitcoin seems to have a very bright future, indeed.

NNW Editorial Sources:
(1) Bloomberg.com: http://nnw.fm/JSGp1 
(2) Business Insider: http://nnw.fm/3cbMT
For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611

News Source: NetworkNewsWire

 

SinglePoint Inc. Announces Purchase of $Weed as Money from Joint Venture Partner First Bitcoin Capital



SEATTLE, WA /  08/08/17 / SinglePoint, Inc. (OTC PINK: SING) announces its purchase of $Weed which is one of the newest fiat currencies floated in the booming Cryptocurrency markets. The large block purchase is from crypto industry leader, First Bitcoin Capital (OTC: BITCF). After many months of collaboration, the two companies have decided this initiative is the starting point for a much larger play in the cryptocurrency markets. Weed "Coin" is a crypto currency geared toward solving the payment problems found in the cannabis industry. The coin recently had its ICO launch resulting in an impressive yet illiquid market cap of close to $60,000,000.

Currently WeedCoin is already listed on three exchanges. SinglePoint and First Bitcoin Capital plan to list and market the coin on many more exchanges soon. Additional listings and marketing efforts could generate greater interest levels found in such competitors as PotCoin as part of a partnership to move towards a massive consumer first approach. The consumer first approach overcomes the traditional issues of making a payment at dispensaries using cryptocurrencies.

A big barrier in making a payment at cannabis retail stores using cryptocurrency is the consumers do not yet have a wallet set up. This takes time and slows down this entire process. SinglePoint and First Bitcoin Capital plan to invest heavily in getting the consumers to sign up first, making sure they have the ability to quickly go in and make a purchase from a dispensary, painlessly. The consumer approach also lets the companies build in multiple programs such as loyalty, special offers, and the ability to track what kinds of products people are buying which leads to a massive database of what is popular, how much it is being sold for on average and many more insights to the cannabis industry.

The companies both believe that with the proper execution, users should find a similar experience to using Starbucks' mobile payment system. An easy preload of your card, which enables you to purchase $Weed as money, instantly, then the employee at point of sale rings up your total and the consumers scan a barcode from their smart phone or tablet.

If you would like to acquire $Weed as a digital coin you can participate through any of the following three exchanges:

https://www.cryptopia.co.nz/Exchange/?market=WEED_BTC
http://omnichest.info/lookupmarket.aspx?spa=191&spb=1
CoinQX.com - Must have a registered account to view trade data.

About the Company

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company-beta/165982/

For more information visit: www.SinglePoint.com

About First Bitcoin Capital Corp

First Bitcoin Capital Corp is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital crypto currencies and blockchain technologies. At this time the Company owns and operates more than the following digital assets under development:

www.CoinQX.com cryptocurrency exchange, registered with FinCEN.
https://www.omniwallet.org/assets/details/309 Latest Active ICO for Loyalty (FLY)
www.altcoinmarketcap.com market capitalization for all cryptocurrencies with up and down voting by altcoin communities.
www.Alphabitcoinfund.com world's first crypto ETF.
www.strain.ID cannabis strains genetic information depository on decentralized Blockchain.
www.iCoiNEWS.com real time cryptocurrency and Bitcoin news site.
www.BITminer.cc providing mining pool management services.
www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.
www.bitcannpay.com Open Loop merchant services for dispensaries.
List of most Omni protocol coins issued on the Bitcoin Blockchain and owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
Second Omni wallet owned by CoinQX reflecting our airline mileage tokens issued: http://omnichest.info/lookupadd.aspx?address=1VuF26AgLyQ4tBoGzYTWRqtDG9zCB7QXe
Third (managed) Omni wallet owned by COINQX: http://omnichest.info/lookupadd.aspx?address=1M18oycUdsXv4pKyLLiASREcRGzPu22MxK

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544
Source: SinglePoint, Inc.

 

Absent Federal Banking Support, Cannabis Market Shows Growing Interest in Proprietary Bitcoin Payment Solutions



New York, NY – August 8, 2017 – NetworkNewsWire.com News Coverage:  The legal marijuana industry continues its impressive growth, despite the inability to access a wide range of banking solutions, given that cannabis is still classified as a Schedule I substance by the Federal government. Similarly, bitcoin is a booming market, recently hitting an all-time high of $3,0001 per unit. These two fast-growing markets are already working together, providing investors with significant and diversified opportunities. Several companies, such as SinglePoint, Inc. (OTC: SING), First Bitcoin Capital Corp. (OTC: BITCF), Epazz, Inc. (OTC: EPAZ) and Bitcoin Services, Inc. (OTC: BTSC), are focused on innovative bitcoin-based payment solutions to benefit the legal marijuana industry and provide large market players such as Hemp, Inc. (OTC: HEMP) with the necessary financial tools to profit and thrive.

Because of federal regulations barring traditional financial institutions and credit card companies from offering their services, the booming marijuana industry, with almost $7 billion in reported sales2 last year, is facing a massive cash flow problem. Cannabis merchants are forced to accept cash-only transactions, which create a constant security threat and accounting issues, further limiting most companies’ ability to grow and expand their business. More and more marijuana businesses are therefore turning to bitcoin solutions as a buffer that allows customers to use their credit cards for purchases. With bitcoin a developing and volatile vertical, cannabis companies are looking toward proprietary bitcoin payment solutions developed specifically for the marijuana market.

This is where specialized holding company SinglePoint, Inc. (OTC: SING) comes in. The mobile technology provider is developing (http://nnw.fm/2wJlF) a proprietary bitcoin exchange system aimed at solving payment processing issues in high-risk markets including the cannabis industry. This in-house solution will allow consumers to obtain bitcoin at any point of sale and will be available for use to any legal marijuana business in the 29 states and the District of Columbia where cannabis has been legalized. The proprietary system is built for SinglePoint by TopTal, a San Francisco-based freelance engineering company, and is designed to make instant Bitcoin-based purchases for customers who want to use their credit or debit cards instead of cash.

In development since 2014, the new system is KYC-AML-compliant and will be the first of its kind to be used across the United States, with similar solutions already being implemented abroad, according to SinglePoint. The bitcoin exchange is designed with simplicity in mind in order to make the customer experience as easy as possible. Consumers can sign up directly at the point-of-sale or set up an account online before the purchase, swipe their cards and pay, just as they would with any regular card payment.

“With the currencies new found consumer adoption we believe this is the time to execute and we are doing that in a big way. We have employed an expert and he has architected exactly what we need. Sign up, Swipe and Pay. At the end of the transaction if there is left over Bitcoin the consumer walks away with it. The bottom line is, it's easy and almost gives the customer the same experience they are used to using every day," Wil Ralston, president of SinglePoint, stated in a recent press release.

Being an early mover in this segment offers SinglePoint a major opportunity for additional revenue from transactional and platform fees, and to position itself to tap into a largely underserved market.

Aside from the bitcoin system, SinglePoint offers a wide range of marketing and payment processing solutions and services to the legal marijuana industry via subsidiary SingleSeed (http://nnw.fm/3JAie). A recent online audio press release (http://nnw.fm/Kzrh2) illustrates how management is steering SinglePoint’s transition into a diversified holding company. As part of its acquisition-based growth strategy, the company also acquired Convectium, a provider of equipment, branding and packaging solutions that manufactures a highly innovative cartridge and vape pen oil filling system - the first such system available for wholesale distribution to dispensaries. The acquisition, along with SingleSeed services and its development of bitcoin technology for the industry, has given SinglePoint an edge with investors in the legal marijuana market, enabling it to grow at an accelerated rate and put together the capital needed for further development.

Furthermore, SinglePoint partnered with First Bitcoin Capital Corp. (OTC: BITCF), a provider of blockchain and bitcoin technology. The two companies have a joint-venture agreement to build and distribute the best bitcoin solution available for the cannabis industry and other high-risk markets. Described as the world’s most prolific issuer of digital currencies, First Bitcoin Capital is the first publicly traded bitcoin entity, with plans to vertically consolidate each segment of the cryptocurrency space. After acquiring control of the world’s first cryptocurrency ETF, AlphaBIT, in July, the company is set to make history again by becoming the first to pay dividends to shareholders in the form of cryptocurrency, according to a recent press release (http://nnw.fm/o5Y9u).

Another bitcoin-based payment system for the fast-growing cannabis industry comes from cloud-based software solutions provider Epazz, Inc. (OTC: EPAZ). Launched three months ago, Epazz’s Zenpay system is based on a unique cannabis payment software that allows consumers to use the cryptocurrency for easy store purchases while offering complete anonymity – the consumer would not be required to share his or her name or personal details. Currently in beta testing, the Zenpay system can be seamlessly integrated with merchant stores’ flow and, thus, help fill the industry’s need for a reliable payment solution. Epazz expects the system to start generating revenue later this year, as it can be licensed to vendors in several states.

Bitcoin Services, Inc. (OTC: BTSC), the first blockchain-focused U.S public company, has taken bitcoin-based payment solutions one step further by creating an online marketplace where the cryptocurrency can be exchanged for goods and services. The online shop covers multiple verticals, including health and fitness, real estate, automotive, electronics, apparel, catering, etc. and is available for users all over the world. Bitcoin payments can be made without requiring any personal information, thus offering enhanced protection against identity theft. In addition to this massive marketplace, Bitcoin Services is developing a new cryptocurrency wallet that will allow users to store multiple digital currencies and has also begun mining Monero - one of the top digital currencies with a market cap of more than $300 million.

These innovative bitcoin-payment solutions can greatly benefit the cannabis industry at large, including major players such as Hemp, Inc. (OTC: HEMP), a provider of hemp-based products and services to the recreational and medical marijuana industries, as well as owner of a website providing related news and entertainment. Hemp recently got one step closer to its long-term goal of becoming the leader of the U.S. industrial hemp industry by opening its own processing facility (http://nnw.fm/XwRm8). The 70,000-square-foot hemp mill located in North Carolina is the result of three and a half years of hard work and an investment of millions of dollars. The facility is the largest in North America and has already started processing its first product, marking the start of a new chapter in the company’s journey: to focus on marketing efforts and enhance its production capabilities to meet rising demand.

In the absence of other payment alternatives and access to the federal banking system, the legal marijuana industry will have no other solution but to expand its use of bitcoin as a bridge between consumers and cannabis services. Involvement in this vertical will make both cannabis merchants and payment solution providers more appealing to investors looking for lucrative opportunities in two booming industries that show no sign of stopping anytime soon.

Editorial Sources:

1. Tech Crunch http://nnw.fm/w2B9n
2. Entrepreneur http://nnw.fm/5fdZY

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire
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SinglePoint Developing a Proprietary Bitcoin Exchange to Solve Payment Processing Issues in High Risk Markets



SEATTLE, WA /  08/07/17 / SinglePoint, Inc. (OTC PINK: SING) is providing a first-hand look at the company's new Bitcoin exchange aimed toward solving the payments issues plaguing today's cannabis industry. Currently, there is no standard for payment processing the cannabis market. It is an underserved market with vast opportunity for technology to solve the payments issue.

SinglePoint has started building an in-house solution enabling consumers to obtain Bitcoin at any point of sale. The new solution can be utilized by any business, from convenience stores to medical and recreation cannabis dispensaries. The company states it will be "a payment service to make instant bitcoin powered purchases possible when all you have is a credit (or debit) card."

The company has done extensive research and the application will be KYC-AML compliant. Through a simple sign up form and easy ID verification component a customer will be able to set up their account online beforehand or will be able to sign up within seconds directly at the point of sale. SinglePoint has seen a similar type of solution being utilized abroad but not yet in the United States. As an early mover in building this solution company management is confident there will be a strong market for the solution and has already starting collecting potential customers through the company website.

Beyond Bitcoin, SinglePoint is currently in negotiations to make a major purchase from a company that has recently ICO'ed a cannabis specific crypto currency to be used specifically for the cannabis industry. SinglePoint will roll this into its point of sale crypto currency offering. Enabling the consumer to purchase which ever coin they would like to as well as giving the dispensaries the option of which coin they would like to accept, which could be both.

According to a new report by Grand View Research the Cannabis Market is projected to reach $55.8 billion by 2025. This presents a major opportunity for SinglePoint to generate additional revenue through platform fees and transactional fees.

"We are very excited about this solution. in 2014 we started to explore the world of Bitcoin and believed then Bitcoin would have an impact on the cannabis industry. With the currencies new found consumer adoption we believe this is the time to execute and we are doing that in a big way. We have employed an expert and he has architected exactly what we need. Sign up, Swipe and Pay. At the end of the transaction if there is left over Bitcoin the consumer walks away with it. The bottom line is, it's easy and almost gives the customer the same experience they are used to using every day." states, Wil Ralston, President of SinglePoint.

SinglePoint has engaged TopTal a San Francisco based company providing freelance engineers to build out the Bitcoin based solution. SinglePoint is targeting to have a beta solution ready for testing and a major launch at the Las Vegas Marijuana Business MJBIZCON November 14th - 17th. SinglePoint plans to partner with multiple retail cannabis stores in the area and have conference attendees sign up at the SinglePoint booth to receive a discount at a local retail store.

About SinglePoint, Inc. SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company-beta/165982/

For more information visit:

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.

IR Contact:
Greg Lambrecht
855-711-2009

Source: SinglePoint, Inc.

 

Industry Leaders Riding High as Marijuana Demand Outpaces Supply



New York, NY – July 19, 2017 – NetworkNewsWire.com News Coverage:  The legal marijuana market has been growing by leaps and bounds in North America. Sales jumped 30 percent in 2016, accounting for $6.7 billion in retail activity in the United States and Canada. For companies like SinglePoint, Inc. (OTC: SING), which recently formed a joint venture with First Bitcoin Capital Corp. (OTC: BITCF), strategic marijuana-centered acquisitions are helping fuel corporate growth while increasing the availability of equipment and packaging and payment solutions for the broader marijuana market. The cannabis industry also benefits from the activities of American Cannabis Company, Inc. (OTC: AMMJ), a producer of a proprietary growing medium, as well as from industry players AeroGrow International, Inc. (OTC: AERO) and AbbView, Inc. (NYSE: ABBV). A closer look at the massive demand for marijuana shows the incredible market opportunity presented to publicly traded cannabis companies as they carve their own niches in a burgeoning industry.

Just two weeks after the State of Nevada legalized the sale of recreational marijuana on July 1, the nearly 50 dispensaries licensed to sell weed found themselves running out of supply. With more than $1 billion of possible tax revenue on the table2, Nevada state officials declared a state of emergency to allow the creation of new rules that would expedite the licensing process to support public demand.

A report1 by The Washington Post claims that over 40,000 transactions of recreational cannabis occurred in the days following the start of sales. The number of transactions reveals the depth of demand, along with the dire need for adequate payment options as consumers bring their goods to the counter. Because marijuana is still illegal on a federal level, most banks are on the sidelines when it comes to offering banking services to the cannabis industry, giving dispensaries few choices other than dealing in all-cash. This is where SinglePoint (OTC: SING) steps in.

In June, SinglePoint secured funding ( http://nnw.fm/2MkXl  ) to continue its acquisition strategy and further the development of its bitcoin payments solution in partnership with First Bitcoin Capital Corp. (OTC: BITCF) (http://nnw.fm/fY78J). The joint venture is developing a proprietary bitcoin payment solution that can be implemented in any point-of-sale machine and will allow customers to purchase cannabis products using debit and credit cards without the backing of banks or the FDIC. SinglePoint also recently purchased the domain name www.SingleCoin.com as part of its planned potential initial coin offering (ICO), which would specifically support transactions for the marijuana industry and other high-risk industries.

Recognizing other opportunities in the high-demand marijuana market, SinglePoint is fattening its acquisition portfolio to create new investment opportunities and boost the availability of equipment, products, and technologies to support the sector’s continued growth.

SinglePoint’s (http://nnw.fm/LSj7x) Discount Indoor Garden Supply (“DIGS”) subsidiary recently inked a supply agreement (http://nnw.fm/slK6I) with Premier Biomedical, Inc. providing SinglePoint with expectations for “significant revenues increase.”
"This opportunity for both SinglePoint and DIGS Hydro is fantastic. We have been working very hard on making acquisitions and inside sales to boost revenues. To have this subsidiary execute on its business plan and generate major revenue for SinglePoint is exactly what we want to see. We are very excited about the second quarter financials and showing the significant revenue increase," SinglePoint CEO Greg Lambrecht stated in the press release.

SinglePoint’s portfolio also includes an investment in Convectium Labs, a move that will support the accessory-side of consumer demand. Convectium provides equipment, branding and packaging solutions to the cannabis industry and is the developer of the first cartridge and vape pen oil-filling machines offered through wholesale distribution to cannabis dispensaries. Convectium’s 710Shark and 710Seal machines, currently sold through the EquipCanna.com website, are capable of filling and packaging more than 100 cartridges or disposable vape pens in 30 seconds. Convectium also operates a consumer brand that includes BlackoutX and HazeSticks products.

Before marijuana ever hits the display case in a dispensary, careful cultivation determines its marketability. On July 13, American Cannabis Company (OTCQB: AMMJ) reported that its proprietary SoHum® Living Soil was designated “Best Potting Mix” with the 2017 High Times STASH award. Containing only natural ingredients, this growing medium allows users to add water and be ready to fully nourish cannabis plants. It can improve plant yield and quality while reducing the time and labor needed to go from growth to market. The soil includes helpful microbes and reduces the effort and work in keeping plants fed. Also, the company recently announced two active clients have submitted applications to operate medical cannabis operations in Ohio.

Also in the growing category is AeroGrow International (OTCQB: AERO), which recently posted full-year revenues of $23.6 million, an increase of 20 percent over the year prior, along with zero debt and more than $8.8 million of cash on hand. The indoor gardening systems company said its fiscal year ended March 31, 2017, was the strongest year in its history, noting strength in its online and retail presence and making mention of its hydroponic offerings. “And all of this is against the backdrop of our product line becoming increasingly well positioned in the market place – smart gardens, indoor gardening and hydroponic gardening all appear to be trending significantly upward, and we are uniquely qualified to address each of these major trends,” AERO president and CEO J. Michael Wolfe stated in the press release.


While recreational use of marijuana is making most of the headlines these days, the demand for the drug’s application to the medical industry shouldn’t be overlooked. Though cannabis isn’t its primary focus or main revenue driver, AbbView (NYSE: ABBV) is worth noting, as the pharmaceutical giant has performed well in the market, with shares 30 percent higher on July 14 than they were in November, according to a report by InvestorPlace3. Aside from other drugs in its portfolio, AbbView since the mid-1980s has marketed an FDA-approved cannabis-based drug, Marinol, for the treatment of nausea and vomiting related to chemotherapy, and some that treat AIDS and other diseases. Marinol includes Dronabinol, a compound that is chemically identical to tetrahydrocannabinol (THC).

While the marijuana industry navigates uncharted territory, experimenting with various measures to smooth out the kinks of supply and demand, licensing, distribution, banking, cultivation and application, investors are presented a playing field ripe with opportunity. From bitcoin payments and accessories to hydroponics and medical treatments, the potential of cannabis companies is on the high side.

For more information on SinglePoint please visit: Singlepoint (SING) or www.SinglePoint.com

Editorial Sources:
1. Washington Post http://nnw.fm/jaGN6 
2. Las Vegas Sun http://nnw.fm/rSh3J 
3. InvestorPlace http://nnw.fm/7IAkW

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
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www.NetworkNewsWire.com 
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Editor@NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer 

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
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______________________
Recent SinglePoint Coverage:



SinglePoint Provides Shareholder Update on Acquisitions and Company Initiatives



SEATTLE, WA /  Jul 18, 2017 / SinglePoint, Inc. (OTC PINK: SING) provides shareholder update covering acquisition performance as well as progress on company initiatives.

Today the company has hired a cryptocurrency expert to spear head the companys initiatives to develop a payments solution for high-risk customers and the cannabis market. The company is aiming to bring a solution to test within 60 days. The companys joint venture with First Bitcoin Capital Corp will help drive this timeline and bring the solution full circle from customer to dispensary. SinglePoint and First Bitcoin Capital will work together to drive a consumer first approach. By enabling the consumer to acquire the currency first it will make for an easier transaction once at the point of sale. SinglePoint has also hired Turner, Stone and Company to finalize the companys 2016 financial audit to continue its progress toward up-listing to the OTC QB Markets.

To date, SinglePoint acquired an interest and invested in two different companies. DIGS Hyrdo and Convectium. Both companies supply products to the cannabis market. DIGS specializes in growing and cultivation consulting. Convectium provides a best in class oil filling machine, the Shark 710. Last year Convectium sold 45 machines and has already hit that number in 2017. Most recently the company hired Mark Adams a Boston Native and Harvard Graduate. Mark is an operations specialist with background in managing and developing complex growth strategies. SinglePoint executives believe this alone will drastically increase Convectiums already established momentum.

DIGS Hyrdo provides multiple products to growers and dispensaries. The company has two stores open in Southern California with plans for a third. DIGS is starting to develop a starter kit for home grow interests as well as engineer DIGS Hydro branded products which will lead to increased margins. The company has 4x revenue growth in just the first two quarters of operation. This acquisition and growth is key to SinglePoints acquisition strategy.

DIGS is a perfect example in what we want to happen in an acquisition. We acquired the company injected the needed growth capital and seeing the results come in through increased revenue. In the near future we will be kicking off an online marketing strategy to sell products nationwide through Digshydro.com. States, Greg Lambrecht CEO SinglePoint.

SinglePoint is currently looking at multiple different acquisition targets in the cannabis space. Specifically, a highly-regarded technology driven delivery company and another that is developing and providing solar solutions to commercial cannabis grow spaces.

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: www.facebook.com/SinglePointMobile, http://www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com or www.SingleSeed.com

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.

Contact:

SinglePoint, Inc.
Greg Lambrecht
602.481.1544
Source: SinglePoint, Inc.



What it Takes to Stand Out from the Crowd in the Legalized Marijuana Space


New York, NY – July 12, 2017 – NetworkNewsWire.com News Coverage:  The burgeoning legalized marijuana market is increasingly populated with unique contenders, and success in this market requires a high caliber of innovation that drives compounding potential for revenue growth, success and sustainability. SinglePoint, Inc. (OTC: SING), for example, employs a diversified acquisition strategy in tandem with a plan to develop a crypto currency solution for the cannabis industry with First Bitcoin Capital Corp. (OTC: BITCF). Among other publicly traded standouts in this opportunity-rich market the marijuana space is General Cannabis Corp. (OTC: CANN), GW Pharmaceuticals plc (NASDAQ: GWPH) and Golden Leaf Holdings Ltd. (OTC: GLDFF).

SinglePoint, Inc. (OTC: SING), offers a compelling and diversified investment opportunity within the marijuana space, and is beginning to demonstrate its ability to generate revenues through strategic acquisitions. While some investors are leery of the risks of the federally illegal marijuana market, it’s important to note that SinglePoint at no time touches the marijuana plant. For example, building on its history of payment technologies, SinglePoint – among other endeavors - services the marijuana industry via its SingleSeed subsidiary ( www.SingleSeed.com ), which is engaged in supplying various services to cannabis to dispensaries and has become a hub for dispensaries seeking merchant payment processing solutions and other business tools. SingleSeed also offers payment processing and text message marketing solutions for cannabis businesses.

Also in the payment technology field, SinglePoint recently partnered with First Bitcoin Capital (OTC: BITCF) to develop a proprietary bitcoin payment solution for cannabis business that, at present, do not have access to banking options due to FDIC restrictions and resultant lack of cooperation from banks. This innovative bitcoin solution will be deployable on any point-of-sale machine through a simple download and will enable cannabis businesses to accept credit and debit card transactions independent of banks.

As the first cryptocurrency and blockchain-centered company to become publicly traded, First Bitcoin is a valuable partner to SinglePoint in the quest to develop digital currencies. The company offers a suite of financial solutions for medical cannabis businesses, including merchant processing and point-of-sale solutions like automated check-cashing kiosks for California-based medical marijuana dispensaries. First Bitcoin Capital recently announced that it has invested its primary wallet, which owns dozens of cryptocurrencies, into closed-end crypto-exchange traded fund (CETF) AlphaBIT in exchange for controlling interest in the form of 200 million ABCs. This is the company’s very first foray into the Ethereum ecosystem, as ABC runs on the Ethereum blockchain. This acquisition is significant for various reasons, including giving shareholders a vehicle for transparently monitoring some of First Bitcoin Capital’s assets.

In June SinglePoint closed a $1 million company-friendly Convertible Promissory Note with an institutional investor, stating that proceeds from the investment will be used to execute on its bitcoin solution. With this new round of funding, the company is can move forward with its development of a crypto currency solution and continue its strategic acquisitions within the marijuana space.

One recent acquisition has positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in the state of California, where thousands of cannabis-related businesses have cropped up. SinglePoint recently acquired 90 percent ownership of Discount Indoor Garden Supply (DIGS), a provider of soil and supplies—including hydroponics products—as well as consulting services to legal cannabis growers. The importance of this acquisition is emphasized by an unsuspecting yet recognizable name: Scotts Miracle-Gro (SMG). While you might not think “marijuana” when you hear the name of this household brand, Scotts Miracle-Gro has emerged as one of the biggest traditional business players to participate in the cannabis industry. Through its wholly owned The Hawthorne Gardening Company subsidiary, the company is acquiring various leading firms in hydroponics areas, including soil, lighting and nutrients, and market reports suggest that the company has more acquisitions on deck for this year.

SinglePoint also recently inked an agreement with Premier Biomedical, Inc. (BIEI) to act as a volume supplier in manufacturing Premier’s new CBD (cannabidiol) Hemp Oil Skin Patch. The patch is anticipated to be the first in a line of products resulting from the agreement between the two companies. SinglePoint believes this new business will contribute greatly to its revenue goals.

Earlier this year, SinglePoint made an investment in Convectium, a California-based provider of equipment, branding and packaging solutions to the cannabis industry. Convectium developed the very first cartridge and vape pen oil-filling machines for wholesale distribution to marijuana dispensaries, and its 710Shark and 710Seal machines—which are currently sold through the EquipCanna.com website—can fill and package more than 100 cartridges or disposable vape pens in just 30 seconds. Convectium also operates a consumer brand that includes BlackoutX and HazeSticks products.

General Cannabis (OTCQB: CANN) is another diversified player in the cannabis space, serving as a comprehensive resource for high-quality services to the regulated marijuana industry. Through a combination of robust operating divisions, including security, marketing, operational consulting and products, real estate and financing, General Cannabis has become a key partner to the cultivation, production and retail areas of the marijuana market. The company’s synergistic divisions are able to leverage one another’s strengths to contribute to General Cannabis’ overall success.

Biopharmaceutical company GW Pharmaceuticals (NASDAQ: GWPH) has become a global leader in developing plant-derived cannabinoid therapeutics using its established drug discovery and development process along with an intellectual property portfolio and regulatory and manufacturing savvy. The company has successfully developed the world’s very first cannabis-derived prescription medicine, Sativex, which now has approval in more than 29 countries outside the United States to treat spasticity related to multiple sclerosis. GW’s current lead product candidate is Epidiolex (cannabidiol) for treating certain rare and severe early-onset, drug-resistant epilepsy syndromes. The company’s pipeline of CBD product candidates further includes compounds that are in Phase 1 and 2 trials for treating glioma, schizophrenia and epilepsy.

Another company focused on leveraging a differentiated brand portfolio within the legalized marijuana space is Golden Leaf Holdings (OTCQB: GLDFF). Golden Leaf Holdings is one of North America’s largest providers of cannabis oils and solutions and is a leading marijuana company in Oregon. The company’s product portfolio is constructed around recognized brands, and Golden Leaf Holdings is leveraging a robust management team of experts in the cannabis and food industries to bolster its expertise in cannabis oil extraction, refining and sales. Golden Leaf Holdings’ aim is to become a leading, consumer-driven company that is focused on wellness solutions that are founded on science and research, thereby leveraging the company’s differentiated brand portfolio to provide outstanding customer value.

These companies are making names for themselves through their successfully unique approaches within the rapidly growing legal marijuana market. With so many competitors now crowding the marijuana space, diversified players like the named companies stand out as ones to watch—and invest in—within the cannabis market.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING), or www.SinglePoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

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DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

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Bitcoin and Hydroponics Present Prime Investment Opportunities in the Legal Cannabis Space


New York, NY – June 28, 2017 – NetworkNewsWire.com News Coverage:  In increasing volume, investment opportunities in the legalized marijuana industry are being added to the portfolio of many enterprising investors. Amid the numerous categories of investment options offered within this burgeoning industry, two sectors stand out: bitcoin, a digital currency that can facilitate the transfer of funds free of banks and government regulation, and hydroponics, an industry standard method of growing plants without soil. Companies like SinglePoint, Inc. (OTC: SING), Bitcoin Investment Trust (OTC: GBTC), First Bitcoin Capital Corp. (OTC: BITCF), Scott’s Miracle-Gro Co. (NYSE: SMG) and Terra Tech Corp. (OTC: TRTC) are currently forging paths in these increasingly popular areas, demonstrating the diverse nature of the marijuana industry.

Among other cannabis-centered ventures, SinglePoint, Inc. (OTC: SING) is developing a bitcoin payments solution for cannabis businesses and, through its recently acquired Discount Indoor Garden Supply (DIGS Hydro) subsidiary, also provides hydroponics products and other supplies and services.

An ongoing roadblock for legal marijuana enterprises has been a lack of banking options, which forces these businesses to conduct cash transactions. SinglePoint has identified bitcoin digital currency as an ideal solution to the numerous challenges of the “unbankable” marijuana industry (http://nnw.fm/8fk1B) and is creating a proprietary bitcoin payment solution that can be implemented in any point-of-sale machine through a simple download, enabling cannabis dispensaries and other marijuana businesses to conduct debit and credit card transactions independent of banks and the FDIC.

SinglePoint, Inc. (OTC: SING) also participates in another high-interest area of the marijuana industry through its acquisition and 90 percent ownership of DIGS Hydro. Through DIGS Hydro, SinglePoint is now able to offer soil and supplies, including hydroponics products, to legal cannabis growers. It also offers consulting services relating to indoor growing and hydroponics. This acquisition has positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in California, which is home to thousands of marijuana-related businesses.

As announced earlier this week (http://nnw.fm/X4PoS), DIGS Hydro has received a “major” purchase order from Premier Biomedical and has therefore generated an additional revenue stream for SinglePoint.

“This opportunity for both SinglePoint and DIGS Hydro is fantastic. We have been working very hard on making acquisitions and inside sales to boost revenues. To have this subsidiary execute on its business plan and generate major revenue for SinglePoint is exactly what we want to see. We are very excited about the second quarter financials and showing the significant revenue increase,” SinglePoint CEO Greg Lambrecht stated in the news release.

SinglePoint also describes its strategy to increase revenues through the remainder of the year, leveraging the strength of its acquisition-based growth strategy.

Such acquisitions are part of SinglePoint’s diversified approach to operating within the marijuana industry without ever touching the plant. Earlier this year, the company began funding Convectium, which is a provider of equipment, branding and packaging solutions to the marijuana industry and is the developer of the very first cartridge and vape pen oil-filling machines for wholesale distribution to cannabis dispensaries. Convectium’s 710Shark and 710Seal machines, currently sold through the EquipCanna.com website, are capable of filling and packaging over 100 cartridges or disposable vape pens in only 30 seconds. Additionally, Convectium operates a consumer brand that includes BlackoutX and HazeSticks products.

SinglePoint also operates www.SingleSeed.com, which is focused on the online sale of cannabis products to dispensaries and has become a hub for dispensaries seeking merchant payment processing solutions and other business tools. SinglePoint offers mobile marketing services as well as payment solutions for marijuana businesses through SingleSeed payments, including cashless ATM, Pay-by-Text™ and text message marketing.

Regarding its most recent endeavor, SinglePoint recognizes growing demand and application of digital currency on a global scale. The growth and potential of this segment is evidenced in the activities of companies like Bitcoin Investment Trust (GBTC), which is the first publicly quoted bitcoin investment vehicle.

Bitcoin Investment Trust is a U.S.-based, open-ended grantor trust sponsored by Grayscale Investments that is invested exclusively in bitcoin, and its shares are the first publicly quoted securities solely invested in and deriving value from the price of bitcoin. Bitcoin Investment Trust has enabled investors to gain exposure to bitcoin’s price movement through a traditional investment vehicle without the challenges of buying, storing and safekeeping bitcoins. Bitcoin Investment Trust was recently named to OTC Markets Group’s “OTCQX Best 50” for 2017. Bitcoin digital currency has already been named an official method of payment in Japan, and it is being accepted by more and more major retailers in the United States. The achievements of Bitcoin Investment Trust are furthering the acceptance of bitcoin’s presence as a valid payment method in the U.S.

Another key bitcoin player, First Bitcoin Capital (BITCF), has partnered with SinglePoint to leverage the growing demand for digital currency in the cannabis space. To advance this payment solution, SinglePoint recently raised $1 million in funding (http://nnw.fm/G8dn5), allocated in part to the development of a bitcoin payment solution for the marijuana industry. First Bitcoin Capital is the first publicly traded cryptocurrency and blockchain-centered company focused on developing digital currencies, proprietary blockchain technologies and the digital currency exchange www.CoinQX.com. The company’s suite of financial solutions for medical marijuana businesses includes merchant processing and point-of-sale solutions, such as automated check-cashing kiosks offered to medical marijuana dispensaries in California.

To understand the importance of hydroponics to the marijuana industry, look no further than leading lawn and garden care products manufacturer Scotts Miracle-Gro (SMG), which has been heavily investing in hydroponics via supplies to legal cannabis growers. Scotts has emerged as one of the biggest traditional business players to step foot in the cannabis industry, and, through its wholly-owned The Hawthorne Gardening Company subsidiary, has been busily acquiring various leading firms in hydroponics areas, including soil, lighting and nutrients. Other acquisitions are also reportedly in the hopper for Scotts and are expected to be completed by the end of 2017.

Vertically-integrated cannabis-focused agriculture company Terra Tech (TRTC) is employing hydroponics cultivation techniques as a direct provider of medical cannabis. The company operates several subsidiaries in medical marijuana and is focused on cultivating and providing the highest quality medical cannabis and revolutionizing cannabis cultivation through cutting-edge practices in a controlled, modern greenhouse environment. Terra Tech has an industry-exclusive moving table hydroponic growing system that boasts an increase of up to 30 percent in annual harvest yield. The company is positioned to operate medical cannabis cultivation facilities throughout the U.S., and Terra Tech’s growth strategy includes expanding its hydroponic cannabis cultivation efforts across the country. Terra Tech’s current growth plan specifically includes acquiring cannabis dispensaries in California, completing cannabis facilities in Nevada, and cultivating cannabis in its existing company-owned greenhouse in New Jersey once cannabis cultivation has been legalized in that state.

Whether an investor is looking for marijuana play through a hands-on-the-plant company or one offering ancillary services, more and more opportunities are cropping up all the time. Bitcoin and hydroponics are two of the hottest investment areas within the marijuana market right now, and the named companies offer prime opportunities for investing in both.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
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DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

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SinglePoint Expects Significant Revenues Increase as Cannabis Subsidiary Receives Initial Payment for New Major Purchase Order



SEATTLE, WA /  06/27/17 / SinglePoint, Inc. (OTC PINK: SING) announces that its recently acquired DIGS Hydro subsidiary has received a major purchase order from Premier Biomedical (OTCQB: BIEI). DIGS Hydro has received the initial payment with final payment due on delivery. Based on recent discussions between the parties, Premier Biomedical plans to continue to order its supplies from DIGS Hydro, a provider of a variety of supplies and services specifically to the cannabis industry.

"This opportunity for both SinglePoint and DIGS Hydro is fantastic. We have been working very hard on making acquisitions and inside sales to boost revenues. To have this subsidiary execute on its business plan and generate major revenue for SinglePoint is exactly what we want to see. We are very excited about the second quarter financials and showing the significant revenue increase," SinglePoint CEO Greg Lambrecht states.

Premier Biomedical offers a rounded suite of products, and with DIGS Hydro has found a reliable supplier of additional products. The synergies between Premier Biomedical, DIGS Hydro and SinglePoint enable each company to quickly and efficiently grow their operations.

William Hartman CEO and co-founder for Premier Biomedical states, "We are excited we found a supplier for the products we need. This significantly increases the company's initiatives and enables us to grow the revenue of the offerings we have. We look forward to working with DIGS Hydro and SinglePoint to continue building our relationship together."

DIGS Hydro, of which SinglePoint owns a 90% stake (http://nnw.fm/oh7ZW), has two brick-and-mortar retail stores and has plans to open a third. As evidenced by today's news, SinglePoint's acquisition-based revenue growth strategy is gaining traction. As a result, SinglePoint expects to report a significant increase in revenues in its second-quarter financial statements. The acquisition of DIGS Hyrdo has also enabled SinglePoint to make numerous contacts in the cannabis industry, most of which are potential acquisition targets or customers for one of the many offerings SinglePoint has developed.

SinglePoint is diligently working to develop viable solutions, and reports that potential clients are now starting to engage with the company. SinglePoint has acquired multiple companies in the cannabis space, and is pursuing additional acquisition opportunities in the wake of increased market attention and recognition. As part of its push to increase revenues in 2017 through acquisition and inside sales of the company services, management is negotiating multiple contracts and is onboarding new clients.

Further supporting these endeavors is SinglePoint's recent capital raise (http://nnw.fm/G8dn5) to fund additional projects such as Bitcoin Payments, currently in development (http://nnw.fm/7XlMo). This project has been green lighted and architecture for development has been completed. SinglePoint has engaged a recruiting firm to help find a block chain expert and is in negotiations with potential candidates. Additional announcements on timeline and delivery will be made soon.

About Premier Biomedical, Inc. Premier Biomedical, Inc. (OTCQB: BIEI) is a research-based publicly traded company that intends to discover and develop medical treatments for a wide range of diseases in humans. Premier has obtained, via exclusive license agreements, the technology behind three granted U.S. patents, multiple pending provisional patents, and a PCT Europe National Patent. Founded in 2010, Premier has partnered with the University of Texas at El Paso (UTEP). The company's R&D efforts are centered in El Paso, Texas; its business offices are in Western Pennsylvania.

For more information, visit: http://www.premierbiomedical.com

About SinglePoint, Inc. SinglePoint, Inc. (OTC: SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at:
http://wwww.facebook.com/SinglePointMobile
http://www.twitter.com/_SinglePoint_
http://wwww.linkedin.com/company/SinglePoint
http://wwww.youtube.com/user/SinglePointMobile

For more information visit http://wwww.SinglePoint.com or http://wwww.SingleSeed.com

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.

Contact: SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

Diverse Opportunities Aplenty for Investors Interested in the Marijuana Market


New York, NY – June 22, 2017 – NetworkNewsWire.com News Coverage:  Within the exploding legalized marijuana industry, new innovations and investment opportunities are cropping up all the time; no matter what sector you have interest in, there is likely an investment option to be explored. Among enterprising companies looking for innovative ways to profit within the blossoming marijuana market, SinglePoint, Inc. (OTC: SING), First Bitcoin Capital Corp. (OTC: BITCF), Kush Bottles, Inc. (OTC: KSHB), Medical Marijuana, Inc. (OTC: MJNA) and Solis Tek, Inc. (OTC: SLTK) offer diverse opportunities for savvy investors interested in a marijuana-related play.

The growth of the legal marijuana market has been bigger and faster than the growth of the dot-com industry in its heyday, experts say. In North America, cannabis sales grew by 30 percent in 2016, reaching $6.7 billion; marijuana sales in North America, including Canada, have been projected to surpass $20.2 billion by the year 2021, assuming a CAGR of 25 percent1. The rapid growth within this developing market is constantly creating new opportunities as laws change, new cannabis enterprises open up, and service needs emerge for those businesses. There are plenty of prime investment opportunities—both in companies that handle the marijuana plant and in companies that don’t.

One increasingly recognizable marijuana play is SinglePoint, Inc. (OTC: SING) which plays a role in a variety of sectors, including payments, technology, hydroponics and gardening, and more. Among its present endeavors, SinglePoint recently announced (http://nnw.fm/7XlMo) an initiative to develop a bitcoin payment solution for cannabis businesses, which due to federal restrictions and bank reluctance, are currently “unbankable” and must deal in cash only. SinglePoint has partnered with First Bitcoin Capital Corp. (BITCF) to create a proprietary bitcoin payment solution that can be easily implemented in any point-of-sale machine via a simple download, enabling marijuana users to purchase cannabis products using credit and debit cards independent of banks and the FDIC.

SinglePoint has also made various acquisitions as part of its efforts to take a diversified approach (http://nnw.fm/zD4qP) to the marijuana industry without touching the plant. The company’s portfolio includes a majority stake in Discount Indoor Garden Supply, an acquisition completed in May, which immediately positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in California.

Additionally, SinglePoint earlier this year invested in Convectium, a company that provides equipment, branding and packaging solutions to the cannabis industry and developed the first cartridge and vape pen oil-filling machines for wholesale distribution to marijuana dispensaries. The 710Shark and 710Seal machines can fill and package over 100 cartridges or disposable vape pens in just 30 seconds and are currently sold through the EquipCanna.com website. Convectium additionally operates a consumer brand that includes BlackoutX and HazeSticks products.

SinglePoint further operates the www.SingleSeed.com subsidiary, which is focused on the online sale of cannabis products to dispensaries and has become a leading resource for dispensaries that are seeking merchant payment processing solutions and other business tools. Through SingleSeed payments, SinglePoint offers payment solutions for cannabis businesses that include mobile marketing and payment solutions like cashless ATM, Pay-by-Text™ and text message marketing.

SinglePoint partner First Bitcoin Capital (OTC: BITCF) is also focused on payment solutions. As the first publicly traded cryptocurrency and block-chain-centered company, it is focused on developing digital currencies, proprietary block-chain technologies, and the digital currency exchange www.CoinQX.com. Among its payment solutions, First Bitcoin Capital offers automated check-cashing kiosks to medical marijuana dispensaries in California, charging competitive check-cashing fees. This check-cashing ATM service rounds out the company’s suite of financial offerings to the medical marijuana industry, which include merchant processing and point-of-sale solutions.

Initially focused on packaging solutions at its inception in 2010, California-based Kush Bottles (OTCQB: KSHB) has since expanded its product line. Kush Bottles’ products now range from custom packaging and labeling items to point-of-sale products like grinders, lighters, papers and glass pieces. The company also recently obtained a U.S. patent for a unique customizable mechanism for its top-selling child-resistant packaging, enabling 3D branded icons to now be attached to the container lids. Kush Bottles caters to thousands of cannabis dispensaries, retail shops, growers and consumers and is a leading packaging supply and services company exclusively serving the needs of the marijuana industry.

In the healthcare sector, Medical Marijuana (OTC: MJNA) stands out as the first company to make hemp cannabidiol (CBD) products available in the United States and around the world, taking the bold step of finding a legal means of providing these products in the U.S. without waiting for federal law changes. The company has done this by providing high-quality cannabis-derived products that feature non-psychoactive cannabinoids such as cannabidiol (CBD), which boasts various potential health applications without reliance on tetrahydrocannabinol (THC). MJNA has gone outside of the U.S. to grow low-THC cannabis varieties (hemp) and has crafted CBD hemp oil from carefully cultivated hemp plants, successfully imported it into the U.S. CBD hemp oil is non-psychoactive, 100 percent legal in the U.S., and contains a full array of phytocannabinoids. The company’s products, distributed through HempMeds and Kannaway, include pure CBD hemp oil, Kannaway Essential Oils, tinctures, sprays, capsules, vaporizers, bath and body products, and chewing gum. In addition to selling legal CBD hemp oil products in the U.S., MJNA has also been able to offer the very first legal marijuana products in Mexico and Brazil and has additionally expanded its Kannaway brand into the European marketplace.

Marijuana also finds its place in technology. Vertically integrated technology innovator Solis Tek (OTCQB: SLTK) is also taking a fresh approach within the cannabis industry, offering products and solutions to commercial cannabis growers within legal markets throughout the country. Solis Tek has become a leading provider of digital lighting equipment for hydroponic cannabis cultivation, offering digital lighting solutions that help increase yield, cut costs and improve crop growth. Solis Tek also recently announced the launch of its Nutrient Line, which employs natural ingredients to help growers increase yield, lower costs and grow healthier plants. The first product in this line, Terpenez, is an organically derived, commercial-grade essential oil intensifier designed to naturally increase the terpene profile of the cannabis plant and thereby enhance the plant’s inherent characteristics.

There are many ripe investment opportunities within the legalized marijuana industry, which increasingly gains ground in some of the most favored sectors. This fast-growing market has nowhere to go but up, and savvy investors would be wise to take a look at the playing field and discover the diverse opportunities of the cannabis boom.

Editorial Sources:
(1) https://www.forbes.com/sites/debraborchardt/2017/01/03/marijuana-sales-totaled-6-7-billion-in-2016/#50de58a975e3 

For more information on SinglePoint visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
New York, NY
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611
News Source: NetworkNewsWire
 

 

SinglePoint Completes $1 Million Funding to Continue its BitCoin Cannabis Payment Solutions Development


SEATTLE, WA /  06/20/17 / SinglePoint, Inc. (OTC PINK: SING), today announces that it has successfully closed a $1 million company friendly Convertible Promissory Note with an institutional investor. Proceeds from the investment will be used to execute on the company's previously announced BitCoin Payments solution, as part of its partnership with First BitCoin Capital (OTC: BITCF). With the new round of funding, SinglePoint management believes the company will be able to move very quickly to develop a crypto currency solution and continue acquisitions in cannabis space.

"This is great timing for SinglePoint. We have many acquisitions deals in the pipeline, and access to this capital will exponentially increase the chances of getting these done. In addition, we have many technical developments that are ready launch. We will be able to develop our solutions and really start driving sales," states Greg Lambrecht CEO of SinglePoint.

SinglePoint currently offers many integrated business solutions. The addition of BitCoin Payments to its portfolio will help solve the banking issue in the cannabis industry and other high-risk markets. Furthermore, SinglePoint has developed and is releasing a full-scale web development and online marketing solution for dispensaries. The company will use some of this funding to launch its own online marketing system to drive more customers to SingleSeed.com. In the acquisition space, SinglePoint has already acquired several companies in the cannabis vertical, and is currently in discussions with other targets for a potential roll-up.

For many years, SinglePoint has worked on finding solutions for the cannabis industry. With this new partnership and development, SinglePoint no longer needs to wait on federal banking guidelines to advance its plans to specifically address the payments challenges in the cannabis industry and other high-risk markets. The company also notes the value of bitcoin, which has increased 236% in the past year, according to CoinBase. This increase, along with Japan recognizing bitcoin as a legal currency, has led to wide spread adoption of the technology. As quoted in Bloomberg, "It's not foreign to [consumers] now, like some sort of weird scam that they [consumers] don't know about," he (Greg Lambrecht) said. "More and more establishments are accepting it, but it's kind of like the wild, wild west."

SinglePoint and First BitCoin Capital have planned four developments based on bitcoin, ethereum and the technology of block chain. SinglePoint recently acquired the rights and domain name of www.SingleCoin.com in a planned potential Initial Coin Offering (ICO) that would support transactions on the block chain specifically for cannabis and other high risk industries.

SinglePoint Deliverables:

BitCoin Currency Solution for Cannabis Banking Problems
Highly Innovative Block Chain Supply Chain Management Solution
Initial Coin Offerings (ICO) through First BitCoin Capital's Recent Launch
SingleSeed.com to Launch Full Scale Web Design and Online Marketing Services for Dispensaries
Revenue Growth through Additional Acquisitions
Extensive Network of Financial Partners and Technology Partners to Quickly Execute the Deliverables
About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at:
www.facebook.com/SinglePointMobile
http://www.twitter.com/_SinglePoint_
www.linkedin.com/company/SinglePoint
www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com or www.SingleSeed.com

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

Digital Currency Headed for Widespread Acceptance, Has Potential as Cure for Banking Concerns among Cannabis Companies


New York, NY – June 14, 2017 – NetworkNewsWire.com News Coverage:  The cannabis market in the U.S. and worldwide continues to grow, but that doesn’t mean everyone is open to the idea of legal marijuana. The banking industry is one example, as the Federal Deposit Insurance Corporation (FDIC) has generally been unsupportive of backing cannabis-related investments. Since marijuana hasn’t been legalized at the federal level, most banks are hesitant to have any part of the $6.7 billion marijuana industry. While many industry experts expect this stance to change amid growing support for a bankable marijuana industry, 70 percent of cannabis companies currently operate without access to a corporate bank account. Industry innovators are gearing up to fill this payments gap, however.

SinglePoint, Inc. (OTC: SING) recently announced an alternative payment solution in partnership with First BitCoin Capital Corp. (OTC: BITCF) to develop a bitcoin payment solution for the marijuana industry. Other major players on the rising bitcoin market include price-tracking Bitcoin Investment Trust (OTC: GBTC) and a growing number of retailers, including Overstock.com, Inc. (NASDAQ: OSTK) and mobile gaming company Zynga, Inc. (NASDAQ: ZNGA), that are currently accepting digital currencies.

A lack of bank support hasn’t deterred SinglePoint, Inc. (OTC: SING) from aggressively expanding its market reach to the 29 states that have legalized medical marijuana. Demonstrative of its insight into the opportunities afforded by mounting acceptance and legalization of marijuana, SinglePoint recently announced its partnership with First Bitcoin Capital (OTC: BITCF), a leading provider of bitcoin technology, to create a viable payments solution for unbanked cannabis businesses.

Using “blockchain technology”, the solution will target high-risk payment verticals and enable customers to use their credit or debit cards at a medical/recreational cannabis dispensary – a capability that will benefit customers as well as the swelling number of cannabis suppliers and dispensaries across the nation.

"We are optimistic that our partnership with SinglePoint will produce positive cash flow to our bottom line. Between the two of our companies, we will have the ability to develop a best in class solution and SinglePoint will be able to help in distribution. We look forward to providing cutting edge products and services to all states through the establishment of this new venture," Greg Rubin of First Bitcoin Capital stated in the press release ( http://nnw.fm/7XlMo  ).

This isn’t the first time SinglePoint has undertaken significant integration. The company has successfully completed technology integrations with Twilio, RedFynn and IATS, as well as ATT, T-Mobile, Sprint and Verizon, enabling SinglePoint to provide its text message marketing and text-based payment solutions. Leveraging this experience, along with First Bitcoin Capital’s expertise, the companies plan to develop payment technology that can be easily implemented into any point-of-sale machine through a simple download of the application.

SinglePoint, through its SingleSeed Payments subsidiary ( www.SingleSeed.com ), already has its roots as a payment solutions provider to the cannabis industry. SingleSeed Payments delivers tools and support specifically crafted to help cannabis businesses stay on top of key issues in the retail and recreational markets in order to build their customer base and develop effective strategies.

As SinglePoint continues to diversify its investment portfolio ( http://nnw.fm/Ds3d9 ) – which includes a stake in Convectium, the manufacturer and distributor of an innovative equipment and packaging solution in the cannabis industry, and Discount Indoor Garden Supply (“DIGS”) – the company is proving its foresight into the demand for new capabilities and technologies such as digital currency and is also set to benefit from anticipated investments in cannabis ( http://nnw.fm/i3WwI ).

The demand for bitcoin isn’t only on the retail side, however. It is also gaining ground in the investment community.

Recently named to OTC Markets Group’s “OTCQX Best 50” for 2017, Bitcoin Investment Trust (OTCQX: GBTC) enables investors to gain exposure to bitcoin’s price movement through a traditional investment vehicle, sidestepping the challenges of buying, storing and safekeeping bitcoins. Bitcoin Investment Trust’s shares are the first publicly quoted securities that are solely invested in and deriving value from the price of bitcoin. Bitcoin Investment Trust is sponsored by Grayscale, a digital currency group company, which is also a sponsor of the Ethereum Classic Investment Trust.

Digital currencies are on track to transform finance, and the potential application of this technology goes well beyond the cannabis industry and the borders of the United States. In Japan, for example, experts forecast bitcoin will soon be accepted in 260,000 stores. Though not on par with the pace overseas, more U.S.-based retailers are participating in the growing phenomena of “Internet money.”

Overstock.com (NASDAQ: OSTK), in 2014, became the first major U.S. retailer to accept bitcoin. A brief two years, later Overstock began to issue stock over the Internet, becoming the first publicly traded company to do so. According to a December 2016 article at Wired.com, Overstock distributed more than 126,000 shares via bitcoin blockchain. Controlled by a global network of computers, this blockchain (an online ledger) isn’t controlled by any government or single company, which adds to its allure. It tracks all financial exchanges. In addition to money, it can track stocks and bonds as well. Blockchain shares are driven through a broker and other middlemen to satisfy regulatory requirements, making them not much unlike a stock offering.

Zynga (NASDAQ: ZNGA) was also among the first to jump into digital currency. The mobile gaming provider, which was recently upgraded to an Overweight rating at Morgan Stanley, in January 2014 took note of rising popularity of bitcoin and, via Reddit, announced it would begin testing the currency as payment for in-game purchases. At the time, bitcoin was priced around $1,200. Today, one bitcoin is the equivalent to more than $2,715.

From consumer products at Overstock.com to high-risk verticals such as cannabis, digital currency continues to pick up momentum worldwide. With a nod to the need for payment solutions in the marijuana industry, SinglePoint is on track to become the preferred payment solution in the marijuana industry, which is predicted to grow to $24 billion by the year 2026, based on New Frontier projections.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING)  or www.SinglePoint.com

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com 
212.418.1217 Office
Editor@NetworkNewsWire.com 

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer 

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611
News Source: NetworkNewsWire

 

Bitcoin Currency Could Solve Banking Issues for Cannabis Industry


New York, NY – June 7, 2017 – NetworkNewsWire.com News Coverage:  Though some form of cannabis is now legal in 29 states and the District of Columbia, a lack of banking options for cannabis businesses in the United States continues to force marijuana merchants to rely solely on cash transactions. This inhibition has been a major obstacle for dispensaries and other cannabis-related businesses, but the use of bitcoin technology could be the key to overcoming the roadblock. SinglePoint, Inc. (OTC: SING) has announced an initiative to develop a bitcoin payment solution for the marijuana industry, providing a much-needed financial transaction option and allowing cannabis businesses to accept credit card payments without the cooperation of banks or the FDIC. The growing popularity and acceptance of bitcoin is evidenced by the activities of companies like BTCS, Inc., Bitcoin Investment Trust (OTC: GBTC), Zynga, Inc. (NASDAQ: ZNGA) and Square, Inc. (NYSE: SQ) and further validates the wisdom of exploring bitcoin payment options for the cannabis industry.

Bitcoin is a digital currency through which funds can be transferred independent of banks and unregulated by governments. On April 1, 2017, bitcoin became an official payment method in Japan, with hundreds of thousands of shops expected to accept bitcoin in that country throughout this year1. In the U.S., various major retailers are also accepting bitcoin, including Overstock.com, Inc. (OSTK), Microsoft and Subway2. Bitcoin has additionally provided annual returns of more than 286 percent, according to prices from CoinMarketCap.com.

As a financial transaction option for currently “unbankable” cannabis businesses in the U.S., bitcoin could be the perfect solution. New Frontier projections have shown the cannabis industry reaching $24 billion by the year 2026, and such significant growth demands adequate payment options to keep pace.

SinglePoint, Inc. (OTC: SING) has partnered with First Bitcoin Capital Corp. (OTC: BITCF) (Press: http://nnw.fm/d1ewJ ) to create a proprietary bitcoin payment solution for the cannabis industry. As part of its broader strategy (http://nnw.fm/1hoVP  to cement its position in the budding marijuana industry, SinglePoint has been actively providing corporate solutions to cannabis businesses through its SingleSeed subsidiary, offering mobile marketing and payment solutions such as cashless ATM, Pay-by-Text™ and text message marketing. The SingleSeed.com website has additionally become a popular resource for marijuana dispensaries that are seeking merchant payment processing solutions and other business tools.

The company has also made several acquisitions to take a diversified approach to the marijuana industry, without touching the actual plant. Its portfolio includes a majority stake in Discount Indoor Garden Supply (http://nnw.fm/yo2jF) and an investment in Convectium (http://nnw.fm/2GuZ5).

Now, SinglePoint believes it has found a way to apply bitcoin technology to provide customers with a seamless payment experience at cannabis dispensaries when using their credit or debit cards. The company’s end goal is to provide a bitcoin payment solution that can be easily implemented in any point-of-sale machine through a simple application download.

In collaboration with First Bitcoin Capital, SinglePoint will seek out and identify opportunities to apply its payment technology expertise to develop a proprietary solution for high-risk verticals like the cannabis industry.
"In January 2014 SinglePoint announced (http://nnw.fm/ATUj1) and started working on a bitcoin payment solution, shortly after we recognized the issue of minimal user adoption of digital currency. The payments industry has rapidly changed since that time. There is now tremendous momentum and demand for bitcoin acceptance as an alternative form of payment. This Joint Venture with First Bitcoin Capital is perfect timing. Bitcoin payments are catching on and cannabis dispensaries need a solution fast," SinglePoint CEO Greg Lambrecht stated in a press release (http://nnw.fm/d1ewJ) announcing the bitcoin initiatives.

SinglePoint has already been successful in completing technology integrations with companies like Twilio, RedFynn and IATS and with major carriers like ATT, T-Mobile, Verizon and Sprint. This has enabled SinglePoint to offer its text message marketing and text-based payment solutions, and the company said it now intends to utilize these successful integrations in developing its bitcoin payments technology—doing so either independently or with a well-qualified development partner.

While SinglePoint appears to be the frontrunner in applying digital currency solutions to the cannabis industry, other publicly traded companies have also recognized the game-changing opportunities offered by bitcoin technology. An early mover within the blockchain and digital currency ecosystems, BTCS, Inc. has been recognized as the first “pure play” public company in the U.S. to focus on blockchain technologies, which are the technologies that underpin bitcoin digital currency.

Bitcoin Investment Trust (OTCQX: GBTC) is another digital currency play. Recently named to OTC Markets Group’s “OTCQX Best 50” for 2017, Bitcoin Investment Trust is a U.S.-based, open-ended grantor trust sponsored by Grayscale Investments that is invested exclusively in bitcoin. Its shares are the first publicly quoted securities that are solely invested in and deriving value from the price of bitcoin. This enables investors to gain exposure to bitcoin’s price movement through a traditional investment vehicle, sidestepping the challenges of buying, storing and safekeeping bitcoins.

As previously noted, a swelling number of companies – ranging from technology, travel and bookstores to restaurants, individual retailers and gaming sites - have started accepting digital currency for payments. Names like Dish Network, Shopify, Mint.com, Whole Foods and Expedia might ring a bell.

Social games giant Zynga (NASDAQ: ZNGA), creator of popular evergreen franchises like FarmVille and Words with Friends, has also climbed aboard the bitcoin bandwagon, and it has been accepting bitcoins as a form of payment for in-game purchases since 2014.

Another is Square (NYSE: SQ), a major provider of business tools that enable sellers of all sizes to start, run and grow their businesses. Square also began pioneering bitcoin solutions back in 2014, announcing an intention to build a register that would allow companies to accept bitcoin and Apple Pay. You might recognize Square as the creator of the small white credit card reader used by many individual retailers, restaurants and other merchants.

As the use and acceptance of bitcoin becomes ever more widespread, with the demand for digital convenience and payment capabilities serving as a powerful catalyst, its potential as a financial transaction solution for the cannabis industry is quite promising. Until the cannabis industry becomes bankable in the U.S., an easy-to-deploy and simple-to-use means of accepting bitcoin payment could be the golden ticket for which marijuana dispensaries and other cannabis businesses have been waiting.

Editorial Sources:
(1) Bitcoin.com: http://nnw.fm/7EvhA 
(2) 99Bitcoins.com: http://nnw.fm/h2Qq8 

For more information on SinglePoint please visit: Singlepoint (SING) or www.SinglePoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
New York, NY
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611
News Source: NetworkNewsWire

 

SinglePoint and First Bitcoin Capital Partner Up In An Effort To Solve Payment Problems in the Cannabis Industry Through Bitcoin and blockchain alternative payment technology



SEATTLE, WA /  06/06/17 / SinglePoint, Inc. (OTC PINK: SING), an acquisition-based company with a focus on emerging markets, today announces its initiative to develop a bitcoin payments solution in partnership with First Bitcoin Capital Corp. (OTC: BITCF). The two companies signed a Joint Venture agreement to develop and distribute a viable payments solution using block chain technology. First Bitcoin Capital is an industry leading Bitcoin and blockchain technology provider and SinglePoint has a deep history in distribution. The two companies believe this partnership will enable each company to focus on their core strengths to build and supply the best Bitcoin solution available.

With the massive and widespread adoption of Bitcoin worldwide, the two companies will pursue opportunities to leverage their payment technology background and develop a proprietary solution specifically for high-risk payment verticals including the cannabis industry.

SinglePoints' representation at Mobile World Congress in Barcelona this year saw many solutions being utilized in other countries based on Bitcoin and other crypto currencies such as Ethereum. SinglePoint and First Bitcoin Capital believe they have found a way for the customer experience to go unchanged at the point of sale when paying with a credit or debit card at medical and recreational cannabis dispensaries.

Under this initiative, the companies will offer a best-in-class Bitcoin solution to fill the payments gap that currently exists.

As SinglePoint CEO Greg Lambrecht states, "In January 2014 SinglePoint announced and started working on a bitcoin payment solution, shortly after we recognized the issue of minimal user adoption of digital currency. The payments industry has rapidly changed since that time. There is now tremendous momentum and demand for bitcoin acceptance as an alternative form of payment. This Joint Venture with First Bitcoin Capital is perfect timing. Bitcoin payments are catching on and cannabis dispensaries need a solution fast."

SinglePoint has successfully completed technology integrations with companies such as Twilio, RedFynn, IATS, and all the major carriers ATT, T-Mobile, Sprint and Verizon. Which has enabled the company to provide its text message marketing and text based payment solutions. SinglePoint will now use its experience to work and integrate with First BitCoin Capital to provide an all-encompassing payment solution. First Bitcoin Capital and SinglePoint plan for this technology to be easily implemented into any Point of Sale machine through a simple download of the application.

Greg Rubin of First Bitcoin Capital stated, "We are optimistic that our partnership with SinglePoint will produce positive cash flow to our bottom line. Between the two of our companies, we will have the ability to develop a best in class solution and SinglePoint will be able to help in distribution. We look forward to providing cutting edge products and services to all states through the establishment of this new venture."

Projections by New Frontier put the cannabis industry at $24 billion by 2026. Cannabis is now legal in some form in 29 states and the District of Columbia. Increased need for payment options correlates with this industry growth, and bitcoin stands to be a promising solution. Based on prices from CoinMarketCap, bitcoin has provided annual returns of over 286%. As a testament, Japan recently recognized the currency as a legal payment method and projects that it will be accepted in 260,000 stores in the near future. Furthermore, bitcoin is an accepted form of payment for a number of large retailers, including Overstock.com.

As the cannabis industry continues to evolve, SinglePoint and First Bitcoin Capital are committed to initiatives to identify and develop solutions that enhance the success of the cannabis industry and participating businesses.

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: www.facebook.com/SinglePointMobile, http://www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com or www.SingleSeed.com

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

Evolution of Marijuana Industry Creates Wealth of Opportunity for Companies with Foresight and Action


New York, NY – May 24, 2017 – NetworkNewsWire.com News Coverage:  The marijuana industry continues to evolve at a breakneck pace in the United States, and an increasing number of businesses are finding their niche in this rampant market as it burns toward nationwide legalization. In the wake of this evolution, various new types of businesses are emerging to provide the consumer and commercial markets with products and services such as branding and packaging, smoke lounges, cultivation operations, grow equipment, pain management, payment solutions and numerous others. SinglePoint, Inc. (OTC: SING), Medical Marijuana, Inc. (OTC: MJNA), Kush Bottles, Inc. (OTC: KSHB), Scott’s Miracle-Gro Co. (NYSE: SMG) and Canopy Growth Corp. (OTC: TWMJF) represent a handful of innovators finding ways to cash-in on the plentiful opportunities within this budding market.

A quick browse through marijuana-related news provides just a glimpse of the progress being made in the mammoth industry. In Vermont, a landmark bill legalized marijuana for adults over 21, marking the first time a state legislature has ever originated and passed a marijuana legalization bill. Previously, adult-use legalization measures in the U.S. were passed by popular citizen vote. Massachusetts and Maine are also moving forward, with retail stores expected to open in both states in 2018. In Oregon, the City of Portland is backing cannabis businesses in lobbying for a bill that would permit marijuana consumption at licensed lounges, similar to tobacco smoking patios. These are only the latest in a wave of headline-making happenings related to marijuana legalization efforts throughout the country.

Companies like SinglePoint, Inc. (OTC: SING), are well-aware of these developments and are making headway in their respective niches. SinglePoint is building an acquisition portfolio of undervalued subsidiaries with a focus on innovative technologies. When it comes to opportunities in the marijuana industry, SinglePoint’s strategy is to provide various ancillary services and non-plant-based solutions to dispensaries, growers and consumers.

Due to federal restrictions, marijuana businesses lack access to banking options, but industry experts expect this to change. Anticipating the need for electronic payment options once the industry does become bankable ( http://nnw.fm/8oB02  ), SinglePoint has structured its cannabis brand subsidiary, www.SingleSeed.com , as a hub for the online sale of cannabis products to marijuana dispensaries. When the tide turns, SinglePoint will be a “first mover” in providing payment solutions to cannabis businesses through its SingleSeed Payments, which is geared up to provide payment solutions such as mobile marketing, cashless ATM, Pay-by-Text™ and text message marketing ( http://nnw.fm/W84Lt ). Ready at the gates, SingleSeed.com has become a standout resource for marijuana dispensaries seeking merchant payment processing solutions and other business tools.

Waiting on this opportunity doesn’t mean inaction, however. SinglePoint in early May announced ( http://nnw.fm/QjJ9m ) its plans to start onboarding “high risk” merchant accounts, a category of more than 100 types of businesses, including auctions, vape pen sales, gambling, online gaming and more, which typically offer higher margins than traditional accounts.

“We are providing multiple solutions to the cannabis space and we are trying to do the same in the payments space as well,” SinglePoint CEO Greg Lambrecht stated in the news release. “Being able to offer a payment solution to multiple different verticals gives the company a larger target market to tap into. We believe high risk is a huge opportunity and an underserved market at this point.”

SinglePoint’s core business strategy ( http://nnw.fm/obb8Z ) is one of diversification and the relentless pursuit of building corporate value. On point, the company earlier this year announced its investment in Convectium, a profitable provider of equipment, branding and packaging solutions to the marijuana industry. Convectium has developed the very first cartridge and vape pen oil filling machines created for wholesale distribution to cannabis dispensaries. The company’s 710Shark and 710Seal machines, currently sold through its EquipCanna.com brand, can fill and package more than 100 cartridges or disposable vape pens in 30 seconds, providing an attractive alternative to the traditional, time-consuming method of hand-filling cartridges. Also operating consumer brands HazeSticks and BlackoutX, Convectium has a market reach into more than 52 countries.

SinglePoint also recently signed a Letter of Intent ( http://nnw.fm/0iSI1 ) to acquire 90 percent of California-based Discount Indoor Garden Supply (“DIGS”), a provider of growing equipment and accessories for individual or commercial plant cultivators. In addition to its online store ( www.DIGSHydro.com ), DIGS operates two store-front locations with plans for a third in the near future.

This acquisition is expected to bring immediate revenues to SinglePoint as it deepens its reach in the State of California, which houses thousands of cannabis-related businesses. Through DIGS, SinglePoint will be able to offer soil and supplies similar to a household brand and recognizable player in the marijuana industry, Scotts Miracle-Gro (NYSE: SMG).

Well known for its lawn and garden care products, Scotts Miracle-Gro is also heavily investing in hydroponics - the method of growing plants without soil – a method primarily used in indoor and urban gardening. Hydroponics has also become the standard for growth in the marijuana industry. In May 2016, The Hawthorne Gardening Company, a wholly owned subsidiary of Scotts Miracle-Gro, spent $136.2 million on the acquisition of a 75 percent stake in greenhouse and hydroponic indoor lighting producer Gavita. In October 2016, The Hawthorne Gardening Company also acquired American Agritech, which is a hydroponic growing systems and plant supplements producer.

Industry peer Medical Marijuana (OTC: MJNA) is taking a unique approach to providing marijuana products without waiting for federal governmental approval to do so. The company has discovered a way to work within federal government cannabis restrictions to legally offer high-quality cannabis-derived products in the United States. The key to doing so pertains to non-psychoactive cannabinoids like cannabidiol (CBD), which has a wide variety of potential health applications but does not rely on tetrahydrocannabinol (THC), the psychoactive chemical compound in cannabis. MJNA’s approach is to grow low-THC varieties of cannabis (hemp) outside the United States, create CBD hemp oil, and import it to the United States. Taken from carefully cultivated hemp plants, CBD hemp oil is an extract that is completely legal, non-psychoactive, contains a full spectrum of phytocannabinoids, is high in CBD and has almost no THC, making it legal to sell in the U.S. MJNA’s products, provided through the HempMeds and Kannaway distribution divisions, include pure CBD hemp oil extracts, sprays, tinctures, capsules, vaporizers, bath and body products and chewing gum. Along with selling CBD hemp oil products to more than 200,000 individuals in the U.S., MJNA has also been able to offer the first legal marijuana products in Brazil and Mexico. Recently, the company’s Kannaway brand expanded into the European marketplace and is expected to be fully operational there by the fourth quarter of 2017.

Another company set to cash-in on the evolution in the marijuana industry is Kush Bottles (OTCQB: KSHB). Getting its footing in 2010 as a provider of cutting-edge packaging solutions for the marijuana industry, Kush Bottles has since expanded its product line, which now ranges from custom packaging and labeling items to point-of-sale products like grinders, papers, lighters and glass pieces. Kush Bottles serves thousands of cannabis dispensaries, retail shops, growers and consumers and has become a leading packaging supply and services company that exclusively addresses the needs of the marijuana industry. Recently, Kush Bottles added the web domain Roll-uh-Bowl.com to its list of acquisitions. Attracting an average of 39,500 web users monthly, Roll-Uh-Bowl.com is an online distribution platform for the retail sale of collapsible, unbreakable medical-grade silicone water pipes.

Canopy Growth (OTC: TWMJF) is also successfully navigating the marijuana market. A leading global diversified cannabis company, Canopy Growth operates various diverse brands and curated strain varieties that are supported by more than half a million square feet of indoor greenhouse production capacity and that are also partnered with some of the biggest names in the sector. The company’s core brands include Tweed, which has become one of the most recognized marijuana production brands in the world; Bedrocan medical-grade cannabis; and the Mettrum natural health brand.
Consumer demand, political support, and public opinion are powerful drivers behind the movement toward legalized marijuana, and present an increasing number of opportunities for companies to profit. The named companies are among standouts in this sector that are successfully navigating the growing cannabis market and implementing smart strategies to capitalize on its manifold opportunities.

For more information on SinglePoint please visit: SinglePoint, Inc. (OTC: SING), or www.SinglePoint.com

About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

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DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

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SEATTLE, WA /  05/17/17 / SinglePoint, Inc. (OTC PINK: SING), a holding company specialized in the acquisition of small to mid-sized companies with an emphasis on new technologies, today announces that it has signed an Letter of Intent ("LOI") with Discount Indoor Garden Supply ("DIGS"). According to the LOI, SinglePoint will acquire 90 percent of DIGS in a stock and cash transaction. The acquisition will bring immediate revenues to SinglePoint and positions the Company as a leader in online products, retail stores, cannabis consulting, and equipment in California, home to thousands of cannabis-related businesses and potential customers.

The agreement with DIGS is yet another demonstration of SinglePoint's ability to strategically grow its portfolio of investments in established, high-potential cannabis businesses.

SinglePoint CEO Greg Lambrecht states, "We are committed to identifying and making investments that will strengthen both parties' position in the cannabis industry while building SinglePoint's corporate value. California is a major market opportunity, and we will work to find the right companies, such as DIGS, in which we can invest to gain a stronger foothold in the broader marijuana industry."

DIGS's online store (www.DIGSHydro.com) offers a wide range of growing equipment and accessories for individual or commercial plant cultivators. SinglePoint believes there is a major opportunity within this market, as nearly every U.S. state that has legalized the use of medical marijuana also allows licensed patients the option to grow their own plants. Now, licensed consumers can order an all-in-one unit to grow plants in the privacy of their home. DIGS's products also include growing supplies, HVAC setup, grow rooms and accessories, hydroponic garden solutions, and more.

DIGS currently has two store front locations and has plans to open a third in the near future. Each store is strategically located in area where the majority of licensed growers are established. DIGS is working on a bid to build-out a 15,000-plant operation in Southern California, and both parties in the announced LOI look forward to exploring the potential for a new model of joint-venture retail stores.

DIGS founder Carey Haas has over 25 years of experience in the industry. As the owner of multiple retail businesses, including a dispensary, Haas has established industry knowledge and relationships that will help grow both companies' presence throughout California.

Haas states, "This is a perfect match for DIGS. Greg's distribution knowledge paired with my expertise and relationships in cannabis industry create a strong, synergistic opportunity to make this endeavor a major success."

The timing of the acquisition is also favorable for SinglePoint, as California recently received endorsement for recreational cannabis and is expected to fully legalize its use in January 2018. California is a large market and many people including State Attorney General Becerra believe there is no stopping it.

About SinglePoint, Inc. SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: www.facebook.com/SinglePointMobile, http://www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com or www.SingleSeed.com

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.

Contact:

SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

Marijuana Stocks Drive Corporate Value by Delivering Automation, Technology and Diverse Application


New York, NY – May 10, 2017 – NetworkNewsWire.com News Coverage:  The marijuana market is ripe with investment opportunities, and the leaders of the pack are those who demonstrate the vision and ability to increase corporate value. Be it through revolutionary technology, health applications, packaging and accessories, cultivation tools or other means, companies like SinglePoint, Inc. (OTC: SING), Kush Bottles, Inc. (OTC: KSHB), Insys Therapeutics, Inc. (NASDAQ: INSY), Solis Tek, Inc. (OTC: SLTK) and Medical Marijuana, Inc. (OTC: MJNA) are capturing their share of a burgeoning market and presenting investors with unique and exciting opportunities to climb aboard.

In North America, the cannabis market was valued at approximately $7.2 billion in 2016, and it shows no sign of slowing down. Not only is the market’s CAGR forecast between 17 and 25 percent within the next few years, but a recent report from New Frontier Data further estimates that by the year 2020, U.S. medical marijuana sales alone will increase to $13.3 billion, while adult recreational marijuana sales will grow to approximately $11.2 billion(1).

Because marijuana is still illegal on a federal level (29 states and the District of Columbia have passed initiatives or laws legalizing or regulating the substance), some investors see the market as a risky bet. The gargantuan size and potential of this market cannot be ignored, however, and numerous companies are hedging against risks of violating federal law by offering a hands-off approach that serves marijuana businesses without ever touching the plant.

One such example is SinglePoint, Inc. (OTC: SING) a provider of technology solutions to enable seamless business transactions that’s building an acquisition portfolio of undervalued subsidiaries with an emphasis in new technologies. When it comes to opportunities in the marijuana industry, SinglePoint is taking advantage of a couple avenues to maintain diversification and build corporate value.

SinglePoint’s cannabis vertical, SingleSeed has a competitive “head start” in providing mobile payment processing solutions, business tools and text message marketing to “unbankable” marijuana dispensaries whose operations are crimped because of the lack of banking in the industry. SinglePoint founder and CEO Greg Lambrecht further discusses this obstacle, the company’s revenue-generation strategy, and how SingleSeed.com could be a “pick-and-shovel” for the cannabis industry in a podcast interview here: http://nnw.fm/L9HdG

"The long-term vision is to build SingleSeed.com into a market-place for dispensaries to buy the products they need to do business. SingleSeed will also provide consulting services to cannabis businesses who need help gaining traction and success in their strategies,” Lambrecht explained in a recent shareholder update ( http://nnw.fm/edXE2 ).

Another component of SinglePoint’s strategy in the cannabis space also centers on technology via its investment in Convectium, a profitable provider of equipment, branding and packaging solutions for the cannabis industry. Convectium is the developer of the first cartridge and vape pen oil filling machines made for wholesale distribution to marijuana dispensaries. Convectium’s 710Shark and 710Seal machines are capable of filling and packaging more than 100 cartridges or disposable vape pens in just 30 seconds – an automation that represents a significant advancement over the traditional, time-consuming and messy method of filling cartridges by hand. Currently, these machines are sold to dispensaries through the EquipCanna.com brand, and Convectium further operates a consumer brand that includes BlackoutX and HazeSticks, reaching customers in over 52 countries.

Diversification is a considerable aspect of SinglePoint’s strategy to build corporate value. Earlier this week SinglePoint signed a reseller agreement that enables the company to start onboarding “high risk” merchant accounts. Over 100 business types are considered high risk, including auctions, vape pen sales, gambling, online gaming and more. This approach serves as a doorway for SinglePoint to offer payment solutions to cannabis businesses, which are also considered high risk, when the industry becomes bankable.

"We are providing multiple solutions to the cannabis space and we are trying to do the same in the payments space as well. Being able to offer a payment solution to multiple different verticals gives the company a larger target market to tap into. We believe high risk is a huge opportunity and an underserved market at this point," Lambrecht stated in the news release ( http://nnw.fm/3iacI )

In addition to the need for marketing and automation, growing interest in cannabis/marijuana products is also driving demand for packaging and accessories. This is where Kush Bottles (OTCQB: KSHB) steps in – also taking advantage of a hands-off approach. Kush Bottles started out in 2010 as a provider of innovative packaging solutions for the marijuana industry, and the company has since expanded its product line to range from custom packaging and labeling items to point-of-sale products like grinders, lighters, papers and glass pieces. Serving thousands of dispensaries, retail shops, growers and consumers, Kush Bottles has become a premier packaging supply and services company, catering exclusively to the needs of the cannabis industry.

Kush recently acquired Los Angeles-based CMP Wellness, LLC, a privately held distributor of vaporizers, cartridges and accessories. According to the press release, this move is expected to diversify Kush’s product range and deliver new distribution channels and cross-selling opportunities for existing product lines. Like SinglePoint’s Lambrecht, Kush CEO Nicholas Kovacevich also acknowledged the need for financial options in the cannabis industry.

"The rapid growth of the cannabis market, coupled with the lack of access to traditional financial services, creates a unique opportunity for Kush Bottles. As a market leader, we are in a strong position to leverage our first-mover advantage to grow market share and scale our business through market consolidation. We have the necessary infrastructure to immediately support a larger customer base and benefit from operational synergies while maintaining Kush Bottles' high production standards,” Kovacevich stated in the press release.

Another company serving the marijuana industry is Solis Tek (OTCQB: SLTK), a vertically integrated technology company that provides digital lighting equipment for hydroponic cannabis cultivation. The company’s digital lighting solutions are designed to help increase yield, lower costs and improve crop growth for cannabis growers. Solis Tek’s customers include retail stores, distributors and commercial growers both in and outside of the United States, and the business model is paying off. Solis Tek earlier this week reported record revenues for the quarter ended March 31, 2017, of $2.9 million compared to revenue of $2.5 million in the first quarter of 2016, representing a 12% year-over-year increase. The company attributes this growth to strength in the overall cannabis market, brand recognition and its ability to attract new clients. It also noted “a number of significant expansion projects from our existing customers.”

Another high demand aspect of the marijuana industry is medicinal purpose. Insys Therapeutics (NASDAQ: INSY), a specialty pharmaceutical company, is successfully navigating the medical marijuana market—in a manner of speaking. The company’s innovative drugs are synthetic cannabinoids. In developing these pharmaceutical cannabinoids, Insys aims to address the clinical shortcomings of existing commercial products and to improve quality of life for patients with unmet medical needs. The company’s SUBSYS drug has been approved for managing breakthrough pain in cancer patients 18 years and older who are already receiving and have become tolerant to opioid therapy. It is delivered via Insys’ proprietary sublingual spray technology and is the first and only breakthrough pain medication for cancer patients to be offered as a sublingual spray. In 2016, the FDA also approved Syndros, the company’s dronabinol oral solution, for anorexia-associated weight loss in AIDS patients and for nausea and vomiting in chemotherapy patients. The Drug Enforcement Agency recently placed Syndros in Schedule II of the Controlled Substances Act.

It is clear that many of the standout leaders within the marijuana market are capitalizing on its performance in unique and innovative ways while promoting corporate growth. These “hands-off” companies demonstrate the diverse opportunities for the savvy investor looking to profit on the explosive potential of the blooming marijuana market, but there is also opportunity for a direct encounter.
Medical Marijuana (OTC: MJNA) is an innovative company that does handle the cannabis plant, but in a unique way. MJNA has identified a means of working within federal government restrictions on cannabis to legally provide high-quality cannabis-derived products in the United States. The key is non-psychoactive cannabinoids like cannabidiol (CBD), which has a wealth of potential health applications without reliance on tetrahydrocannabinol (THC). By growing low-THC varieties of cannabis—aka hemp—outside of the U.S., MJNA was able to create CBD hemp oil and successfully import it into the U.S. CBD hemp oil is a fully legal extract from carefully cultivated hemp plants and is non-psychoactive, contains a full spectrum of phytocannabinoids, is high in CBD, and contains almost no THC, which is why it can be legally sold in the U.S.

The company’s products, offered through the distribution divisions HempMeds and Kannaway, include pure CBD hemp oil extracts, tinctures, sprays, capsules, vaporizers, bath and body products, and even chewing gum. In addition to selling CBD hemp oil products to more than 200,000 consumers in the U.S., MJNA has additionally been able to offer the very first legal cannabis products in Brazil and Mexico.

Sources:
(1) New Frontier Data: http://nnw.fm/2Gezn
 
For more information on Singlepoint please visit: SinglePoint, Inc. (OTC: SING), or www.SinglePoint.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company 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. 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.

NetworkNewsWire (NNW)
New York, NY
www.NetworkNewsWire.com 
212.418.1217 Office
Editor@NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer 

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611
News Source: NetworkNewsWire


SinglePoint Signs Reseller Agreement for High Risk Merchant Processing


SEATTLE, WA /  05/09/17 / SinglePoint, Inc. (OTC PINK: SING), has signed a new agreement enabling the company to start onboarding 'high risk' merchant accounts. SinglePoint has committed much time and resources to finding solutions for businesses that are considered 'high risk'. Under this new agreement the company can now start onboarding these businesses. Once a business is approved they will be able to sell their products and services just as any other business does. This is another big step in solidifying SinglePoint's position in the payments space. The next milestone will be working to integrate this solution into the company's Pay by Text solution.

Being able to process high risk accounts is a lucrative industry and company executives believe this is not only a viable solution but a profitable one as well. There are over 100 business types that are considered high risk including, auctions, vape pen sales, gambling, online gaming and more. The cannabis industry is projected to reach $24.5 billion by 2025. The company believes when the banks do open and start accepting cannabis businesses they will start out as a high-risk merchant.

Margins on the high-risk accounts are much larger than traditional accounts and SinglePoint team believes it can utilize its existing relationships to quickly onboard clients. The move helps position SinglePoint as a legitimate contender in the industry.

The company is working on other payment solutions that will be available for all businesses and is hopeful that development of the technology should be done in the coming months. SinglePoint CEO, Greg Lambrecht, states, "We are providing multiple solutions to the cannabis space and we are trying to do the same in the payments space as well. Being able to offer a payment solution to multiple different verticals gives the company a larger target market to tap into. We believe high risk is a huge opportunity and an underserved market at this point."

The solution offers approved merchants the ability to process payments instore, online, through Point of Sale systems and soon through text message by way of SinglePoint's Pay by Text technology.

About SinglePoint, Inc. SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com or www.SingleSeed.com

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.

Contact: SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

SinglePoint, Inc. Updates Shareholders on Initiatives to Strengthen Corporate Value


SEATTLE, WA /  05/03/17 / SinglePoint, Inc. (OTC PINK: SING), a holding company specialized in the acquisition of small to mid-sized companies with an emphasis on new technologies, today issues an update on current and future initiatives to maximize corporate value and increase shareholder communication.

SinglePoint recently enhanced its corporate website, www.SinglePoint.com, to provide investors a clear view of the company's endeavors and market value. SinglePoint.com is designed to increase shareholder value by driving more engagement for potential acquisitions and sales for the acquired companies. Investors can sign up for updates by visiting http://ir.singlepoint.com/email-alerts, and can access the latest research report on SinglePoint at LAdavisandassociates.com

Through online marketing and key partnerships, SinglePoint plans to execute its growth strategy to drive revenues through acquisitions and utilize inside sales efforts to maintain a low overhead.

Greg Lambrecht, SinglePoint CEO, states, "This is an exciting time for SinglePoint. We continue to increase value for our shareholders by focusing on acquisitions while strengthening inside sales and fund raising. We expect 2017 to be a great year for SinglePoint and look forward to providing additional updates on future acquisition targets, joint ventures, and new products."

SinglePoint also launched its cannabis brand subsidiary, www.SingleSeed.com, for the online sale of cannabis products to cannabis dispensaries. To increase its visibility, SingleSeed.com also provides a list of upcoming tradeshows it will attend and offers an interactive Cannabis Laws Map to serve as a hub of information on cannabis laws in each state. Leveraging key distribution agreements and a highly-integrated marketing plan, SingleSeed is expected to drive significant sales this year.

"The long-term vision is to build SingleSeed.com into a market-place for dispensaries to buy the products they need to do business," says Lambrecht. "SingleSeed will also provide consulting services to cannabis businesses who need help gaining traction and success in their strategies."

SinglePoint is currently in negotiations for more acquisition in the cannabis space, a market expected to reach $24.5 billion by the year 2025. The company recently funded Convectium, the developer of a unique oil filling machine and a leader in the cannabis market space. Convectium sells a line of products on its website, www.Convectium.com, and sells its industry leading machines at 710shark.com. The machine will soon be available on SingleSeed.com as well.

"We are pleased to provide these updates to our shareholders, and look forward to announcing progress on additional initiatives such as acquisitions, development of mobile applications, and additional payment processing options," says Lambrecht. "We have built a foundation of growth for 2017 and look forward to watching it take root."

Previously Greg Lambrecht, as the founder and largest shareholder, took PCI, a distribution company to the NASDAQ on a $10,000,000 IPO. His distribution experience is a major competitive advantage to place the company's products in stores throughout the nation.

About SinglePoint, Inc. SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: www.facebook.com/SinglePointMobile, http://www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com or www.SingleSeed.com

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.

Contact:

SinglePoint, Inc.
Greg Lambrecht
602.481.1544

Source: SinglePoint, Inc.

 

After Ten Thousand Years and Countless Uses, Cannabis Still Has a Bright Future



New York, NY – April 19, 2017 – NetworkNewsWire.com News Coverage:  When George Washington cultivated cannabis at his estate in Mt. Vernon, he was continuing a tradition that dates back 10,000 years. There are indications that cannabis sativa, grown as hemp, was farmed for its fiber content in Neolithic times. Since then, numerous uses have been discovered. As hemp, the plant has furnished a variety of commercial and industrial products. Hemp seeds are also edible, as they are high in protein and are a rich source of vitamins, minerals and dietary fiber. And with 483 distinct chemical compounds, 66 of which are cannabinoids, the uses to which cannabis can be put are still being discovered. The future looks bright to SinglePoint, Inc. (OTC: SING), GW Pharmaceuticals (NASDAQ: GWPH), American Cannabis Company (OTC: AMMJ), AeroGrow International, Inc. (OTC: AERO) and MassRoots, Inc. (OTC: MSRT), a roster of companies who are reading those cannabis leaves and betting on their potential.

SinglePoint, Inc. (OTC: SING) grew out of a text messaging and mobile payments business and has embarked on a strategy of acquiring small to mid-sized companies that offered mobile technologies. While initially focused on operating a mobile commerce and communications platform for vendors who wanted to accept mobile credit card payments, about two years ago SinglePoint began focusing on how to apply its mobile payments and merchant processing solutions to medical marijuana dispensaries.

Today, its POS terminals have the potential to allow patients and patrons of marijuana establishments to use their debit cards to make purchases. Now that seven of the eight marijuana initiatives on the November 8 ballot have succeeded, including those in California and Florida, the company is reviving its strategies to court marijuana dispensaries and recreational shops.

As it continues its acquisition strategy, SinglePoint is, however, playing it safe by only targeting businesses that do not ‘touch the plant.’ An example is the stake taken recently in the Jacksam Corp., doing business as Convectium, a profitable California-based provider of equipment, branding and packaging solutions for the cannabis industry.

Convectium has developed ‘the world’s first’ oil-filling system for cartridges and disposable vape pens for wholesale distribution to dispensaries. The company’s 710Shark and 710Seal system can fill and package 100+ cartridges or disposable vape pens in 30 seconds, making it the fastest filling and sealing system of its kind. With a market that extends to over 52 countries, Convectium expects 2017 revenues to continue to increase year over year.

Its treasure trove of close to 500 substances makes cannabis as close to being a panacea as ever existed. Each unique compound in the plant has, no doubt, some medicinal or other practical application. Pioneering outfit GW Pharmaceuticals (NASDAQ: GWPH) (LSE: GWP) has already exploited that possibility by bringing to market a product based on the two main cannabinoids: tetrahydrocannabinol (THC) and cannabidiol (CBD). Sativex, as it is known, is an oromucosal spray that has been approved by regulatory authorities in 29 countries to treat spasticity due to multiple sclerosis (MS), with astounding success. GW Pharmaceuticals is now exploring the use of other cannabinoids to treat a variety of serious unmet medical needs such as those related to autism and schizophrenia. Its present lead candidate is Epidiolex, which is currently being tested to treat certain rare and severe early-onset, drug-resistant epilepsy syndromes.

Like SinglePoint, The American Cannabis Company (OTCQB: AMMJ) employs a “hands off” approach by offering “end-to-end” solutions to existing and aspiring participants in the cannabis industry. AMMJ provides business planning and market assessment services and will assist with state licensing procurement, creation of business infrastructure and operational best practices. The company also has a line of branded products that include The Satchel, a child-resistant pouch, SoHum Living Soils, the Cultivation Cube and a High Density Cultivation System.

Meanwhile in Boulder, Colorado, AeroGrow International (OTCQB: AERO) is promoting its expertise in aeroponic garden systems to the cannabis crowd. The company has been marketing its indoor garden line under the Miracle-Gro AeroGarden brand since it entered into a strategic alliance with Scotts Miracle-Gro. Although not advertised as such, the AeroGarden system is widely used to grow cannabis at home. Sales are on track to almost double from $19.6 million in FY 2016 to $35 million in FY 2017.

And in the cybersphere, MassRoots (OTCQB: MSRT) has registered more than 1 million users on its platform that enables consumers to rate products and strains of cannabis based on their efficacy and then present that information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary.

From these developments, it looks like cannabis will be around for quite some time to come.

For more information on Singlepoint visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com 

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Marijuana Industry Growth Fueled by Investments and Public Support for Legalization



New York, NY – April 12, 2017 – NetworkNewsWire.com News Coverage:  The number of states in which the medical and recreational use of marijuana is legal continues to grow. Medical marijuana is now permitted in 28 states and Washington D.C. Last year, the North American legal marijuana industry grew to $6.7 billion, a 34 percent increase in just one year, according to Arcview Market Research. With the black market included, sales topped $56 billion. Public support is increasing as well – 57 percent of Americans supported the legalization of marijuana in 2016, up from 52 percent in 2014(1). With the market expanding and public support increasing, there are more opportunities to invest than ever before. SinglePoint, Inc. (OTC: SING), The Scotts Miracle-Gro Company (NYSE: SMG), General Cannabis Corp. (OTC: CANN), Terra Tech Corp. (OTC: TRTC) and Kush Bottles, Inc. (OTC: KSHB) are just a few companies with major investments in the growing legal marijuana industry.

Focused on the acquisition of small- to medium-sized technology companies, SinglePoint, Inc. (OTC: SING) has an acquisition portfolio with roots in the cannabis industry. Most recently, the company acquired a stake in Convectium, the developer of a unique oil filling and packaging system for cartridges and vape pens. The 710Shark oil filling machine and 710Seal system increase cartridge and vape device output by more than 100x. Eliminating hand filling, the system can fill 100 cartridges in less than 20 seconds, allowing for up to 300 cartridges or disposable pens to be filled every minute. A dual injection system is heated up to 125°C, making the machine capable of handling the thickest of oils. With a growing market presence and consumer demand, Convectium expects its revenue will increase 150 percent in 2017 compared to the year prior.

SinglePoint also owns and runs the www.SingleSeed.com web portal, a go-to resource for dispensaries looking to obtain state-of-the-art equipment. The website offers a variety of solutions that cannabis companies can use to grow their own businesses, as well as a thriving blog and online community forum.

The thriving cannabis industry is also benefitting The Scotts Miracle-Gro Company (NYSE: SMG). In its better-than-expected 1Q results announced in January, the company noted strength in consumer demand, which played out particularly well in its hydroponics business. U.S. consumer sales for the first quarter increased 11 percent to $126 million.

“Hawthorne had a solid quarter too, benefiting from both organic unit growth, as well as continued M&A activity. And as most of you know, the marketplace continues to expand for Hawthorne as more states change their laws to authorize cannabis growing. These and other tailwinds leave the brands we've acquired well-positioned for continued success. … since the birth of Hawthorne, we've become even more encouraged by the growth opportunities that exist in hydroponics. The acquisition in the past 24 months of three of the most important brands in hydroponic growing presents new opportunities for us and our shareholders,” company CEO Jim Hagedorn said in an earnings call(2) transcribed by Seeking Alpha. Based on growth in its core U.S. business and “continued momentum” from Hawthorne’s hydroponic portfolio, Scotts said it expects EPS for fiscal 2017 between $4.10 and $4.30 on sales growth of 6-7 percent.

General Cannabis (OTCQB: CANN) has reported a surge in business too. For Q4 2016, the company reported 69 percent year-over-year revenue growth and noted that legalized recreational use of marijuana provides the company “tremendous opportunity” for significant expansion in 2017. General Cannabis said (http://nnw.fm/l8xhZ) it is exploring acquisition opportunities in “all areas of regulated cannabis” and plans on launching a marketing and advertising agency focused on the marijuana industry. The company has financing, security, real estate, distribution and consulting divisions, in addition to a focus on the production and retail sides of the business.

Cannabis agriculture company Terra Tech (OTCQX: TRTC) has zeroed in on the medical markets, and it reported total revenue in 2016 of more than $25 million, up 154 percent over 2015. The company specializes in sales and marketing of hydroponic equipment, and it sells locally grown hydroponic produce, herbs and floral products through its Edible Garden subsidiary. This co-op of farmers across the U.S. is growing rapidly, and each farmer grows, packs and ships their hydroponic, non-GMO produce to supermarkets around the country. In addition, several other Terra Tech subsidiaries operate medical marijuana cultivation, production and dispensary facilities in Nevada.

Kush Bottles (OTCQB: KSHB) has also seen its packaging, supplies, and accessories business boom. The company plans to move its headquarters to Garden Grove, California, on July 1, 2017, to a warehouse that is quadruple the size of its previous building. Responding to a growing customer base, Kush Bottles plans to add new services, which will be supported by the expanded floor space that will be available. Serving mostly the business-to-business market, Kush Bottles currently has over 3,000 customers (including dispensaries, growers, and manufacturers) in the U.S. and Canada. Like many others investing in the marijuana industry, the company is not directly involved with cannabis plants or extracts sought by end users.

While many states permit the production, distribution, sale and use of marijuana and related products, cannabis is still illegal per federal law. Even state-legal marijuana businesses may be the subject of federal crack downs, and many fear the Drug Enforcement Administration may act against them at any time.

However, as the marijuana industry grows with mounting public support, companies like SinglePoint are seeing new investment opportunities and increasing revenue. The influencing factors are not only coming from the American public, but other countries as well. Canada, for example, is quickly moving toward nationwide legalization of recreational marijuana(3) – the success of which would make it the second country to do so after Uruguay. The move could influence the U.S. federal government’s position on cannabis. The legalization of medical and recreational marijuana is opening the door for new business and investment opportunities on many different fronts – for both businesses and investors.

Editorial Sources:
(1) General Social Survey: http://nnw.fm/fFV9M
(2) Seeking Alpha: http://nnw.fm/hO0XJ 
(3) Times: http://nnw.fm/Yo7RR 

For more information on Singlepoint please visit: SinglePoint, Inc. (OTC: SING) or www.SinglePoint.com 

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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 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. 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.

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Marijuana Market Offers Variety of Investment Options and Consistent, Long-Lasting Growth Potential



New York, NY – April 5, 2017 – NetworkNewsWire.com News Coverage:  With the North American cannabis market boasting an estimated worth of $7.2 billion in 2016, and new reports projecting CAGR of between 17 percent and 25 percent within the next few years, it's certainly an exciting time to invest in the marijuana market. Investment opportunities are abundant and diverse with companies like SinglePoint, Inc. (OTC: SING), Innovative Industrial Properties Inc. (NYSE: IIPR), Insys Therapeutics Inc. (NASDAQ: INSY), MassRoots Inc. (OTC: MSRT) and Axim Biotechnologies Inc. (OTC: AXIM).

The marijuana market is on fire for more reasons than one. First, there's the huge potential for financial growth. A recent report from New Frontier Data estimates that medical marijuana sales in the United States will increase to $13.3 billion in 2020, and adult recreational marijuana sales are projected to grow to $11.2 billion by the same year. Then, there is the potential for massive job-creation. The same New Frontier Data report estimates that over a quarter of a million jobs will be created within the legal marijuana market by 20201.

A report from leading cannabis market research publisher Arcview Market Research has compared the marijuana market's explosive growth to the cable television boom of the 1990s and the broadband Internet takeoff of the 2000s. Statements issued by Arcview predict the legalization of marijuana in a significant number of countries within the next decade-and-a-half, crediting the cannabis industry with the most consistent and long-term growth potential the world has ever seen2.

The possibilities and opportunities are virtually endless within the legalized marijuana market. The business plan of one innovative company, SinglePoint, Inc. (OTC: SING), doesn't involve actual contact with marijuana plants but rather focuses on providing services to the marijuana industry.

For instance, through its SingleSeed subsidiary, SinglePoint is positioned to offer payment solutions to the cannabis industry. Mobile marketing and payment solutions offered through SingleSeed include cashless ATM, Pay-by-Text™ and text message marketing. While medical marijuana often takes center stage in discussions pertaining to legalization, the power cord for any marijuana business is the ability to conduct financial transactions in what – for the time being – is largely an “unbankable” industry. SinglePoint CEO Greg Lambrecht in a recent Forbes article3 highlighted the possibility of change under the Trump Administration.

"The current administration has made it very clear they would like to empower the states and Trump has even stated his belief in how medical marijuana can help people. We believe the administration will stick to their word on empowering the states. In Phoenix we have many medical shops, none of which have relayed to us that they are being impacted yet by the administration. The biggest impact the current administration can have in favor of cannabis in the near term would be to give guidelines on how this business can be banked," stated Lambrecht.

Meanwhile, the SingleSeed.com website is a prime resource for marijuana dispensaries that are seeking merchant payment processing solutions and other business tools.

SinglePoint also recently acquired an interest in the California-based Convectium, a profitable provider of equipment, branding and packaging solutions for the cannabis industry. Convectium is the developer of the first-ever cartridge and vape pen oil filling machines created for wholesale distribution to marijuana dispensaries. The company's 710Shark and 710Seal machines are able to fill and package more than 100 cartridges or disposable vape pens in 30 seconds. These machines are sold to dispensaries through the EquipCanna.com brand. Convectium further operates a consumer brand that includes BlackoutX and HazeSticks and reaches customers in more than 52 countries.

This diversified, “hands-off” approach shields SinglePoint against any legal repercussions, should the federal government surprise with a clampdown on the marijuana industry.

“There’s no reason why they would ever come after us. We provide all of the products these dispensaries need to do business, but we don’t touch the plant,” Lambrecht told The Hill4.

Another company geared up to capitalized on the legalized marijuana boom, also without touching the plant, is Innovative Industrial Properties Inc. (NYSE: IIPR). IIPR specializes in acquiring freestanding properties that are used for cultivating licensed medical marijuana and that are operated by state-licensed growers. Once acquired, these properties are leased back to the growers under long-term, net lease agreements. This acquisition strategy acts as a source of capital to these growers. When they sell their real estate locations to IIPR and then lease them back from the company, the growers have an opportunity to redeploy those proceeds into their core operations, thereby yielding a higher return than they would get from owning their real estate.

Also tapping into the cannabis market in an outside-the-box way is MassRoots Inc. (OTCQB: MSRT). MassRoots is a leading technology platform for the marijuana industry. The registered users – currently numbered at over 1 million - can rate cannabis products and strains according to their effectiveness. MassRoots then offers this information in simple-to-use formats to help consumers make informed purchasing decisions at their local marijuana dispensaries.

Cashing in on the medical applications of legalized marijuana is Insys Therapeutics Inc. (NASDAQ: INSY). This specialty pharmaceutical company is focused on addressing the clinical inadequacies of existing commercial products through its proprietary sublingual spray technology and its pharmaceutical cannabinoids development capability. Insys is currently marketing two products. The first is Subsys, which is a sublingual Fentanyl spray for breakthrough cancer pain; the second is a generic version of Dronabinol (THC) capsules.

Axim Biotechnologies Inc. (OTCQB: AXIM) is also taking a medical approach in the cannabis market, focusing on researching, developing and producing cannabinoid-based pharmaceuticals and supplements. Axim owns the patent for using chewing gum as a cannabinoid delivery method and has developed two chewing gum-based products. The company's cannabidiol (CBD)-only Canchew gum is being marketed as a dietary supplement. AXIM will also soon commence phase 3 clinical trials for the combination CBD/THC gum MedChew RX, which is used to treat pain and spasticity associated with multiple sclerosis.

As the marijuana industry blazes forward, it's clear that opportunities and applications in the cannabis market are plentiful. Innovative companies like SinglePoint.com and others mentioned offer prime investment opportunities for those looking to capitalize in the rapidly growing marijuana field

Editorial Sources:
(1) Forbes: http://nnw.fm/N283c
(2) Business Insider: http://nnw.fm/yJan6
(3) Forbes: http://nnw.fm/AYj12
(4) The Hill: http://nnw.fm/R7A9h
For more information on Singlepoint visit: Singlepoint, Inc. (SING) or www.SinglePoint.com 

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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 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. 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.

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Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

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Marijuana Legalization Could Encourage Widespread Economic Benefits



New York, NY – March 29, 2017 – NetworkNewsWire.com News Coverage:  There are a number of advantages to society and the public safety in regulating marijuana, but economic arguments also favor its legalization. The benefits include increased tax revenues, job creation, and reduced law enforcement costs. However, to legalize and regulate marijuana requires an ecosystem of support services like those provided by SinglePoint, Inc. (OTC: SING), American Cannabis Company (OTC: AMMJ), Kush Bottles, Inc. (OTC: KSHB), mCig, Inc. (OTC: MCIG) and Terra Tech Corp. (OTC: TRTC).

As a job-creating engine, the industry will be a super powerful diesel. Reporting on recently released data from New Frontier Data, Forbes relates industry analyst projections that “by 2020 the legal cannabis market will create more than a quarter of a million jobs.” These projections are modest, based only on markets in the 29 jurisdictions that have legalized medical marijuana and the 10 others that have legalized recreational marijuana.

An industry with this potential requires strong, innovative spokes that support broader growth and opportunity. One such innovator is SinglePoint, Inc. (OTC: SING), which, through its SingleSeed Payments subsidiary, stands at the ready to make the New Frontier Data forecasts a reality by offering payment solutions to the cannabis industry. Its mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing, while the SingleSeed.com website is designed as a go-to for dispensaries in need of merchant payment processing solutions and other business tools.

“The cannabis industry is on the cusp of unprecedented liberties, and we are optimistic that as more states vote to legalize the drug, policymakers will have to take a second look at how banks will be involved in payment processing. When the industry becomes bankable, we will already be in on the action as a ‘first mover’ with mobile technology to revolutionize the cannabis merchant processing business,” SinglePoint CEO Greg Lambrecht stated in a press release.

Collaborating with its technology partners, SingleSeed is developing a marketing program specifically designed for cannabis accounts, enabling consumers to use their credit and debit cards to make mobile payments for cannabis purchases.

SingleSeed recently made a significant advancement in its broader strategy to strengthen its presence in the cannabis industry when it acquired a stake in Jacksam Corp., dba Convectium, the developer of a unique oil filling system for the cannabis industry. The investment in Convectium will help fund the company’s growth, as well as the marketing of its revolutionary 710Shark and 710Seal oil filling system. Convectium projects full-year 2017 sales of $3.5 million, which would represent a year-over-year increase of 150 percent, and it is already on pace to meet this goal, as first quarter sales significantly surpassed sales in the first quarter of last year.

Another key cannabis player is American Cannabis Company (OTCQB: AMMJ), which last week announced that it had secured its first client in the Canadian province of Alberta. AMMJ provides consulting services to cannabis businesses. The company will be working with this client to strategically plan business operations, as well as to develop a robust financial model that will serve as a foundation for license acquisition. AMMJ will also be involved in conceptual design work for cultivation and manufacturing facilities for the client.

Kush Bottles (OTCQB: KSHB) in early May added new distribution partners in Hawaii and Puerto Rico, two key medical cannabis markets. Both agreements include ‘reciprocity clauses’ that allow sales to patients with valid medical marijuana cards who are visiting from other states. Both Puerto Rico and Hawaii are frequent holiday destinations for U.S. mainland tourists. According to the Hawaii Department of Business, Economic Development and Tourism, Hawaii had approximately 9 million tourist visits in 2016. Kush provides packaging, supplies, accessories and branding solutions for the regulated cannabis industry.

In Nevada, mCig, Inc. (OTCQB: MCIG), through its lifestyle brands, services the legal cannabis, hemp and cannabidiol (CBD) markets. Originally a vaporizer manufacturer, the company has expanded to become a large-scale, full-service cannabis cultivation construction company and hemp-based CBD market supplier. mCig recently reported a 446 percent increase in third-quarter revenue to $1.3 million and recapped a busy quarter of achievements that include its first construction project and the expansion of its Grow Contractors brand into Oregon, where it is constructing a new facility.

Terra Tech (OTCQX: TRTC) is a vertically-integrated, cannabis-focused agriculture company that operates through several subsidiaries focused on individual niches of the cannabis industry. Its brands include IVXX, Inc., which produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California. The company’s Edible Garden subsidiary cultivates a premier brand of local and sustainably-grown hydroponic produce sold through major grocery stores such as ShopRite, Walmart, Winn-Dixie, Raley's, Meijer, Kroger, and others. Focused on the medicinal side, Terra Tech’s Blüm brand operates retail medical cannabis facilities focused on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blüm offers a broad selection of medical cannabis products, including flowers, concentrates and edibles, through its Oakland, California, and multiple Nevada locations. Terra Tech's MediFarm LLC subsidiaries focus on medical cannabis cultivation and permitting businesses throughout Nevada, while its GrowOp Technology subsidiary specializes in controlled environment agricultural technologies.

The marijuana industry is budding with opportunity in the fields of medicine, retail, edibles and numerous other applications. Visionary companies like SinglePoint and the others mentioned above recognize the value of their innovations and how a regulated industry would benefit their operations, shareholders and the broader economy.

Sources: http://nnw.fm/n7F3m

For more information on SinglePoint, Inc. (OTC: SING) please visit: SinglePoint, Inc. (OTC: SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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 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. 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.

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Mixed Marijuana Messages from Trump Administration Make Diversification Imperative



New York, NY – March 22, 2017 – NetworkNewsWire.com News Coverage:  Deciphering marijuana policy under the Trump Administration can be difficult, given differing statements by White House officials. Federal laws are at odds with a number of states that have legalized marijuana for medical and/or recreational use, and businesses like SinglePoint, Inc. (OTC: SING)  Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP), Medical Marijuana, Inc. (OTC: MJNA), Cannabis Science, Inc. (OTC: CBIS) and ChineseInvestors.com, Inc. (OTC: CIIX) (CIIX Profile) operate in a manner that hedges them against certain risks of federal prohibition.

On the campaign trail, then-candidate Donald Trump said of medical marijuana on Fox News: “I'm in favor of it a hundred percent.” With regard to the recreational use of marijuana, his stated preference was to leave it up to each state. At a briefing on February 23, however, Press Secretary Sean Spicer noted that President Trump sees “a big difference” between the use of marijuana for medical and recreational purposes, leaving many wondering about a federal crackdown.
Additionally, Attorney General Jeff Sessions on March 15, 2017, at a meeting of law enforcement personnel in Virginia, said: “I reject the idea that America will be a better place if marijuana is sold in every corner store. And I am astonished to hear people suggest that we can solve our heroin crisis by legalizing marijuana.”

The AG went on to say that marijuana was “only slightly less awful” than heroin, leaving cannabis companies that do touch the plant in limbo of what may come next. Particular defensive tactics vary, but most fall under a broad strategy of diversification and operations that involve servicing the broader industry by means of providing accessories, technological solutions, financial services and real estate, among others.

Case-in-point is SinglePoint, Inc. (OTC: SING), a company that specializes in the acquisition of small to mid-sized companies. Through its wholly owned SingleSeed.com subsidiary, which several years ago geared up to offer payment-processing services to marijuana dispensaries, SinglePoint continues to explore ways to provide financial services to marijuana establishments.

The provision of payment services is part of SinglePoint’s “no-touch” strategy, an approach best demonstrated by its acquisition of a portion of Jacksam Corp., dba Convectium, a profitable California-based provider of equipment, branding, and packaging solutions for the cannabis industry. Singlepoint recently announced it had closed the first round of funding for the acquisition (http://nnw.fm/oS8U5).

"We have evaluated numerous investment prospects in the cannabis space, and found there is nothing that compares to this opportunity we have with Convectium. With this transaction, we will acquire a stake in a cannabis business that never touches a marijuana plant. This is the strategy we will use as we move forward to hedge us against changing federal and state laws,” SinglePoint CEO Greg Lambrecht states in the press release.

Convectium has developed the world’s first oil-filling system for cartridges and disposable vape pens for wholesale distribution to dispensaries. The company’s 710Shark and 710Seal system can fill and package 100+ cartridges or disposable vape pens in 30 seconds, making it the fastest filling and sealing system of its kind. With a market that extends to over 52 countries, Convectium expects 2017 revenues to be about $3.5 million. This would represent an increase of 150 percent over 2016 revenues of $1.4 million.

The route taken by Corbus Pharmaceuticals Holdings (NASDAQ: CRBP) is also likely to escape any cannabis clamp-down since the company is developing a synthetic drug that will be screened as it goes through the Food and Drug Administration (FDA) regulatory process. Its lead candidate, Anabasum, is a pioneering, synthetic oral endocannabinoid-mimetic drug that resolves chronic inflammation and halts fibrotic processes, which is currently being evaluated in four phase II clinical trials. Endocannabinoid-mimetics are substances that stimulate the body’s natural production of cannabinoids. One of the most popular and widely used drugs for the treatment of pain and fever, called variously paracetamol or acetaminophen, is thought to work this way.

Also likely to be excluded from any crackdown on cannabis is Medical Marijuana (OTC: MJNA), which on its website states that its “operations in the federally legal hemp cannabidiol (CBD) market are unaffected by recent statements from Trump administration officials hinting at a crackdown on recreational marijuana. Medical Marijuana, Inc.’s hemp-based CBD products are unaffected by recreational laws or current political stances. The Company’s products are legal and if necessary will eventually be brought through the FDA approval process.” Medical Marijuana, it appears, focuses its operations to products derived from legal CBD hemp oil.

ChineseInvestors.com, Inc. (OTCQB: CIIX) (CIIX Profile) is also taking the high road with hemp. Late last month, the company announced it was launching the world's first CBD health products online store in the Chinese language under the domain name www.ChineseCBDoil.com. CIIX will use the site to sell CBD oil products to customers in Chinese mainland where hemp oil-derived products are legal and Chinese speakers in U.S. and Canada.

Another marijuana player is Cannabis Science (OTC: CBIS), which conducts research into cannabinoids to develop therapies for the treatment of multiple critical ailments from cancer and infections to age-related illnesses and neurobehavioral disorders. Over 60 cannabinoids are to be found in cannabis. Some, like CBDs, are legal; others, like tetrahydrocannabinols (THC), are subject to various legal restrictions. Nevertheless, a broad-based cannabinoid platform seems likely to offer opportunities to shift strategy as the new administrations continues to huff and puff about marijuana.

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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 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. 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.

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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.

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“No-Touch” Approach Reduces Risk as Public Companies Tap Explosive Growth of Cannabis Industry
 



New York, NY – March 15th, 2017 – NetworkNewsWire.com News Coverage:  The marijuana industry is the new investing frontier. As a result of last November’s elections, eight states and the District of Columbia now allow the recreational use of marijuana, while another 28 states permit its use for medicinal purposes. In what has been touted as the fastest-growing industry in the U.S., investment opportunities in the cannabis space appear boundless. Companies like Singlepoint, Inc. (OTC: SING), American Cannabis Company Inc. (OTC: AMMJ), General Cannabis Corp. (OTC: CANN), The Scotts Miracle-Gro Company (NYSE: SMG) and Terra Tech Corp. (OTC: TRTC) are all employing a “no-touch” approach to their cannabis business models. By creating business models that indirectly deal with marijuana plants, these companies reduce or eliminate the risk of falling foul of changing federal laws and restrictions.

According to ArcView Market Research, regulated marijuana sales in North America reached $6.9 billion in 2016, an increase of 30 percent compared to 2015. Sales are expected to continue their pace and reach $21.6 billion by the year 2021, representing CAGR of 26 percent. New Frontier Data projects growth in the medical cannabis market at 12 percent CAGR through 2025, growing from $4.7 billion in 2016 to an estimated $13.3 billion in 2025. During the same period, adult use sales will experience growth of 21 percent CAGR, rising from $1.9 billion to $10.9 billion.

Despite the easing of prohibition and the rosy prospects for the industry, cannabis remains a Schedule 1 substance under the Controlled Substances Act, a place it occupies alongside heroin, lysergic acid diethylamide (LSD), and ecstasy. The Drug Enforcement Administration (DEA) defines Schedule 1 drugs as those with a high potential for abuse and the potential to create severe psychological and/or physical dependence.

In light of the industry uncertainty under the Trump Administration – which has indicated that states with recreational marijuana will see “greater enforcement” of federal laws - marijuana businesses like Singlepoint, Inc. (OTC: SING), which pursues a no-touch strategy when it comes to dealing with marijuana plants, are in a stronger position to combat legal challenges. After all, selling a spade is not the same thing as digging for coal.

Singlepoint, Inc. (OTC: SING) through its SingleSeed Payments subsidiary, years ago set up a strategy to offer payment solutions to the cannabis industry. Its mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing. The plan is to develop a marketing program specifically designed for cannabis accounts, enabling consumers to use their credit and debit cards to make payments for cannabis purchases.
In another hands-off strategy, SinglePoint has acquired (http://nnw.fm/g8OO3) an interest in Jacksam Corp., dba Convectium, the profitable, California-based developer of the 710Shark and 710Seal system. This innovative oil filling system can fill and package more than 100 cartridges or disposable vape pens in 30 seconds, making it the fastest and only filling and sealing system in the industry.

Convectium also offers a line of B2C products, which SinglePoint plans to sell online through its SingleSeed.com subsidiary. Convectium expects to record full-year 2017 revenues of $3.5 million, an increase of 150% compared to revenue of $1.4 million for full-year 2016, and, in the first quarter of 2017, Convectium has already “significantly surpassed” its first-quarter sales in 2016.

In a press release, SinglePoint noted that its interest in Convectium is one of several acquisitions the company plans to make under its no-touch strategy. Singlepoint’s market cap is about $33 million, and it currently trades around $0.06 per share.

Another outfit mitigating risk by operating in the marijuana business-to-business (B2B) space is American Cannabis Company (OTCQB: AMMJ). Earlier this month, the company announced that it had secured a second client in Florida. The new client wants to create a cannabis-business chain and plans to open a cultivation operation and multiple dispensary locations. AMMJ currently trades at around $0.69 per share. The company has a market cap of about $35 million.

General Cannabis (OTCQB: CANN) provides real estate, consulting, security, and financing services, as well as distributes infrastructure products, to dispensaries and facilities that grow marijuana. The company may double its revenues in 2016. It is expecting to record over $3 million in sales, compared to 2015 revenues of $1.76 million. The company has a market cap of about $35 million. Its stock currently trades around $2.26 per share.

The hands-off approach is one that The Scotts Miracle-Gro Company (NYSE: SMG) has been employing for some time. In 2015, the company acquired a number of hydroponics companies as part of a strategy to participate in the cannabis market. A Forbes (http://nnw.fm/Cxzl8) story shows that the strategy is paying off. In just over a year after acquisition, its hydroponics business grew by 20 percent, roughly four times the rate of the rest of the company. The Scotts Miracle-Gro Company has a market cap of over $5.5 billion and currently trades between $90 and $100.

The operations of Terra Tech (OTCQX: TRTC) are also likely to escape the most unwelcome federal attention by focusing on medical marijuana. The company recently announced plans to set up a new cultivation facility in Oakland, California, which will produce about one metric ton of premium grade cannabis annually. The company has a market cap of about $156 million, and its stock currently trades at around $0.27.

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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 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. 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.
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Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

DISCLAIMER: NetworkNewsWire (NNW) is a source of content listed above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer or comparison to the profiled issuer. FN Media Group, LLC (FNM), is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker-dealer/analyst/adviser, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release. NNW’s compensation disclosure is incorporated herein and appears in full at http://NNW.fm/Disclaimer

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.

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SinglePoint, Inc. Acquires Stake in Convectium, Deepens Roots in Lucrative Cannabis Industry


Acquisition Serves as Benchmark for Future Investments in Profitable, Innovative Cannabis BusinessesSeattle, WA


SEATTLE, WA /  March 14, 2017 / SinglePoint, Inc. (OTC PINK: SING), a holding company specialized in the acquisition of small to mid-sized companies, announces that it has closed its first round of funding to acquire a portion of Jacksam Corp., dba Convectium, the developer of a unique oil filling system poised to revolutionize the cannabis market. Convectium projects full-year 2017 sales of $3.5 million, a triple-digit increase over the year prior. The acquisition represents the first of many strategic investments SinglePoint intends to make to diversify its revenue streams in the multi-billion dollar cannabis industry.

As previously announced, SinglePoint will invest a stock and cash consideration totaling $800,000 to help fund the growth of Convectium and the marketing of its revolutionary 710Shark and 710Seal system. Developed by Convectium, the system is capable of filling and packaging more than 100 cartridges or disposable vape pens in 30 seconds, making it the fastest and only filling and sealing system of its kind. Convectium also offers a line of B2C products, which SinglePoint will sell online through its SingleSeed.com subsidiary.

Driven by increasing product demand and brand visibility, Convectium projects full-year 2017 revenues of $3.5 million, an increase of 150% compared to revenue of $1.4 million for full-year 2016. The company is on track to achieve this goal, as sales for the first quarter of 2017 have already significantly surpassed first-quarter sales in 2016.

"We are excited to be a part of the SinglePoint team. With their funding we expect to reach and hopefully exceed our projected revenue goals," says Danny Davis, managing partner of Convectium.

The investment provides growth opportunities for both parties, and accelerates SinglePoint's strategy to profitably participate in the lucrative cannabis industry without direct contact with a marijuana plant.

"We have evaluated numerous investment prospects in the cannabis space, and found there is nothing that compares to this opportunity we have with Convectium," states SinglePoint CEO, Greg Lambrecht. "With this transaction, we will acquire a stake in a cannabis business that never touches a marijuana plant. This is the strategy we will use as we move forward to hedge us against changing federal and state laws."

About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry.

Connect on social media at: http://www.facebook.com/SinglePointMobile, http://www.twitter.com/_SinglePoint_, http://www.linkedin.com/company/SinglePoint and http://www.youtube.com/user/SinglePointMobile

For more information visit http://www.SinglePoint.com or http://www.SingleSeed.com

About Jacksam Corp. dba Convectium
Convectium was founded in October of 2013 and based in South Orange County, California. Convectium does not touch plants; its branding, packaging and equipment solutions help grow the companies that do. With the industry's first and only oil filling system, proprietary packaging systems and innovative devices, Convectium represents a commitment to the future of infrastructure in the cannabis industry.

To view the 710Shark at work, visit https://vimeo.com/169612830

For more information, visit http://www.Convectium.com, http://www.BlackoutX.com or http://www.710Shark.com

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602-481-1544

NetworkNewsWire (NNW)
New York, New York
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212-418-1217 Office
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SOURCE: SinglePoint, Inc.

 

 

Strong Technical Interface Making Cannabis Industry More Profitable and Efficient



New York, NY – March 8th, 2017 – NetworkNewsWire.com News Coverage:  Any fast-growing business needs an operational framework to help it develop and better serve its customers, and the marijuana industry is no different. As the legal cannabis market continues its impressive expansion, a growing number of companies are emerging to form a legal support framework of related technology and ancillary services that are driving the industry toward an efficient and profitable structure. Companies such as SinglePoint, Inc. (OTC: SING), MassRoots, Inc. (OTC: MSRT), mCig. Inc. (OTC: MCIG), Rocky Mountain High Brands, Inc. (OTC: RMHB) and Innovative Industrial Properties, Inc. (NYSE: IIPR) are branching out into different segments of the industry, determined to make the most of one of America’s fastest growing markets.

SinglePoint (SING) is an ancillary service provider that does not directly touch the cannabis plant. Based in Nevada, SinglePoint has been involved with the legal marijuana market for a while, and, as the market showed signs of exponential growth, the company has taken a more active role. As a direct result of last year’s election, which made marijuana legal in a greater number of states, SinglePoint reactivated its SingleSeed Payments subsidiary, with the goal of providing legal cannabis business operators with much-needed non-cash payment processing and mobile marketing tools.

SinglePoint (SING) is also interested in expanding its reach in the market, as confirmed by its recent Letter of Intent to acquire a stake in Convectium. The acquisition will give SING access to a unique, proprietary machine that has the potential to drive the industrialization of cannabis production nationwide. With an impressive capacity to fill more than 100 disposable cartridges or vape pens in as little as 30 seconds, the system can have a significant impact on the industry as a whole by making the cannabis production process easier, more efficient, and, ultimately, more profitable.

Operating one of the largest technology platforms for the legal cannabis industry, MassRoots (OTCQB: MSRT) has created a complex mobile network that allows medical cannabis users to make informed purchasing decisions based on product reviews, as well as connect with other users and the marijuana legalization movement. The network is available via free iOS and Android mobile apps, as well as the MassRoots website. With affiliations with leading market players such as the National Cannabis Industry Association and ArcView Group, MassRoots also operates a free portal that allows specialized dispensaries to access market analytics, gain insight into customer preferences, and more. The company is based in Denver, Colorado – one of the few states that allows both medical and recreational marijuana use.

While MassRoots is focused on the software side of the business, Nevada-based mCig (OTCQB: MCIG) is more involved with the actual cultivation process, via its Grow Contractors division. Originally a manufacturer and distributor of vaporizers, electronic cigarettes, and accessories, mCig has become a full-service cannabis cultivation construction company that provides state-of-the-art modular and commercial buildings to cannabis growers, allowing them to significantly expand operations and production. The company is also looking to expand its services and competencies to further support the ancillary legal hemp, cannabis and cannabidiol markets.

One of the most active players in the hemp market, Dallas, Texas-based Rocky Mountain High Brands (OTCQB: RMHB) is a great example of a company that’s actively involved in the manufacturing and distribution of its products. As a fully-reporting consumer goods company, Rocky Mountain High Brands specializes in the development, manufacture, distribution and commercialization of hemp- and cannabidiol-infused food and beverages. Its product line includes hemp-infused edibles such as energy and protein bars, but mostly naturally flavored hemp-based beverages such as black tea, lemonade and energy drinks.

Innovative Industrial Properties (NYSE: IIPR)’s approach to the cannabis industry is to acquire specialized industrial real estate assets used for growing medical-use cannabis. IIPR’s leases are long-term, triple-net arrangements in which tenants pay taxes, maintenance, insurance and structural repairs, in addition to base rent. In December 2016, IIPR closed on its first sale-leaseback transaction by acquiring from PharmaCann LLC a 127,000-square-foot medical-use cannabis cultivation and processing facility in New York. PharmaCann is now leasing the property from IIPR and, in a press release, said the arrangement frees up capital needed for expansion.

Despite legal concerns owing to the fact that marijuana is still considered an illegal substance by the U.S. federal government, even though it is allowed in 28 states, a strong technical interface is being built around the cannabis business. Ranging from software solutions and service providers that do not actually touch the cannabis plant, to actual machinery and manufacturing platforms such as Convectium’s innovative oil filling machine for disposable vape pens and cartridges, this interface is expanding as fast as the actual market it serves and pushing cannabis production – and cannabis businesses – to new heights.

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire

NetworkNewsWire (NNW) provides 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 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. 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.

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 “Greater Enforcement” of Federal Laws would have Mixed Impact in Cannabis Industry



New York, NY – March 1st, 2017 – NetworkNewsWire.com News Coverage:  The White House struck a chord with the marijuana industry last week when press secretary Sean Spicer said the Department of Justice is likely to enforce federal marijuana laws in states that have legalized recreational pot. While the prevailing mood is disappointment among the broader marijuana/cannabis industry, reactions and impacts are mixed among businesses like Singlepoint, Inc. (OTC: SING), Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTC: TRTC) and Marijuana Company of America Inc. (OTC: MCOA).

SinglePoint, Inc. (SING) is building an acquisition-based cannabis business focused on high-potential targets that service the cannabis industry rather than those that deal directly with the plants, and therefore won’t feel the crunch of greater federal enforcement. With this strategy, SinglePoint is the “pick and shovel” for cannabis businesses, providing them tools needed to run their daily operations while positioning itself as a hedge investment against companies that deal directly with the plants.

The company’s SingleSeed Payments (http://www.SingleSeed.com) subsidiary, for example, is poised to offer payment solutions to the cannabis industry. SingleSeed has worked with small companies to provide business solutions to cannabis dispensaries. This technology could be applicable for medical and recreational cannabis businesses.

In an interview with MoneyTV with Donald Baillargeon (http://nnw.fm/2FLhK), SinglePoint CEO Greg Lambrecht provided further insight into its acquisition strategy, noting that potential targets ideally have solid EBITDA and revenue. Case in point, SinglePoint recently signed a Letter of Intent to acquire a stake in California-based Convectium, which manufactures a unique and innovative oil filling machine able to fill cartridges and disposable vape pens for dispensaries or wholesale distribution. Convectium forecasts 2017 revenues of $3.5 million, an increase of 150% compared to revenue of $1.4 million for 2016. Lambrecht also said the company is discussing an acquisition opportunity with a company that is on the software side of the cannabis industry.

Following Spicer’s comments and in light of its current position in the industry, SinglePoint issued the following statement on Facebook:

“SING in perfect position to take advantage of the cannabis space without touching the plant. All of SinglePoint services available to cannabis businesses will not be impacted by any federal law that may inhibit recreational cannabis. SinglePoint is focused on providing business services these companies need including, marketing, payments, and products like Convectium.”

Meanwhile, Terra Tech Corp. (OTCQX: TRTC) CEO Derek Peterson focused on the economic impact of federal enforcement:

"Today's news coming out of the administration regarding the adult use of cannabis is, of course, disappointing. We have hoped and still hope that the federal government will respect states' rights in the same manner they have on several other issues. The economic impact, job creation and tax collection associated with both medical and recreational legalization have been tremendous throughout the country. We hope the new administration really takes the time to understand that the money is either going into the states' coffers or making its way to drug cartels. We also hope that the states make a point of defending their independence in regards to this and protect their constituent."

Terra Tech is committed to cultivating and providing high quality medical cannabis and other agricultural products. The company operates through two segments: Hydroponic Produce and Cannabis Products. In addition, through its subsidiary GrowOp Technology, it is engaged in the design, marketing and sale of hydroponic equipment. Another subsidiary, Edible Garden Corp., retails locally grown hydroponic produce, herbs, and floral products. The company also intends to operate medical marijuana cultivation, production and dispensary facilities in Nevada and sell cannabis flowers and cigarettes.

Also in the mix of companies with an “out-of-touch” approach to marijuana is Medical Marijuana, Inc. (OTC: MJNA), a family of companies specializing in hemp consumer products, cannabis-based pharmaceuticals and medications, and services supporting the greater cannabis industry. The company’s subsidiaries include HempMeds, which handle distribution in the United States, Brazil and Mexico; the bio-pharmaceutical KannaLife; a network marketing arm called Kannaway; Wellness Managed Services; and MPS International, a consulting firm.

Additionally, Marijuana Company of America Inc. (OTC: MCOA) is a marketing and distribution company that plans to deliver all the benefits of cannabis by providing a wide range of services for cannabis businesses and entrepreneurs. MCOA recently entered into a Letter of Intent for a joint venture with Bougainville Ventures, Inc. designed specifically for cultivation, processing and commercial availability of legal marijuana within the State of Washington.

Source: 1. http://nnw.fm/H67zm 

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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.

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DISCLAIMER: NetworkNewsWire (NNW) is source of content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. NNW & FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.

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The Tangential Opportunities of the Cannabis Industry



New York, NY – February 22, 2017 , 2017 – NetworkNewsWire.com News Coverage:  The cannabis industry is heating up. More than half of the 50 states in the U.S. have now legalized marijuana for medicinal or recreational use, and several countries, including Brazil, Canada, Jamaica, Mexico, Paraguay, Portugal, Uruguay and the Netherlands, have also taken steps to legalize or decriminalize cannabis in the last two years. As a result, the cannabis industry has become ripe with new business opportunities. Recent developments in the industry, both locally and globally, have opened doors to tangential industries for companies like SinglePoint, Inc. (OTC: SING), Medicine Man Tech, Inc. (OTC: MDCL), Reliq Health Technologies (OTC: RQHTF), General Cannabis Corp. (OTC: CANN) and Medical Marijuana, Inc. (MJNA).

The legal cannabis industry is arguably the fastest growing industry in the world. According to Cowen & Co., the industry could surpass $50 billion in revenue over the next 10 years thanks to the continuing legalization throughout the United States. With the passing of California's Proposition 64, it is anticipated that the domino effect of recreational legalization will play out and the size of the industry will roughly triple in the near-term.

Since cannabis is still illegal under federal law, many commercial banks are not serving the industry. Only a small percentage of financial institutions—primarily small state-chartered banks and credit unions—presently serve the industry. Supporters like SinglePoint, however, see a day in the future when large national banks will offer comprehensive services to the cannabis industry and further spur its booming growth.

A “bankable” marijuana industry creates a sub-industry that SinglePoint (SING) is targeting. SinglePoint, through its SingleSeed Payments subsidiary, will offer payment processing solutions and currently offers mobile marketing services and more. SinglePoint also has plans to acquire and invest in companies in a variety of sectors of the cannabis industry. For this company, the establishment of a true “bankable” marijuana industry would have widespread, lucrative implications.

In anticipation of a bankable marijuana industry, SingleSeed is building a list of interested clients which you can find and sign up for at www.SingleSeed.com

NetworkNewsWire Exclusive Audio Interview with SinglePoint, Inc. (SING)

Emerging companies like Denver-based Medicine Man Technologies (MDCL) also have a significant stake in the state of the legal cannabis industry. Since 2014, Medicine Man Tech has offered cultivation consulting services for cannabis-growing technologies and methodologies. Through its retail operations and sale of cannabis products, the company has also diversified its position in this sector. Medicine Man Tech ended 2016 with 23 new clients in eight states and, throughout its history, has assisted more than 45 clients across 14 states. It is now one of the largest and most diversified cannabis consulting firms in the U.S.

In health care technology, Reliq Health Technologies (RQHTF) make up another category of companies looking to capitalize on the legal recreational cannabis industry. Reliq Health focuses on the development and operation of innovative, secure software systems that allow users to track assets using mobile devices. It also develops hardware and software platforms that allow complex patients to receive care at home. The Canadian company may be new to the cannabis industry, but its focus area, initiatives (including four pilot programs) and strong management team are already setting it up to disrupt the multi-billion-dollar community care market.

Industry players like General Cannabis (CANN) focus on obtaining and providing basic business elements for the industry. CANN acquires and then leases out real estate and operational facilities, and it offers associated support services such as security and transport. This allows small businesses that have financial restrictions to get up and running quickly, concentrating on the things that are important to them instead of spending their money and time on land and buildings.

A more comprehensive approach to the cannabis industry is seen in the likes of Medical Marijuana (MJNA), a holding company that evaluates and purchases value-added cannabis industry companies and product rights. As a result, the company is involved in a wide range of cannabis products, at all levels, from basic research and development to final marketing and distribution. The company also provides a number of general support services to cannabis-based companies and operations.

Groundbreaking entities like the ones mentioned above are paving the way for other companies to participate in the cannabis super-growth cycle. As the cannabis industry continues to make legal strides, a host of long-term, high-growth opportunities will continue to emerge for companies looking for greener pastures.

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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.

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Please see full disclaimers on the NetworkNewsWire website: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is source of content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. NNW & FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.

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Marijuana Industry Acquisitions on the Rise as Companies to Diversify Portfolios, Increase Revenue Streams



New York, NY – February 15, 2017 , 2017 – NetworkNewsWire.com News Coverage:  The global marijuana industry continues to develop at an impressive pace, driven by new developments in the field of cannabis-based pharmaceutics as well as the legalization of both medicinal and recreational use in a growing number of states. As a result, M&A activity in the market is heading toward exponential growth as well. Acquisitions help public companies diversify their portfolios and revenue streams while providing private companies access to more financing. Public companies such as SinglePoint, Inc. (OTC: SING), Vinergy Resources Ltd. (OTC: VNNYF) and ChineseInvestors.com, Inc. (OTC: CIIX) have already initiated or completed such acquisitions, encouraged by the significant growth potential that cannabis-based product manufacturing businesses bring to the table. This impressive potential is perfectly exemplified by GW Pharmaceuticals plc (NASDAQ: GWPH), a biopharma company focused on developing cannabinoid prescription medicines.

With a reputation as the world’s largest company involved in the production and commercialization of cannabis-based therapeutics, GW Pharmaceuticals (NASDAQ: GWPH) has operations in Europe, Canada, the United States and Asia. Based on its proprietary cannabinoid product platform, GW Pharma has developed therapies for the treatment of various conditions, including multiple sclerosis-related spasticity and neuropathic pain. Its product pipeline is also targeting tuberculosis sclerosis complex, infantile spasms, adult epilepsy, schizophrenia and more. But GW Pharma is one of the few developers of cannabis-based products or therapies that are publicly traded, given the legal hurdles and the lingering public misconceptions facing the industry. This is why a large number of growers, dispensaries and product companies choose to operate privately or to be acquired by other public companies with interests in the industry. As a $3 billion company, GW Pharmaceuticals is a prime example of the massive potential cannabis offers the public market.

SinglePoint (SING), a leading provider of mobile technology and payment solutions, is one such public company, having already established a strong presence on the legal marijuana market via its SingleSeed Payments subsidiary. Although acquired a long time ago, SingleSeed was only recently reawakened to take advantage of the massive growth of the global marijuana industry. The subsidiary was relaunched with the specific goal of providing highly reliable non-cash payment processing and mobile marketing tools to legal cannabis businesses. Offering these businesses the tools they need to thrive, in the absence of clear federal regulations and access to secure financing services, has made SinglePoint one of the most important players in the ancillary marijuana services market.

NetworkNewsWire Exclusive Audio Interview with SinglePoint, Inc. (SING)

Driven by SingleSeed’s success, SinglePoint has plans to continue its acquisition strategy and recently announced its Letter of Intent to acquire an interest in Convectium, the manufacturer of an innovative and unique oil filling machine for disposable vape pens or cartridges. Convectium’s proprietary systems are unique in that they can fill and package more than 100 disposable pens or cartridges in as little as 30 seconds. The acquisition, likely to be completed before summer, is an important opportunity for SinglePoint’s growth strategy.

“One of the reasons to operate as a public company is to use your stock and your ability to raise money to acquire revenue. We’re doing exactly what we’re supposed to be doing; we are looking for private companies to buy and position them as part of the SinglePoint team. Our broader roll-up strategy is to roll up 10 companies, accelerate our growth, and create multiple revenue streams,” SinglePoint CEO Greg Lambrecht explains.

Canada’s Vinergy Resources (OTCQB: VNNYF) is also taking active steps toward growing its product portfolio to become a key player in the global cannabis industry. Late last year, the company announced plans to acquire MJ BioPharma, a cannabis technology company focused on the development of new extractions and formulations for medicinal and recreational use, both domestically and internationally. In addition to the MJ BioPharma acquisition, Vinergy has also initiated the acquisition of up to 51 percent of a large European plant with an extensive catalogue of more than 2,000 cannabis and hemp strains. The name of the European company has not yet been disclosed.

ChineseInvestors.com (OTCQB: CIIX), a U.S.-based information technology company focusing on providing real-time financial information in Chinese for the global Chinese population, has also expanded into the medical marijuana industry via subsidiary ChineseCBDoil.com. A new website, targeting a population of roughly 2 billion Chinese-speaking individuals, was launched at the end of January, and the company also has plans to retail hemp oil and related products both in China and across the United States.

Industry analysts forecast the cannabis sector will jump to nearly $11 billion in legal sales by the year 2019, and wide-scale legalization at a state-level has awakened incredible opportunity for public and private entities competing in the market to capture their share. Moving forward, it’s likely the burgeoning industry is positioning for a flurry of M&A activity and continued growth.

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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.

NetworkNewsWire (NNW)
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www.NetworkNewsWire.com

Please see full disclaimers on the NetworkNewsWire website: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is source of content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. NNW & FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.
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Israeli Innovation is at the Heart of a Growing Cannabis Ecosystem



New York, NY – February 8, 2017 , 2017 – NetworkNewsWire.com News Coverage:  In a move that will certainly have an effect on both domestic and foreign cannabis companies such as Singlepoint Inc. (OTC: SING) (SING Profile), Rocky Mountain High ( RMHB), mCig, Inc. (MCIG), General Cannabis Corp. (CANN) and Cannabics Pharmaceuticals, Inc. (CNBX), Israel is reportedly making strides toward allowing the export of medical marijuana, according to Reuters1.

The Israelis are widely regarded as leaders in medical marijuana research. However, the local market is small, estimated at $20 million, tops. Nevertheless, the meager market size appears to discourage neither innovation nor investment. As such, Israeli companies are involved in the value chain at all stages, from agriculture to consumer products. In Israel at least, the cannabis ecosystem is alive and well.

As the cannabis industry continues to evolve on a global scale, there is a noticeable increase in diversity, in terms of location and operations, among leading players.

SinglePoint may not be in Israel, but the company is certainly not out of the loop when it comes to technological advancements of the marijuana industry. The Arizona-based company recently announced the elimination of its debt ( http://nnw.fm/4ewGK  ), as well as its plans to uplist to the OTCQB Venture Marketplace and pursue acquisitions in the technology and cannabis industries.

Notably, the company already has its foot in the door. Through its SingleSeed Payments subsidiary, SinglePoint is structured to offer payment solutions to the cannabis industry, which is awaiting federal measures that could allow much-needed banking options ( http://nnw.fm/yeuT9 ). SingleSeed’s mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing for dispensaries and other cannabis businesses.

“Through SingleSeed, SinglePoint entered the cannabis industry years ago; since then we have had a front-row view of the incredible opportunities provided by widespread acceptance of cannabis, and the subsequent push for legalization on a variety of points. It’s interesting to see the movement cross international borders to feed a global market,” says SinglePoint CEO Greg Lambrecht.

Additionally, SinglePoint recently signed a LOI (Letter of Intent) ( http://nnw.fm/6YHU u ) to acquire an interest in Convectium, a profitable California-based provider of equipment, branding and packaging solutions for the cannabis industry.

Convectium has developed ‘the world’s first’ oil-filling system for cartridges and disposable vape pens for wholesale distribution to dispensaries. Within 30 seconds, the company’s 710Shark and 710Seal system can fill and package 100+ cartridges or disposable vape pens, making it the fastest filling and sealing system of its kind. With a market that extends to over 52 countries, Convectium expects 2017 revenues to be about $3.5 million. This would represent an increase of 150% over 2016 revenues of $1.4 million.

In Dallas, Texas, Rocky Mountain High specializes in developing, manufacturing, marketing and distributing high-quality, health conscious, hemp- and CBD-infused food and beverage products. The company recently announced that it will attend the three-day Seattle CannaCon Convention, the world’s largest cannabis business marketplace, taking place February 16-18.

Another U.S.-based cannabis enterprise is mCig, a diversified company servicing the legal cannabis, hemp and cannabidiol (CBD) markets. mCig has evolved from being a vaporizer manufacturer to providing cannabis cultivation construction services with its Scalable Solutions division. The company recently posted record third-quarter net sales of $1.3 million, an increase of 546 percent compared to the third quarter of 2015. Net income for the quarter was $898,000 (with $118,000 adjusted net income), marking the company’s highest single-quarter performance.

General Cannabis, located in Denver, Colorado, provides an integrated platform of services to the cannabis industry. Its subsidiaries include Iron Protection (security services), Next Big Crop (grower support), Chiefton (design and branding), The Greenhouse (GC capital) and General Cannabis Institute (investor intelligence).

Back on Israeli soil, Cannabics Pharmaceuticals is developing personalized anti-cancer treatments based on cannabinoids. The company most recently said its Cannabics 5mg THC capsule is being evaluated as a treatment for cachexia and anorexia, in a study taking place in Israel that is fully registered with the U.S. National Institutes of Health.

1. Reuters: http://nnw.fm/d7l3L 

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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.

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com

Please see full disclaimers on the NetworkNewsWire website: http://NNW.fm/Disclaimer 

DISCLAIMER: NetworkNewsWire (NNW) is source of content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. NNW & FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.


Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611

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SinglePoint, Inc. Eliminates Debt, Issues Update on Fund Raising Initiatives and Allocations



SEATTLE, WA /  February 7, 2017 / SinglePoint, Inc. (OTC PINK: SING), a full-service mobile technology and marketing provider, today announces that the Company is officially debt-free. In conjunction, SinglePoint has raised more than $300,000 and has signed a Letter of Intent to secure additional funding of $1 million.

The Company plans to use the capital to uplist to the OTCQB and become a fully reporting company this year, as well as to support its acquisition-based growth strategy. Pending due diligence, SinglePoint is optimistic that it will enter into a definitive agreement in the near future.

"We are pleased to announce our position as a debt-free company, which marks a significant milestone in our corporate history," states SinglePoint CEO Greg Lambrecht. "The elimination of debt is on par with our growth strategy for 2017, which also calls for additional funding to become a fully reporting OTC company, and to acquire high-potential opportunities in the cannabis and technology markets."

Today's update follows news of the Company's recent Letter of Intent (http://nnw.fm/6YH6u) to acquire a stake in Convectium, a profitable California-based company that created the world's first machine capable of filling cartridges or disposables en mass for wholesale distribution to cannabis dispensaries.

"Being debt-free provides us with the financial flexibility needed to execute our growth plan and take advantage of incredible acquisition opportunities - such as our recent transaction with Convectium - that will strengthen our brand and ultimately benefit our shareholders," says Lambrecht.

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.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com.

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.


Contact:
SinglePoint, Inc.
Greg Lambrecht
602-481-1544
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

SOURCE: SinglePoint, Inc.

 

Marijuana Industry Pushing Toward Federal Acceptance, Expanded Research in 2017



New York, NY – February 1, 2017 , 2017 – NetworkNewsWire.com News Coverage:  For the marijuana industry, 2016 was a successful year by any standards, reaching an estimated $7 billion in transactions and bringing the total number of states to legalize marijuana for medical and/or recreational purposes to 28. However, deemed America’s fastest growing industry in recent years, the market still has some major obstacles to overcome in 2017, such as gaining access to legal banking services, obtaining federal drug reclassification, and more. Removing marijuana from the federal list of Schedule I drugs would be a major step forward for the industry, with massive implications and benefits trickling through to reach cannabis-related product manufacturers and distributors and ancillary service providers such as Cannabis Sativa, Inc. (OTCQB: CBDS), Cannabis Science, Inc. (OTC: CBIS), Eco Science Solutions, Inc. (OTC: ESSI), Medical Marijuana, Inc. (MJNA), and SinglePoint, Inc. (OTC: SING)

According to Cannabiz Media research firm, the industry headed into 2017 with over 4,300 cultivators, more than 2,500 producers, 3,300 dispensaries and almost 4,000 retailers nationwide. The numbers are expected to grow significantly in light of the recent vote by eight more states to legalize medical or recreational marijuana use. Driven by this impressive growth, the industry will look to make a bigger impact this year, primarily by gaining federal acceptance. The industry is already lobbying in favor of removing marijuana from the list of Schedule I drugs, where it is currently listed alongside heroin, ecstasy and LSD. It may take as long as four to eight years to gain federal acceptance, experts say, but the tide is in favor of the industry and, ultimately, the administration will likely adhere to the wishes of the American majority.

There are concerns that under the Trump Administration, and especially with marijuana opponent U.S. Senator Jeff Sessions (R-AL) as attorney general, the industry will struggle more and might lose rights gained at a state level. President Donald Trump, who spoke in favor of the marijuana market during the campaign, has yet to make his official position known. In the meantime, a group of 10 prominent lawmakers are pressing for banking reform to allow cannabis and related businesses access to financial services. In an open letter, the lawmakers asked the Financial Crimes Enforcement Network to issue clear guidance on the matter in order to make it easier for the industry to access banking services.

As a leading provider of mobile technology and payment solutions serving various industries, including the marijuana market via subsidiary SingleSeed Payments, SinglePoint, Inc. (SING) would welcome updated guidance from the Financial Crimes Enforcement Network, as this could help the business attain its full potential serving a rapidly expanding, legitimate market.

Since SingleSeed’s “reawakening” after voters in eight states voted to legalize marijuana last November, SingleSeed’s main goal has been to help legitimize the industry by helping medical or retail cannabis providers grow their business securely and safely. For that purpose, the company is providing several state-of-the-art payment solutions and mobile marketing tools.

Representing the diverse nature of the cannabis industry, SinglePoint earlier this week signed a Letter of Intent to acquire an interest in Convectium, a profitable California-based company that has created the world’s first oil filling machine focused on the cannabis industry that is capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries. Convectium’s 710Shark and 710Seal system can fill and package up 100+ cartridges or disposable vape pens within 30 seconds. The company forecasts revenues for 2017 at $3.5 million, which would be a 150% increase over revenue of $1.4 million for 2016.

“To say we are excited about this opportunity is an understatement. Convectium’s 710Shark and 710Seal system is incredible, and its capabilities are unmatched. After looking at hundreds of cannabis companies, finding an acquisition opportunity like we have found in Convecitum adds a new dynamic to our endeavors and the cannabis industry as a whole,” SinglePoint CEO Greg Lambrecht stated in a news release on 1/31/17.

Banking reform would also have a positive impact on other providers of ancillary services, including e-commerce company Eco Science Solutions, Inc. (ESSI), which enables cannabis enthusiasts to locate and connect with other enthusiasts or with cannabis businesses, ultimately facilitating the purchasing of related products. Another company that would benefit is Medical Marijuana, Inc. (MJNA), one of the first manufacturers and providers of medical marijuana products and worldwide distributor of Cannabidiol (CBD). In addition to manufacturing cannabis-based pharmaceutical and consumer products, the company also offers infrastructure and support services for the entire industry.

Besides federal acceptance and banking reform, the industry is also trying to achieve expanded research opportunities. If marijuana is declassified as a Substance I drug, this will pave the way to continued research into the effects of the substance and cannabinoid makeup, which could ultimately help the industry not only show that marijuana isn’t as harmful as opponents claim, but also come up with better, more efficient formulations and products. Extended research opportunities would greatly benefit companies such as Cannabis Science, Inc. (CBIS) a company dedicated to developing innovative cannabinoid-based therapies for unmet medical needs, or Cannabis Sativa, Inc. (CBDS), a company that manufactures and commercializes a wide range of marijuana-based product under affiliated brand names, ranging from CBD-infused bottled water and CBD capsules to skin care products and more.

For more information on Singlepoint, Inc. (SING) please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire
NetworkNewsWire (NNW) provides 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.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com

Please see full disclaimers on the NetworkNewsWire website: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is source of content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. NNW & FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.
Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611
News Source: NetworkNewsWire

 

 

SinglePoint, Inc. Signs LOI to Invest $800K in Jacksam Corp., Creator of Revolutionary Cannabis Technology



SEATTLE, WA– January 31, 2017 – SinglePoint, Inc. (OTC PINK: SING) a full-service mobile technology and marketing provider, is entering an exciting niche of the cannabis industry through a Letter of Intent ("LOI") to acquire an interest in Jacksam Corp., dba Convectium, a profitable California-based provider of equipment, branding, and packaging solutions for the cannabis industry.

Convectium is the creator of the world's first oil filling machine focused on the cannabis industry that is capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries. The company's 710Shark and 710Seal system can fill and package up 100+ cartridges or disposable vape pens in 30 seconds, making it the fastest filling and sealing system of its kind.

Convectium operates a B2B equipment division in addition to its legacy B2C products. The proprietary equipment is solely distributed by EquipCanna.com, the Convectium B2B brand. Based on its market position and increasing demand for its products and services, Convectium forecasts revenues for 2017 at $3.5 million, an increase of 150% compared to revenue of $1.4 million for 2016.

Convectium ships its consumer brands to over 52 countries. The company's line of B2C brands include BlackoutX as well as HazeSticks, inspired by the Jimi Hendrix Cannabis Collection.

"To say we are excited about this opportunity is an understatement," states SinglePoint CEO, Greg Lambrecht. "Convectium's 710Shark and 710Seal system is incredible, and its capabilities are unmatched. After looking at hundreds of cannabis companies, finding an acquisition opportunity like we have found in Convecitum adds a new dynamic to our endeavors and the cannabis industry as a whole."

Per the LOI, SinglePoint will pay Jacksam a stock and cash consideration totaling $800,000. The transaction is expected to accelerate SinglePoint's existing presence in the cannabis industry - established by its SingleSeed subsidiary - while creating another avenue of participation in the "Green Rush" of the multi-billion dollar cannabis industry.

"We are excited to enter into an agreement with SinglePoint, one of the leading and most visionary publicly traded cannabis companies in the market. Paired with our proprietary technology and commitment to the future of the infrastructure of the cannabis industry, Convectium and SinglePoint are creating a unique business dynamic with incredible potential," says Danny Davis, managing partner at Convectium.

A definitive agreement on the announced transaction is expected no later than May 24, 2017, subject to certain terms and conditions, the completion of due-diligence and obtaining the required consents and regulatory approvals. Upon closing the transaction Convectium will become a subsidiary of Singlepoint.

About SinglePoint, Inc.

SinglePoint, Inc. is a full-service mobile technology and marketing provider. The company provides solutions that allow its clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices. SinglePoint 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, such as Daily Fantasy Sports, to create a diversified holding base.

Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

For more information visit www.SinglePoint.com.

About Jacksam Corp. dba Convectium

Convectium was founded in October of 2013 and based in South Orange County, California. Convecitum does not touch plants; its branding, packaging and equipment solutions help grow the companies that do. With the industry's first and only oil filling system, proprietary packaging systems and innovative devices, Convectium represents a commitment to the future of infrastructure in the cannabis industry.

See the 710Shark at work here: https://vimeo.com/169612830

For more information visit www.Convectium.com, www.BlackoutX.com or www.710Shark.com.

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.

Contact:

SinglePoint, Inc.
Greg Lambrecht
602-481-1544
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

SOURCE: SinglePoint, Inc.

 

Cannabis Industry Sees Cautionary Optimism amid Trump Administration Uncertainty



New York, NY – January 25, 2017 – NetworkNewsWire.com News Coverage:  The election of 2016 will forever mark a historic moment for the cannabis industry, reflecting growing acceptance – and legalization - of cannabis for medical and recreational use. The progression of this market, expected to grow to $50 billion in the next 10 years, has awakened a new era of business opportunities for companies like Singlepoint (OTC: SING), Eco Science Solutions, Inc. (OTC: ESSI), Medical Marijuana, Inc. (OTC: MJNA), OWC Pharmaceutical Research (OTC: OWCP) and MassRoots, Inc. (OTC: MSRT).

With specialties ranging from technology to health care, visionary companies are learning how to apply their expertise to meet the increasing and evolving demands for cannabis-based products and services.

A recent report ( http://nnw.fm/iI0ci  ) from the National Cannabis Industry Association (NCIA) calls the 2016 election “a watershed moment for the cannabis industry.” While the report highlights concerns about how the Trump Administration could affect players in the blooming cannabis industry, the cautionary article offers room for optimism.

Among other points, NCIA notes the potential for policy changes at the Department of Justice, which since 2013 has crafted its state marijuana programs around the “Cole Memo.” Written by James Cole, former U.S. deputy attorney general (2010-2015), the memo provides eight priorities concerning federal policy on the cannabis industry.

“Hypothetically, new leadership at the Justice Department could revoke the Cole Memo and return to an era of federal enforcement actions against state-compliant cannabis businesses. However, such an action would almost certainly provoke substantial backlash,” writes NCIA.

Meanwhile, a recent initiative by Senator Elizabeth Warren of the Senate Banking Committee demonstrates growing acceptance of the cannabis industry, and raises hopes that the Financial Crimes Enforcement Network (FinCEN) will soon provide updated guidelines for marijuana companies looking for access to banks and credit unions. Earlier guidance provided by FinCEN in 2014 addressed the concerns of businesses that dealt directly in marijuana, like pot shops and marijuana dispensaries. “Indirect businesses that service the marijuana industry” were left in regulatory limbo, not knowing what rules, if any, applied to them.

One “indirect business” of vital importance to the marijuana industry is handled by Singlepoint subsidiary, SingleSeed Payments, which will provide a number of transaction and payment processing services, such as cashless ATM, Pay-by-Text™ and text message marketing to the cannabis industry.

In a recent interview ( http://nnw.fm/lK1Y5 ) with MoneyTV, Singlepoint CEO Greg Lambrecht discussed the value banking services would provide to marijuana businesses, also highlighting his optimism for the industry.

“With Oregon, Washington and Colorado, the cannabis business was roughly somewhere around $5 billion. With Florida, Massachusetts and California, I’ve seen a lot of estimates of it growing to $50 billion, and some estimate saying $100 billion. We’re going to be the merchant processor on that money, so this is a very exciting time for Singlepoint.

Another business that will feel the ripple effects of industry change is MassRoots, Inc. (OTCQB: MSRT), one of the largest technology platforms for the regulated cannabis industry. The company's mobile apps enable consumers to provide community-driven reviews of cannabis strains and products, enabling consumers to make educated cannabis purchasing decisions.

The cannabis industry is also comprised of other “indirect players” such as Eco Science Solutions, Inc. (OTC Pink: ESSI), an eco-tech company with several smart-device apps and related supplements to natural medication use; and Medical Marijuana, Inc. (OTC Pink: MJNA), whose HempMeds Mexico® subsidiary recently received approval from Mexico's health authority, COFEPRIS, to import the company’s Real Scientific Hemp Oil-X™ to treat a patient for pain associated with cancer treatments and for general well-being.

Additionally, OWC Pharmaceutical Research (OTCQB: OWCP), through its Israel-based One World Cannabis Ltd. subsidiary, develops cannabinoid-based therapies targeting a variety of different medical conditions and disorders. One World was created to apply pharmaceutical research protocols and disciplines to the medical cannabis industry, and enables OWC Pharmaceutical to take advantage of Israel's position as the global center of medical cannabis research.
Ultimately, the forecast for cannabis business is bright, buoyed by public and congressional support that demands change.

“The 2016 election is a turning point for marijuana policy and the cannabis industry in the United States. Never before have so many Americans lined up to reject the failures of marijuana prohibition and support legal, regulated cannabis programs,” says NCIA.

For more information, please visit: Singlepoint, Inc. (SING)

About NetworkNewsWire

NetworkNewsWire (NNW) provides 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 about NetworkNewsWire, please visit www.NNW.fm 

Please see full disclaimers on the NetworkNewsWire website: http://NNW.fm/Disclaimer 

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

DISCLAIMER: NetworkNewsWire (NNW) is source of content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NetworkNewsWire (NNW) or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. NNW & FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.

Media Contact e-mail: FN Media Group, LLC - editor@financialnewsmedia.com (954)345-0611

News Source: NetworkNewsWire

 

Mounting Support for Marijuana Banking has Widespread Implications



New York, NY – January 18, 2017 – NetworkNewsWire.com News Coverage:  Although 28 states have already legalized marijuana for medicinal or recreational use, the U.S. Drug Enforcement Administration (DEA) continues to label marijuana a Schedule 1 substance, along with heroin and LSD, making it illegal on a federal level. As a result, the banking industry has been slow to provide services to marijuana businesses, forcing many of these companies to operate on a cash-only basis. A “bankable” marijuana industry, however, would have widespread implications, including for companies like Singlepoint, Inc. (OTC: SING), Terra Tech Corp. (OTCQX: TRTC), OWC Pharmaceutical Research Corp. (OTCQB: OWCP), ChineseInvestors.com, Inc. (OTCQB: CIIX) and financial institutions like Wells Fargo (NYSE: WFC)

Cash transaction businesses are a tempting target for thieves, and the lack of oversight at times leads to lost tax revenue. It’s a situation that Senator Elizabeth Warren, a member of the Senate Banking Committee, is anxious to change. As the Associated Press initially reported, Warren and nine other senators have called upon the Financial Crimes Enforcement Network to issue new and stronger guidance allowing banks to provide services to marijuana shop vendors. The moves are a significant encouragement to payment processors supporting the cannabis industry, as well as other industry players.

One of the supporters is Singlepoint, Inc. (OTC: SING), a mobile technology and payments provider, which, through its “SingleSeed” Payments subsidiary, provides payment solutions for the cannabis industry. Its mobile marketing and payment solutions include cashless ATM, Pay-by-Text™ and text message marketing. The company is strongly encouraged by the efforts of Senator Warren and others on Capitol Hill, and the significant positive changes they could bring.

Another company that stands to gain with this new market opportunity is ChineseInvestors.com, Inc. (CIIX) ChineseInvestors.com, a company that provides investor information to the global Chinese community, and also offers a unique link to this community for growing businesses. The company recently announced plans to launch the “world’s first Cannabidiol (CBD) health products online store in the Chinese language,” through an agreement with a “well-known” CBD health brand.

Other cannabis-related companies in line to benefit from mounting support of a bankable marijuana industry include Terra Tech Corp. (TRTC). Through its subsidiaries, Terra Tech provides a range of hydroponic equipment for indoor cultivation of cannabis products. In addition, the company sells hydroponic cannabis produce and associated products. Another is OWC Pharmaceutical Research Corp. (OWCP), an Israeli company that develops cannabis products for the treatment of diseases, also offering consulting services in the industry.

Previous guidance efforts by the U.S. Department of the Treasury gave banks only limited permission to work with legal marijuana businesses. Along with the DEA’s Schedule 1 listing, it has created a significant gap between state and federal treatment of marijuana. Even though the number of financial institutions willing to provide services to marijuana businesses has grown significantly in recent years, only a small percentage currently serve the industry. It’s still an area dominated by small state-chartered banks and credit unions.

Supporters however see an inevitable day, through efforts such as those now being led by Senator Warren, when large national banks like Wells Fargo (NYSE: WFC) offer comprehensive services to the cannabis industry, further spurring already rapid industry growth.

For more information, please visit: Singlepoint, Inc. (SING)

For more information about NetworkNewsWire, please visit https://www.NetworkNewsWire.com 

Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer 

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

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Senate Banking Committee Could Pave the Way to a Bankable Marijuana Industry


New York, NY – January 11, 2017 – NetworkNewsWire.com News Coverage: Last month, a letter signed by 10 U.S. senators arrived on the desk of Jamal El-Hindi, the acting director of the Financial Crimes Enforcement Network (FINCEN), requesting guidance on how banking services might be offered to “indirect businesses” – such as SinglePoint, Inc. (OTC: SING), Medical Marijuana, Inc. (OTC: MJNA) and Cannabis Science, Inc. (OTC: CBIS) - that serve the state-sanctioned marijuana industry. The implications of such guidance also carry considerable potential for banking players ranging from small financial institutions to bellwether banks like Bank of America (NYSE: BAC) and Citigroup (NYSE: C).

The letter came at the prompting of U.S. Senator Elizabeth Warren, D-Mass, a member of the Senate Banking Committee that oversees federal monetary policy, banking regulation and issues affecting the U.S. currency. It’s a widely applauded push, and SinglePoint, Inc. for one, is banking on this initiative to clear the way for payment processing providers, such as its SingleSeed Payments subsidiary, to offer an array of payment and transaction services to marijuana shops and dispensaries.

According to a recent report in the Houston Chronicle (http://nnw.fm/qq6NB), this action is part of a wider effort by many policymakers to regularize the patchwork legal nature of the $7 billion marijuana industry, marked by a lack of banking options that forces marijuana businesses “to rely solely on cash, making them tempting targets for criminals.”

Although 28 states and the District of Columbia have now legalized either adult recreational or medical use of marijuana, the Drug Enforcement Administration (DEA) still classifies it as a Schedule I substance “with no currently accepted medical use and a high potential for abuse.” Yet, there is growing evidence in the medical profession and the general population that marijuana has beneficent therapeutic properties.

Companies like Cannabis Science, Inc. (OTC: CBIS) have set out to develop novel cannabinoid-based therapies for unmet medical needs, while others like Medical Marijuana, Inc. (OTC: MJNA) – the first publicly traded cannabis company – focuses on a variety of cannabinoid-based applications for consumer and medical markets.

In a collection of 60 peer-reviewed studies on medical marijuana (http://nnw.fm/75PYw) examining the employment of marijuana in the treatment of a long list of ailments - including amyotrophic lateral sclerosis (ALS), cancer and HIV/AIDS - 41 (68.3%) demonstrated positive results. Another 14 (23.3%) were inconclusive, and five (8.3%) of the trials reported negative outcomes.

Senator Warren has argued that loosening the restrictions that force marijuana business to transact in cash payments has a number of advantages.

"You make sure that people are really paying their taxes. You know that the money is not being diverted to some kind of criminal enterprise. And it's just a plain old safety issue. You don't want people walking in with guns and masks and saying, 'Give me all your cash.'"

There is some hope that the barriers preventing payment services providers like SingleSeed from doing business with marijuana establishments will be removed. FINCEN previously lent a sympathetic ear to similar pleas. In February 2014, the bureau offered guidance on how financial institutions could provide services to marijuana-related businesses consistent with their Bank Secrecy Act obligations.

That earlier guidance appears to have been tailored to businesses that dealt directly in marijuana like pot shops and marijuana dispensaries. It did not address the plight of the indirect businesses that service the marijuana industry, leaving it up to individual financial institutions to determine how to classify and treat indirect businesses.

Tossing the buck to financial institutions has had paltry success: “the number of banks and credit unions willing to handle pot money rose from 51 in 2014 to 301 in 2016,” a figure that appears encouraging until placed in a wider context. There are 11,954 federally regulated banks and credit unions. In general, it’s still an area dominated by small state-chartered banks and credit unions. Supporters of a bankable marijuana industry, however, see an inevitable day when large banks like Bank of America and Citigroup will offer full banking services to the cannabis industry.

When that day comes, financial technology (fintech) companies will have the chance to capitalize on a monstrous opportunity. SinglePoint’s SingleSeed Payments subsidiary, for example, is already primed to offer ATM, Pay-by-TextTM and text message marketing to the cannabis industry. As it stands, progressive fintechs are in a similar quandary to their federally regulated counterparts and look forward to further guidance from FINCEN.

For more information, visit Singlepoint, Inc. (SING)

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Source:  NetworkNewsWire.com

 

 

SinglePoint Subsidiary: Opportunities High Amid Congressional Call for Cannabis Banking Reform



SEATTLE, WA– January 4, 2017 – SinglePoint, Inc. (OTC PINK: SING) today voices its support for a congressional push that validates the mission of its SingleSeed (www.singleseed.com) subsidiary to provide much-needed payment processing solutions to the burgeoning legal cannabis industry.

Though a total of 28 states have legalized marijuana in some form of consumption/use, marijuana is still federally illegal, which hinders licensed marijuana businesses from opening an account with most national banks. Cannabis businesses must instead deal in cash, which puts them at risk of break-ins, theft and other threats, as well as creates space for tax fraud. However, for smaller banks, credit unions and companies like SingleSeed, the lack of banking solutions creates the opportunity to fill increasing demand.

A group of 10 senators recently penned a letter (http://nnw.fm/0Kbvs) to the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN) encouraging guidance and changes that could ultimately open the door for banking services for legal cannabis businesses.

Among other key points, the letter explains that banking products and services to the cannabis industry will hedge businesses against unnecessary risks while benefiting the federal government.

"The fledgling legal market for marijuana is around $7 billion, a figure that's dwarfed by the overall billion US market, most of which remains illegal. This business environment is an invitation to tax fraud, robberies, money laundering, and organized crime … With tens of millions of Americans soon gaining legal access to marijuana under state laws, new guidance is necessary in order to allow banks to enhance the availability of financial services for indirect businesses that service the marijuana industry. This will not only bolster the safety of our communities, but it will also help to spur economic growth across the country," the three-page letter reads.

As one of the first merchant service providers in the marijuana industry, SingleSeed applauds the senators' efforts and will offer marketing solutions and credit card processing to help cannabis dispensaries safely and successfully grow their businesses.

"We are witnessing exciting, groundbreaking advances in the marijuana industry, and are encouraged to see congressional-level support for banking measures that would further revolutionize the way cannabis companies do business," says SinglePoint CEO Greg Lambrecht. "The regulatory environment is rapidly changing and SingleSeed is gearing up to provide dispensaries with payment processing solutions specifically tailored to their needs."

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, such as Daily Fantasy Sports, to create a diversified holding base.

For more information visit www.SinglePoint.com.

Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile.

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602-481-1544
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.net

SOURCE: SinglePoint, Inc.

 

SinglePoint Subsidiary Advances Initiatives ahead of Open Banking System in Cannabis Industry


SingleSeed Subsidiary Preps for Open Banking System Amid "Green Rush" of Legalized Marijuana
 

SEATTLE, WA– December 6, 2016 – SinglePoint, Inc. (OTC PINK: SING) is pleased to issue an update on a number of corporate initiatives taken by its SingleSeed (www.singleseed.com) subsidiary now that more than half of all U.S. states have legalized marijuana use for either recreational and/or medicinal purposes.

Dubbed the "green rush," the evolution of the cannabis industry is expected to rapidly generate billions in tax revenue for these states, and SingleSeed sees this progression as a catalyst to an open banking system for cannabis businesses. As a provider of credit card processing solutions for this particular market, SingleSeed is preparing to meet demand and fuel its own growth and market penetration.

Leveraging its existing presence in the cannabis industry, SingleSeed is actively pursuing and discussing acquisition opportunities in the cannabis market, as well as complementary verticals such as daily fantasy sports (DFS) and non-profit organizations. SinglePoint is now in the process of negotiating with a major Wall Street investment group to fund such acquisitions.

The legislative changes in the marijuana market also mean that industry merchants are navigating uncharted territory, and many of them still struggle to open bank accounts. This is expected to change, however, as financial institutions pursue ways to work with cannabis businesses moving forward.

In full support of the anticipated shift toward an open banking system, SingleSeed is activating and updating its website (www.SingleSeed.com) to enable text message marketing program and enable pre sign-ups for credit card processing for dispensaries.

"With the 2016 elections behind us, the favorable outcome for the cannabis industry has opened a floodgate of opportunity for cannabis merchants, consumers, and companies providing much-needed industry services, such as those offered by SingleSeed," says SinglePoint CEO Greg Lambrecht. "Additionally, we are already receiving significant demand from dispensaries asking for our payment solutions. We are excited that our fast-paced progression is well-aligned with market demand as we pursue and act on opportunities to capitalize on this billowing market."


About SinglePoint,
Inc.

SinglePoint, Inc. is a full-service mobile technology and marketing provider that serves a diverse clientele. 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, such as Daily Fantasy Sports, to create a diversified holding base. For more information visit www.SinglePoint.com. Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint, and www.youtube.com/user/SinglePointMobile

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.

Contact:
SinglePoint, Inc.
Greg Lambrecht
602-481-1544
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.net

SOURCE: SinglePoint, Inc.

 

SinglePoint Subsidiary Primed as Payment Processor for "Bankable" Cannabis Industry


Voters make history with legalization of marijuana, expanding market for SingleSeed's cannabis merchant payment processing services
 

SEATTLE, WA– November 14, 2016 – Tuesday night's election was monumental for cannabis industry, as four states legalized recreational use of marijuana and another three approved the drug for medical purposes SinglePoint, Inc. (OTC PINK: SING) today applauds the legislation, which further expands the opportunity for the company's SingleSeed (www.singleseed.com) subsidiary to provide credit card processing solutions for the cannabis industry, which now is expected to generate billions of dollars of retail sales moving forward.

California, Maine, Massachusetts and Nevada voted for the legalized recreational use of marijuana, while Arkansas, Florida and North Dakota approved medical cannabis initiatives. Montana extended its previous legalization of medical marijuana (2004), voting for a measure to set up commercial cultivation operations and dispensaries.

The most action came out of the West Coast, where more than 56% of voters in California passed an initiative to legalize adult-use cannabis, reflecting the growing support for legalization nationwide. As the market continues to grow, industry experts forecast that the legal cannabis market will grow to $50 billion legal cannabis market within the next decade.

With this historical victory in the books, SingleSeed sees broader implications for the cannabis industry, including an open banking system. The company has already established working relationships with dispensaries in Colorado and Washington State, and will continue to leverage its long-standing technology partnerships to be a "first mover" in what SinglePoint CEO Greg Lambrecht calls a "bankable" industry.

"We couldn't be more pleased with Tuesday night's election and what this means for the many players in the cannabis industry. For far too long, dispensaries and other marijuana businesses have struggled to maintain a secure and convenient financial position due to legislation that prohibits them from having bank accounts. On Tuesday night, seven states loudly voiced their support for legalization. The issue is now too big to ignore, and we expect that Washington will have to hammer out details to create a 'bankable environment' for institutions ready to take part in history," he says. "When that time comes, SingleSeed will already be ahead of the game with its cannabis merchant payment processing services and technologies."

SingleSeed and its partners are developing a marketing program that meets specific needs for cannabis merchants, providing consumers the security and convenience of using their credit and debit cards to make mobile payments for cannabis purchases.


About SinglePoint,
Inc.

SinglePoint, Inc. is a full-service mobile technology and marketing provider that serves a diverse clientele. 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, such as Daily Fantasy Sports, to create a diversified holding base. For more information visit www.SinglePoint.com. Connect on social media at: www.facebook.com/SinglePointMobile, www.twitter.com/_SinglePoint_, www.linkedin.com/company/SinglePoint and www.youtube.com/user/SinglePointMobile

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.

Contact:

SinglePoint, Inc.
Greg Lambrecht
602-481-1544
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.net

SOURCE: SinglePoint, Inc.

 

-------------------------------------------------------------------
About Singlepoint, Inc.:


Corporate Profile
SinglePoint (ticker symbol: SING) is a publicly-traded holding company. Founded in 2006 as Lifestyle Wireless, Inc. SinglePoint is incorporated in Nevada. SinglePoint specializes in acquisitions of small to mid-sized companies, with an emphasis on mobile technologies. We provide our investors the opportunity to make investments across a wide range of assets.

Visit our OTC Markets page for data about Real-Time Bid & Ask, Previous Close, Daily Range, Volume, Open, 52wk Range, Dividend, Average 30-day Volume, and Net Dividend Yield details.

About
Small to mid-sized company acquisitions.

SinglePoint has grown from a full-service mobile technology provider to a publicly-traded holding company.

Through diversification into horizontal markets, SinglePoint builds its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base.

At SinglePoint, we research opportunities where we can be active within the company and influence strategy and direction. Target companies are undervalued, cash-flow positive, with high potential and verified assets. SinglePoint acquires and takes controlling interest of successful candidate companies.

Our success is built on the trust our customers put in us and our commitment to their success.

Executive Team
Greg Lambrecht – CEO, Founder, President

As CEO and founder of SinglePoint Inc., Greg leads the company in its mission. He oversees all company operations including investor relations, the leadership of the Board of Directors, and daily business activities. Greg has a successful track record of founding and leading start-up companies. As the founder of PCI, a leading consumer product distribution company, Greg negotiated agreements with the nation’s largest retail outlets such as 7-11 (Southland Corp), Albertson’s, and Costco representing 25,000 retail accounts. Greg lead PCI through a NASDAQ listed IPO, raising $10,000,000. In 2006 Greg started LifeStyle Wireless which he led to the OTC Pink Stock Market changing the name to SinglePoint: ticker symbol SING. Greg is a graduate of Western Washington University with a degree in Marketing and Communications.

Eric Lofdahl – Chief Technology Officer

Lofdahl has over 20 years experience in the technology sector, including positions in software development, program management, complex system integration, and engineering process definition. As SinglePoint CTO, Eric has led the definition and deployment of the company’s mobile messaging, anti-spam, and content delivery products. Before SinglePoint, he worked at the Boeing Company, where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force. He also directed the teams that developed new products and capabilities for many military airplane programs, including the AWACS, F-22 and B-1B programs. Eric holds a Bachelor of Science degree in electrical engineering from Iowa State University.

Wil Ralston – VP of Sales and Marketing

Wil has a successful track record of building and maintaining great relationships with clients. Recognized as the top representative in his section by Nike, after college graduation Wil chose to continue in sales with SinglePoint where he has on-boarded marquee clients including GolfLogix and MonteFiore Inspired Medicine. Wil graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. Wil is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional.

Prasad Boddu – Director of Business Development

Prasad has over 18 years of strategy, marketing, sales and operational experience. He has built and lead teams across multiple geographies, with 10 years of experience exclusively in leadership and mentor roles. He currently provides leadership and guidance to BN Infotec, Six Sigma Services, and Swift Pace Solutions. Prasad holds an MBA from IBAM, India and a Bachelor of Science in Instrumentation from Andhra University, India. He is a certified Six Sigma Black Belt.
Board of Directors

SinglePoint Board of Directors is composed of Greg Lambrecht, Eric Lofdahl, Vara Prasad Boddu, and Gowri Shankar.

Gowri Shankar

Throughout his career in telecommunications, Gowri Shankar has focused on bringing new technologies to market and building multi-million dollar sales organizations. As a founding member of the Sprint PCS launch team, Mr. Shankar led the creation of the first nationwide telesales and e-commerce distribution channels in the wireless industry, thereby laying the foundation for Sprint PCS’s industry-leading enterprise sales strategy. In addition to his work with Sprint, Mr. Shankar was general manager for eAssist, a CRM software company where he developed eAssist’s international strategy and was responsible for the organization’s expansion into nine European countries. He holds a Bachelor of Science degree in Accounting from University of Madras and an MBA from University of Missouri.

.SOURCE: http://singlepoint.com/




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