SinglePoint, Inc. Outperforms 2013 Revenue Projections, Reduces Debt, Raises Substantial Investment Capital Toward Rapid Expa...
April 08 2014 - 9:10AM
Marketwired
SinglePoint, Inc. Outperforms 2013 Revenue Projections, Reduces
Debt, Raises Substantial Investment Capital Toward Rapid Expansion
Into Cannabis Markets
PHOENIX, AZ--(Marketwired - Apr 8, 2014) - SinglePoint, Inc.
(OTC: SING), a state-of-the-art mobile technology and full-service
mobile marketing company, announces that its 2013 Annual Report,
filed with OTC Markets on March 31st, 2014, exceeded management's
revenue expectations with a reported $1.6 million in revenues.
"I was pleased, but not surprised, with the numbers," states
SinglePoint™ CEO, Greg Lambrecht. "We've been working
effectively to harvest growth in the company in terms of attaining
additional clients and workflow, expansion of brand recognition,
and formation of valuable strategic partnerships. I am confident
that by the end of Q2, the company has a solid chance to become
debt-free, and well on its way to sustainable profitability."
In the past few months, since end of 2013, SinglePoint™ has paid
down and or settled $100,000 in debt. In addition the Company
has raised nearly $500,000 through private investors, which the
company intends to use primarily toward expansion into the medical
marijuana markets via existing business models and attractive
verticals, utilizing management's expertise in distribution and
prepaid products.
SinglePoint™ looks to have updates in the coming days with regard
to attractive opportunities in Medical Marijuana and Merchant
Services sectors.
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Check out Greg Lambrecht on MoneyTV
About Singlepoint,
Inc.
Headquartered in Phoenix, AZ, Singlepoint, Inc. is a
state-of-the-art mobile technology company and full-service mobile
marketing agency. We operate a best-in-class mobile commerce and
communication platform specifically designed to serve the needs of
the non-profit community as well as for profit companies. We make
any campaign instantly interactive via the mobile phone. This
functionality allows our clients to conduct business transactions,
accept donations and engage in targeted communication campaigns
with their customers/donors through any mobile devices. It also
allows our clients to send more messages, create more awareness,
and raise revenues and donations.
For more information see 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: Greg Lambrecht 602-481-1544
www.singlepoint.com
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