SinglePoint, Inc. to Capitalize on the Multi-Million Dollar
Pokmon Go Phenomenon with Custom Mobile Application
Seattle, WA -- August 2, 2016 -- InvestorsHub NewsWire
-- SinglePoint Inc. (OTC: SING) announces today that its
Board has approved initiatives to build a mobile app that caters to
bringing like-minded Pokmon Go players together by offering rewards
backed communication opportunities for players.
Apple recently confirmed that Pokmon Go was downloaded more
times during its first week than any other app in the App Stores
history. Pokmon Go had 21 million active users in the United States
alone as of 18 July less than two weeks after going live. The game,
which has been rolled out in 35 countries, is also available on
Android devices. Needham and Co brokerage analysts state that
Pokmon Gos ratio of paid users to total users was 10 times that of
Candy Crush, the hit game from King Digital that generated more
than $1bn of revenue in both 2013 and 2014.
Today, Pokmon GO already has at least 75 million US downloads on
iOS and Android (Google Play only) and $1.6M in daily revenue in
Apples iOS store alone, though those figures are bound to increase
as new data continues to roll in.
Inspired by the recent Pokmon Go craze, Singlepoint has begun
discussions with programmers under contract to develop an app that
will allow users to be rewarded for performing various geo-targeted
actions while playing Pokmon GO
Users have access to a message board where they can use a
global, team, and friend chat to communicate with others.
Increasing the social interactions among users.
The app will feature scavenger hunt type attributes that
seamlessly integrate with gameplay and allow users to generate
rewards and increase communication and meet-up opportunities with
like-minded gamers.
SinglePoint CEO Greg Lambrecht states, We are perfectly aligned
in the mobile app space to take advantage of the current phenomenon
that is Pokmon Go, along with similar scenarios in the gaming world
across the board moving forward. We are to the point where
technology has demonstrated the ability for gaming to bring players
to the outdoors: engaging, exploring and with a camaraderie among
players like never before. We intend to capitalize on this in a big
way.
SinglePoint, as part of its rollup acquisition initiative will
begin targeting companies in the mobile app space including Pokmon
Go apps as it has in the DFS space, which notably cultivated
ownership in one of the industrys most profitable DFS companies,
DraftFury.
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
Contact:
Investor Relations
SinglePoint, Inc.
Greg Lambrecht
602-481-1544
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.