In Route to Becoming Fully Reporting, SinglePoint
Up-Lists to OTCQB and adds Former Amazon
GM as Additional Board Member
Seattle, WA --
February 14, 2018 -- InvestorsHub NewsWire
-- SinglePoint Inc. (OTCQB:SING)
provides
shareholder update on recent OTCQB
up-list,
company overview and adding key board member to help guide
company
technology initiatives. SinglePoint is currently engaged with
auditor to complete 2017 audit and become fully reporting soon.
Becoming fully reporting should increase the exposure of
SinglePoint to institutional investors for direct investment as
well as
through the open market. In addition to this the company looks to
increase transparency and credibility for its shareholders and
ultimately increase the value of SinglePoint.
A requirement of the
company's move to the OTCQB Venture Markets was to add an
additional board member. SinglePoint has added previous Amazon
General Manager and current F5 Networks Senior Vice President
Venugopal Aravamudan. Mr. Aravamudan
has a
25+ years
tenure in the
technology
sector growing and leading significant businesses
at
companies such as
Microsoft, VMware, Amazon and now F5 networks Inc. Most
recently,at Amazon, Mr. Aravamudan ran
a significant
portion of the Amazon Web Services
Relational Database Systems services managing large teams and significant
revenues.
Currently he is Senior Vice President and General Manager at
F5 Networks and
responsible for their next generation
cloud
services offerings.
"I am excited to join the
board at SinglePoint and
help them
accelerate leveraging technology such as Blockchain and Cloud
Computing to deliver business services at a large
scale. Singlepoint has great assets
and people to help them build differentiated and global
capabilities and I look forward to helping them get to this next
level."
Management believes bringing
on such a high-powered
board member that
is well connected both locally and internationally will help lead
SinglePoint to its overall company goals. Mr. 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.
"We are very happy Mr.
Aravamudan has joined us. This gives us the expertise we need
for accelerating the right set of
technology based Joint
Ventures, Acquisitions and other
interesting Big Data plays that unlock the
potential for
blockchain applications", states SinglePoint President Wil
Ralston.
The company has started video
updates and looks to release these as updates permit. Follow this
link to see the inaugural video. Note Since the filming of
this segment SinglePoint has successfully up-listed to the OTCQB
Venture Markets. SinglePoint Inaugural Video
Update
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.
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