SinglePoint Successfully
Completes Audit and Starts Process to File Form 10 In
Route to Become Fully Reporting
Seattle WA -- April 17, 2018
-- InvestorsHub NewsWire -- OTC PR WIRE -- SinglePoint (OTCQB:
SING) is pleased to announce the finalization and successful
completion of PCAOB corporate audit. SinglePoint has been working
side by side with Turner Stone and Company in order to complete the
2016 and 2017 corporate audit and will now take the necessary steps
to become fully reporting by filing a Form 10.
Completion of the corporate
audit and filing a Form 10 will give SinglePoint access to raise
additional capital on better terms for the company. Additionally,
the company believes this will open the doors for institutional and
family offices to invest in the open market, provide increased
investor confidence and improve shareholder value. This will
provide the company the means to aggressively continue its
acquisition strategy and development of the company's blockchain
and cannabis payment solutions.
"We as management are very
excited to have completed the audit. We have already received term
sheets from potential capital partners to raise up to $20,000,000
on friendly terms. This is a major step for the company and I am
very confident, more so than ever, in the company's ability to
successfully build upon the solid infrastructure we now have.
Currently there are three acquisition targets in negotiations. We
look forward to closing these deals and continue expansion into the
cannabis market," states Greg Lambrecht CEO
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.
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