PHOENIX, AZ--(Marketwired - Apr 15, 2014) - SinglePoint, Inc. (OTC: SING), a state-of-the-art mobile technology and full-service mobile marketing company, and Advanced Content Services (OTC: ADCS), a Holding company focused in electronic payment services and solutions, announce that they have agreed to partner on the development and deployment of Cannabis Card™, a rewards card branded for the multi-billion dollar legalized medical and recreational marijuana industry.
Cannabis Card is a product invented by ADCS's wholly owned subsidiary, New Wave Prepaid Solutions, Inc., and is currently in development for entry to market. Recently, ADCS Chairman and New Wave Prepaid co-founder, Mark B. Newbauer, met with SinglePoint™ CEO Greg Lambrecht and his team at SinglePoint™ headquarters in Phoenix, Arizona. It was agreed that the companies will form a Joint Venture toward collectively beneficial revenues on Cannabis Card™.
Greg Lambrecht has a successful track record, for more than 20 years of founding and leading start-up companies focused on building new retail distribution networks. As the founder of PCI a leading consumer product distribution company, Mr. Lambrecht negotiated agreements with the nation' largest retail outlets such as 7-11 (Southland Corp), Albertson's and Costco representing 25,000 retail accounts.
Lambrecht also founded Millennium Marketing, a firm specializing in distribution of prepaid wireless, Ringtones and Games throughout retails stores in North America.
"This is a tremendous opportunity for Cannabis Card," states New Wave Prepaid Director, Steve Devine. "Greg's background and proven experience in the realm of prepaid products and retail distribution, in addition to SinglePoint's existing verticals designed for the Cannabis industry, holds tremendous potential for materialization, rapid market entry and monetization of Cannabis Card and we're thrilled to be forming an alliance here."
"New Wave is taking existing technology and turning out innovative solutions in profitable market sectors. We are thrilled to be working with them on a product I am confident we can bring to market with low overhead and strong revenue potential for all involved," states Lambrecht.
The companies aim to have a hard card launched during or before Q3 2014.
Advanced/New Wave plans regular benchmark updates on card launch for Cannabis Card and SchoolFuel and is currently in discussions with a top vendor focused in marijuana merchant services for a potential JV.
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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. Send more messages, create more awareness, and raise revenues and donations.
For more information see www.singlepoint.com
About Advanced Content Services, Inc. / New Wave Prepaid Solutions
Advanced Content Services is a Holding Company focused in electronic payment services and solutions via its wholly-owned subsidiary, New Wave Prepaid Solutions and their flagship products, Cannabis Card™, aimed to reward consumers and serve businesses in the medical marijuana markets, and SchoolFuel™ a revolutionary fundraising platform for schools and universities built into a convenient, easy-to-use general-purpose reloadable debit card. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.
For more information see www.advancedcontentinc.com
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.
- electronic payment services
- Holding company