NEW YORK, NY--(Marketwired - May 11, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (
The publication is entitled "Marijuana Stocks Drive Corporate Value by Delivering Automation, Technology and Diverse Application." The article highlights unique and exciting opportunities multiple companies are providing for investors in the marijuana market.
To view the full publication, visit: https://www.networknewswire.com/marijuana-stocks-drive-corporate-value-delivering-automation-technology-diverse-application/
"When it comes to opportunities in the marijuana industry, SinglePoint is taking advantage of a couple avenues to maintain diversification and build corporate value. SinglePoint's cannabis vertical, SingleSeed, has a competitive head start in providing mobile payment processing solutions, business tools and text message marketing to 'unbankable' marijuana dispensaries whose operations are crimped because of the lack of banking in the industry. SinglePoint founder and CEO Greg Lambrecht further discusses this obstacle, the company's revenue-generation strategy, and how SingleSeed.com could be a 'pick-and-shovel' for the cannabis industry in a podcast interview posted here: http://nnw.fm/L9HdG.
"Diversification is a considerable aspect of SinglePoint's strategy to build corporate value. Earlier this week SinglePoint signed a reseller agreement that enables the company to start onboarding 'high risk' merchant accounts. Over 100 business types are considered high risk, including auctions, vape pen sales, gambling, online gaming and more. This approach serves as a doorway for SinglePoint to offer payment solutions to cannabis businesses, which are also considered high risk, when the industry becomes bankable."
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.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.