NEW YORK, March 09, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring SinglePoint, Inc. (SING), a client of NNW focused on strengthening its position in the marijuana industry through the acquisition of, or investment in, small to mid-sized cannabis companies.
To view the full publication, titled “Growth Fuels Diversity, Opportunity in Blockchain Sector,” visit: http://nnw.fm/cS6tp
SinglePoint is working on financial technology solutions through collaborations with other companies. SinglePoint is also working to raise the profile of blockchain technology through a collaboration with entrepreneur and SharkTank veteran Kevin Harrington, the brain behind 20 companies with combined revenues over the $100 million mark and whose public profile will help bring SinglePoint’s services to a wider market.
Many of SinglePoint’s financial solutions are geared toward the cannabis market, a growing sector that has been under-supported by the traditional finance industry. Cannabis sales are now legal in 29 U.S. states, but vendors struggle to access traditional banking systems. SinglePoint’s SingleSeed Payments service provides cannabis suppliers with fast, secure payment systems, allowing these suppliers to accept payment methods other than cash. The company is also using blockchain to support additional parts of the supply chain, including inventory tracking and deliveries, as well as informing customers about products and ensuring that businesses meet tight regulatory requirements.
SinglePoint also has a joint-venture agreement with Smart Cannabis Corp. to license and market the SMART APP, an industry specific application that enables cultivators to control entire operations from a mobile device. Among other initiatives, the companies are collaborating to integrate SinglePoint’s bitcoin payment solution into the app and finalize a “track and trace” solution utilizing blockchain.
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. For more information, visit www.SinglePoint.com.
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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.