NEW YORK, May 25, 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 acquiring companies that will benefit from the injection of growth capital and technology integration.
To view the full publication, titled “Supreme Court Decision Empowers States to Take Action on Sports Betting,” visit: http://nnw.fm/QTb1Z
In addition to its efforts with StakeHaul, SinglePoint will also be leveraging its investments in GoDraft and DraftFury, which now become more viable opportunities for the acquisitions company. In 2016, SinglePoint acquired an ownership stake in GoDraft.com, a Daily Fantasy Sports (DFS) enterprise featuring “one of the most powerful Daily Fantasy Sports gameplay systems on the planet” (http://nnw.fm/qJb3K). Using GoDraft, players have an opportunity to win cash daily in the NFL, NBA, MLB and PGA. The system also features a referral program that rewards players with cash and credit.
At the time of the acquisition, SinglePoint CEO Greg Lambrecht noted that “GoDraft is an ideal candidate with excellent growth potential. There are 2,000-plus unique members, and they also have the only friends and private league features in the daily fantasy sports industry today, allowing you to play against people you know easier than ever before.”
SinglePoint is one of the few publicly traded companies in the United States that allows shareholders to be involved in the DFS realm, and the GoDraft acquisition marked the first in SinglePoint’s DFS rollup initiative. “With nearly 57 million people in the USA and Canada participating in fantasy sports last year, demand for participation in DFS is on the rise,” Lambrecht noted.
About SinglePoint, Inc.
SinglePoint, Inc. is a technology company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company’s portfolio includes mobile payments, daily fantasy sports, 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. For more information, visit the company’s website at 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.