PHOENIX, AZ--(Marketwired - July 22, 2014) - SinglePoint, Inc. (SING) is pleased to announce that GreenStar Payment Solutions, Inc., the Company's joint venture specializing in cashless solutions for cannabis/medical marijuana clinics and dispensaries, has secured Agreements with clinics and dispensaries in Arizona, Washington and Oregon. These accounts mark GreenStar's official stake in the medical marijuana marketplace (#mmj) marketplace toward becoming a leading competitor, with a primary focus of securing accounts and lateral initiatives to acquire others in this space.
"We are elated with the success of GreenStar to date," states SinglePoint CEO and GreenStar co-founder, Greg Lambrecht. "The venture was formed recently, in late May 2014, and we've expedited the formation of our corporate infrastructure in just over a month, all the while using our teams to harvest leads toward actionable contracts. We are excited that in our first 2 weeks of active sales, we have closed 7 accounts with 3-5 more expected this week."
"Accounts were garnered in Arizona, Washington and Oregon and include brick and mortar locations as well as delivery services using GreenStar's wireless units. This puts us well on track for our annual goals, and we anticipate expedited growth now that sales teams are running full force."
In addition, GreenStar has provided alternative banking solutions to clients that do not currently have accounts, and has begun to receive unsolicited requests for information on the Company's services.
GreenStar continues to work with leads generated at the NCIA's Cannabis Business Summit for industry leaders #cannabiz, and is corresponding with confirmed attendees at #CannaCon 2014, the upcoming Cannabis Expo in Tacoma, Washington during Seattle's HempFest. GreenStar is a sponsoring exhibitor.
GreenStar is a payment solutions company that offers tools and services for both legal Medical and legal Recreational Marijuana Business owners, primarily dispensaries and clinics, allowing customers to use their debit and credit cards to make purchases.
This particular merchant segment generated over $2 billion in revenues last year, virtually none of which was done through electronic payment devices such as credit and debit cards. GreenStar Payment Solutions, Inc. seeks to foster better business practices for industry operations while capturing an attractive market share.
Dispensaries and legal business owners in the MMJ sector - Find out how GreenStar can support you with superior business practices, competitive merchant service solutions and key revenue generators to improve your overall bottom line: info@GreenStarPaymentSolutions.com
About SinglePoint, Inc.
Headquartered in Phoenix, AZ, SinglePoint, Inc. is a state-of-the-art mobile technology company and full-service mobile marketing agency. Its best-in-class mobile commerce and communication platform was specifically designed to serve the needs of both the non-profit and commercial sectors, making any campaign instantly interactive via the mobile phone. SinglePoint's platform enables its clients to conduct business transactions, accept donations and engage in targeted communication campaigns with their customers/donors through any mobile device. For more information, please visit www.singlepoint.com, "Like" SinglePoint on Facebook and follow them on Twitter.
About GreenStar Payment Solutions, Inc.
Founded in 2014, GreenStar Payment Solutions, Inc. a proud member of National Cannabis Industry Association, provides payment and merchant solutions and services to Legalized Medical and Recreational Marijuana Dispensaries in the United States. GreenStar's suite of services aims to provide dispensaries with a competitive advantage as a one-stop-shop for MJ business owners with solutions including Non-Cash Merchant Solutions, Prepaid Rewards Programs, and more - all of which can increase revenue and profitability. Headquartered in Denver, Colorado, GreenStar is a 33/33/33 joint venture among SinglePoint, Inc. (SING), Advanced Content Services (ADCS) and GreenHouse Payment Solutions, Inc. For more information, please email us at info@GreenHousePaymentSolutions.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.