Singlepoint Inc (SING)

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SinglePoint, Inc. Outperforms 2013 Revenue Projections, Reduces Debt, Raises Substantial Investment Capital Toward Rapid Expa...
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Singlepoint, Inc. (PC) (USOTC:SING)
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Today : Tuesday 8 April 2014

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SinglePoint, Inc. Outperforms 2013 Revenue Projections, Reduces Debt, Raises Substantial Investment Capital Toward Rapid Expansion Into Cannabis Markets
PHOENIX, AZ--(Marketwired - Apr 8, 2014) - SinglePoint, Inc. (OTC: SING), a state-of-the-art mobile technology and full-service mobile marketing company, announces that its 2013 Annual Report, filed with OTC Markets on March 31st, 2014, exceeded management's revenue expectations with a reported $1.6 million in revenues.

"I was pleased, but not surprised, with the numbers," states SinglePoint™ CEO, Greg Lambrecht. "We've been working effectively to harvest growth in the company in terms of attaining additional clients and workflow, expansion of brand recognition, and formation of valuable strategic partnerships. I am confident that by the end of Q2, the company has a solid chance to become debt-free, and well on its way to sustainable profitability."

In the past few months, since end of 2013, SinglePoint™ has paid down and or settled $100,000 in debt. In addition the Company has raised nearly $500,000 through private investors, which the company intends to use primarily toward expansion into the medical marijuana markets via existing business models and attractive verticals, utilizing management's expertise in distribution and prepaid products.

SinglePoint™ looks to have updates in the coming days with regard to attractive opportunities in Medical Marijuana and Merchant Services sectors.

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