Singlepoint Inc (SING)

[briphelps]

Blue why do you lie?
In accordance with the LOI, Havana will acquire GreenStar for $1.4m. This payment to SinglePoint will be satisfied with Havana common shares. After all the transactions required by the LOI, SinglePoint will hold just under 75% of the Company's common stock. The Companies will work as strategic partners to garner multiple revenue streams from the brand given the existing industry relationships Havana is acquiring, particularly in the international tobacco industry.

SinglePoint CEO Greg Lambrecht states, "We are very pleased with the opportunity. Upon execution, SinglePoint will improve its balance sheet and bottom line while allowing us continued participation in GreenStar growth given our unified efforts with Havana Holdings, Inc. to bring new and innovative products to market in the ever-growing E-CIGARETTE and traditional tobacco market segments."

Lambrecht is moving forward confidently to ensure success for the endeavor and already secured two distribution partnership agreements and has started the process of visiting manufacturers in Cuba to build the relationships for importing Cuban cigars should the trade embargo be lifted.

SING will own most of the co.