Singlepoint Inc (SING)

[$Pistol Pete$]

$SING Singlepoint Inc (OTCMKTS:SING) Sells Greenstar Brand For $1.4 Million To Havana Holdings

by EVAN DION

July 14, 2015 Business No Comments 91 views
Singlepoint Inc (OTCMKTS:SING), a leading mobile technology and marketing service provider in U.S., has decided to sell GreenStar to Havana Holdings for as much as $1.4 million. Havana is a Nevada-based organization and has 225 shareholders.

As per the reports, Singlepoint has finalized all the initial agreements with Havana Holdings to sell GreenStar, including its underlying IP and brand. The primary focus of Havana Holdings is to focus on developing an inexpensive E-cigarette brand that targets to over 30 million people in the Hispanic market.

Insights On Matter:

The available information suggests that Havana Holdings will issue 57.1 million shares of common stock to Singlepoint. Havana’s preference shareholders will look forward to converting these preference shares to company’s common stock. The initial estimations suggest that Singlepoint will own almost 75% of Havana Holdings’ stock.

http://www.journaltranscript.com/2015/07/singlepoint-inc-otcmktssing-sells-greenstar-brand-for-1-4-million-to-havana-holdings/