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Tuesday, June 20, 2017 9:38:18 AM
Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced that it has successfully closed a $1 million company-friendly convertible promissory note with an institutional investor. Per the update, the company intends to use this funding to execute on its previously announced bitcoin payments solution, which it is developing in partnership with First BitCoin Capital (OTC: BITCF). “This is great timing for SinglePoint. We have many acquisitions deals in the pipeline, and access to this capital will exponentially increase the chances of getting these done,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “In addition, we have many technical developments that are ready launch. We will be able to develop our solutions and really start driving sales.” Leveraging bitcoin and blockchain technology, SinglePoint aims to bypass the federal banking issues that continue to plague legalized cannabis markets across the country, opening the door for electronic payment alternatives to businesses that are currently forced to operate on a “cash-only” basis. SinglePoint and First BitCoin Capital have planned four developments based on bitcoin, ethereum and the technology of blockchain. In line with these goals, SinglePoint recently acquired the rights and domain name of www.SingleCoin.com in a planned potential Initial Coin Offering (ICO) that would support transactions on the blockchain specifically for cannabis and other high risk industries.
To view the full press release, visit http://nnw.fm/G8dn5
About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry. For more information visit www.SinglePoint.com
Recent SING News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 10:00:59 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/19/2024 08:48:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/24/2024 09:15:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:46:47 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 05/22/2024 04:08:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/20/2024 01:51:39 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 10:08:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 10:00:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 09:41:09 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 05:22:46 PM
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- Form 424B4 - Prospectus [Rule 424(b)(4)] • Edgar (US Regulatory) • 12/18/2023 09:36:43 PM
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