SinglePoint Completes Calendar Year 2016 Audit, Advances Toward Up-Listing
SEATTLE, Dec. 20, 2017 (GLOBE NEWSWIRE) -- SinglePoint, Inc. (OTC:SING) today announces the successful completion of a corporate audit provided by PCAOB firm Turner Stone and Company. SinglePoint has achieved considerable growth in 2017, and with the completed audit takes another step toward a potential up-listing to the OTCQB market. Management believes the audit, which includes financials through December 31, 2016, and subsequent events from inception (2007) through December 12, 2017, will provide the transparency for larger institutional investors to enter the picture.
SinglePoint has achieved considerable trajectory in the last 12 months, surpassing a $100 million market cap and significantly expanding its acquisition portfolio. Leveraging its improved cost of capital, management plans to continue this aggressive growth pattern, pursuing additional accretive acquisitions and building solutions based on bitcoin and blockchain platforms that solve key issues within the cannabis markets.
In calendar year 2017, SinglePoint has acquired or invested in multiple companies, in addition to bringing in $1.2 million (https://www.singlepoint.com/news-media/press-releases/detail/113/singlepoint-receives-1-2-million-in-funding-with-option-to).
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.
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.
Released December 20, 2017