SinglePoints’ Bitcoin Wallet SingleCoin Surpasses 12,000 Downloads in Successful National Launch
SEATTLE, Oct. 09, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – SinglePoint, Inc. (OTC:SING) – announces the recently launched Bitcoin wallet application has surpassed 12,000 installs and is continuing increased activity. Recently the company launched a national TV campaign featuring Kevin Harrington an original Shark on ABC’s hit show Shark Tank.
Fox Business commercial spot - https://youtu.be/sIPk1VRiSmk
Nielsen estimates that 69,000 people between the ages of 35-64 were tuned at the time of the commercial airing. We believe this also drove additional traffic to SinglePoint outlets such as their website and YouTube channel which has had over 1,000,000 users visit in the past few weeks.
SinglePoint is working to add Ethereum to the wallet and is currently testing Ethereum on Test network in TestFlight and once completed will roll out support to SingleCoin. Additionally, the company has been receiving feedback on the wallet including some issues with older Android versions. We have pushed an update which should fix errors surrounding this issue. We will continue to provide updates to the app including bug fixes, support of additional tokens as well as the ability to purchase bitcoin and other tokens.
“This has been a huge success in our eyes. We plan to line up more air time for the commercial. As our user base grows we are able to understand more information about cost of acquisition, time to reach certain bench marks and the ability to go add additional offerings in the goal to monetize this application,” states Wil Ralston – President.
SinglePoint has worked with AppSwarm to develop and launch the bitcoin wallet and will continue to launch additional services such as the application LastMile Delivery. An application supporting businesses with a delivery component and making it easier to manage and track deliveries for both the business and their customers.
About SinglePoint, Inc.
SinglePoint, Inc. (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5579d4c1-2d3b-4ee2-9a5e-204bfd823198
Released October 9, 2018