SinglePoint, Inc. (OTC: SING) has evolved from a full-service provider of mobile technology to a publicly traded holding company focused on diversification into horizontal markets. Through an acquisition-based strategy, SinglePoint is building its portfolio of undervalued subsidiaries and, thereby, offering a robust, diversified holding base for multiple revenue streams.
SinglePoint is focused on researching opportunities in which it can be active within a company and influence its strategy and direction. Companies targeted by SinglePoint are undervalued, cash-flow positive and have high potential and verified assets. Once a company is acquired, SinglePoint works with key members of the company’s management to grow a successful candidate.
Offers full-service mobile technology and marketing solutions for small to medium-sized businesses diversification M&A model offers platform for sustainable growth and expansion in key markets Strategic acquisitions represent solid foothold in multi-billion dollar legalized cannabis market. They are pioneering bitcoin payments solution set to be a game-changer for currently “unbankable” marijuana businesses offering investors the opportunity to make investments across a broad range of assets.
SinglePoint’s payment processing solutions are designed to meet the specific needs of each unique business the company serves. SinglePoint is able to work with any type of enterprise to design the right solution to fit its needs—even high-risk businesses.
Some of the most common types of processing solutions SinglePoint provides include:
Retail with tip
Mail order/telephone order (MOTO)
A prime example of a payment solution tailored for high-risk businesses is SinglePoint’s in-development, proprietary bitcoin payment solution. This solution, being developed collaboratively with First Bitcoin Capital Corp. (BITCF), will enable “unbankable” businesses—like cannabis dispensaries that are currently federally limited in their payment processing options—to accept credit and debit card payments independent of banks and the FDIC.
SinglePoint’s bitcoin solution would be downloadable at any point-of-sale machine, and the company can supply the hardware or just the standalone software depending on a client’s needs. SinglePoint has purchased the domain name http://www.SingleCoin.com as part of its planned potential initial coin offering (ICO), which would specifically support transactions for the marijuana industry and other high-risk industries.
Bitcoin offers many enticements that make it perfect for cannabis businesses and other high-risk companies that are in need of payment solutions. Bitcoin facilitates the transfer of funds independent of banks, and bitcoin cannot be regulated by governments. Bitcoin transaction fees are also just 1 percent, in comparison with 3 percent for credit cards. Bitcoin is further becoming widely accepted as a valid form of currency, with major retailers like Microsoft, Subway and Overstock.com now accepting bitcoin payments in the United States. Additionally, Japan recently made bitcoin an official national payment method.
SinglePoint offers text message marketing solutions, enabling companies to seamlessly send messages to all of their subscribers simultaneously. Clients can easily send notifications, deals, coupons and even payment requests. Regardless of what device is being used by the receiver, messages sent through SinglePoint’s solution can be universally received.
Reports show that 99 percent of text messages are opened, and 90 percent are opened within 3 minutes of receipt. Since text messaging has become an engrained part of daily life, users do not need to download an app to receive text message marketing, making it a prime means for businesses to get their message out to customers.
Another way SinglePoint is serving marijuana enterprises without touching the plant is through its SingleSeed payments subsidiary (www.SingleSeed.com).
SingleSeed provides various services to marijuana enterprises and has become a hub for cannabis dispensaries that are seeking merchant payment processing solutions and other business tools. Through SingleSeed, SinglePoint offers payment processing and text message marketing solutions specifically for cannabis businesses.
SingleSeed was created as a means of educating and informing shopkeepers and customers about key issues in the retail and medical marijuana market while helping further the cause of legitimizing the industry. Through SingleSeed, SinglePoint additionally aims to help provide cannabis business owners with the tools and support they need to thrive in the marketplace.
SinglePoint has been expanding its presence in the burgeoning legal marijuana space through strategic acquisitions, with part of that strategy involving acquiring businesses that have revenues. In March 2017, SinglePoint began funding Convectium, which is a California-based provider of equipment, packaging and branding solutions for the cannabis industry. Convectium developed the first cartridge and vape pen oil-filling machines for wholesale distribution to marijuana dispensaries, and its 710Shark and 710Seal machines, currently sold through the EquipCanna.com website, can fill and package more than 100 cartridges or disposable vape pens in just 30 seconds. Convectium additionally operates a consumer brand that includes BlackoutX and HazeSticks products.
In May 2017, SinglePoint also acquired Discount Indoor Garden Supply (DIGS), which is a provider of soil and supplies—including hydroponics products—and consulting services to legal cannabis growers in California. This acquisition has positioned SinglePoint to be a leading provider of online products, retail stores, cannabis consulting and equipment in California, where thousands of marijuana-related businesses are now in operation.
SinglePoint continues courting promising acquisition targets in its efforts to expand its footprint in the legal marijuana market and other key industries.
SinglePoint is helmed by an experienced executive team with a track record of success. SinglePoint’s achievements have been built on earning customer trust and being committed to client success.
Greg Lambrecht – CEO, Founder, President
As CEO and founder of SinglePoint Inc., Greg leads the company in its mission. He oversees all company operations including investor relations, the leadership of the Board of Directors, and daily business activities. Greg has a successful track record of founding and leading start-up companies. As the founder of PCI, a leading consumer product distribution company, Greg negotiated agreements with the nation’s largest retail outlets such as 7-11 (Southland Corp), Albertson’s, and Costco representing 25,000 retail accounts. Greg lead PCI through a NASDAQ listed IPO, raising $10,000,000. In 2006 Greg started LifeStyle Wireless which he led to the OTC Pink Stock Market changing the name to SinglePoint: ticker symbol SING. Greg is a graduate of Western Washington University with a degree in Marketing and Communications.
Eric Lofdahl – Chief Technology Officer
Eric Lofdahl has over 20 years experience in the technology sector, including positions in software development, program management, complex system integration, and engineering process definition. As SinglePoint CTO, Eric has led the definition and deployment of the company’s mobile messaging, anti-spam, and content delivery products. Before SinglePoint, he worked at the Boeing Company, where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force. He also directed the teams that developed new products and capabilities for many military airplane programs, including the AWACS, F-22 and B-1B programs. Eric holds a Bachelor of Science degree in electrical engineering from Iowa State University.
Wil Ralston – VP of Sales and Marketing
Wil has a successful track record of building and maintaining great relationships with clients. Recognized as the top representative in his section by Nike, after college graduation Wil chose to continue in sales with SinglePoint where he has on-boarded marquee clients including GolfLogix and MonteFiore Inspired Medicine. Wil graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management. Wil is currently recognized by the Professional Golfers Association of America (PGA) as a Class A Professional.
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