SinglePoint and AppSwarm Sign
LOI to Launch Cannabis-Focused Applications
Seattle, WA -- October 24, 2017 -- InvestorsHub NewsWire --
SinglePoint Inc. (SING)
("the Company") has entered into a Letter of Intent with AppSwarm
(OTC:SWRM)
to conduct a joint roll-out of mobile applications specifically
geared to the cannabis industry. The applications will be branded
and marketed under SinglePoint's SingleSeed subsidiary (www.SingleSeed.com), while AppSwarm (www.app-swarm.com/) will provide the necessary
technical support and app development.
SinglePoint and AppSwarm plan to launch the first application
within 90 days of the LOI, as well as release an additional two
applications every 90 days thereafter. The first application will
provide a base for additional applications, and will be a
service-based application for the business-to-business (B2B) and
business-to-consumer (B2C) markets.
The cannabis market is ripe for technology that can improve
efficiency and work flows. SinglePoint and AppSwarm intend to
develop mobile applications that address these industry needs by
creating a system that allows a business to see what is going on in
the market around them. The mobile apps will also streamline the
consumer experience by adding in SinglePoint's payment options,
among other features.
"We are very excited to roll-out these applications. We have
worked on projects like these before and now we really feel we have
both the capital and partner to make a full court press on a major
launch and huge value add to the cannabis industry," states
SinglePoint CEO Greg Lambrecht.
AppSwarm is a strong partner for SinglePoint, as many of the
applications the Company is looking to launch are already working
and live within the AppSwarm portfolio. SinglePoint will now
rebrand specific applications and add additional feature sets
designed specifically for the cannabis clientele.
"The roll-out of the cannabis applications represents an
exciting opportunity for us at AppSwarm, as we have the expertise
to build and launch applications that the market wants. This is a
win-win situation for both companies, allowing us to leverage one
another's expertise and grow together," states AppSwarm CEO Ron
Brewer.
The cannabis market is projected to reach $50 billion by 2025.
Currently, cannabis is legal in 29 states and the District of
Columbia. These mobile applications will be available for use in
all states. As new states legalize the companies will look to grow
alongside the new states opening to legalized cannabis sales.
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 or www.SingleSeed.com
Connect on social media:
www.facebook.com/SinglePointMobile
http://www.twitter.com/_SinglePoint_
www.linkedin.com/company/SinglePoint
www.youtube.com/user/SinglePointMobile
Forward-Looking Statements
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.
Contact:
SinglePoint, Inc.
Greg Lambrecht
602.481.1544
Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com