To view this week’s program, visit www.MoneyTV.net
In the interview, Greg Lambrecht, chief executive officer of Singlepoint, gave shareholders some additional insight into the latest news from the company, including its ongoing audit. In recent weeks, Singlepoint has been moving forward with corporate audits ahead of a planned uplisting to the OTCQB Venture Marketplace in the near future. With the rapid approach of the end of 2016, Singlepoint, along with Houston-based PCAOB firm MaloneBailey, has made the decision to alter its strategy in order to better position itself for success following its uplisting.
“As we got closer to 2017, our auditors have advised us that, at this point, we should go ahead and audit 2016, too,” Lambrecht stated in the interview. “That’s what we’re doing.”
In addition to discussing the ongoing audit, Lambrecht took the time to hit on some of the highpoints of Singlepoint’s current operations, including its new marketing partnership with RedFin. As one of the processors currently integrated with Singlepoint’s Pay-by-Text™ and Text2Bid technologies, the companies already have a working relationship. However, through this new sales and marketing program, RedFin will identify organizations from among its base of more than 150,000 clients, specifically faith-based organizations and non-profits, that will benefit from Singlepoint’s payment products.
“We’re really excited to take our RedFin relationship beyond just a technical integration relationship into a sales and marketing relationship,” Lambrecht continued. “We expect to see a lot of new deals coming down the pipes from that.”
The interview concluded with a few words about the daily fantasy sports market, which Singlepoint entered through its acquisition of a minority stake in DraftFury earlier this year. The daily fantasy sports industry generated roughly $2.6 billion in entry fees during 2015, and that figure is expected to reach $14.4 billion by 2020, according to Eilers Research. With the start of the NBA season earlier this week, Singlepoint is uniquely positioned to capitalize on this market performance.
“This is the sweet spot where we’ve got football, which is almost 75 percent of fantasy sports players, and also the NBA,” he concluded. “This is the time of year when people are playing, and the increases from year to year are evident.”
For more information, visit the company’s website at www.Singlepoint.com
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