SinglePoint (OTCQB: SING) today announced the
completion of an S-1 registration agreement to raise up to $7,000,000 with
certain limitations on the amount of each sale, once the registration has been
deemed effective. According to the update, the Equity Agreement, on a look-back
basis and with no make-up provisions, is a true non-toxic equity investment.
“This has been a long time in the making and filing an S-1 with a leading
financial firm represents achieving another significant milestone for
SinglePoint. Filling the Form-10, becoming a fully reporting issuer, and uplisting
to the OTCQB were all integral and essential steps that enabled us to access
capital with a partner like GHS Investments at an attractive rate through this
S-1 registration and equity agreement,” SinglePoint CEO and Chairman Greg
Lambrecht said in the news release. “This is a major step for SinglePoint and
our shareholders as we now have access to lower cost financing which ultimately
lessens dilution to the market. We see this financing as a potential catalyst
for SinglePoint to bolster and accelerate expansion into new markets. Our
recent acquisition, Direct Solar America, and our proprietary consumer product
1606 Hemp are both gaining traction and revenue growth and access to capital
will only enhance the market opportunities for both.”
To view the full press release, visit http://ibn.fm/ftRqY
About SinglePoint, Inc.
Founded in 2011 SinglePoint, Inc (OTCQB: SING) invests in
and acquires brands and companies that will benefit from injection of growth
capital and the sales and marketing expertise of SinglePoint. The company
portfolio currently includes solar, hemp and technology applications.
SinglePoint is working to grow the company to a multinational brand. For more
information, visit the company’s website at www.SinglePoint.com.
NOTE TO INVESTORS: The latest news and updates
relating to SING are available in the company’s newsroom at http://ibn.fm/SING
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