SinglePoint, Inc. (SING) Reports First Quarter 2014 Results: Revenues Strong and Growing With Dramatic Increase Over Q1 2013

SinglePoint, Inc. (OTC: SING), a state-of-the-art mobile technology and full-service mobile marketing company, announced today it has posted its most recent quarterly results to OTC Markets. The company reported singrevenues of $263,000, a dramatic 1,700% increase from the $14,819 reported for the same quarter last year.

The dramatic increase is due to SinglePoint’s efforts to build a profitable company from the ground up. Last quarter, the company signed a Letter of Intent to acquire Scottsdale, Arizona-based Drive Media Networks, which will enable SinglePoint to install digital screens in legal cannabis dispensaries. It also entered into a joint venture with Motivity Labs to develop mobile applications. Additionally, SinglePoint CEO Greg Lambrecht has been very successful in raising $293,431 in recent months, while at the same time paying down $100,000 in debt to strengthen the company’s balance sheet toward overall growth and increase in shareholder value.

“SinglePoint is now well-funded and poised to enter the legal cannabis market quickly with our advanced mobile payments and mobile marketing technologies,” said Lambrecht. “We are very excited for the weeks ahead, when we expect to make a series of announcements geared towards capitalizing on the wealth of opportunities in these markets. We look forward to establishing a strong foundation for exponential growth throughout 2014.”

About Singlepoint, Inc.
Headquartered in Phoenix, AZ, Singlepoint, Inc. is a state-of-the-art mobile technology company and full-service mobile marketing agency. Its best-in-class mobile commerce and communication platform was specifically designed to serve the needs of both the non-profit and commercial sectors, making any campaign instantly interactive via the mobile phone. SinglePoint’s platform enables its clients to conduct business transactions, accept donations and engage in targeted communication campaigns with their customers/donors through any mobile device. For more information, please visit www.singlepoint.com

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