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| Promoter: | Penny Stock General | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| SING | $2500 | UNKNOWN |
| Max Profit: 28.89 % | Gain at close: 0.00 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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Today's Alert: Singlepoint, Inc (SING)
Good morning all,
Earlier I introduced you to my pick today, Singlepoint, Inc (SING).
Well they just released some big news this morning...
SING has signed a letter of intent to acquire a digital signage network which could add significant revenues as well as an experienced management team that will help grow SING's business and profitability.
Check it out for yourself...
SinglePoint, Inc. Executes Letter of Intent to Acquire Digital Signage Network From Digital Advertising Pioneer, Drive Media Networks, LLCAcquisition Will Advance SinglePoint's Strategy of Offering Comprehensive Marketing, CRM, Payments and Other Solutions to Its Clients, Including Those in the Medical Marijuana IndustryPHOENIX, AZ--(Marketwired - May 7, 2014) - SinglePoint, Inc. (OTC: SING), a state-of-the-art mobile technology and full-service mobile marketing company, is pleased to announce that it has signed a Letter of Intent ('LOI') to purchase Drive Media Network, LLC's existing digital signage network. SinglePoint also anticipates having Drive Media's management team join the SinglePoint team and bring its more than 30 years collective experience designing, building, operating and programming digital signage networks nationwide.
The acquisition, which will consist of cash and stock, advances SinglePoint's strategy to offer a comprehensive package of marketing, CRM, payments and other relevant solutions to its clientele including those clients in the medical marijuana industry. Initially, SinglePoint plans to install Drive Media screens in medical and recreational cannabis dispensaries nationwide in order to educate customers and reduce excessive wait times of up to 45 minutes. SinglePoint anticipates this initiative will generate revenue through screen placements and advertising sales. The acquisition will create immediate additional revenues to SinglePoint from existing Drive Media contracts, and significantly increase the company's bottom line and overall shareholder value. Projections by Drive Media show over $1 million in net income in five years with the expansion of the new SinglePoint Network. Included in these projections are current, active contracts including Sonora Quest Laboratories (through 2017) and existing advertisers in the medical services area including Barnet Dulaney Perkins Eye Center, a statewide eye care network. "The acquisition of Drive Media will greatly expand our service offerings to our existing client base and help us gain a foothold into the medical marijuana industry," said Greg Lambrecht, CEO of SinglePoint. "By offering cannabis dispensaries a full suite of marketing, advertising, payments and other services, SinglePoint can help improve dispensaries' business operations, build stronger customer relationships as well as increase sales and revenue. It's important to note that dispensaries are a primary objective; however we intend to market screens and advertising opportunities in various industries." "We're really excited by SinglePoint's vision to leverage our digital display expertise for the as-yet-untapped medical marijuana industry, which could potentially put our screens in thousands of legal dispensaries nationwide," said Ronald Gross, CEO for Drive Media Networks. "There are also some great synergies between our displays and SinglePoint's mobile marketing and payments offerings, including providing viewers with an immediate response and payment mechanism for the ads they view."
Read this news in full at http://finance.yahoo.com/news/singlepoint-inc-executes-letter-intent-120000912.html
Don't sleep on this news folks, it could give SING a kick start to help it continue its technical bounce higher.
All the best in the markets today.
PennyStockGeneral.com
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Traders,
As promised, our pick for today is Singlepoint, Inc (SING).
SING caught my attention a couple of days ago, and here is what I found...
At $0.022, it is priced very well right between its 50 and 200 day moving averages.
Just last week SING filled the gap from back in early 2014, held support and bounced higher.
We love this price action.
Combined with its low RSI and bullish MACD, the technical's looks great.
 So what about SING?
Marijuana Stocks have been cooling off lately after some big runs. This gives us a great opportunity to buy the weakness on some of the better pot plays.
Singlepoint, Inc.anticipates success for cannabis mobile payments in light of U.S. Government's issuance of rules for banks on dealing with legal Marijuana Vendors.
SinglePoint, Inc. is a state-of-the-art mobile technology company and full-service mobile marketing agency.
Singlepoint's Mobile Payment technology, which will include an array of products for marijuana industry player.
SING operates a best-in-class mobile commerce and communication platform specifically designed to serve the needs of the non-profit community as well as the for profit companies.
SING can make any campaign instantly interactive via the mobile phone.
The ease of functionality allows clients to conduct business transactions, accept donations and engage in targeted communication campaigns through any mobile devices by sending more messages, create more awareness, and raise revenues and donations.
And SING recently announced a partnership agreement with Worldwide Internet, Inc. and its affiliated company Green Company Holdings Inc., which will provide SinglePointTM access to its entire portfolio of holdings.
Green Company Holdings was recently announced as a subsidiary of Worldwide Internet, Inc. including a diversified portfolio of investments in the hemp and medical marijuana sectors.
Together SinglePointTM and Green Company Holdings will begin to implement and develop premier mobile marketing and mobile payment opportunities for the Medical Cannabis Industry via the subsidiaries.
"We are thrilled with the new partnership," states SinglePointTM CEO, Greg Lambrecht. "The partnership further solidifies our entry into the legalized Marijuana markets with our proprietary innovative payment solutions. As well, the relationship garners us an exponential increase inexposure to, and credibility with, potential clients in this multi-billion dollar sector, while providing connections in other verticals toward company growth."
You can learn more about Singlepoint, Inc (SING) at their website http://singlepoint.com
With the new Federal guidelines, financial institutions are highly likely to soften their positions.
But, despite the giant step taken by the Obama administration to clarify the situation, banks themselves still seem leery to "wheel and deal" in the marijuana business and change in federal law is inevitable.
In the meantime, those that do dive in will boost their profits -- and those of their partners, too.
For traders looking to get in on the action - without having to actually grow or sell drugs; SING could be one of the best derivitive plays in the growing marijuana sector.
Make sure SING is on your radar today.
The Team
PennyStockGeneral.com
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