Business
AppSwarm and SinglePoint Sign LOI to Launch Cannabis-Focused Applications
AppSwarm and SinglePoint Sign LOI to Launch Cannabis-Focused Applications.
About this update from Appswarm, Inc.
[{"type":"text","content":"\n \n \n AppSwarm and SinglePoint Sign LOI to Launch Cannabis-Focused Applications\n \n \nAppSwarm and SinglePoint Sign LOI to Launch Cannabis-Focused Applications\n \n TULSA, OK--(Marketwired - Oct 25, 2017) - AppSwarm, Inc. (OTC PINK: SWRM) (\"the Company\"), a technology company specializing in the accelerated development and publishing of mobile apps, has entered into a Letter of Intent with SinglePoint (OTC PINK: SING) to conduct a shared roll-out of mobile applications specifically geared to the cannabis industry. The applications will be modeled and marketed under SinglePoint's SingleSeed subsidiary (www.SingleSeed.com), while AppSwarm (www.app-swarm.com) will provide the necessary technical support and application development. \n The cannabis market is apt for technology that can advance productivity and workflows. AppSwarm and SinglePoint 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 created will also modernize the consumer experience by adding in SinglePoint's payment features, as well as a multitude of other functionalities.\n This LOI with SinglePoint comes on the heels of our announcement regarding the development of a mobile, \"last-mile\" delivery service app for local grocery stores and pharmacies.\n \"Last mile\" pertains to the movement of people and/or goods from a transportation hub to a customer's home. The demand for web-based applications and on-demand personalized delivery is reaching unprecedented levels, positioning last-mile delivery as a vital component of modern supply chain management.\n 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.\n \"We are very excited to be working within this proprietary space. The added pedigree of SinglePoint, along with its solid financial backing makes this a game changer for our Company. This is a great opportunity for both companies, as it allows us to leverage one another's know-how and grow together,\" stated AppSwarm CEO Ron Brewer.\n ...