Business
SinglePoint Expands Roster of Strategic Agreements and Joint Ventures, Covers Upcoming Key Initiatives in Recap of a Successful 2017
SinglePoint Expands Roster of Strategic Agreements and Joint Ventures, Covers Upcoming Key Initiatives in Recap of a Successful 2017.
About this update from Smart Cannabis Corp.
[{"type":"text","content":"\n\n SEATTLE, Dec. 12, 2017 (GLOBE NEWSWIRE) -- SinglePoint, Inc. (OTC:SING) today announces key advances in its corporate mission with the launch of additional joint ventures and the closing of new deals within existing agreements. SinglePoint has achieved considerable growth in 2017, and management today also provides a recap of achievements over the last year, as well as details key initiatives for 2018.\n Strategic Agreements and Joint Venturesz Strategic acquisitions and partnerships play an integral role in SinglePoint’s expansion strategies. The Company is pleased to report that it has formalized its previously announced joint-venture agreement and made the first payment to AppSwarm (OTC:SWRM) to start development on a proprietary delivery application that will enable licensed delivery services and licensed dispensaries to safely make in home deliveries. This agreement specifically strengthens SinglePoint’s position in the cannabis and cryptocurrency markets. SinglePoint has also signed an agreement with Global Payout (OTC:GOHE), a leading provider of comprehensive and customized financial technology solutions for domestic and international organizations, to advance and streamline the process involving the delivery of payment applications. Global Payout’s majority owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”) is at the forefront of developing a variety of payment solutions within the multibillion dollar cannabis industry and has executed a number of partnerships in recent months that has significantly expanded their network within one of the fastest growing industries. It is SinglePoint’s intent to leverage its expertise in mobile payments and other mobile offerings to further optimize MTRAC’s technology platform and bring additional value to their services. “Through strategic joint ventures and inside development of applications we are pushing hard on providing a compliant solution to the cannabis industry. Our team and others have worked well in collaboration, and believe we are not far away from an official launch of this solution in the first quarter of 2018. This will be a major step for SinglePoint and our partners,” states SinglePoint President Wil Ralston. SinglePoint also recently entered in a multi-phase joint venture with Smart Cannabis Corp. (OTC:SC...