SinglePoint, Inc. Announces Comprehensive Merchant and Loyalty Suite for Cannabis, Medical Marijuana Businesses
20 February 2014 - 1:10AM
Marketwired
SinglePoint, Inc. Announces Comprehensive Merchant and Loyalty
Suite for Cannabis, Medical Marijuana Businesses
PHOENIX, AZ--(Marketwired - Feb 19, 2014) - SinglePoint, Inc.
(OTC: SING), a state-of-the-art mobile technology company and
full-service mobile marketing company, announces a complete suite
of technological offerings with marketing, loyalty/branding and
payment solutions for the legalized Cannabis, Medical Marijuana
industry.
Last week, the Obama administration released U.S. government
initiatives to ease banking concerns on banks wanting to do
business with those that legally sell marijuana. SinglePoint
CEO, Greg Lambrecht, states, "This is huge for SinglePoint; a big
step in the right direction toward realizing a potential lucrative
revenue stream on what looks to be an inevitable shift in
legislation."
SinglePoint's all-in-one solution will now handle four different
services dedicated to the sale of medical cannabis. SinglePoint's
product suite will provide Medical Cannabis dispensaries a
user-friendly platform with mobile marketing services, dispensary
loyalty cards, mobile payments via text message, and payments via
point-of-sale terminals.
Recently, SinglePoint announced that it has prepared to
integrate mobile payment systems for the legalized Cannabis
Industry in light of rapid industry growth, and widening social
acceptance of a drug that not too long ago was recognized as
taboo.
"Response was tremendous," says Lambrecht. "We posted our
announcement and the next day we were taking meetings with
dispensary owners, in person and via phone, in preparation for what
we feel will result in a ground-floor opportunity for SinglePoint
to expand its brand."
Under the current rules, "every financial institution will have
to make its own risk assessment and decide whether it makes
businesses sense," said an administration official. "While it may
not reassure every bank, we're proving an opening for those who
want to serve this sector."
Lambrecht agrees, as he stated last week, "This impacts us
directly in terms of overall potential for growth in the Cannabis
industry as we have launch-ready products positioned to improve
overall efficiency for both buyers and sellers of legalized (State)
Marijuana, including our mobile payments IP."
Medical marijuana is now legal in 20 states, and legislation is
pending in 13 others. It's become a $1.5-billion-a-year industry,
and it's expected to triple in just a few years.
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Check out Greg Lambrecht on MoneyTV
About SinglePoint,
Inc. Headquartered in Phoenix, AZ, SinglePoint, Inc. is a
state-of-the-art mobile technology company and full-service mobile
marketing agency. We operate 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. We
make any campaign instantly interactive via the mobile phone. This
functionality allows our clients to conduct business transactions,
accept donations and engage in targeted communication campaigns
with their customers/donors through any mobile devices. Send more
messages, create more awareness, and raise revenues and
donations.
For more information see www.singlepoint.com
Forward-Looking Statements Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or
update any forward- looking statements to reflect events or
circumstances after the date of this release.
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