SinglePoint, Inc. (SING)

SinglePoint_HORIZ-1501SinglePoint, Inc is a technology company that develops and sells mobile business platforms. Its products allow businesses to accept mobile payments, implement text message marketing, and conduct mobile auctions. The company has also created a solutions provider specifically for businesses in the cannabis industry.

The trademarked Pay by Text technology is SinglePoint’s general payment solution that can be used by customers with mobile phones. It has a mobile landing page that works like an app for customers to view available items, then they can purchase by sending a text message. Singlepoint charges 5% per transaction.

Meanwhile, the Text2Bid technology, also trademarked, allows customers to bid in an auction using their text- or web-enabled phone. The system also notifies bidders of bidding activity and related updates.

Other products of SinglePoint are cashless ATM terminals and the TextaDay text message marketing and donation system.

SinglePoint’s entrance to the medical marijuana industry is marked by its subsidiary SingleSeed Payments, which is a leading provider of business solutions to the industry. Its services are specialized versions of SinglePoint technologies such as the cashless ATMs, pay by text, and text message marketing.

Founded in 2006 as Lifestyle Wireless, Inc, SinglePoint became Carbon Credits International, Inc (CCI) in 2011. Both Lifestyle Wireless and CCI also delved in mobile commerce technologies. Then in 2013, the company changed to its current name.

SinglePoint, Inc is now publicly traded in OTC markets as SING, with a market value of USD 3.27 M. It has offices in Arizona and Washington. Its executive team is composed of Greg Lambrecht, Founder, CEO, and President; Eric Lofdahl, CTO; Vara Prasad Boddu, Director of Business Development; Martha Burkard, COO; and Wil Ralston, VP of Sales and Marketing.


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