Singlepoint Inc (OTCMKTS:SING) a leading marketer and developer of mobile ‘text2bid’ auction services reported CEO Mr. Greg Lambrecht will be participating in Rodman & Renshaw Annual Global Investment Conference to be held from September 8 to September 10 2015, in New York City.
The CEO said that they are thrilled to be attending the important conference. Capital formation is always a vital part of enhancing shareholder value, and the conference has an impressive historical track record with many investment bankers, media professionals, institutional analysts and fund managers attending event every year. Mr. Greg said that he is expecting this participation to be beneficial for the company.
The entity L. A. Davis & Associates released a research note on company last month. SinglePoint stock has come into focus after the company reported back in July that it finalized a non-binding LOI to acquire the technology and assets of Mobile Bidding Technologies, Inc., and its primary asset Text2Bid in a deal valued at $1.25 million in cash and stock.
The asset under matter is the leading mobile bidding solution in the industry. This deal enables company to initiate processing collected payments of Text2Bid through proprietary mobile payment technology. Mobile Bidding Technologies, Inc. recorded net revenue of $275,000 in FY2014.
The acquisition spree
Prior to this in June, SinglePoint reported that it finalized deals for the acquisition of GreenStar. The company is already positioning itself for strong success with two distribution partners in this industry capturing a market share of this booming market. Moreover, the CEO recently visited Cuba to commence the process of finalizing relationships expecting additional attractive market prospects when the embargo is lifted. SinglePoint management is confident that the deal will act as a win-win for company and its shareholders.
IN early morning trade on Friday, the stock price of Singlepoint Inc (OTCMKTS:SING) opened flat and is trading close to $0.00600.