Singlepoint, Inc. (SING) Establishes Stronger Foothold in Growing Global Mobile Payments Market
Mobile technology company and full-service mobile marketing agency Singlepoint continues to aggressively harvest growth through sales, strategic mergers, and well-branded service offerings in a market that is primed for exponential growth. Earlier this month, Singlepoint finalized its acquisition of certain assets of payment gateway services company Six Sigma Services, Inc. (Sigma), including $1,137,123 year-to-date revenues, contracts, and intellectual property. In return, Sigma received 4 million restricted shares of Singlepoint. Alongside revenue benchmarks to be met by Sigma, the company has the rights to an additional 16 million restricted shares of Singlepoint common stock to be issued in tranches. Benchmark figures…