$SING In the meantime, SinglePoint is executing its three-pronged growth strategy for 2017. In accordance with its plan, the company has eliminated its debt and is now focused on leveraging its stock performance to acquire companies and raise capital.

"We wanted to pay off all our debt, which we have done. The second thing is we want to use the power of our stock and our volume and our price increase to acquire companies. We are in the process of either an LOI or term sheet with three companies right now. The final thing is we want to use the stability of the stock to raise money, and we are currently raising money - and doing quite well at it - which is going to help with the acquisitions. Those three things are what we are focused on," explains Lambrecht.

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