$SING exciting news out!! SinglePoint Bets on Sports Fantasy Industry With Strategic Agreement for Rollup Acquisition
http://finance.yahoo.com/news/singlepoint-bet...00038.html
SEATTLE, WA--(Marketwired - Nov 10, 2015) - SinglePoint Inc. (OTC: SING), a state-of-the-art mobile technology and full-service mobile marketing company, has entered into a material agreement with Darren Heitner's Dynasty Dealings to identify fantasy sports gaming start-ups ripe for acquisition in an overall rollup acquisition strategy.
Darren Heitner of Dynasty Dealings and Heitner Law PLLC will be responsible for spearheading a funding and acquisition strategy beginning with companies in client base and personal network. The agreement was recently signed and Heitner has already identified ten companies ready for negotiation.
SinglePoint CEO Greg Lambrecht states, "This is a fantastic opportunity that complements our business model in a manner which is both unique and organic, in a space that has seen over $1b of venture capital funding since 2009. SinglePoint shareholders will now have the potential for investment in this exciting space."
Key Statistics:
-59 Million people playing in USA and Canada
-$465 spend per person per year on average
-37% use growth rate since 2013
Major Investments:
-Over $1b invested in fantasy sports companies to date
-FanDuel - $361 million from Comcast NBC and TimeWarner
-DraftKings - $626 million led by Fox Sports Legality
-Fantasy gaming companies can legally pay their users because the federal government does not define fantasy sports as gambling.
In 2014, nearly $11 Billion was spent on Fantasy Football alone. An acquisition in the space would create an immediate passive income stream utilizing SinglePoint's mobile payments technology.
More to come as negotiations take place toward building a portfolio of companies in this space. In the interim, SinglePoint is completing diligence to finalize the acquisition of Text2Bid, the world's leading mobile auction software provider (details previously announced).
As well, SinglePoint will begin an aggressive campaign into 2016 to make acquisitions in the mobile space; revenues and technology will be key drivers behind targeted companies.
http://finance.yahoo.com/news/singlepoint-bet...00038.html
SEATTLE, WA--(Marketwired - Nov 10, 2015) - SinglePoint Inc. (OTC: SING), a state-of-the-art mobile technology and full-service mobile marketing company, has entered into a material agreement with Darren Heitner's Dynasty Dealings to identify fantasy sports gaming start-ups ripe for acquisition in an overall rollup acquisition strategy.
Darren Heitner of Dynasty Dealings and Heitner Law PLLC will be responsible for spearheading a funding and acquisition strategy beginning with companies in client base and personal network. The agreement was recently signed and Heitner has already identified ten companies ready for negotiation.
SinglePoint CEO Greg Lambrecht states, "This is a fantastic opportunity that complements our business model in a manner which is both unique and organic, in a space that has seen over $1b of venture capital funding since 2009. SinglePoint shareholders will now have the potential for investment in this exciting space."
Key Statistics:
-59 Million people playing in USA and Canada
-$465 spend per person per year on average
-37% use growth rate since 2013
Major Investments:
-Over $1b invested in fantasy sports companies to date
-FanDuel - $361 million from Comcast NBC and TimeWarner
-DraftKings - $626 million led by Fox Sports Legality
-Fantasy gaming companies can legally pay their users because the federal government does not define fantasy sports as gambling.
In 2014, nearly $11 Billion was spent on Fantasy Football alone. An acquisition in the space would create an immediate passive income stream utilizing SinglePoint's mobile payments technology.
More to come as negotiations take place toward building a portfolio of companies in this space. In the interim, SinglePoint is completing diligence to finalize the acquisition of Text2Bid, the world's leading mobile auction software provider (details previously announced).
As well, SinglePoint will begin an aggressive campaign into 2016 to make acquisitions in the mobile space; revenues and technology will be key drivers behind targeted companies.
