$SING on watch today. Don't miss the news on Acqui
Post# of 35498
Posted On: 11/24/2015 8:50:23 AM
$SING on watch today. Don't miss the news on Acquiring Text2Bid(TM)! SinglePoint Signs Agreement to Acquire Text2Bid(TM)
http://finance.yahoo.com/news/singlepoint-sig...00181.html
SEATTLE, WA--(Marketwired - Nov 12, 2015) - SinglePoint Inc. (OTC: SING) announces today that it has fully executed its Agreement to acquire Text2Bid™ for $1.25m. The deal was finalized at Text2Bid headquarters in Seattle, WA.
Text2Bid is a dynamic mobile and payment solutions company partnered with Maestro Software and Text-A-Day and is the world's leading provider of mobile auction technology.
The Company is already profitable and operates over 400 auctions per year generating over 10 million dollars for its users. The Company has shown cumulative growth year after year for the past five years and the acquisition by SinglePoint would enable the company to start processing the collected payments through SinglePoint's proprietary mobile payment technology.
SinglePoint CEO Greg Lambrecht is currently negotiating with Investment Bankers to structure the best deal moving forward in satisfying the terms of the Agreement.
The auction industry is an $18 billion industry, currently underserved in the SaaS market. SinglePoint is gearing to change that with the implementation of Text2Bid and Pay by Text™ technologies. As previously released, Ken Kleve, President and COO of Maestro Software, states, "Text2Bid has changed the landscape of auction fundraising and continues to grow exponentially year over year. We are thrilled with the potential of this acquisition. SinglePoint's technology and development expertise will allow us to take Text2Bid to the next level."
Text2Bid turns a traditional silent auction into a mobile enabled interactive experience. Auctions using Text2Bid have seen, on average, a 28% increase in amounts donated over previous years when not using the service.
As well, SinglePoint has made tremendous progress on its recently announced Sports Fantasy rollup initiative and has entered into discussions with a Sports Fantasy Business identified by its strategic advisor, Dynasty Dealings, for possible acquisition.
http://finance.yahoo.com/news/singlepoint-sig...00181.html
SEATTLE, WA--(Marketwired - Nov 12, 2015) - SinglePoint Inc. (OTC: SING) announces today that it has fully executed its Agreement to acquire Text2Bid™ for $1.25m. The deal was finalized at Text2Bid headquarters in Seattle, WA.
Text2Bid is a dynamic mobile and payment solutions company partnered with Maestro Software and Text-A-Day and is the world's leading provider of mobile auction technology.
The Company is already profitable and operates over 400 auctions per year generating over 10 million dollars for its users. The Company has shown cumulative growth year after year for the past five years and the acquisition by SinglePoint would enable the company to start processing the collected payments through SinglePoint's proprietary mobile payment technology.
SinglePoint CEO Greg Lambrecht is currently negotiating with Investment Bankers to structure the best deal moving forward in satisfying the terms of the Agreement.
The auction industry is an $18 billion industry, currently underserved in the SaaS market. SinglePoint is gearing to change that with the implementation of Text2Bid and Pay by Text™ technologies. As previously released, Ken Kleve, President and COO of Maestro Software, states, "Text2Bid has changed the landscape of auction fundraising and continues to grow exponentially year over year. We are thrilled with the potential of this acquisition. SinglePoint's technology and development expertise will allow us to take Text2Bid to the next level."
Text2Bid turns a traditional silent auction into a mobile enabled interactive experience. Auctions using Text2Bid have seen, on average, a 28% increase in amounts donated over previous years when not using the service.
As well, SinglePoint has made tremendous progress on its recently announced Sports Fantasy rollup initiative and has entered into discussions with a Sports Fantasy Business identified by its strategic advisor, Dynasty Dealings, for possible acquisition.
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