NetworkNewsBreaks – SinglePoint, Inc. (SING) Ann
Post# of 1134
(Total Views: 539)
Posted On: 10/17/2017 7:00:47 PM
NetworkNewsBreaks – SinglePoint, Inc. (SING) Announces Acquisition of Profitable Denver-Based Company
Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its acquisition of a 51 percent stake in JAG, a Denver-based group. Through July 2017, the newly-acquired JAG recorded $600,000 in revenue with gross margins of roughly 26 percent. These results followed full-year 2016 revenue of $700,000 and continued to build on the company’s trend of consistently achieving year-over-year growth since commencing operations in 2014. “We are very excited for this opportunity as it dramatically increases SinglePoint revenues and profitability,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We look forward to continuing investing in and growing SinglePoint’s operations while acquiring other companies to generate additional growth. With this latest investment, we are properly capitalized, better than ever before, and will aggressively push forward on both internal and external growth opportunities.” With this latest announcement, SinglePoint has now closed on four acquisitions year-to-date. This aggressive diversification strategy coincides with SinglePoint’s ongoing efforts to develop an internal mobile application geared at companies that offer last-mile delivery services.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its acquisition of a 51 percent stake in JAG, a Denver-based group. Through July 2017, the newly-acquired JAG recorded $600,000 in revenue with gross margins of roughly 26 percent. These results followed full-year 2016 revenue of $700,000 and continued to build on the company’s trend of consistently achieving year-over-year growth since commencing operations in 2014. “We are very excited for this opportunity as it dramatically increases SinglePoint revenues and profitability,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We look forward to continuing investing in and growing SinglePoint’s operations while acquiring other companies to generate additional growth. With this latest investment, we are properly capitalized, better than ever before, and will aggressively push forward on both internal and external growth opportunities.” With this latest announcement, SinglePoint has now closed on four acquisitions year-to-date. This aggressive diversification strategy coincides with SinglePoint’s ongoing efforts to develop an internal mobile application geared at companies that offer last-mile delivery services.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)Singlepoint, Inc. (SING) Stock Research Links
Scroll down for more posts ▼