SinglePoint Achieves Fully Reporting Status, Files Q2 Results Showing Significant Increase in Revenues
SinglePoint Inc. (OTCQB: SING) today announces its status as a fully reporting company by way of filing Form 10-12G and reports year-over-year improvements for the second quarter and six months ended June 30, 2018.
Second-quarter revenues increased nearly 100% compared to the same quarter of 2017. In the first six months of 2018, SinglePoint recorded over $500,000 in revenue as a result of several successful acquisitions. The company hopes to maintain this growth trend through its current business model.
Acquisitions have been a key factor in building a solid financial base, and SinglePoint intends to continue accelerating revenue growth through strategic acquisitions. Under this model, the company expects to grow organically and through larger investments and/or acquisitions.
“As a fully reporting company, I believe we will have additional opportunities to grow our existing businesses and potentially entertain larger acquisitions. We are excited to continue business with increased transparency and credibility. It took all of our efforts and attention to file the Form 10-12G, and we are now ready and able to fully focus on the deals in front of us,” stated CEO Greg Lambrecht.