Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced that its recently-acquired DIGS Hydro subsidiary has received a major purchase order from Premier Biomedical (OTCQB: BIEI). DIGS Hydro has already received the initial payment for this order, with final payment due upon delivery. “This opportunity for both SinglePoint and DIGS Hydro is fantastic,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We have been working very hard on making acquisitions and inside sales to boost revenues. To have this subsidiary execute on its business plan and generate major revenue for SinglePoint is exactly what we want to see.” DIGS Hydro, of which SinglePoint owns a 90 percent stake, is a provider of a variety of supplies and services targeted at the growing legal cannabis industry. In recent weeks, SinglePoint has acquired multiple companies in the cannabis space, and it is continuing to pursue additional acquisition opportunities in the wake of increased market attention and recognition. As a result, the company expects to report a significant increase in revenues in its second-quarter financial statements, per this morning’s update.
To view the full press release, visit http://nnw.fm/X4PoS
About SinglePoint, Inc.
SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed the company is providing products and services to the cannabis industry. For more information visit www.SinglePoint.com
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