Published On: Wed, Sep 25th, 2013

SinglePoint, Inc. (OTCPINK:SING) Announced Acquisitions of Assets, $1m+ in Revenues of Six Sigma Services, Inc.

SinglePoint, Inc. (OTCPINK:SING), a mobile technology and marketing company announced Tuesday, September 17th, that it has finalized the acquisition of assets from Six Sigma Services, Inc..  These assets include $1,137,123 in revenues, multiple contracts and intellectual property.  The transaction was settled in an ‘all stock’ deal for 4 million restricted shares of SinglePoint.

SinglePoint CEO, Greg Lambrecht, stated in the company’s press release dated September 17th, “The acquisition of the Six Sigma assets and contracts equate to almost immediate additional revenues for SinglePoint. It also gives us additional access to the mobile payments market worldwide.  We service a strong and growing sector in the payments industry and I am confident that the agreement between SinglePoint and Sigma will add significantly to our bottom line.”

Sigma, a payment gateway services company with customers worldwide, currently retains the rights to 16 million restricted shares of SinglePoint Inc.’s common stock to be issued in tranches alongside revenue benchmarks of $500,000, $750,000, $1,000,000 and $2,000,000 that Sigma must meet.

SinglePoint intends on updating shareholders with developments as it continues to grow sales, mergers and service offerings.

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