Published On: Tue, Apr 19th, 2016

The Early Bird Gets the Worm

SinglePoint, Inc. (OTC: SING) is no stranger to niche market disruption. They’ve specialized in providing mobile marketing and payment services for fundraisers through their unique technology suite for years. Recently, the company has taken an interest in diversifying through its unique acquisition rollup strategy, which has led the company to acquire Text2Bid (a mobile auction company), and a couple of different daily fantasy sports companies. These acquisitions have received board approval and are on the fast track to completion.

Let’s focus on the daily fantasy sports companies. This industry has been hot. Mark Cuban has personally made private placement funding deals in the industry and has warned politicians they won’t be able to slow the industry down. This is the owner of the Dallas Mavericks, amongst other things, and he is taking a personal stake in this industry. Prolific investors like Mr. Cuban don’t step into deals to lose money, if history teaches us anything. What does this mean for SinglePoint? Good question. SinglePoint is the first publicly traded company to give investors an opportunity to ‘own a piece’ of the daily fantasy sports market, so to speak. The company’s board has approved the closure of two acquisitions in the sector and is seeking out more. Additionally, the company’s background synergizes amazingly with the industry and allows more efficient payment processing and mobile marketing potential as well.

With the company being the only publicly traded daily fantasy sports opportunity in addition to its continued acquisition strategy opening the door to more opportunities, it seems SinglePoint could truly be the early bird this go around.

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