Before the opening bell, Singlepoint, Inc. (OTC: SING) announced an extension of its strategic sales and marketing agreement with RedFynn Technologies, a point of sale and business solutions provider. As part of the newly-expanded agreement, RedFynn will provide Singlepoint with access to its expansive client base, which currently includes more than 150,000 accounts, effectively presenting Singlepoint with a sizable new audience in the non-profit space for its existing mobile payment products, including PaybyText™ and Text2Bid™. Notably, Singlepoint’s payment applications are specifically designed to meet the unique needs of the non-profit community, as they allow these organizations to seamlessly accept donations, conduct business transactions and engage in targeted communication campaigns.
Earlier this month, the expanded partnership between Singlepoint and RedFynn got off to a strong start when RedFynn introduced Singlepoint’s payment solutions to Mesa United Way. Following the introduction, Mesa United Way elected to join Singlepoint’s growing base of non-profit clients, entering an agreement on October 19, 2016, to implement both PaybyText™ and Text2Bid™ in order to more effectively manage future donations and better engage with its donors. Singlepoint’s management team has indicated that the Mesa United Way agreement could be the first of many partnerships to stem from the expanded RedFynn marketing program moving forward.
“We are optimistic that Mesa United Way is the first of many valued agreements and business developments that will emerge from our relationship with RedFynn,” Greg Lambrecht, chief executive officer of Singlepoint, stated in this morning’s news release. “As we continue to leverage this partnership and advance our growth strategies, we are confident that we will be able to report significant revenue opportunities from this new sales channel.”
Singlepoint’s expanded partnership with RedFynn comes as the company continues to approach its planned uplisting to the OTCQB Venture Market. In September, Singlepoint, alongside Houston-based PCAOB firm MaloneBailey, announced that it was in the final preparations of its corporate audit, as required to qualify for uplisting. Lambrecht offered an additional update on last week’s episode of MoneyTV with Donald Baillargeon, adding that, in order to better position Singlepoint for success following its uplisting, the company has decided to complete an audit of fiscal 2016 before filing its Form 10 with the U.S. Securities and Exchange Commission.
For more information, visit the company’s website at www.Singlepoint.com
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