In Route to Becoming Fully Reporting, SinglePoint Up-Lists to OTCQB and adds Former Amazon GM as Additional Board Member
February 14th, 2018
News, Top News
SEATTLE, Feb. 14, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — SinglePoint Inc. (SING) provides shareholder update on recent OTCQB up-list, company overview and adding key board member to help guide company technology initiatives. SinglePoint is currently engaged with auditor to complete 2017 audit and become fully reporting soon. Becoming fully reporting should increase the exposure of SinglePoint to institutional investors for direct investment as well as through the open market. In addition to this the company looks to increase transparency and credibility for its shareholders and ultimately increase the value of SinglePoint.
A requirement of the company’s move to the OTCQB Venture Markets was to add an additional board member. SinglePoint has added previous Amazon General Manager and current F5 Networks Senior Vice President Venugopal Aravamudan. Mr. Aravamudan has a 25+ years tenure in the technology sector growing and leading significant businesses at companies such as Microsoft, VMware, Amazon and now F5 networks Inc. Most recently,at Amazon, Mr. Aravamudan ran a significant portion of the Amazon Web Services Relational Database Systems services managing large teams and significant revenues. Currently he is Senior Vice President and General Manager at F5 Networks and responsible for their next generation cloud services offerings.
“I am excited to join the board at SinglePoint and help them accelerate leveraging technology such as Blockchain and Cloud Computing to deliver business services at a large scale. Singlepoint has great assets and people to help them build differentiated and global capabilities and I look forward to helping them get to this next level.”
Management believes bringing on such a high-powered board member that is well connected both locally and internationally will help lead SinglePoint to its overall company goals. Mr. Aravamudan has committed to making accretive introductions to the company leveraging cloud computing capabilities that will accelerate the capability for Singlepoint to deliver BlockChain enabled solutions.
“We are very happy Mr. Aravamudan has joined us. This gives us the expertise we need for accelerating the right set of technology based Joint Ventures, Acquisitions and other interesting Big Data plays that unlock the potential for blockchain applications,” states SinglePoint President Wil Ralston.
The company has started video updates and looks to release these as updates permit. Follow this link to see the inaugural video. Note – Since the filming of this segment SinglePoint has successfully up-listed to the OTCQB Venture Markets. SinglePoint Inaugural Video Update
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.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
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