SinglePoint (OTCQB: $SING)
Invests; StakeHaul Adds Payments and Gears Up for Week 1 NFL
SEATTLE
- September 5, 2018 (Investorideas.com Newswire) SinglePoint Inc. (OTC:SING) announces an
additional investment into StakeHaul, the No. 1 peer-to-peer betting
application. StakeHaul offers a unique way for individuals to bet on anything,
from the NFL week one matchups to who will win your weekend’s round of golf.
Read this in full at https://www.investorideas.com/CO/SING/news/2018/09051StakeHaul.asp
The
StakeHaul platform is the future of social betting. StakeHaul is currently on
the Apple App Store and the Google Play store and is the #1 ranked app for all
of your bets against your friends. StakeHaul has had over 70,000 lifetime
downloads and consistent double-digit percentage growth in both monthly active
users and bets placed on the platform. StakeHaul is finalizing testing for a
new peer-to-peer payment model for lost bets in both USD and cryptocurrency,
which will be a first in the industry.
StakeHaul
is well positioned to take advantage of an evolving $150B betting industry now
that the U.S. Supreme Court in May 2018 struck down the Professional &
Amateur Sports Protection Act (commonly known as "PASPA"). Prior to
this, 70% of Americans favored the legalization of betting.
Over
one-third of all Americans bet on at least one sports event annually. In the
case of millennials, that number increases considerably, with millennials
betting on something at least once annually. Ninety-seven percent of Americans
that bet make more bets outside of casinos than at the casino.
StakeHaul
has a patent pending on the technology and the processes behind the betting
model, which started in March 2017. "All in all, our unique features, our
ease of use, and the legal momentum behind betting in the U.S. makes our
opportunity not just a home run, but a grand slam," states Jeffery
Lippert, founder of StakeHaul.
About SinglePoint, Inc.
SinglePoint,
Inc (SING) is a technology and investment company with a focus on acquiring
companies that will benefit from the injection of growth capital and technology
integration. The company portfolio includes mobile payments, ancillary cannabis
services and blockchain solutions. Through acquisitions into horizontal
markets, SinglePoint is building its portfolio by acquiring an interest in
undervalued companies, thereby providing a rich, diversified holding base.
Through
its subsidiary company SingleSeed, the company is providing products and services to the
cannabis industry.
Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
Forward-Looking Statements
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.
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.
Singlepoint.com
Source:
SinglePoint Inc.
Disclosure: SinglePoint, Inc. (OTC: $SING) is featured on the
420 Cannabis Investor Ideas of 2017 at www.420cannabisinvestorideas.com
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