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SinglePoint Inc. Announces Additional Investment Into StakeHaul

SinglePoint Inc. (OTCQB: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.

The StakeHaul platform is the future of social betting. The platform 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, consistent double-digit percentage growth in both monthly active users, and bets placed on the platform. The company 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 SingleSeed, the company is providing products and services to the cannabis industry.

Connect with SinglePoint on social media at:

https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com 

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.

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.

Corporate Communication
SinglePoint Inc.
855-711-2009
info@SinglePoint.com
SinglePoint.com

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StakeHaul Accepts Invite To Pitch At FreedomFest

StakeHaul is pleased to accept an invitation from the Angel Investors Network to pitch in The Pitch Tank competition! The competition will be held in Las Vegas during FreedomFest.

The judges of the competition are Steve Forbes, Kevin Harrington, John Mackey, Bernt Ullmann, and Greg Writer. These are all highly successful entrepreneurs that will hear why StakeHaul is the top-rated social betting platform!

The competition starts with the preliminary round, where our Founder & CEO, Jeff Lippert, will deliver a live investor pitch to our judges. The judges discuss and evaluate each presentation on a 1-10 scale, with 10 being the best.

After the preliminary round, the top five rated companies pitch in front of the entire FreedomFest audience on the Main Stage.

Last year, over 2,000 people attended this competition. Clearly, this is an opportunity that doesn’t come around often.

Look out for social media updates during the festival. Also, if you happen to be at FreedomFest, come say hi! We have a booth and look forward to meeting you.

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SinglePoint Discusses StakeHaul and the SCOTUS Sports Betting Ruling

The Professional and Amateur Sports Protection Act (“PASPA”) that effectively outlawed sports betting in the U.S. was recently struck down by the U.S. Supreme Court. This means that individual states can choose to regulate sports betting as they see fit.

As you already know, SinglePoint, Inc. (SING) was our first investor, and they invested before PASPA was struck down.

Greg Lambrecht (CEO & Founder) and Wil Ralston (President) share their thoughts and excitement in looking toward the future of our social betting platform.

To learn more about SinglePoint, please click here.

Supreme Court Decision Empowers States to Take Action on Sports Betting; SinglePoint Announces Investment in No. 1 Ranked Social Betting App StakeHaul

SEATTLE, May 15, 2018 (GLOBE NEWSWIRE) — via NetworkWire – SinglePoint, Inc. (OTCQB:SING), on the heels of the Supreme Court overturning a 1992 federal law prohibiting sports betting in 46 states, announces it has invested in an additional betting platform, StakeHaul, the No. 1 social betting app in the iTunes App Store.

SinglePoint has been in the daily fantasy sports arena since March of 2016, when the company invested in GoDraft and DraftFury. With the recent Supreme Court vote, SinglePoint is excited to work closely with StakeHaul to penetrate the betting industry, which has a potential value of $150 billion, according to the American Sports Betting Coalition. SinglePoint has already established a payments option, and the two companies have been working to define the use of Ethereum smart contracts within the application. StakeHaul focuses on peer-to-peer social betting.

Download StakeHaul for iOS or Android and start playing today.

In a 6-3 ruling, the Supreme Court overturned the 1992 federal law that previously prohibited gambling on the outcome of sports events at the state level, once again making SinglePoint’s investments in GoDraft and DraftFury viable opportunities. In May 2016, SinglePoint invested in DraftFury, which has an industry leading 7-level referral program and was establishing major traction when it launched. SinglePoint is hopeful that with the new regulations in place, these companies will resume their hypergrowth trajectories as states across the country prepare to quickly move forward to offer sports betting.

“We have placed the company into multiple emerging markets that have huge growth potential,” states SinglePoint President Wil Ralston. “While we will continue to focus on cannabis and blockchain opportunities, we are excited that the Supreme Court has ruled in favor of sports betting legalization, giving the companies we have a stake in the opportunity to compete with the industry leaders again. We will continue to look for opportunity in the newly legalized sports betting arena.”

Previously, this market has been ruled by two major groups: DraftKings and FanDuel. SinglePoint believes there is an opportunity to tap into this market. StakeHaul provides a different approach and believes it can penetrate the huge betting market, and, as the No. 1 downloaded social betting app on the iTunes App Store, it has already shown its capabilities to do so.

SinglePoint will work collaboratively with StakeHaul to help facilitate the opportunity of using SinglePoint’s crypto-based payment solution within the application. Having the ability to transact in crypto payments provides SinglePoint another avenue to jumpstart users transacting with bitcoin.

SinglePoint will also continue focusing on the cannabis and blockchain markets. The company believes this Supreme Court ruling could additionally benefit cannabis, making it less scrutinized at the federal level and further empowering states, just as Monday’s sports betting ruling has done.

About SinglePoint, Inc.

SinglePoint, Inc (SING) is a technology 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, daily fantasy sports, 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.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com

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.

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.

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Source: SinglePoint, Inc.