SEATTLE, WA - October 17, 2017 (Investorideas.com Newswire) SinglePoint, Inc. (OTC:SING) ("the Company") today announces its acquisition of Denver-based group, JAG, and offers an update on several corporate initiatives. Through July 2017, JAG recorded $600,000 in revenue with approximately 26% gross margins, following full-year 2016 revenue of $700,000. JAG has achieved year-over-year growth since starting its operations in 2014, and moving forward will provide SinglePoint consistent, predictable monthly revenue. Per the agreement terms, SinglePoint will acquire fifty-one percent (51%) of JAG in a combination of cash and stock, which will allow the Company to recognize all revenues.
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