NetworkNewsWire has posted an editorial featuring Singlepoint Inc (OTCMKTS:SING). In mid-January, the company reported a deal with Kevin Harrington, who is famous as the father of the informercial. Harrington attention on Singlepoint is the testament to the firm’s increasing brand visibility; its capability to close a partnership is just one instance of management’ focus on business development.
Earlier, SinglePoint has filmed a television commercial planned for a first-quarter national release, which showcases Harrington as spokesperson for company’s crypto-currency segment. The campaign intends to air the Harrington commercial on prime financial news networks, including Fox News and CNN as well as on major web outlets. Harrington will apprise viewers of the many benefits of company’s payment app mobile wallet.
In unrelated news, Singlepoint reported its Letter of Intent with ORHUB INC (OTCMKTS:ORHB) to advance a blockchain services offering for health care applications. Latter’s surgical resource management software is changing the way hospitals manage operating room data, allowing dramatic declines in supply chain costs.
The company will develop and design for ORHub blockchain-based offerings as an add on to improve the value of data amassed by the respective operating room software platform. As per the latest update, ORHub has agreed to involve SinglePoint for initial development costs of up to $750,000. SinglePoint considers this is the first of several contracts that it will deploy in the blockchain development segment.
SinglePoint has focused its activities to grow from a mobile technology provider unit to a publicly traded holding firm. It has been diversifying into horizontal markets and expanding its portfolio by acquiring a stake in undervalued subsidiaries.
In the last trading session, the stock price of SinglePoint gained 0.57% to close the day at $0.0704. The gains came at a share volume of 1.69 million compared to average share volume of 10.28 million.