Technology development company AppSwarm (OTC: SWRM) provided an update today regarding the company’s joint venture with specialized holding company SinglePoint (OTC: SING). The two companies have completed development plans for a shared roll-out of mobile applications that specifically target issues in the cannabis space and provide solutions through Blockchain technology and Bitcoin payment options. The applications will be marketed under SinglePoint’s SingleSeed subsidiary and AppSwarm will provide application development and technical support. The companies will split revenue from all products through the joint venture 50/50. The companies intend to launch the first application in January 2018. “This JV with SinglePoint allows them unfettered access to all of the technology we currently have in-house, as well as what we are and will be developing in the near future. With the Crypto space expanding at mind-boggling speed it only makes sense to be partnering with such a prestigious industry leader in SinglePoint,” AppSwarm CEO Ron Brewer stated in the news release.
To view the full press release, visit http://cnw.fm/lBx8s
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. For more information, visit www.SinglePoint.com.
AppSwarm develops and publishes mobile gaming apps, with a focus on accelerating the development of free to play mobile games and fast-track them to market. The company partners with game developers through joint ventures, royalty agreements, marketing partnerships, and outright purchases through its publicly-traded company on the OTC Markets, ticker SWRM. For more information, visit www.App-Swarm.com.
More from CannabisNewsBreaks
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
For more information please visit https://www.CannabisNewsWire.com