Singlepoint Inc (OTCMKTS:SING) and, RedFynn Technologies have reached an agreement for the extension of a marketing agreement first signed in November 2014. Under the terms of the agreement, the provider of marketing solution is to introduce SinglePoint’s products to new United Way branches as well as charities.
New Sales Channels
RedFynn Technologies has also agreed to accord the full-service mobile technology company access to its more than 150,000 client accounts. SinglePoint expects the opportunity to go a long way in expanding the market target for its mobile payment products.
SinglePoint CEO, Greg Lambrecht, is also confident that the new agreement will lead to new revenue opportunities for the creation of new sales channels.
“We are optimistic that Mesa United Way is the first of many valued agreements and business developments that will emerge from our relationship with RedFynn,” said Mr. Lambrecht
The company boasts of a suite of solutions that nonprofits can use to conduct business transactions as well as accept donations from various organizations and groups. RedFynn founder, Shane Hurley, has already echoed his commitment to helping SinglePoint identify new clients as well as new markets for its products.
Text2Bid Acquisition
Meanwhile, SinglePoint has completed the acquisition of assets and technology belonging to Mobile Bidding Technologies as it continues to bolster its product portfolio. With the acquisition, the company has gained access to a leading mobile bidding solution, Text2Bid. The company remains confident of using the app to take a piece of the $18 billion a year auctioning industry.
Unlike other products available in the market, Text2Bid relies on a single user interface, which essentially means it can work with any smartphone. Singlepoint Inc (OTCMKTS:SING) is now planning to use the app to take on other players in the industry as the future of auction’s switches to smartphones. Given that the app can support multi-day events without any user limit, the company believes it will be a choice for people looking to take part in any kind of auction online regardless of the device of use.
