SEATTLE, March 29, 2018 (GLOBE NEWSWIRE) -- SinglePoint (OTCQB:SING) announces LastMile Delivery, a platform
giving small businesses and cannabis delivery companies a solution to efficiently manage deliveries. This is the first app launched
under SinglePoint’s joint venture with AppSwarm (OTC:SWRM). The two companies have closely worked together to define and launch a
scalable service geared toward providing an agnostic platform for delivery businesses to accept orders, locate drivers and keep
records of each delivery every step of the way, from initial manifest to completion of delivery product. The application is
currently under review, and it is anticipated it will be approved for beta testing in app stores soon. Once official acceptance
occurs, SinglePoint and AppSwarm will launch beta testing, implement feedback and launch the production service. The companies
estimate production should occur within 45 to 60 days.
The current status quo in the cannabis delivery space is to simply keep hand and electronic records of delivery
manifests. LastMile aims to automate this for delivery services and provide a way to simply keep track of and verify all delivery
activities. Many states require these businesses to keep all delivery records, but there is not currently a standout provider to
make the process efficient. SinglePoint and AppSwarm believe that LastMile will increase the efficiency of delivery services as
well as sales for cannabis businesses through use of order-ahead capabilities and enabling customers to locate the service nearest
to them.
LastMile Delivery will provide the tools for cannabis delivery businesses to have an Uber-like feel when it
comes to their orders and deliveries. Many state laws prevent simply letting any contract driver deliver cannabis; drivers must
have credentials and licenses to deliver cannabis. LastMile will provide drivers with an easy, convenient way to verify both their
own credentials and the credentials of patients who are receiving deliveries, enabling businesses to use their own drivers or
credentialed drivers who are licensed to pick up and deliver cannabis.
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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 subsidiaries, thereby providing a rich, diversified holding base.
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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.
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