SinglePoint (OTCQB: SING) today announced that it is ramping up its effort to meet in bound demand for hand sanitizer and other sanitizing products. According to the update, SinglePoint recently entered into an LOI that quickly progressed to a JV Agreement (“JV”) with Box-Bioscience that will provide both parties the capability to enhance supply and expand sales opportunities of hand sanitizer. With successful rollout of Klen, SinglePoint has been approached by larger retailers to supply bulk products, setting the stage for a JV between the two companies to supply hand sanitizer manufactured to current FDA guidelines. Box, with new sales and inquiries happening daily, has already completed orders with multiple accounts, including segments of Fortune 500 companies around the nation. “We are excited to work with SinglePoint to expand and grow our collective business. We have seen multiple Purchase Orders and we expect an increase over the coming months as many retailers and businesses change protocols around sanitizing,” Box Bioscience Founder Ryan Cowell said in the news release. “This is a true B2B play with nearly all businesses needing hand sanitizer for customers and employee’s protection.”
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About SinglePoint, Inc.
Founded in 2011 SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING
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