Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced the acquisition of ShieldSaver, a technology company disrupting the automotive repair and maintenance industry. The acquisition expands the company’s blockchain initiatives into the automotive industry. The company is currently developing a blockchain solution to enable ShieldSaver to keep an indisputable record of problems and repairs on vehicles, providing analytics of an individual car’s history. SinglePoint has added five developers to its technology team who are architecting the blockchain solution. Additionally, SinglePoint announced that it is further expanding its blockchain development capabilities with plans to hire another team to focus exclusively on designing and implementing the company’s blockchain solutions in the cannabis, medical and automotive industries. Company management intends to have the new team operating by the beginning of May 2018, which will dramatically increase the launch of projects.
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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. For more information, visit www.SinglePoint.com.
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