SEATTLE, WA--(Marketwired - Aug 2, 2016) - SinglePoint Inc. (OTC: SING) announces today that its Board has approved initiatives to build a mobile app that caters to bringing like-minded Pokémon Go players together by offering rewards backed communication opportunities for players.
Apple recently confirmed that Pokémon Go was downloaded more times during its first week than any other app in the App Store's history. Pokémon Go had 21 million active users in the United States alone as of 18 July -- less than two weeks after going live. The game, which has been rolled out in 35 countries, is also available on Android devices. Needham and Co brokerage analysts state that Pokémon Go's ratio of paid users to total users was 10 times that of Candy Crush, the hit game from King Digital that generated more than $1bn of revenue in both 2013 and 2014.
Today, Pokémon GO already has at least 75 million US downloads on iOS and Android (Google Play only) and $1.6M in daily revenue in Apple's iOS store alone, though those figures are bound to increase as new data continues to roll in.
Inspired by the recent Pokémon Go craze, Singlepoint has begun discussions with programmers under contract to develop an app that will allow users to be rewarded for performing various geo-targeted actions while playing Pokémon GO.
Users have access to a message board where they can use a global, team, and friend chat to communicate with others. Increasing the social interactions among users.
The app will feature scavenger hunt type attributes that seamlessly integrate with gameplay and allow users to generate rewards and increase communication and meet-up opportunities with like-minded gamers.
SinglePoint CEO Greg Lambrecht states, "We are perfectly aligned in the mobile app space to take advantage of the current phenomenon that is Pokémon Go, along with similar scenarios in the gaming world across the board moving forward. We are to the point where technology has demonstrated the ability for gaming to bring players to the outdoors: engaging, exploring and with a camaraderie among players like never before. We intend to capitalize on this in a big way."
SinglePoint, as part of its rollup acquisition initiative will begin targeting companies in the mobile app space including Pokémon Go apps as it has in the DFS space, which notably cultivated ownership in one of the industry's most profitable DFS companies, DraftFury.
SinglePoint Inc. is a full-service mobile technology and marketing provider. We provide solutions that allow our clients to conduct business transactions, accept donations, and engage in targeted communication through mobile devices. Our products connect small to mid-size companies to their target markets by providing innovative mobile technology at reasonable rates. SinglePoint recognized the strength in acquiring interest in undervalued subsidiaries in other markets, such as Daily Fantasy Sports, to create a diversified holding base.
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.