$SING – SinglePoint, Inc. News

SinglePoint Engages Milost Advisors to Drive Mergers & Acquisitions in North America

SEATTLE, WA–(Marketwired – Jun 14, 2016) – SinglePoint Inc. (OTC: SING) engages Milost Advisors Inc. to pursue acquisitions and raise equity and debt capital facilities to fund acquisitions, as well as provide working capital. Milost Advisors, as a lead advisor, has stated they will assist Singlepoint Inc in the acquisition of undervalued companies with annual revenues in excess of $50m. 

Milost Advisors' senior partners have each over 20 years international investment banking experience, having worked for investment banking firms in Johannesburg, Frankfurt, Hong Kong, London and New York. In addition, they have also held corporate leadership positions in the industry and combine crossover skills in restructuring, legal advisory, capital markets, and funding activities.

They will assist SinglePoint in identifying undervalued target companies for acquisition. Stated below are some of the services that the Milost Advisors team will be providing, including:

  • Restructuring SinglePoint into a holding company
  • Identifying prospective candidate acquisition targets
  • Conducting due diligence
  • Modelling, structuring and facilitating M&A transactions
  • Raising buyer capital
  • Raising working capital
  • Negotiation and drafting of corporate contracts and agreements

SinglePoint CEO Greg Lambrecht has signed a non-exclusive agreement with the firm and anticipates announcement of one or more identified targets in the coming days, along with an actionable plan to finance the acquisition. "I feel that we can bring significant value to shareholders, given the acquisition targets discussed with Milost Advisors and their experience in assisting with leveraged buyout opportunities that are in line with our plans to uplist to a higher market segment, should provide tremendous opportunity for all of us shareholders."

SinglePoint Inc. began as a full-service mobile technology and marketing provider. Through diversification of its own model into horizontal markets, SinglePoint recognized the strength in acquiring interest in undervalued subsidiaries in other markets, such as Daily Fantasy Sports, to create a diversified holding base. We are currently exploring the benefits of taking controlling interests in undervalued cash-flow positive, yet high potential companies and assets where we have the ability to be active and influence strategy and direction.

Milost Advisors is a global investment banking firm for mid to large market clients and entrepreneurs. Our team experience continues to help us to offer our clients comprehensive advisory services including M&A, capital markets, Research as well as restructuring and strategic advisory.

Our senior partners have each over 20 years international investment banking experience, having worked for investment banking firms in Johannesburg, Frankfurt, Hong Kong, London and New York as well as on transactions in most geographies. In addition, they have also held corporate leadership positions in the industry. They combine cross over skills in restructuring, legal advisory, capital markets, and funding activities.

The firm and its partners have a broad network in the business and funding community both locally and in other financial centres. We combine relationships with corporates with access to specialist equity and debt investors, be it private or public markets capital. We draw on these networks to craft bespoke as well as innovative financing and funding solutions free of potential conflicts.

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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