Phoenix, Arizona--(Newsfile Corp. - September 11, 2024) - SinglePoint Inc. (OTC Pink: SING) (CBOE: SING), a diversified holding company with a focus on renewable energy and sustainable solutions, today announced its transition from the Chicago Board Options Exchange (CBOE) to OTC Markets.
"This development highlights the broader challenges faced by the newly launched exchange rather than any fundamental issues with SinglePoint's performance or prospects. Since our listing, only one other company has joined the exchange, indicating potential strategic shifts within CBOE. While we had consecutively filed 13 quarterly and annual financial reports on time, we experienced unexpected delays this year in filing our annual financials that impacted our filing schedule of our next two quarterly filings. We understand the importance of timely communication with our investors and are actively addressing these delays. Although we recognize the need for improvement, we believe that if the decision had been made solely on CBOE's operational viability, the outcome might have been different. As the first company to be listed, we are proud to have demonstrated our commitment to innovation and market leadership. We remain focused on advancing our efforts, and this situation does not reflect the strength of our business, as evidenced by our improving financials in quarterly filings. We will take this challenge in stride and continue to pursue growth," said Wil Ralston, CEO of SinglePoint Inc.
We are currently evaluating the possibility of appealing the decision or pursuing other strategic actions that will benefit our shareholders and position the company for continued success.
Despite this transition, SinglePoint remains optimistic about the opportunities presented by the OTC Markets platform. We are excited to continue our growth trajectory and maintain our focus on providing value through our renewable energy initiatives, acquisitions, and sustainability projects.
About SinglePoint Inc.
SinglePoint Inc. is a diversified holding company with a focus on renewable energy solutions, including solar energy and energy storage, as well as other sustainable initiatives. Since its founding, SinglePoint has continued to grow its footprint through strategic acquisitions and innovative business development efforts in emerging industries.
Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464
Forward-Looking Statements
This news release includes "forward-looking statements". These statements are based upon the current beliefs and expectations of SinglePoint's management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the 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 plans and objectives of the Company, the use of proceeds, anticipated growth and future expansion, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222965
SOURCE: Hawk Point Media Group.
