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SinglePoint Inc. announces receipt of Cboe BZX Minimum Bid Price Notification and Confirms Commitment to Compliance with Exchange Requirements

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PHOENIX, March 5, 2024 /PRNewswire/ — SinglePoint Inc (Cboe:SING) or (the “Company”), a leader in renewable energy and healthy living, today announced that on February 28, 2024, it received a notification letter from the Listing Qualifications Department of The Cboe BZX Exchange, Inc. (“Cboe BZX”) notifying the Company that its common stock did not maintain a minimum bid price of $1.00 over 30 consecutive business days as required by Cboe BZX Listing Rule 14.9(e)(1)(B) (the “Minimum Bid Price Requirement”). The receipt of the Cboe notification letter does not result in the immediate delisting of the Company’s common stock from the Cboe BZX and has no current immediate effect on the listing or trading of the Company’s common stock on the Cboe BZX Exchange, under symbol “SING.” This determination starts a 180-day period ending on August 26, 2024, for the Company to comply with the Minimum Bid Price Requirement. If at any time before August 26, 2024, the closing bid price of the Company’s Common Stock is at least $1.00 for a minimum of 10 consecutive business days, unless the Cboe BZX exercises its discretion to extend this 10 day period, the Company will be deemed to have regained compliance with the Minimum Bid Price Requirement, following which, Cboe BZX will provide a written confirmation of compliance and the matter will be closed.

In the event that the Company does not regain compliance by August 26, 2024, the Company may be eligible for an additional 180 calendar day grace period provided that it meets the applicable market value of publicly held shares required for continued listing and other applicable standards for initial listing of its common stock on the Cboe BZX (other than the Minimum Bid Price Requirement). To be eligible, the Company will also need to provide a written notice of its intention to cure the deficiency during this second compliance period. If the Company does not regain compliance with the Minimum Bid Price Requirement during the second 180 calendar day grace period, and is ineligible for an additional grace period, Cboe BZX will provide written notice that the common stock of the Company is subject to delisting from the Cboe BZX Exchange. In that event, the Company may appeal the determination to a Cboe BZX hearings panel.

“We are and have been taking decisive action to address this and improve our stock price. With a current market cap of approximately $2 million against revenues of over $25 million, we firmly believe the company is significantly undervalued. At a simple 0.4 revenue multiplier, we believe we would be achieving compliance with the Minimum Bid Price Requirement, and surpassing a stock price of a dollar is not only attainable, but a testament to the underlying value and opportunity we believe SinglePoint presents to its current and future shareholders,” commented Wil Ralston CEO, SinglePoint.

“Our recent successes and planned profitability achievements are set to address the current market cap issues head-on,” Ralston added. “We are confident in our strategy and the steps we are taking to ensure compliance with the Cboe BZX Exchange requirements. We believe, our company’s performance and potential are strong, and we are making the necessary adjustments to reflect this in our stock price.”

The company is focused on leveraging its robust revenue base and pursuing strategic initiatives to drive growth and enhance shareholder value. Management remains optimistic about SinglePoint’s future and its ongoing efforts to improve financial performance and market position.

“We consider SinglePoint to be highly undervalued and are dedicated to unlocking the true value of our company for our shareholders,” Ralston continued, “We appreciate our investors’ continued support as we work towards not only meeting the exchange’s requirements but also exceeding our own financial and operational goals.”

SinglePoint is committed to transparency and ongoing communication with its investors and stakeholders as it moves forward with its strategic initiatives. Due to recurring distribution issues, the Company strongly recommends visiting the corporate website at www.singlepoint.com and signing up for the email distribution list in order to ensure timely receipt of important company updates.

About SinglePoint Inc.
SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and X.

Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to: any statements regarding our ability to regain compliance with the Minimum Bid Price Requirement; any statements relating to our growth strategy and strategic initiatives; our ability to generate shareholder value,; and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price.

We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The information contained herein is intended to be reviewed in its totality, and any stipulations, conditions or provisos that apply to a given piece of information in one part of this press release should be read as applying mutatis mutandis to every other instance of such information appearing herein.

Investor Relations Contact:
SinglePoint Inc
investor@singlepoint.com
888-682-7464

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SOURCE SinglePoint Inc.

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Reliable Link: Pioneering a New Era of Reliable Connectivity for Everything

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HONG KONG, Dec. 24, 2024 /PRNewswire/ — In this era where everything is connected, reliable communication networks have become more than just a service provided by operators; they are the key to linking the entire ecosystem of devices. Breaking down barriers between terminal equipments, allowing every corner and every device to be ‘reliably connected anytime, anywhere,’ is not only a technological breakthrough but also a beautiful vision for the future way of life. GrowthEase, in partnership with China Telecom, has brought together a top-tier team of communication technology experts to co-develop the “Reliable Link” project. Centered around the three core principles of “Reliability, Openness, and Ubiquity,” this project utilizes innovative communication technologies to integrate advanced cloud-network capabilities into various ubiquitous terminal devices such as drones, smart cameras, smart speakers, and smart locks. This aims to break the traditional constraints of terminal forms and capabilities, ushering in a new era of reliable communication connectivity. Leveraging the open capabilities provided by GSMA Open Gateway, and relying on the high-quality global network nodes deployed by NetEase Zhiqi and China Telecom, this project ensures end-to-end latency for audio and video calls remains within 200ms, guaranteeing 99.9% lag-free call experiences. Through highly reliable connectivity services, the project prioritizes the quality and security of connections and transmission in any environment, realizing “reliable connectivity anytime, anywhere” across all types of ubiquitous terminal devices.

Specifically, the Reliable Link project, through the Reliable-link AS platform and the Reliable-link applet, allows users to remotely control terminals like drones during a mobile voice call. For example, in the drone inspection scenario, Reliable Link can retrieve real-time flight routes, and with the Geofencing feature, set up electronic fences to ensure the drone stays within a safe area. When the drone detects a hazardous behavior, such as smoking, the system automatically triggers an alert and reports the location. Reliable Link combines VoLTE capabilities to initiate a video call to regional managers’ mobile phones, promptly pushing the alert information. Through Dev Loc verification and Location retrieval, the drone’s position is confirmed. Once the manager answers the video call, the QOD feature ensures high-quality video transmission, allowing the manager to issue control commands in real time through the call interface to control the drone’s flight. This not only ensures network reliability but also brings more efficient cross-terminal communication and smarter device management, making interactions between different devices smoother and more convenient, truly realizing “seamless connectivity” across ubiquitous terminal devices.

The Reliable Link Drone Communication Connectivity Project tightly integrates drones with the PaaS communication infrastructure, empowering drones with high-reliability, high-quality communication transmission capabilities. This drives upgrades and innovation in the drone industry, contributing to the prosperity of the low-altitude economy. Looking ahead, Reliable Link will continue to innovate and collaborate with ecosystem partners, establishing industry benchmarks. From connecting everything to empowering countless industries, the project aims to create a new landscape for reliable communication applications, enabling the thriving development of industries worldwide.

View original content:https://www.prnewswire.com/apac/news-releases/reliable-link-pioneering-a-new-era-of-reliable-connectivity-for-everything-302338544.html

SOURCE China Telecom

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BeyondTrucks Streamlines EDI Transaction Management Processes with Orderful Partnership

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BeyondTrucks and Orderful solution brings EDI workflow into an updated, intuitive and timesaving format for trucking companies

SAN MATEO, Calif., Dec. 23, 2024 /PRNewswire-PRWeb/ — BeyondTrucks, a transportation management system provider that delivers streamlined operations to private and specialty fleets through a connected and configurable platform, has announced a partnership with Orderful to embed their Electronic Data Interchange (EDI) Platform in the company’s multi-tenant SaaS Transportation Management System (TMS).

BeyondTrucks’ commitment to simplifying fleet operations aligns perfectly with Orderful’s mission to modernize EDI.

“EDI of the past is opaque, time-consuming, expensive and just simply outdated,” said Hans Galland, chief executive officer at BeyondTrucks. “Now with Orderful as our partner, our customers can elect to use the Orderful portal to manage EDI transactions in a rapid intuitive manner for all transactions and all trading partners. We are eliminating the need for a custom integration into BeyondTrucks with each and every partner.”

Embedded in the BeyondTrucks TMS, the Orderful EDI Platform seamlessly builds EDI connections between shippers and carriers by converting EDI data via an API. The integration provides users with real-time data synchronization, instant visibility, automated compliance checks, and intuitive error handling.

BeyondTrucks is also offering their fleet customers access to the Orderful portal for visibility into EDI data from shippers. The optional capability provides an interface where fleets can see when shippers make changes to load information but don’t communicate them or they are not passed through to the TMS. The carrier can then respond manually to avoid loads being missed or the shipper being poorly serviced.

“BeyondTrucks’ commitment to simplifying fleet operations aligns perfectly with Orderful’s mission to modernize EDI,” said Jonathan Kish, chief revenue officer at Orderful. “By embedding our platform, BeyondTrucks customers gain real-time visibility and faster connections, eliminating the headaches of traditional EDI and enabling them to operate more efficiently.”

The BeyondTrucks flexible, multi-tenant SaaS solution combines system integrations, proprietary modules, and adaptable configurations in a seamless platform to unify data and workflows for automation and optimization of fleet operations. Advanced capabilities of the cloud-based platform include order intake automation, smart load planning, dispatch communication, configurable driver workflows, and flexible automation of invoicing and driver payroll.

About Orderful

Orderful is the modern EDI Platform revolutionizing how logistics providers, retailers, manufacturers, and technology companies manage their EDI trading partnerships and transactions in real-time. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful has been recognized as a best-in-class EDI provider by industry leaders like G2 and SourceForge. To learn more, visit https://www.orderful.com/.

About BeyondTrucks

San Francisco, California-based BeyondTrucks is the provider of a configurable and connected multi-tenant SaaS Transportation Management System (TMS). The SOC2-compliant software allows specialty and private fleets to replace legacy TMS, add-on solutions, and fragmented manual processes with a modern platform that creates seamless workflows driven by unified data. Designed to handle the complexities of large specialty and private fleets, the highly configurable BeyondTrucks platform achieves deeper levels of adoption and intelligent automation fleets to make fleet operations smarter, simpler, and stronger. With the multi-tenant platform, fleets also benefit from more efficient integrations into other fleet technology providers so that all parts of a fleet are always in sync. For more information, visit http://www.beyondtrucks.com.

Media Contact

Susan Fall, Launchit PR, 6198909415, susan@launchitpr.com, www.launchitpr.com

View original content to download multimedia:https://www.prweb.com/releases/beyondtrucks-streamlines-edi-transaction-management-processes-with-orderful-partnership-302338443.html

SOURCE BeyondTrucks

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GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone

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GDIN CEO Jongkap Kim: “By matching technology needs with local markets, we create long-lasting joint ventures with multiple exit opportunities.”

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Global Digital Innovation Network (GDIN), led by CEO Jongkap Kim, proudly announced the major achievements of its 2024 Joint Venture Program. This program, which supports the establishment of joint ventures between South Korean companies and international partners, is designed to lower market entry barriers and create sustainable growth opportunities through local collaborations.

Since the launch of the program in 2021, GDIN has supported the establishment of 44 joint ventures across various regions. This year alone, 10 joint ventures were successfully launched in 8 countries including the United States, Canada, Japan, India, Singapore, Vietnam, UAE, and Uganda.

The Joint Venture Program was created to address a common challenge faced by early-stage tech companies: while they may have products and services that meet market demand, they often lack the resources and workforce to enter international markets. Through this program, GDIN helps companies increase their chances of success by facilitating strategic market entry via local partnerships.

In addition to the 44 joint ventures established so far, 47 partnership agreements are in the pipeline for future joint ventures. The program’s success is largely attributed to GDIN’s extensive global network of partners, which includes government organizations, multinational corporations, and international agencies such as the World Bank, Central American Bank for Economic Integration (CABEI), Inter-American Development Bank (IDB), Investment Turkey etc. GDIN has organized multiple technology matching and investor relations events to introduce Korean companies and their innovative technologies to potential international partners.

At the year-end performance report event, held on December 19, GDIN recognized companies that successfully established joint ventures. Changsoft I&I, a digital construction management system company, was highlighted for its success in establishing joint ventures in Japan and Vietnam. CFO Jongeun Park of Changsoft I&I shared, “We were facing stagnating revenue growth, and expanding into new markets was critical. With GDIN’s support, we were able to establish joint ventures in Japan and Vietnam, allowing us to tailor our products to local market needs.”

Other companies that successfully established joint ventures in 2024 include Medicos Biotech, Bloomsbury Lab, Arbaim, Eucast, Pixelro, Hansol root one, Eco-Peace, and IESG.

GDIN CEO Jongkap Kim commented, “Unlike simple joint investments or distribution networks, these technology-driven joint ventures are based on market demand, ensuring their long-term sustainability. If these joint ventures achieve success in the local markets and even go public, they could offer multiple exit opportunities, creating a strong growth model for all involved.”

About GDIN 

Global Digital Innovation Network (formerly known as Born2Global Centre), registered under the Ministry of Science & ICT, is an independent foundation that promotes and fosters collaboration between next-level innovative companies from South Korea and the world.

Since 2013, we have established over 160 international partnerships, supported over 3,000 tech companies, conducted over 20,000 consulting services, and helped companies raise $3.6 billion USD in investments.

View original content to download multimedia:https://www.prnewswire.com/news-releases/gdin-successfully-supports-establishment-of-10-new-joint-ventures-in-2024-alone-302337060.html

SOURCE GDIN

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