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SEATTLE, March 18, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- SinglePoint (OTCQB:SING) a fully reporting company with assets in many verticals including mobile technology, cannabis services, blockchain, and renewable energy projects announces the official launch of ShieldSaver. SinglePoint acquired ShieldSaver early 2018 with the intent to disrupt the $12 Billion dollar automotive glass industry. ShieldSaver is now operational in Sacramento International Airport (SMF) and Wally Park’s Denver International Airport (DIA) locations. The company has recently completed its first round of end to end transactions with the newly built interface. This is a huge success for the company and has already sparked interest from other leading companies in the space.
Recently, Dan Shikiar, founder of ShieldSaver joined Greg Lambrecht, CEO of SinglePoint in this video interview to provide an overview and insight to ShieldSaver and how the concept was developed.
“With the new application SinglePoint led in developing over the past year, we have started to grab a lot of attention. Opportunities have started to pile up after our first showcase – people who see the ShieldSaver platform absolutely love it. We feel this market is underserved and is ripe for new technologies to streamline for customers and providers,” states Dan Shikiar founder of ShieldSaver.
“We spent over 9 months with our development team completely rebuilding the ShieldSaver platform. We feel it is one of the most sophisticated apps to date for automotive glass space, and has the potential to expand beyond that vertical to the automotive repair market as well,” states Greg Lambrecht, adding, “Our model for ShieldSaver mirrors that of AirBnB, 1-800-FLOWERS, and other sales aggregators that bring the experience to the consumer.”
Now that the mobile application has been developed and data is being recorded, SinglePoint and ShieldSaver will start the build out of a blockchain solution to append this data. This will help in access and distribution of the data to the key parties that need it.
The Automotive Glass Market surpassed $12 Billion in 2017 and is predicted to exhibit around a 7% CAGR between 2018 and 2024. ShieldSaver has entered into strategic partnerships with some of the largest companies in the space, including Mygrant Glass, Wally Park, LAZ Parking, and others further positioning the company for rapid growth.
About SinglePoint, Inc.
SinglePoint, Inc (SING) is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry.
Utilizing proprietary License Plate Recognition (LPR) technology, ShieldSaver collects large quantities of important automotive and consumer data. There are many stakeholders that need access to this data; for instance, insurance companies have an interest in knowing that a windshield was actually in need of repair and that the repair was soundly completed. At the same time, much of the data that we collect is private and should only be shared with parties that have a legitimate need to access the data. As we expand our infrastructure, we will be storing our data in a blockchain based, distributed ledger with appropriate access controls to ensure that parties who need access to our data can retrieve it in the most secure and efficient manner.
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.