Singlepoint, Inc. Confirms Sale of Greenstar Brand, Ip to Havana Holdings, Inc. In $1.4 Million Deal

PHOENIX, AZ / ACCESSWIRE / June 9, 2015 / SinglePoint, Inc. (PINKSHEETS: SING) and
Havana Holdings, Inc., a Nevada corporation (Havana) with about 225
shareholders, have finalized agreements for the acquisition of GreenStar,
including the brand itself and all of the underlying IP in a purchase
valued at $1,400,000. The focus of Havana’s business plan will be
developing a low cost E-cigarette brand (vape) targeted specifically to the 30 million strong Hispanic market. See www.havana-vapes.com.

Havana will issue SinglePoint
57,100,000 shares of common stock and the holder of Havana’s outstanding
preferred shares will convert these preferred shares into common stock.
After the Closing, it is estimated that SinglePoint will own about 75% of Havana’s company stock.

According
to BIS Research the e-cigarette global market is estimated to grow at
more than a 22% compound rate between 2015 and 2025 and reach a total
market value of $50 billion by 2025. In the past several years, smoking
cessation products – primarily e-cigarettes – have continued to
dominate a market where big tobacco companies at one time reigned
supreme. This trend is projected to continue in its rise until it has
overtaken the traditional cigarette market completely.

SinglePoint is already
positioning itself for success with two motivated distribution partners
in this arena to capturing a percentage of this booming market. In
addition, Mr. Lambrecht recently
visited Cuba to begin the process of securing relationships anticipating
additional attractive market opportunities when the embargo is lifted.

This transaction is conditioned upon customary due diligence between the parties and meeting minimum funding requirements. SinglePoint execs are confident these will be met in a timely manner and generate a win-win for both groups of shareholders.

Havana Holdings intends to continue SinglePoint’s business plan for GreenStar
which is to develop new and existing relationships for a product roll
out that will include both traditional and smokeless tobacco products
ranging from electronic cigarettes, vape pens and, contingent on the trade embargo being lifted, Cuban cigars. The first product will be a low-cost, disposable “vape” pen to be marketed toward high-volume sales. Havana believes Vape use has doubled in the last 12 months.

Mr. Lambrecht states, “…We are very pleased with this acquisition. It will enable SinglePoint
to be active in the industry but have a team that can take this product
to market while we focus on and continue to develop our mobile
applications.”

Mr. Greg Lambert, the president of SinglePoint
has a successful track record, with more than 20 years of founding and
leading start-up companies focused on building new retail distribution
networks. As the founder of Premium Cigars International, Ltd (PCI) a leading consumer product distribution company, Mr. Lambrecht negotiated agreements with the nation’s largest retail outlets such as 7-11 (Southland Corp), Albertson’s and Costco representing 25,000 retail accounts. As VP of Sales for Single-Stick, “PrimeTime,” a retail tobacco company, Mr. Lambrecht went on to develop this company increasing sales from $300,000 per year to $10 Million+ per year.

UBS and Wells Fargo illustration of market growth in millions at current rate of escalation.

About Havana. Havana, formed in 2004, is a non-trading public
company. It expects to file for trading after the acquisition
closes. Havana’s fiscal year is August 31 but if the Closing is prior to
June it will change its year to June and audit its then financial
condition in anticipation of additional fund raising. Havana’s offices
are located at 9830 S. 51st St., Suite A-128 Phoenix, AZ 85044. 

About SinglePoint. SinglePoint
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. www.singlepoint.com

Forward Looking Statements. Certain matters
discussed within this press release may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Although the Company believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it can
give no assurances that its expectations will be attained. Such
statements are inherently uncertain, and actual results and activities
may differ materially from those estimated or projected. Certain
factors that can affect the Company’s ability to achieve its anticipated
results include, among others, uncertainties inherent in the
development of a new business and limited capital. Further factors
affecting future performance are detailed in the Company’s Financial
Statements posted on its web site.

FOR MORE INFORMATION CONTACT:

Investor Relations
Havana Holdings, Inc.
Mike Williams
480-759-9400 

Investor Relations
SinglePoint, Inc.
Greg Lambrecht
602-481-1544

SOURCE: SinglePoint, Inc.

ReleaseID: 429670