- SING focused on influencing strategy, direction of high-potential companies
- Company subsidiary partners with one of nation’s largest real-estate brokers
- SinglePoint’s mission is to seize opportunities via aggressive expansion strategy across wide range of assets
SinglePoint Inc. (OTCQB: SING) is a diversified holding company that specializes in the acquisition of small to mid-sized companies. Based in Phoenix, Arizona, SinglePoint’s emphasis is on new technologies and multiple revenue streams. The company provides solar, payment-processing and text-marketing programs. The company offers investment opportunities across a broad array of assets. SinglePoint is accelerating its renewable energy and revenue-growth strategies for residential and commercial solar initiatives primarily by way of its successful Direct Solar of America subsidiary (http://cnw.fm/e5Vkj).
Recently, SinglePoint CEO Greg Lambrecht discussed company initiatives with MoneyTV’s Donald Baillargeon. Lambrecht talked about SinglePoint’s subsidiary Direct Solar, which has partnered with Phoenix, Arizona-based My Home Group, one of the largest real-estate brokers in the nation. Lambrecht explained that SING was training the group’s agents in solar “so on their business cards, they can put solar certified. But the important thing is, whether their client is buying or selling a house, they can tell them about solar, so in a sense, you know, our company… has hired 2300 reps to help sell our Direct Solar. In fact, last week, they already got three solar deals.”
Lambrecht also noted that estimated numbers for SinglePoint last year look like they are going to come in at approximately $3 million. With the company’s association with My Home Group, Lambrecht projects that this year’s numbers could reach over $10 million. “This solar acquisition, Direct Solar, is really going to show some serious revenues in 2020,” he said.
Regarding the CBD (cannabidiol) and hemp side of SinglePoint’s business, Lambrecht stated that the company has its own 1606 Original Hemp Cigarette brand. The brand is racking up significant sales online, and SING has landed an East Coast distributor with an approximately 8,000 accounts. That distributor is starting to put 1606 Original Hemp Cigarettes in all its stores, Lambrecht reported.
Finally, SinglePoint’s CEO pointed out that investors should recognize says that the company’s stock price is not a clear indication of where the company is. “Solar and renewable energy is, and is going to be, the hottest topic for 2020,” he observed, encouraging investors to take a close look at SING. “In fact, since the start of the year, almost all solar stocks are up, and if you go talk to any broker, they’re putting their clients in solar and renewable energy.” SinglePoint is at the right spot at the right time with solar, he noted.
The company’s Direct Solar subsidiary installs cost-effective, solar-power systems and presently serves multiple states and cities with residential and commercial services. Direct Solar handles everything from paperwork and permits to system requirements and funding.
On the hemp front, SinglePoint’s 1606 Original Hemp line features a filtered, pre-rolled, 100% tobacco- and nicotine-free hemp cigarette. Of note is that the smokable hemp market currently represents about 2% of the overall CBD market – with 250% growth from 2017 to 2018. New Frontier Data estimates that the U.S. legal cannabis market will grow to $30 billion by 2025 (http://cnw.fm/Dyg8E). Based on those numbers, SinglePoint is at the vanguard of this trend as the company positions itself to supply quality hemp products to a demanding consumer marketplace desiring innovative hemp products.
SinglePoint continues to focus on being a diverse enterprise with an extensive footprint. For investors, the company’s solar and hemp programs offer the potential for major ROI in two thriving industries. SING is delivering on its strategy of acquiring and working with key company management to build successful candidate companies.
For more information, visit the company’s website at www.SinglePoint.com
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING
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