Technology and investment company SinglePoint (OTCQB: SING)
this morning announced its entry into an asset purchase agreement to acquire
Direct Solar and AI Live Transfers, two companies providing what has been
described as the “Lending Tree Model” for solar business. Per the update, the
asset purchase agreement has been signed, and the transaction will be closed
upon audit completion. Around the end of April, SinglePoint plans to start
recognition of these revenues. “This is a phenomenal opportunity for
SinglePoint,” SING President Wil Ralston said in the news release. “This
changes the entire financial fundamentals for the company and enables us to
continue to push forward with opportunities to continue increasing shareholder
value and the overall value of SinglePoint.”
To view the full press release, visit http://ibn.fm/3GQQa
About SinglePoint, Inc.
SinglePoint, Inc. 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. For more information, visit the company’s website
at www.SinglePoint.com.
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