Technology and investment company SinglePoint (OTCQB: SING) on Thursday announced that
it expects to dramatically increase revenues after completion of its largest
deal to date, the asset acquisition of Direct Solar. According to the update,
Direct Solar’s Lending Tree/Rocket Mortgage model allows expansion throughout
the U.S. and globally and, with the backing of SinglePoint, Direct Solar will
have the ability to quickly scale into new markets and establish the company’s
foothold in the solar sector. “This acquisition will securely place SinglePoint
on a new path towards growth, revenue and overall profitability,” SinglePoint
CEO Greg Lambrecht stated in the news release. “We believe Direct Solar has the
people and the ability to scale beyond initial projections and truly make an
impact on SinglePoint’s goal of getting a NASDAQ or NYSE. We believe, in the
following 12 months from the date of the acquisition, revenues will be in the
multiple millions along with profitability. This acquisition is a new
opportunity and puts SinglePoint on a whole new trajectory path.”
To view the full press release, visit http://ibn.fm/8mgP1
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.
NOTE TO INVESTORS: The latest news and updates
relating to SING are available in the company’s newsroom at http://ibn.fm/SING
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