- SinglePoint
focuses on acquisitions of undervalued, cash-flow positive, high-potential
companies
- SinglePoint
recently closed an acquisition of Direct Solar of America
- The
company’s diverse portfolio covers a wide range of sectors
SinglePoint Inc. (OTCQB: SING) is on a mission to
seize opportunities via an aggressive expansion strategy across a broad range
of assets. Headquartered in Phoenix, Arizona, the company specializes in
acquisitions of small to mid-sized firms, with a focus on new technologies,
including payment processing, industrial hemp and renewable energy solutions.
Established in 2007, SinglePoint works with key company
management personnel to develop successful candidate acquisition targets. These
target companies are undervalued and cash-flow positive, with high potential
and verified assets. SinglePoint becomes active within the acquired businesses
to influence strategy and direction for sustained growth.
SinglePoint’s portfolio includes mobile payments, ancillary
cannabis services and renewable energy solutions. The company’s strategic
acquisitions give it a strong presence in the multibillion-dollar legalized
cannabis market. An article published by Forbes (http://ibn.fm/5Zdh3) reads,
“According to Arcview Market Research and its research partner BDS Analytics,
over the next 10 years, the legal cannabis industry will see much progress
around the globe. Spending on legal cannabis worldwide is expected to hit $57
billion by 2027.”
Recently, an exclusive interview with SinglePoint CEO Greg
Lambrecht aired on the RedChip Money Report (http://ibn.fm/wAQyY). Lambrecht discussed the company’s
rapidly expanding solar business segment (http://ibn.fm/q8MqJ). Of note in the interview is
Lambrecht’s overview of SinglePoint’s recent closing on the acquisition of
Direct Solar of America.
In 2018, Direct Solar eclipsed just over $1 million in
sales, and the company has seen tremendous growth over the past year, putting
it on a run rate for over $5 million in 2019, which aligns well with the
industry overall. In Q4 2018, the U.S. solar market installed 4.2 GWdc of solar
PV, marking a 139 percent increase from Q3 2018 and a 4 percent increase from
Q4 2017. Much of this growth is attributed to environmental awareness and the
overall cost of solar becoming more affordable (http://ibn.fm/XAs2S).
Moreover, by way of SingleSeed, one of its wholly owned
subsidiaries, SinglePoint is providing products and services to the cannabis
sector. SinglePoint is also looking to advance its cannabis initiatives in
other ways. “Industrial-derived hemp has created a wave of new products and
opportunities in which SinglePoint has been able to drive additional revenue
and profit,” SinglePoint President Wil Ralston stated in a news release.
In addition, SinglePoint’s payment-processing offering is a
one-stop shop for businesses’ payment-acceptance needs. Furthermore,
SinglePoint simplifies mobile messaging by enabling companies to send text
messages seamlessly to all mobile subscribers simultaneously. Businesses can
easily send notifications, deals, coupons and even requests for payment.
SinglePoint continues to take advantage of technology
expertise and emerging opportunities in the cannabis and blockchain markets.
The company offers investors the opportunity to make investments across a broad
array of assets for investor portfolio diversification. SinglePoint is building
its own portfolio by acquiring an interest in undervalued subsidiaries,
providing investors with a rich, diversified holding base.
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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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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