SinglePoint (OTCQB: SING) today reported audited
financial results for the three and twelve months ended December 31, 2019.
Among other highlights, the company reported total sales of $3,343,833 for the
year ended December 31, 2019, representing an increase of 189% year-over-year
when compared to total sales of $1,154,671 in 2018. Per the news release, the
company attributes the substantial increase to the acquisition of Direct Solar
in May 2019. Looking forward, SinglePoint intends to continue to find accretive
ways to work with investing partners to improve the company’s balance sheet by
strategically removing outstanding notes. “The positive operational results in
2019 represent the commitment we have to our stakeholders to enhance revenues
by executing on growth initiatives and acquisitions that we believe will
continue to add value. We are ecstatic about the continued growth of
SinglePoint and look forward to achieving significant growth through 2020.
Through the acquisition of Direct Solar America, we have firmly established
ourselves as a leading provider of residential solar concierge services,
designed to assist customers with making the best choice based on their
specific needs. Throughout 2019 and into 2020 Direct Solar has continued to
grow revenue and expand its service footprint which now includes coverage in 25
states. Business development and expansion is continuing as contractors
continue looking for solutions that increase their revenue and bottom such as
those provided to them when they partner with the Direct Solar Residential
Platform,” SinglePoint Chairman and CEO Greg Lambrecht stated in the news
release.
To view the full press release, visit http://ibn.fm/ympzm
About SinglePoint Inc.
Founded in 2011, SinglePoint invests in and acquires brands
and companies that will benefit from injection of growth capital and the sales
and marketing expertise of SinglePoint. The company portfolio currently
includes solar, hemp and technology applications. SinglePoint is working to
grow the company to a multinational brand. 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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