SinglePoint (OTCQB: SING) today announced the filing
of its quarterly financials for the period ending March 31, 2020. According to
the update, the company reported total sales of $1,075,222, representing a 300%
increase compared to the same period in 2019. SinglePoint attributes the
majority of the revenue to the acquisition of Direct Solar America and the
backlog of projects developed throughout Q4. “Direct Solar America and our
consumer product 1606 Original Hemp are both gaining traction and revenue
growth,” Greg Lambrecht, CEO and chairman of SinglePoint, stated in the news
release. “We continue to analyze and to take actions to transform and realign
our business opportunities and we remain bullish on the long-term ability for
the company to grow revenues, improve the balance sheet and increase
shareholder value.”
To view the full press release, visit http://ibn.fm/vXQvl
About SinglePoint, Inc.
Founded in 2011, SinglePoint, Inc. invests in and acquires
brands and companies that will benefit from injection of growth capital and its
sales and marketing expertise. The company’s portfolio currently includes
solar, hemp and technology applications. SinglePoint is working to grow the
company to a multi-national 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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