#Solar Acquisition News: #SinglePoint
(OTC: $SING) Completes Asset Purchase Acquisition with Direct Solar in
SinglePoint’s Largest Deal to Date
Phoenix AZ, May
14, 2019 – (Investorideas.com Newswire) SinglePoint Inc. (OTC: SING) announces the
successful completion of the Asset Purchase Agreement with Direct Solar and AI Live
Transfers dated February 22, 2019. Direct Solar is the largest acquisition to
date for SinglePoint and instantly puts the company squarely into the renewable
energy markets. According to Hexa Research the solar market is expected to
reach 20.09 Billion USD by 2025. Direct Solar provides a Lending Tree/Rocket
Mortgage way for customers to asses and purchase solar. This model allows for
the company to scale quickly and efficiently throughout the United States and
globally.
Read this in full at https://www.investorideas.com/CO/SING/news/2019/05141Acquisition-DirectSolar.asp
“This acquisition
will securely place SinglePoint on a new path towards growth, revenue and
overall profitability. We believe Direct Solar has the people and ability to
scale beyond initial projections and truly make a impact on SinglePoints 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 million along with
profitability. This acquisition is a new opportunity and puts SinglePoint on a
whole new trajectory path,” states Greg Lambrecht CEO of SinglePoint.
“We are excited
to officially be a part of SinglePoint. The access to growth capital will allow
us to scale quickly and turn the processes we have built into revenue
generating opportunities. We signed over 500,000 dollars of contracts in April
with very little marketing a sales budget. With the back and support of
SinglePoint we believe we can exponentially increase our sales pipeline,”
states Pablo Diaz Founder/CEO of Direct Solar.
Recently in an
article posted by CleanTechnica CEO Abigail
Ross-Hopper went on to comment, “The rapid growth in the solar industry has completely
reshaped the energy conversation in this country,” said Abigail Ross-Hopper,
SEIA president and CEO. “This $17 billion industry is on track to double again
in five years, and we believe that the 2020s will be the decade that solar
becomes the dominant new form of energy generation.”
Direct Solar has
seen tremendous growth over the past year which aligns well with the industry
over all. In Q4 2018, the U.S. solar market installed 4.2 GWdc of solar PV, a
139% increase from Q3 2018 and a 4% increase from Q4 2017. This is attributed
to environmental awareness and the overall cost of solar becoming affordable
for customers.
Solar is a
massive opportunity both locally and globally. Locally the concept of community
solar panel system is gaining popularity in the U.S. and globally the market is
expected to reach 100 gigawatts.
Above and beyond
residential solar, SinglePoint has been in discussions and contact with
companies that are interested in utilizing solar to increase power efficiencies
for their cannabis cultivation. SinglePoint believe there is a major
opportunity to marry cannabis and solar to help decrease costs and decrease the
overall energy intensive indoor cultivation of cannabis.
About SinglePoint, Inc.
SinglePoint, Inc (SING) 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.
Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com
Forward-Looking Statements
Certain statements in this news release may
contain forward-looking information within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934,
and are subject to the safe harbor created by those rules. All statements,
other than statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and objectives of the
Company, are forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements.
Technical complications, which may arise,
could prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after the date of
this release.
Corporate Communication
SinglePoint Inc.
855-711-2009
SinglePoint.com
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