Breaking #Solar #Stock
News: SinglePoint (OTCQB: $SING) Introduces New CFO to Accelerate Renewable
Energy and Revenue Growth Strategies for SinglePoints Residential and
Commercial Solar Initiatives Primarily Driven by Direct Solar of America
Phoenix,
Arizona - January 23, 2020 (Investorideas.com Newswire) Mr. Corey Lambrecht is
a 20-year public company executive and rejoins SinglePoint (OTCQB: SING) as their new CFO
as SinglePoint focuses near term strategic efforts on expansion of the revenues
and national footprint of its most recent acquisition, Direct Solar of America.
Mr. Lambrecht was a founding investor in the predecessor company to
SinglePoint, Lifestyle Wireless and served on the Board of Directors post
merger with Carbon Credits International. Mr. Lambrecht has served within
numerous public companies as a senior executive and a board member, actively
involved in strategic capital raises and uplistings to national exchanges including
the OTCQB, AMEX, and NASDAQ capital markets.
Read this news from
SING in full at https://www.investorideas.com/CO/SING/news/2020/01231NewCFO-ResidentialCommercial-Solar.asp
"We
couldn't be more excited to have someone with such broad experiences in working
with growth oriented public companies. We are looking to continue to broaden
the exposure of SinglePoint and look for ways to continually build shareholder
value and believe that Mr. Lambrecht skills will complement and enhance our
existing management team and current strategy." Wil Ralston, President of
SinglePoint. "Corey's previous successful experience in sustainability,
strategic acquisitions, and new business development is why we've invited him
to rejoin the company as we enter 2020 focused on providing additional
resources that will enable scaling our unique solar business model represented
by our acquisition of Direct Solar of America in May 2019."
In
the past few years, SinglePoint has demonstrated a commitment to building long
term shareholder value by continuously improving the profile of the public
company in order to provide value and liquidity to its nearly 24,000
shareholders. In 2019 the Company made a key strategic acquisition, became
fully reporting and uplisted to the OTCQB. The recent acquisition of Direct
Solar of America, continues to deliver promising results as it grows and
expands its operations. The primary focus of expanding the footprint of it's
differentiated business model for residential solar dictated that the company
bring on additional public company expertise that could help define new
opportunities within the solar market as well as others within the clean and
renewable energy space.
Mr.
Lambrecht is a public company executive with broad experience in
sustainability, strategic acquisitions, corporate turnarounds, new business
development, pioneering consumer products, corporate licensing, interactive
technology services in addition to holding public company executive roles with
responsibilities including day-to-day business operations, management, raising
capital, board communication and investor relations. He has served as an
independent public company board member and continues to serve on various audit
and compensation committees. Corey is a Certified Director from the UCLA
Anderson Graduate School of Management accredited Directors program.
"I
am excited to re-engage with the SinglePoint and to engage with Direct Solar
leadership teams," said Lambrecht. "I have spent the past few months
meeting with senior management and business unit leaders to assess and help
prioritize the current business opportunities available to SinglePoint. SinglePoint
is entering an exciting stage of growth and I am looking forward to helping it
execute against its aggressive growth goals that will ultimately lead to value
creation for our nearly 24,000 shareholders"
Mr.
Lambrecht serves on the Board of Advisors for CIRQ+. CIRQ+ is an industry first
intelligent platform that has been developed to meet the demanding market
dynamics for properties and Brands within the hospitality industry. CIRQ+
effectively manages room-wide energy usage utilizing the latest IoT connectivity
in addition to creating a unique + memorable engagement for guests while
building loyalty and driving new revenue channels to increase profits and
sustainability for the business owners.
Lambrecht
previously served as the President and Chief Operating Officer at Earth911
Inc., a subsidiary of Infinity Resources Holdings Corporation, from January
2010 to July 2013. He orchestrated the initial investment interest of Quest
Resources Holdings that was placed under Earth911 Inc. Prior to his departure,
he structured the remaining 50 percent acquisition in Quest Resource Management
Group, LLC (Quest) not already owned by Infinity's wholly owned subsidiary
Earth911, Inc. The company went on to uplist to the NASDAQ primarily driven by
the consolidation created by the acquisition of the remaining Quest ownership.
During his tenure Quest grew its revenues from less than $10MM at the time of
initial investment to over $120MM, focused on providing services to leading
retailers and manufacturers to ensure valuable materials were diverted from
landfills.
Additionally,
at Earth911, Inc. Mr. Lambrecht repositioned the company and strategically
focused the company into two areas Earth911 Media - A lifestyle and media
publishing company with a focus on healthy, low-waste topics for consumers and
Earth911 Recycling Data - The data technology partner for businesses to create
unique consumer engagement opportunities through recycling intelligence. The
company also launched the leading consumer app iRecycle that allowed consumers
to access location based information to help them reduce, reuse or recycle
unwanted items.
The
company added national clients such as Coke, Lowe's, Staples, Green Mountain
Coffee Roasters, Johnson & Johnson, Exxon-Mobil, BP Castrol, Owens-Corning,
Behr, the City of Phoenix, PepsiCo, and Unilever.
The
company also executed strategic partnerships with leading industry partners
such as RecycleBank, TerraCycle Inc., Keep America Beautiful, Call2Recycle and
the Product Stewardship Institute as well as partnerships with government and
industry associations such as the Environmental Protection Agency (EPA),
Institute of Scrap Recycling Industries (ISRI), the American Chemistry Council
(ACC), the American Coatings Association (ACA), the American Cleaning Institute
(ACI), the American Petroleum Institute (API), and the Consumer Electronics
Association (CEA).
"The
disruptive nature of Direct Solar of America's unique brokerage model is
similar to my experiences during my tenure with Earth911, Inc., where we
acquired an ownership interest Quest Resources LLC which disrupted the
traditional model of commercial and retail recycling to create the leading
landfill diversion company in North America. It is my belief that the solar and
renewable clean energy category will continue to grow over the coming years and
the ability to scale and roll out a national, asset light brokerage model
focused on providing the best solar options for residential and commercial
consumers is a compelling business opportunity"
Lambrecht
also served as the Executive Vice President and eventually President of the
predecessor company to Infinity, Global Alerts LLC, a leading Cause Media
company focused on the strategic expansion of its recently acquired national
award winning web portals including AmberAlert.com the leading primary law
enforcement solution focused on the safe return of abducted children; and
Pets911.com the nation's leading pet adoption and lost and found services.
Since
2007, Mr. Lambrecht has been a Director of CUI Global, Inc., who has recently
brought in additional leadership to sharpen its focus on the growing
opportunities in the Energy and Energy services markets. He has served multiple
terms on the Audit Committee and currently serves as the Compensation Committee
Chairman. Orbital Gas Systems (Orbital), a CUI Global Company, is the leader in
innovative gas solutions, with more than 30 years of experience in design,
installation and the commissioning of industrial gas sampling, measurement and
delivery systems. Operating globally within energy, power and processing
markets, Orbital manufactures and delivers a broad range of technologies
including environmental monitoring, gas metering, process control, telemetry,
gas sampling, and BioMethane.
In
March 2005, Mr. Lambrecht joined Leveraged Marketing Associates, an
international leader in Licensed Brand Extension Strategies as its Director of
Sales. He provided strategic consulting services to the organization focused on
non-traditional corporate licensing and business development initiatives.
Mr.
Lambrecht is a strategic consultant for American Rebel Holdings, Inc. and a
member of its Board of Directors. Mr. Lambrecht served on the board of Guardian
8 Holdings since as an independent director and a member of the Compensation
Committee.
He
was instrumental in arranging the financing for the acquisition of Smith &
Wesson Holding Corporation by the publicly traded Saf-T-Hammer Corp in May
2001, eventually becoming the company's Executive Vice President. He served as
a strategic advisor prior to officially joining Smith & Wesson Holding
Corporation as the Executive Vice President with continued responsibility for
Smith & Wesson Licensing, in addition to Smith & Wesson Advanced
Technology division, Smith & Wesson Interactive Marketing division. Mr.
Lambrecht was integral and influential in the early stage strategic turnaround
of Smith & Wesson Corp. post acquisition.
In
addition, Mr. Lambrecht was President of A-For-Effort Inc. From September 1999
through its acquisition by FreeSoftwareInc.com in March 2002. A-For-Effort was
a pioneering interactive marketing company, which specialized in creating
measurable online contests and advergaming platforms for clients such as the
National Hockey League.
Mr.
Lambrecht was the Vice President of Sales and Marketing, for
ProductExpress.com, engaged in the business of conducting fulfillment,
high-speed internet order processing, and e-business services and one of the
pre-NASDAQ IPO (1997) founders of Premium Cigars International, a national and
international distributor of premium cigars. Mr. Lambrecht served as PCI's
Sales Director and pioneered the company's introductory rollout of PrimeTime™
tobacco products to over 15,000 North American accounts in the first six months.
SinglePoint
is making headway into positioning the company as a leader in the solar
industry, fulfilling a unique niche in the market. According to a report by
SEIA, the leading industry association, "The U.S. installed 2.6 gigawatts
(GW) of solar PV capacity in Q3 2019 to reach 71.3 GW of total installed
capacity, enough to power 13.5 million American homes. Residential solar saw
its best quarter in history in Q3, and the utility-scale solar pipeline now
stands at a record 45.5 GW in Q2. Total installed U.S. PV capacity is expected
to more than double over the next five years."
About Direct Solar America
Direct
Solar is a subsidiary of SinglePoint Inc. (SING). Direct Solar America, a solar
energy brokerage, helps find and install the best available solar energy system
for any building, residential or commercial.
For more information visit:
About SinglePoint, Inc.
SinglePoint,
Inc. SinglePoint,
Inc (SING) invests in and acquires brands and companies that
will benefit from an injection of growth capital and the sales and marketing
expertise of SinglePoint. The Company's portfolio is focused on renewable
energy specifically solar and has holdings in hemp and payments. SinglePoint is
working to grow the company to a multinational entity.
Connect on social media at:
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, including but not limited to the growth of
our solar operations and hemp based products 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.
Unforeseen
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
investors@SinglePoint.com
SinglePoint.com
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com
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