#Solar #Stock News: SinglePoint (OTCQB: $SING)
Shares Solar Insights as the Industry Improves Through Efficiencies Driven by
the 2020 Pandemic; @_Singlepoint_
Phoenix, Arizona - September 22, 2020 (Investorideas.com Newswire) SinglePoint, Inc. (OTCQB: SING) is excited to provide investors with a company update; Gross profit increased to over 60% in August as result of efficiencies driven by the pandemic. In 2019, SinglePoint acquired Direct Solar America. At the time the majority of sales were door to door. As a result of the pandemic, Direct Solar modified its business model to a virtual model thus reducing the high cost of door to door sales. As a company, being able to virtually meet with potential clients has resulted in significant cost reductions and increased profitability. Direct Solar America now operates in 34 states and continues to grow at a rapid pace. The company's 12 month estimated Revenue Run rate is targeting $10,000,000.
Read this news featuring SING in full at https://www.investorideas.com/CO/SING/news/2020/09221Solar-Insights-2020-Pandemic.asp
SinglePoint Inc. (OTC: SING) is a fully reporting
company with core holdings in Solar Energy Services and Industrial Hemp based
Consumer Products.
2020 has been labeled the Solar+ decade, already
the industry has seen many Mergers and Acquisitions led by the consolidation of
SunRun and Vivant. As the industry continues operational improvements
SinglePoint is working to achieve the same results through acquisition.
SinglePoint is currently in discussions with companies to acquire, partner and
ultimately work together for mutual benefit. Management believes these types of
transactions will uplift shareholder value.
Most recently the company shared its strategic
vision in this video: https://www.youtube.com/watch?v=vG50txdI0wQ&feature=youtu.be
About SinglePoint, Inc.
SinglePoint Inc. (OTC: SING) is a fully reporting
company with core holdings in Solar Energy Services and Industrial Hemp based
Consumer Products. Learn more at www.singlepoint.com
Connect on social media at:
https://twitter.com/_Singlepoint_
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
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.
SinglePoint
888-682-7464
investors@singlepoint.com
www.SinglePoint.com
SOURCE SinglePoint Inc.
SinglePoint (SING) is
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