Breaking Solar News -
CBOE-Listed SinglePoint Inc. (CBOE: $SING) Provides Strategic Overview, Highlights
Milestones Reached, and Expectations In 2024; @_Singlepoint_
Phoenix, Arizona - January 5, 2024
(Investorideas.com Newswire) SinglePoint Inc. (CBOE:SING)
("SinglePoint" or "the Company"), a provider of renewable
energy, energy supply, and healthy building solutions, provides an update
highlighting 2023 accomplishments and its plans to increase shareholder value
in 2024.
Read this in full at https://www.investorideas.com/CO/SING/news/2024/01051Strategic-Overview.asp
After successfully listing on the
CBOE BZX Exchange in December, SinglePoint enters the New Year fundamentally
and operationally strong to accelerate its well-developed acquisition strategy
in the renewable energy sector, specifically emphasizing its intent to roll up
sector companies, including national premier solar installation businesses
specializing in Engineering, Procurement and Construction (Solar EPC's) that
provide accretive deliverables.
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SinglePoint completed its first
acquisition in April of 2022, acquiring regional solar industry powerhouse
Boston Solar, a company well regarded as a proud and contributing partner of
the Boston Red Sox. That deal, in part, has fueled a roughly 41% revenue
increase from approximately $17 million to $24 million at the end of FY/2022.
The Company expects growth to continue in FY/2023, evidenced by trailing
twelve-month revenues already eclipsing the $30 million mark. This increase
comes despite challenging market conditions, including supply chain issues and
elevated interest rates, which are expected to moderate this year, according to
recent sector analyst reports.
Wil Ralston, CEO of SinglePoint,
said, "We are extremely proud of our team that showed resiliency and
abilities to navigate the significant solar industry headwinds of 2023. Now
that we are listed to a more senior exchange, we are better positioned than
ever to execute our 2024 strategy to add value to our asset portfolio by capitalizing
on aggressive acquisition-based valuations in excellent companies that can
provide immediate value and create new revenue streams. Because of the uplist
to the CBOE market, we believe we can accelerate that plan, noting that
national and even global companies are more likely to partner with listed
companies." He added, "We have successfully removed our number one
barrier to making what could be transformative-sized deals, which we are poised
to execute with extreme efficiency and pace, an intent supported by SinglePoint
being the first U.S.-listed company on the CBOE BZX market. We believe it is no
coincidence that less than three weeks after that inaugural listing, Boston
Solar struck a partnership deal with one of the world's largest and most well-known
battery and energy solutions companies, Energizer Solar. That deal alone can
expand Boston Solar's business footprint to a national scale."
This week, CEO Wil
Ralston appeared live on ABC's Morning Blend, where he overviewed SinglePoint's
strategy to target diversified solar, energy, and clean air market
opportunities through his company's diversified products and services
portfolio.
Cannot view this video? Visit: https://www.youtube.com/watch?v=j60QF6vCNDs
Furthermore, the Company notes
establishing multiple initiatives for 2024, including potential market
expansions, accretive acquisitions, and industry partnerships. These will be
detailed more clearly in near-term company updates and planned presentations.
In summary, the Company has completed
the groundwork to expand its teams across SinglePoint and Boston Solar, drive
more organic commercial and residential solar business at Boston Solar,
increase revenue and bottom-line profitability, and continue executing its
robust acquisition strategy.
About SinglePoint Inc (SING)
SinglePoint Inc., the first-ever
U.S.-listed Company on CBOE Global Markets BZX Exchange, is a renewable energy
and sustainable lifestyle company focused on providing environmentally friendly
energy efficiencies and healthy living solutions. SinglePoint is focused on
building the largest network of renewable energy solutions and modernizing the
traditional solar and energy storage model. The Company is also actively
exploring future growth opportunities in air purification, electric vehicle
charging, solar as a subscription service, and additional energy efficiencies
and appliances that enhance sustainability and healthier life. For more
information, visit the Company's website (www.singlepoint.com) and connect on
social media for the latest updates.
About Boston Solar
Boston Solar is a subsidiary of
SinglePoint Inc. (CBOE: SING). Since its founding in 2011, Boston Solar has
installed more than 5,000 residential and commercial solar arrays, powering
thousands of homes and businesses in New England, primarily in Massachusetts.
Boston Solar's mission is to provide superior clean energy products,
exceptional customer service, and the highest-quality artistry in residential
and commercial installations.
Boston Solar has accumulated several
distinctions of recognition of the Company's outstanding triumphs:
- Honored with the 2020
Guildmaster Award from GuildQuality, the award
acknowledged how Boston Solar demonstrated exceptional customer service
within the residential construction industry.
- Named a Top Solar
Contractor by Solar Power World magazine for five
consecutive years.
- Applauded by the Boston Business Journal's "Largest
Clean Energy Companies in Massachusetts" list.
Boston Solar is a member of the Solar
Energy Business Association of New England (SEBANE). The Company is headquartered
at 55 Sixth Road, Woburn, MA 01801. Learn more at: www.bostonsolar.us
Forward-Looking Statements
Certain statements in this news
release may contain forward-looking information within 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,
besides statements of fact included in this release, including, without
limitation, statements regarding revenue projections, financing opportunities,
potential plans and objectives of the Company, anticipated growth, and future
expansion, 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 and other 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.
Boston Solar
617-409-0161
info@bostonsolar.us
Contact
SinglePoint Inc
investors@singlepoint.com
888-682-7464
SinglePoint
(CBOE:SING) is a featured cleantech stock on Investorideas.com
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