- SinglePoint focuses on acquisitions of undervalued, cash-flow positive, high-potential companies
- SinglePoint recently closed an acquisition of Direct Solar of America
- The company’s diverse portfolio covers a wide range of sectors
SinglePoint Inc. (OTCQB: SING) is on a mission to seize opportunities via an aggressive expansion strategy across a broad range of assets. Headquartered in Phoenix, Arizona, the company specializes in acquisitions of small to mid-sized firms, with a focus on new technologies, including payment processing, industrial hemp and renewable energy solutions.
Established in 2007, SinglePoint works with key company management personnel to develop successful candidate acquisition targets. These target companies are undervalued and cash-flow positive, with high potential and verified assets. SinglePoint becomes active within the acquired businesses to influence strategy and direction for sustained growth.
SinglePoint’s portfolio includes mobile payments, ancillary cannabis services and renewable energy solutions. The company’s strategic acquisitions give it a strong presence in the multibillion-dollar legalized cannabis market. An article published by Forbes (http://cnw.fm/op1oO) reads, “According to Arcview Market Research and its research partner BDS Analytics, over the next 10 years, the legal cannabis industry will see much progress around the globe. Spending on legal cannabis worldwide is expected to hit $57 billion by 2027.”
Recently, an exclusive interview with SinglePoint CEO Greg Lambrecht aired on the RedChip Money Report (http://cnw.fm/E6Urr). Lambrecht discussed the company’s rapidly expanding solar business segment (http://cnw.fm/i70qQ). Of note in the interview is Lambrecht’s overview of SinglePoint’s recent closing on the acquisition of Direct Solar of America.
In 2018, Direct Solar eclipsed just over $1 million in sales, and the company has seen tremendous growth over the past year, putting it on a run rate for over $5 million in 2019, which aligns well with the industry overall. In Q4 2018, the U.S. solar market installed 4.2 GWdc of solar PV, marking a 139 percent increase from Q3 2018 and a 4 percent increase from Q4 2017. Much of this growth is attributed to environmental awareness and the overall cost of solar becoming more affordable (http://cnw.fm/lhF6n).
Moreover, by way of SingleSeed, one of its wholly owned subsidiaries, SinglePoint is providing products and services to the cannabis sector. SinglePoint is also looking to advance its cannabis initiatives in other ways. “Industrial-derived hemp has created a wave of new products and opportunities in which SinglePoint has been able to drive additional revenue and profit,” SinglePoint President Wil Ralston stated in a news release.
In addition, SinglePoint’s payment-processing offering is a one-stop shop for businesses’ payment-acceptance needs. Furthermore, SinglePoint simplifies mobile messaging by enabling companies to send text messages seamlessly to all mobile subscribers simultaneously. Businesses can easily send notifications, deals, coupons and even requests for payment.
SinglePoint continues to take advantage of technology expertise and emerging opportunities in the cannabis and blockchain markets. The company offers investors the opportunity to make investments across a broad array of assets for investor portfolio diversification. SinglePoint is building its own portfolio by acquiring an interest in undervalued subsidiaries, providing investors with a rich, diversified holding base.
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://cnw.fm/SING
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