- SinglePoint recently discussed solar, other programs on MoneyTV interview
- Company’s emphasis is diversification and M&A strategy
- SING provides investors the opportunity to make investments across broad set of assets
Emphasizing new technologies, SinglePoint Inc. (OTCQB: SING) specializes in the acquisition of small to mid-sized companies. The company focuses on diversification into horizontal markets and has an acquisition-based business strategy. Headquartered in Phoenix, SinglePoint provides investors the opportunity to make investments across a broad set of assets, with an emphasis in new technologies.
Recently, SinglePoint president Wil Ralston discussed the company’s major programs with Donald Baillargeon during MoneyTV’s 1,100th episode. Ralston noted that the company had had a record-breaking year last year. Using 2019 as a dynamic springboard, Ralston said that 2020 will be a year where SinglePoint concentrates on solar.
Ralston envisions the company’s Direct Solar subsidiary doing greater than $8 million in revenue this year. To fuel that growth, Direct Solar is rolling out its commercial and financing initiatives. While specific details haven’t been worked out, Ralston said the company is working on several different ways to advance these programs.
Ralston noted that the upcoming election should draw considerable media attention toward solar and renewable energy, which will be beneficial to Direct Solar. SING believes that with that attention, a growing number of potential customers – and investors – will investigate publicly traded solar companies, especially those that do installs such as Direct Solar.
Direct Solar continues to garner residential projects, and the company will maintain its emphasis on the residential market even as it evaluates areas for growth. With its residential program, Direct Solar can open up any market within approximately one week. Currently Direct Solar operates in 20 cities in 11 states, with a growing number of representatives out in the field doing canvassing, marketing and sales.
Direct Solar can also service commercial buildings, and Ralston observed that there is significant money to finance both residential projects as well as larger commercial projects. While the company has performed well in these areas, a significant niche market for Singlepoint, he states, has been in smaller commercial projects – within the $500,000 to $5 million range – as funding for mid-scale initiatives has been lacking. He noted that with its network of contractors, Direct Solar can roll up financing to fund multiple different projects, presenting a viable solution for small commercial businesses to reap the financial benefits of solar.
In addition to its solar program, and as an element of its diversification strategy, SinglePoint is excited about the potential of its 1606 Original Hemp offering. SING’s exclusive 1606 Original Hemp product line features a pre-rolled, filtered hemp cigarette that is 100% tobacco and nicotine free. And 1606 Original Hemp isn’t SinglePoint’s only foray into the cannabis space – by way of its subsidiary company SingleSeed, the company provides products and services to this promising industry. SingleSeed has become a hub for cannabis dispensaries looking for merchant payment-processing solutions and other business tools (http://cnw.fm/6tDzm).
Rounding out its current diversification model, SinglePoint also centers on mobile-payment applications. The design of the company’s payment-processing solution is to meet the precise needs of each unique business it serves (http://cnw.fm/m5erW). Processing solutions include retail, retail with tip, restaurant, mail order/telephone order (MOTO) and internet/e-commerce.
SinglePoint offers a varied holding base for manifold revenue streams with its Direct Solar subsidiary earning more than $1 million a month in contracts. For investors, company leaders believe that 2020 will be the biggest year in SinglePoint’s history. With its diversified M&A model, SING offers the potential for ROI with a platform that centers on sustainable growth and expansion into key markets.
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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