Technology and investment company SinglePoint (OTCQB: SING) today announced Direct Solar’s signing of contracts to deploy $1,709,460 in solar installs over the previous 30 days, with expected revenue of approximately $803,769 in gross and $361,541 in net. Per the update, these numbers put SinglePoint on a quick path to profitability from a cashflow standpoint, and management from both companies are excited to see Direct Solar’s continued growth through multiple avenues, including commercial. “This acquisition puts SinglePoint on a huge trajectory path. This is not only a home run, but a grand slam in our eyes,” SinglePoint CEO Greg Lambrecht said in the news release. “These revenues and profits provide SinglePoint the ability to be in a profitable cash flow position and the opportunity to aggressively expand sales. For every dollar we are putting into marketing we are seeing a return of five. Expanding in additional major markets would exponentially increase the revenues on top of the already explosive growth.”
To view the full press release, visit http://nnw.fm/MqEe2
About SinglePoint Inc.
SinglePoint is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. 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://nnw.fm/SING
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