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NetworkNewsBreaks – SinglePoint, Inc. (SING) on Route to Profitability in First 30 Days of Direct Solar Purchase

Company: SinglePoint Inc. (SING)
Category: News

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

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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