- Adjustments made necessary by pandemic result in SING subsidiary growth, expansion from 13 to 30 states in mere weeks
- Direct Solar cutting out middle man, able to do business in any state
- SING also developing app that allows consumers from anywhere in US to buy solar “without ever talking to a human being”
SinglePoint Inc. (OTCQB: SING) subsidiary Direct Solar, a solar brokerage, has expanded from 13 states to 30 states in only two weeks as a result of changes made necessary by the COVID-19 pandemic. The expansion was announced by SinglePoint founder and CEO Greg Lambrecht during a MoneyTV interview with Donald Baillargeon (http://nnw.fm/wNzU9).
Under Direct Solar’s previous business model, entering a new state entailed hiring and training reps and then paying living expenses for those individuals while they entered new areas, knocking on doors and making sales. With new social distancing guidelines in place, door-to-door sales are not allowed in most states, so SinglePoint has explored other options – and reaped unexpected rewards.
“We’ve had our phone operators set up meetings on GoToMeeting,” Lambrecht explained during the interview. “And because of that we’ve expanded from 13 states to 30 states in just the last two weeks, and we’re starting to close deals virtually right over the Internet.”
While the pandemic has spelled catastrophe for many industries, bringing some to a grinding halt, pockets of innovative thinking have allowed some companies to bloom amid these unprecedented circumstances. For SinglePoint, the innovation has been beneficial, Lambrecht said. “Now we can go into any states we want to as long as the person has a computer, so we’ve kind of cut the middle man out,” said Lambrecht, who noted the financial savings for the company was significant was well. “It’s really forced us to go virtual, and it’s very exciting for Direct Solar.”
Continuing to utilize technology as it expands its standout subsidiary, SING is also developing an app that allows consumers from virtually anywhere in the United States to visit the Direct Solar website, find information, price systems and buy solar “without ever talking to a human being,” Lambrecht said. “We’re working on that now… that’s going to be done probably in about four or five weeks. So we’re really taking this whole solar to a new way of doing business.”
The solar installation process remains primarily the same, Lambrecht noted. “The great thing about installers, they don’t ever go in the house,” he said. “They just get up on the roof and install it. Also, installation is considered by the government as a critical thing to do because it’s power, so no problems with installation.”
“One of the best things about SinglePoint is that we’ve always been able to pivot,” Lambrecht concluded. “And through this chaos, I think we’re going to come out better than ever.”
SinglePoint specializes in acquisitions of small to mid-sized companies, with an emphasis in new technologies, providing investors the opportunity to make investments across a wide range of assets, including payment processing, cannabis, and blockchain technologies, and a crypto application, which was co-created with AppSwarm.
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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