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SinglePoint Inc. (SING) Projects Solar Initiative Will Generate $5 Million Revenue, Expands CBD Product Line

  • SING president reports that the company’s solar division is growing in residential markets and expanding into commercial markets
  • In the industrial hemp and CBD sector, SING is debuting a lotion product, expanding TorusMed and adding a water-soluble tincture product
  • SING was named as the master distributor for the Pure Hemp line of American-grown hemp cigarettes

SinglePoint Inc. (OTCQB: SING) President Wil Ralston said on MoneyTV that SING is growing in several directions. During an interview with host Donald Baillargeon (http://nnw.fm/T4jH4), Ralston projected that the company’s solar division will generate some $5 million in revenues this year as it continues to increase residential sales and adds commercial sales while also providing funding options for small to medium businesses on renewable projects.

During the interview, Ralston predicted that, for SING’s year ended December 31, 2019, solar would generate an estimated $5 million in revenues. “There’s just so much going on in the renewables space that we’re able to tap into, especially through the Direct Solar Capital arm, because not only are we funding solar projects, but we can also fund back-up batteries, natural gas, anything within the renewables space,” Ralston said in the interview.

Direct Solar of America, a subsidiary of SinglePoint, has added Direct Solar Capital as an alternative-energy financial solution that’s able to finance capital-ready solar projects in amounts ranging from $50,000 to $3 million.

On MoneyTV, Ralston also discussed the company’s focus on its CBD business. SinglePoint is expanding its product line and has introduced new products, including a lotion product from TorusMed, he said. TorusMed has been one of the company’s strongest sellers, and its exposure has been expanded to chiropractic clinics, massage therapists and similar outlets.

Ralston noted that he is also excited about the company’s new unflavored, water-soluble tincture product that can be added to any type of beverage. It can also be rubbed right onto the skin, because it is not oily, Ralston noted.

Ralston also discussed SING’s status as a master distributor for the Pure Hemp line of American-grown hemp cigarettes. SING has already attended three trade shows as part of its due diligence process, scouting out demand for the product. Ralston said that he believes there is great opportunity in the hemp cigarette space (http://nnw.fm/uJt76).

“Not long ago, SinglePoint made a significant commitment to be a major provider in the industrial hemp space,” Ralston observed. “And the agreement with Pure Products is another bold move for the company to solidify our place in the 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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