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SinglePoint Inc. (SING) CEO Discusses Booming Solar Subsidiary Direct Solar of America

  • The company’s CEO says that its partnership with My Home Group Real Estate could boost solar sales to $2 million monthly by 2020
  • SING’s president noted that both SING and the real-estate firm jointly benefit when agents refer Direct Solar installations to home buyers and sellers
  • CFN Media Group released analysis of SING’s savvy investment in a cannabis automated-speed packager

SinglePoint Inc. (OTCQB: SING) CEO Greg Lambrecht said in an interview on MoneyTV with host Donald Baillargeon that a strong performance by subsidiary Direct Solar could drive company revenues in FY2020 to anywhere from $15 million to $25 million. Lambrecht noted that the solar division is already generating $1 million a month in solar contracts. By 2020, that monthly sales total could be dramatically higher (http://cnw.fm/oy8pS).

“Solar is a monster right now,” Lambrecht stated in the interview. “It’s taken on a life of its own. Direct Solar could take contracts up to $2 million per month in 2020.” The company exec explained that great opportunities exist to sell solar to an audience of environmentally conscious millennials eager to find alternative energy made more affordable by the availability of government rebates and financing through SING’s new arm, Direct Solar Capital.

In the podcast ‘Clean Tech and Climate Change’ by InvestorIdeas.com (http://cnw.fm/cC6dS), SING President Wil Ralston reported that Direct Solar’s recent partnership with My Home Group Real Estate LLC will be mutually beneficial to both companies. While SING has seen an increase in referrals to home buyers/sellers for more solar installations, the real estate group – the second-fastest growing residential real-estate brokerage in the nation – can provide alternative energy options for homeowners who are eco-conscious, searching for cleaner alternative fuel systems and looking to reduce their reliance on the grid as well as reduce utility bills (http://cnw.fm/yUa2D). The real-estate firm has some 2,500 agents.

“We have already reached a level of nearly four contract closings per day nearly seven days a week,” Ralston noted on the podcast. Highlighting the company’s potential for growth, he added, “We have the scalability to go nationwide in the future. We are already in 11 cities.”

In addition, Lambrecht was optimistic about SING’s focus on the launch of Pure American hemp cigarettes. He said that SING would show the new line of hemp cigarettes at the National Association of Convenience Stores’ (NAC) convention, scheduled October 1-4 in Atlanta. Nationwide, there are some 340,000 convenience stores, and SING is distributing a sophisticated mailer to major buyers, Lambrecht said. He also noted that SING’s tagline – ‘Make the Switch’ – is aimed at encouraging smokers and vape consumers to convert to pure-hemp cigarettes instead.

CFN Media Group published an analysis article lauding SING’s investment in cannabis automated-speed packager Jacksam Corp. (OTCQB: JKSM), operator of the proprietary Convectium 710 Shark packaging system (http://cnw.fm/8tQfZ). The article praised the system’s ability to “[run] circles around the competition,” as “none of the limited amount of competition even comes close to the speed or diversity of the 710 Shark.” SING now holds roughly six percent of the outstanding shares of Jacksam Corp., the article reported. In March 2017, SING made a $400,000 cash-and-stock investment into then privately-held Convectium, which has developed automation solutions for the cannabis industry that fill, cap and package THC and CBD concentrates some 60-times quicker than manual methods (http://cnw.fm/hJ4FB). In a news release describing the benefit of SING’s investment (http://cnw.fm/ZQgt2), CEO Greg Lambrecht concluded, “We were confident in the investment in Convectium 2-1/2 years ago and are greatly looking forward to the coming years under their new business model.”

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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