- Direct Solar achieved more than $3 million in solar contracts in just 60 days
- SING has expanded into the commercial solar market, opening up additional revenue streams
- CEO shared news from multiple revenue streams on MoneyTV with Donald Baillargeon
SinglePoint Inc. (OTCQB: SING) is a well-diversified holding company. What started as a full-service, mobile-technology provider has grown into a recognized brand with multiple revenue streams. A recent acquisition in alternative energy has exceeded the company’s expectations, and growth is abundant across all of the company’s revenue streams.
Direct Solar, a subsidiary of SING, is a leading solar energy brokerage providing customers no upfront cost and the potential to save up to 50 percent off of their electricity bills. The company finds and installs the best available solar energy system for any residential or commercial building. In May 2019, SING acquired Direct Solar with the expectation of dramatically increasing revenues by more than $5 million in the first 12 months (http://cnw.fm/dd8iD0).
Direct Solar is currently on track to exceed those expectations, Contracting approximately $3.4 million in only two short months (http://cnw.fm/a3yRe). The company has found a unique niche in the solar market. As solar becomes more mainstream, SING and Direct Solar are optimistic about the future. Currently operational in eight states, Direct Solar has also begun to offer renewable energy options to larger-scale commercial projects.
This month, SING announced that Direct Solar signed its first funding agreement to supply small to medium commercial outfits with solar financing (http://cnw.fm/scZs5). This gives Direct Solar the ability to supply the contractor for installation and finance the transaction for the business, all in one package, marking the first time that this financing option has been available to commercial operations of this size. “We have a pipeline of interested businesses that we now have the ability to finance,” Direct Solar CEO Pablo Diaz stated in a news release. “It is a completely untapped market in my opinion, with a high chance for major success.”
Diaz recently sat down with SING President Wil Ralston to explain the market opportunity and services that Direct Solar provides to both customers and contractors (http://cnw.fm/CO7Gm). As Diaz mentioned, once customers see all that solar energy has to offer them economically, “solar sells itself.” This sentiment can be seen in Direct Solar’s incredible growth, generating $3.4 million in just 60 days. As more states discover the positive economic value of alternative energy, Direct Solar expects to continue to grow.
In a separate interview, SING CEO Greg Lambrecht joined Donald Baillargeon on MoneyTV (http://cnw.fm/Oa9St) to discuss growth across the company’s multiple revenue streams. The two discussed the exceptional growth of Direct Solar since its acquisition. The company is on track to bring in the $5 million that was anticipated in the first 12 months in only the first quarter. Lambrecht also shared news regarding SING’s investment in the CBD and hemp markets. He discussed a new product line called PURE Hemp Cigarette that contains zero nicotine and is all natural. SING is currently in discussion with the manufacturer of the product to become the only sales and marketing team to take PURE to market. The hemp cigarette is expected to be available at SingleSeed.com, but Lambrecht sees it being placed in traditional large retail vendors and convenience stores, as well.
In addition, SING is looking forward to continued growth across other revenue streams. “SING is undervalued, and in my opinion, it is headed in the right direction,” Lambrecht stated enthusiastically at the close of the interview. “So, go SING.”
SinglePoint specializes in acquisitions of small- to mid-sized companies, with an emphasis in new technologies, as well as providing investors with the opportunity to make investments across a wide range of assets, including payment processing, cannabis and renewable energies.
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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