- SING generated 190% year-on-year revenue growth, looking for more roll-up solar acquisitions
- Company expands into new lucrative markets as opportunities arise; launches hemp-infused hand sanitizers, expands rapidly into profitable commercial solar sector
- SING poses attractive investment opportunity, potential for high growth opportunities for investors
Adept at analyzing market trends and selecting initiatives with untapped growth potential, SinglePoint Inc. (OTCQB: SING) is a diversified holding company that focuses on acquisitions of small to mid-sized companies, assisting them to become multi-national brands while providing investors with high growth opportunities across a wide range of assets and industries. SING has reported significant revenue growth and has recognized milestone successes with its Direct Solar acquisition, among other initiatives.
Highly skilled in seizing market opportunities as they arise, SING has recently launched Klen Hands, an innovative moisturizing hand sanitizer infused with hemp seed oil. Predicting early on that hand sanitizer’s demand would skyrocket due to the COVID-19 outbreak, SING has secured a bulk supply of sanitizer it now offers infused with hemp seed oil to provide an added moisturizing effect on the skin. Klen Hands is uniquely positioned to leverage the company’s relationship with distributors that are already carrying SING’s hemp products. Given the current market conditions, initial inventory is expected to sell out quickly (http://cnw.fm/4s2Ge).
“We are very happy with how quickly we were able to put it all together, and I believe this product will be on retail shelves year-round as a permanently stocked item,” SING CEO Greg Lambrecht stated in a news release. Emphasizing the timeliness of this new product he said, “Our goal is to fulfill orders rapidly to assist retailers in providing an additional, differentiated product that meets current market demand. We will continue to build out the product mix as the market settles back in. Our management team has deep ties to Washington State, the hardest-hit area to date in the United States, and we plan to launch additional resources to help combat this virus and help provide reliable information to consumers and the general public.”
Another industry targeted by the company is the lucrative renewable energy sector, where SING acquired Direct Solar America, a national solar energy brokerage. In an interview with Money TV’s Donald Baillargeon, Lambrecht discussed the company’s most recent successes in this field (http://cnw.fm/u0gAX).
“The model is proven out, the revenues are going up, and the media is really, especially in the last two weeks, talking more and more about solar. We couldn’t be happier to be in the solar space right now,” Lambrecht stated. Affirming Direct Solar’s success as an acquisition, he continued, “I want to say on the show today that we are looking for solar acquisitions. We think that it’s an incredible roll-up opportunity where we can use the power of our stock and our ability to raise cash to go out and do a roll-up of other solar companies. We’re going to start looking for other solar companies to start negotiating acquisitions with. We welcome anybody that wants to reach us at singlepoint.com and talk about acquisitions.”
Noting that factors like The New Green Deal and upcoming political elections are drawing attention to renewable energy, Lambrecht continued, “We are ‘singing in the sun,’ and we are really bullish on solar and renewable energy… we are at the right place at the right time, finally. Solar has been around for 15-20 years but people are actually starting to put solar on residential buildings.”
As the company makes great strides in commercial solar space, Lambrecht reported that within the last two weeks, SING secured support from two credit unions and three banks interested in investing in some of the company’s commercial projects. “Those are big deals. In fact, one of them is $5.5 million,” he said, indicating that large commercial projects could potentially be announced in the coming weeks. Revealing society’s shift towards solar, the Solar Energy Industries Association reports a 45% year-on-year growth of solar installations for Q3 2019 (http://cnw.fm/zN8A8).
As a company with a proven track record of exploiting lucrative market opportunities, often in new domains as they emerge, SING is an attractive investment opportunity. With diversified income streams, particularly important in these times of heightened uncertainty, SING offers high growth potential underpinned by sound economics, as evidenced by the company’s recent 190% year-over-year increase in revenue (http://cnw.fm/6cEE7). As each business line is expected to remain robust in the next term, SING represents a compelling investment that rewards early investors with considerable growth potential, especially valuable in the current declining markets.
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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