Singlepoint Inc - SING STOCK NEWS

SinglePoint Inc. (OTC: SING) reported Q2 2021 financial results, achieving revenues of $454,822, a 15% increase from Q2 2020. Total cash rose dramatically to $854,589 compared to $76,476 the previous year. Current assets increased by 304% year-over-year to $1,596,679, and total current liabilities were reduced by $2,759,095. The company is focused on expanding its solar businesses and has launched a strategic review for growth opportunities. Further updates are expected in Q3 2021.

SinglePoint Inc. (OTCQB: SING) has announced its listing approval on the OTCQB® Venture Market, effective August 13, 2021. This transition allows SING to trade on a platform that supports early-stage companies with significant investor exposure. Existing U.S. shareholders will automatically be quoted on the new market. The company has made structural improvements, including debt restructuring and reducing liabilities, designed to enhance growth and attract capital. CEO Wil Ralston emphasizes the company's commitment to creating long-term shareholder value through sustainable energy solutions.

BOX Pure Air has launched a new technology-enabled air purification solution aimed at improving indoor air quality (IAQ) in schools. This system allows for fleet management capabilities, giving facility managers the ability to monitor filter changes, adjust unit schedules, and receive real-time air quality updates. As schools are often heavily occupied and face unique air quality challenges, the solution aims to address concerns heightened by COVID-19, with funding options available for schools to enhance IAQ. BOX Pure Air is a subsidiary of SinglePoint (OTC:SING).

On July 21, 2021, SinglePoint Inc. (OTC: SING) announced that its subsidiary, Box Pure Air, LLC, secured additional purchase orders, highlighting the rising global demand for indoor air quality improvements. The company focuses on providing certified HEPA air purification units to various sectors, including schools, restaurants, and salons. With over $50 million allocated for school ventilation improvements, Box Pure Air is experiencing increased business activity as schools prepare for the upcoming academic year, driven by federal funding for better air quality.

SinglePoint Inc. (OTC: SING) provided an overview of its subsidiaries' progress aimed at building a national solar network and renewable energy solutions. Key highlights include EnergyWyze's expansion in lead generation for solar providers across several states, and Box PureAir's efforts to improve indoor air quality with new product launches and partnerships, including initial orders from major fast food chains. Direct Solar America is enhancing its operations with industry experts. The company is focused on continuous growth and optimization, anticipating updates in Q3 2021.

SinglePoint (OTC: SING) announced updates on its spin-off of 1606 Corp., completed in April 2021. Shareholders received a 1-for-1 dividend, and Greg Lambrecht has transitioned to CEO of 1606. The new entity is focused on finalizing its registration statement to obtain a ticker symbol for trading. 1606 Corp. aims to expand its retail presence and online sales, leveraging the growing smokable-hemp market, projected to reach $300-$400 million by 2025. Lambrecht expresses optimism about 1606's potential, aiming to replicate previous successes in the tobacco industry.

SinglePoint Inc. (OTC: SING) announced key executive management changes, with Wil Ralston transitioning to Chief Executive Officer, following the spin-off of 1606 Corp. Ralston aims to implement growth strategies that focus on renewable energy and indoor air quality solutions. He emphasized the company's commitment to expanding its solar business and pursuing strategic alternatives, including potential spin-offs of non-energy assets. The solar industry is projected to quadruple by 2030, presenting growth opportunities for SinglePoint.

SinglePoint Inc. (OTC: SING) announced its Q1 2021 financial results and corporate updates. Notably, the company completed a 1-for-75 reverse stock split and acquired Box PureAir, enhancing its energy-efficient product offerings. They raised $2 million for marketing initiatives and eliminated $2.4 million in convertible debt, improving their balance sheet. The company aims to expand into a national renewable energy network, citing an expected solar industry growth rate of fourfold by 2030. Total cash increased to $1.69 million, representing a significant rise from the previous year.

SinglePoint Inc. (OTC: SING) announced that its President, Wil Ralston, will present at the Q2 Virtual Investor Summit on May 18, 2021, at 1:15 PM ET. The presentation will be accessible via a live video webcast on the Company's Investors page. Additionally, management will engage in one-on-one meetings with registered investors. SinglePoint focuses on renewable energy solutions and sustainable living, aiming to modernize solar energy and explore growth opportunities in various sectors. For more information, visit www.singlepoint.com.