Singlepoint Inc - SING STOCK NEWS

SinglePoint Inc. (OTC: SING) announced the closing of a $2,000,000 financing transaction in preferred stock with GHS Investments, aimed at fostering growth and improving the balance sheet. Proceeds will support sales and marketing for its recent acquisition of Energy Wyze, a solar lead provider, and Box PureAir, a distributor of air purification technology. The company anticipates increased lead acquisition and operational profitability. President Wil Ralston highlighted past achievements and the importance of this funding for future expansion and enhancing shareholder value.

SinglePoint Inc. (OTC: SING) has reported significant milestones in renewable energy solutions in 2021. The company completed acquisitions of Energy Wyze and Box PureAir, with Energy Wyze aiming for 500 leads daily and Box PureAir submitting over $50 million in bids to schools. A strategic 75:1 reverse split is planned to facilitate an uplisting. Additionally, the $1.9 trillion American Rescue Plan is expected to boost renewable projects. The company anticipates revenue growth from these initiatives.

On March 8, 2021, SinglePoint (OTC: SING) announced the completion of its acquisition of Box PureAir, initially disclosed on February 25, 2021. This strategic move allows SinglePoint to utilize Box PureAir's exclusive rights to sell the AIRBOX air purification technology, crucial for improving air quality in schools and commercial spaces. Box PureAir has over 200 representatives across multiple states and has submitted bids exceeding $50 million for educational institutions. The acquisition aligns with SinglePoint's mission to enhance health through renewable energy solutions.

SinglePoint Inc. (OTC: SING) announced a letter of intent to acquire Box PureAir, LLC, which holds exclusive rights to the AIRBOX air purification technology. AIRBOX meets multiple government standards, including FDA and DOE requirements, and aims to enhance air quality in schools and businesses amid the COVID-19 pandemic. The company has submitted bids exceeding $50 million for installations in various states. This acquisition aligns with SinglePoint's strategy to expand its renewable energy solutions and leverage synergistic partnerships for growth.

SinglePoint Inc. (OTC: SING) provided a corporate update highlighting its strategic focus on renewable energy solutions, particularly in solar energy and energy storage. The company aims to modernize traditional models while expanding its network to offer remote power and EV charging solutions. CEO Wil Ralston emphasized the crucial role of energy solutions for homeowners and businesses amid increasing awareness of energy dependency. SinglePoint is leveraging acquisitions and partnerships to solidify its market position and meet the growing demand for environmentally friendly energy options.

SinglePoint (OTC: SING) has completed the acquisition of EnergyWyze, LLC, enhancing its digital marketing capabilities and lead generation resources in the solar energy sector. This acquisition, first announced on January 12, 2021, equips SinglePoint with a robust database of validated leads aimed at improving customer acquisition and conversion rates. With less than 4% of the U.S. residential solar market currently utilizing solar systems, the partnership is expected to drive significant growth and efficiency in customer interactions, positioning SinglePoint as a leading entity in renewable energy solutions.

SinglePoint Inc (OTC:SING) announced that its solar subsidiary, Direct Solar of America, has signed an agreement with Stellar Energy to expand its solar project sales in California and Illinois. This collaboration aims to enhance Direct Solar's market reach in California, the country's leading solar market, providing access to residential and commercial solar projects along with energy storage solutions. The partnership is expected to significantly boost productivity for both companies in the growing solar sector.

Direct Solar of America, a subsidiary of SinglePoint, has finalized an agreement with Standard Eco to establish a multi-state solar installation network across 38 states, expanding from 8 since 2019. The deal follows a July 2020 LOI and focuses on revenue-generating capabilities through cash and stock compensation tied to operational milestones. The company aims to become a leader in solar solutions as the market, valued at $52.5 billion in 2018, is projected to reach $223.3 billion by 2026, despite current challenges due to the pandemic.

SinglePoint (OTC:SING) reported a projected 20% revenue increase for Direct Solar America before the end of Q3, with gross margins nearing 60%, reflecting strong business performance despite pandemic challenges. The company noted delays in some projects; however, many are resuming, including commercial projects. A noteworthy offering includes a 1-year no payment solar option for businesses or nonprofits opting for Power Purchase Agreements (PPAs). As the company adapts to current demands, optimism surrounds completion of pending documentation.