SINGLEPOINT INC - SING STOCK NEWS

SinglePoint announces its subsidiary, Boston Solar, is nearing completion of a rooftop solar installation at MGM Music Hall at Fenway. This project utilizes photovoltaic power generation, enhancing local energy independence. Solar power is becoming increasingly appealing due to rising electricity costs and available government incentives. The installation aims to produce 158,766 kWh of renewable energy in its first year, helping businesses reduce their carbon footprint. Boston Solar has installed over 5,000 solar arrays since 2011, emphasizing its commitment to quality and customer service.

SinglePoint, Inc. (OTCQB: SING) released its annual letter to shareholders, highlighting significant growth and strategic initiatives in renewable solar energy and indoor air quality sectors. Despite economic challenges, the company reported record revenue, with a total revenue of approximately $12.5 million for FY 2022 and notable quarterly increases. Key acquisitions, like Boston Solar, contributed to this success. With historic federal funding and tax incentives enhancing market opportunities, SinglePoint is well-positioned for future growth and aims for improved shareholder value.

SinglePoint (OTCQB: SING) announced that its subsidiary, Frontline Power Solutions, has secured a 4.5 million kWh Energy Services Contract, marking its largest contract since acquisition. This deal is expected to save clients approximately $800,000 over the contract term. Frontline Power Solutions operates in 15 states and focuses on offering strategic energy procurement solutions to commercial enterprises, addressing rising energy costs, which have surged by up to 200% in 2022. The company aims to expand its workforce from 22 to 35 representatives by year-end, enhancing service delivery.

SinglePoint, Inc. (OTCQB: SING) supports the U.S. Department of Energy's $500M Renew America's Schools grant program aimed at improving K-12 school facilities. The initiative encourages schools to convert to renewable energy, replace internal combustion engine buses with electric vehicles, and upgrade HVAC systems. The program allocates $80M for applicants, addressing the urgent need for modern infrastructure in public schools. CEO Wil Ralston highlighted the opportunity for solar energy in schools, where energy costs are substantial. SinglePoint is positioned to aid clients in accessing these funds for sustainable solutions.

Boston Solar, a key solar provider and subsidiary of SinglePoint (OTCQB:SING), has reported significant growth in sales and installations. The company has achieved over 5,000 installations in 11 years, capitalizing on incentives from the recent Inflation Reduction Act, which boosts the solar investment tax credit to 30% for the next decade. This positions Boston Solar favorably in the Massachusetts market, focusing on both residential and commercial projects, including a notable installation at MGM Music Hall.

SinglePoint, Inc. (OTCQB: SING) recently announced that its subsidiary, Boston Solar, has commenced a solar project at the MGM Music Hall at Fenway. The installation aims to produce approximately 158,766 Kilowatt Hours of clean energy, contributing to the arena's sustainability while also benefiting Fenway Park. The project, initiated on September 6, 2022, is expected to be completed by October 2022. As energy prices rise, this initiative represents a strategic move towards energy independence for the venue, enhancing SinglePoint's reputation in the solar energy market.

SinglePoint's subsidiary, BPA Solutions, announces new consulting services to assist organizations in obtaining FEMA reimbursement for COVID-19-related expenses. The federal funding now includes air purification systems, allowing eligible organizations to apply for up to $1 million in reimbursements, raised from $131,000 since April 2020. BPA Solutions will aid 178,000 organizations that requested public assistance, ensuring they can utilize this opportunity successfully before the year ends. This initiative could positively impact operational funding for schools, hospitals, and non-profits.

SinglePoint (OTCQB:SING) reports a significant 890% year-over-year revenue increase for the second quarter of 2022. The company's CEO, Wil Ralston, will present at the Emerging Growth Conference on August 31, 2022, discussing this growth, the positive impact of expanded tax credits, and the acquisition of Frontline Power Solutions. Additionally, SinglePoint announced an exclusive distributorship for ballistic barrier products aimed at enhancing school security. The company continues to focus on sustainable energy solutions and future growth opportunities.

SinglePoint Inc (OTCQB:SING) announced a presentation at the Emerging Growth Conference on Aug. 31, 2022, by CEO Wil Ralston. The company reported a remarkable 890% increase in revenue for Q2 compared to the previous year. Recent expansions include the acquisition of Frontline Power Solutions and a focus on project financing through Ecodaptive. Tax credit expansions are expected to impact business positively. This progress aims to strengthen SinglePoint's position in the solar energy and sustainable solutions market.