SINGLEPOINT INC - SING STOCK NEWS

SinglePoint Inc. (OTCQB: SING) announced the completion of post-acquisition pro forma financials for The Boston Solar Company, reporting a combined revenue of $18.5M for 2021. Boston Solar, targeting $25M in annual revenue for 2022, recorded $4.79M (unaudited) as of March 31, 2022. This acquisition is part of SinglePoint's strategy to enhance their footprint in the renewable energy market. Boston Solar is positioned to leverage its $15M backlog of projects and aims to expand its market share in the Northeastern U.S.

Highland Park Independent School District has selected BOX Pure Air, a subsidiary of SinglePoint (OTC:SING), to enhance indoor air quality by purchasing 149 AIRBOX™ units funded by the ESSER III Grant. This includes 48 Mesa, 72 Peak, and 29 Apex 2.0 units along with a year's supply of filters. The implementation highlights the district's commitment to student health and safety, demonstrating proactive use of federal funds available until September 2024. BOX Pure Air's growth potential is emphasized as they aim for additional market opportunities in Texas.

SinglePoint announced the acquisition of Ecodaptive, a clean energy finance innovator, by its subsidiary, Boston Solar. The deal, supported by a $100 million framework agreement for solar projects in Massachusetts, aims to enhance the SunRAYS program. This initiative enables underserved customer segments to adopt solar energy with no upfront costs, receiving payments for hosting solar installations. CEO Wil Ralston emphasizes the competitive advantage this acquisition brings, noting expected operational synergies and revenue growth.

SinglePoint (OTCQB:SING), a renewable energy provider, announces key leadership expansions with the appointments of Chad Miles as Executive Vice President of Operations and Jason Lally as Executive Vice President of Revenue. These strategic additions aim to bolster operational efficiency and drive revenue growth, aligning with the company’s goals to meet uplisting qualifications. Lally’s extensive experience in solar energy sales and Miles’ operational expertise are expected to enhance SinglePoint’s market presence and support its growth initiatives in the renewable energy sector.

On May 24, 2022, SinglePoint announced its subsidiary, BOX Pure Air, has been included as an approved vendor for California's Emergency Assistance for Non-Public Schools (EANS) program. This allows BOX Pure Air to deploy American-made HEPA Filtration units to schools, addressing urgent indoor air quality concerns. Initial orders are scheduled for deployment in summer 2022. The EANS program allocates approximately $2.75 billion to enhance school safety against airborne pollutants. Market analysts project the air purification sector will grow significantly, reaching a market value of $12.26 billion by 2030.

SinglePoint, Inc. (OTCQB:SING) subsidiary BOX Pure Air is addressing indoor air quality (IAQ) in schools affected by wildfire smoke to prevent closures. With a federal funding pool of $350B and $122B directed toward improving school ventilation and filtration, BOX Pure Air is actively engaging school boards in Texas and New Mexico. The company's portable HEPA air purification units aim to counteract health risks linked to wildfire smoke, especially among children. They anticipate significant deployment opportunities in the coming months, improving IAQ as wildfires persist.

SinglePoint, Inc. (OTCQB:SING) reported Q1 2022 revenues of $1.5 million, a 6.5x increase from Q1 2021. The company completed the acquisition of Boston Solar, projected to generate $25 million in 2022. SinglePoint anticipates growth in indoor air quality solutions following federal funding initiatives—approximately $350 billion available for improving indoor air. The company aims for further acquisitions and is in the process of uplisting. Management expects continued revenue growth as it improves efficiencies and expands its service offerings.

SinglePoint (SING) has entered into a definitive agreement to acquire Frontline Power Solutions, enhancing its service offerings in the energy sector. Frontline, known for its expertise in electrical supply and energy efficiency programs, has an established client base of over 4,500. The acquisition is anticipated to be financially beneficial, enabling cross-selling of energy solutions and aligning with federal initiatives that allocate $350 billion for energy efficiency improvements in commercial buildings. This strategic move positions SinglePoint to capitalize on the growing demand for renewable energy solutions.

SinglePoint Inc. (OTC:SING) provided a corporate update in an interview with Benzinga, discussing plans for acquisitions and a potential uplist to a national exchange by May 2022. The company forecasts $15M to $20M in revenue from its air purification segment, addressing indoor air quality concerns as societal norms shift post-COVID. Focused on acquiring top regional EPC companies, SinglePoint aims to expand its solar and renewable energy solutions network significantly. CEO Wil Ralston emphasized the importance of building customer relationships in the solar industry.