Singlepoint Inc - SING STOCK NEWS

SinglePoint, Inc. (OTCQB: SING), a provider of solar energy and sustainable solutions, announced a virtual presentation by CEO Wil Ralston at the Sidoti & Company LLC Microcap Conference on August 18th at 1:00 PM. This 30-minute session will focus on the Company's second quarter financials and corporate developments. Investors can register for free and the presentation will be available for viewing for 90 days post-event. Additionally, management will hold one-on-one meetings with investors during the conference. For more details, visit SinglePoint's official website.

SinglePoint (OTCQB: SING) has acquired Frontline Power Solutions, enhancing its position in deregulated energy markets. This strategic acquisition grants access to an extensive client portfolio and aligns with the growing trend in energy efficiency, backed by a federal allocation of $350 billion. Frontline operates in nine states with pending approvals in twelve more, enabling the provision of Energy Supply Agreements and energy consulting services to various commercial sectors. The merger aims to capitalize on expected market revenues of $9 billion across 26 U.S. states, fostering opportunities for both companies.

SinglePoint, Inc. (OTCQB: SING) announced the appointment of James Rulfs to its Board of Directors, enhancing its capacity in mergers and acquisitions and corporate finance. Rulfs' 40-year experience includes significant roles in launching companies and providing debt financing through CBC Partners, LLC. CEO Wil Ralston emphasized that Rulfs' expertise is crucial for their growth strategy within the renewable energy sector. This leadership change aligns with SinglePoint's goal of expanding its sustainable energy solutions and meeting listing requirements.

SinglePoint, Inc. (OTCQB: SING) announced that the recent passage of the Inflation Reduction Act is expected to significantly boost residential solar projects through enhanced tax credits. Homeowners can now claim up to 30% of solar project costs as tax credits, retroactive to 2022, with credits available until December 31, 2034. This development is likely to increase revenue for SinglePoint’s subsidiary, Boston Solar, as demand for solar installations grows. The act also supports energy storage, benefiting the company's financing capabilities and overall growth.

On August 2, 2022, BOX Pure Air announced that California's non-public schools can begin submitting purchase orders for AIRBOX™ Certified HEPA Air Purification Units, funded by the $180 million ARP EANS II grant. BOX Pure Air is collaborating with these schools to enhance indoor air quality as students return. The company aims to deliver units promptly, having already prepared proposals for over $5 million. The initiative addresses health concerns linked to indoor air quality, particularly amid wildfire smoke and airborne illnesses, emphasizing BOX Pure Air's commitment to providing safe environments for students.

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.