Singlepoint Inc - SING STOCK NEWS

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.

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.