Singlepoint Inc - SING STOCK NEWS

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.

BOX Pure Air announces that California Non-Public Schools can apply for over $180M in emergency funding through the ARP EANS II Program. The deadline for the needs assessment has been extended to April 11, 2022, at 5 PM PT. BOX Pure Air is the primary vendor for portable air purification systems, enhancing Indoor Air Quality (IAQ) in schools. This funding supports the purchase of air purification technologies to improve health and safety for students and staff. The federal government allocated over $5.5B nationwide to assist K-12 schools.

Eligible California Non-Public Schools (NPS) can access over $180 million through the American Rescue Plan Emergency Assistance to Non-Public Schools (EANS II) Program to enhance health and safety measures, including Indoor Air Quality (IAQ). BOX Pure Air is the primary vendor for Portable Air Purification Systems under this program, which aims to improve air quality in classrooms. The deadline for needs assessment submissions is April 8, 2022, by 5:00 pm.

SinglePoint (SING) updates on its acquisition strategy, focusing on Boston Solar, with financial audits for 2019, 2020, and 2021 nearing completion. The company reaffirms revenue forecasts for fiscal year 2022, anticipating profitability across all subsidiaries. Box Pure Air reports increased sales as schools prioritize indoor air quality, driven by federal funding exceeding $121B. The solar market is projected to grow, with SinglePoint poised for significant expansion. CEO Wil Ralston expresses confidence in achieving record revenues and profitable operations for FY2022.

BOX Pure Air has successfully completed the delivery of 1,008 AIRBOX^™ Air Purifier units to 15 schools in Lenior County, North Carolina. This initiative, funded by ESSER funds, aims to enhance indoor air quality for students and staff, contributing to a healthier school environment. The units, including AirBox Apex 2.0, Peak, and Mesa models, are strategically placed throughout the schools. The company anticipates further opportunities as more school districts consider improving air quality solutions.

SinglePoint Inc. (OTCQB: SING) will present at the Virtual Investor 2022 Top Picks Conference on January 27, 2022, at 1:00 PM ET. CEO Wil Ralston will share a business update, highlighting key milestones and initiatives for the year. The event will feature an interactive Q&A session, allowing investors to ask questions live or submit them in advance. A live video webcast will be available on the Company’s investors page, with a replay accessible for one year afterward. The Company aims to enhance energy efficiency and sustainability in various sectors.