SinglePoint, Inc. (OTCMKTS:SING) Reports Revenues Of $3.343 Million in 2019

SinglePoint, Inc. (OTCMKTS:SING) has reported revenues of $3.343 million in 2019. It is an increase of 189% when compared to the previous year. The takeover of Direct Solar in May 2019 contributed $2.189 million to the revenues of SinglePoint.

Customized solar solutions

Chief Executive Officer and Chairman of SinglePoint, Greg Lambrecht said better than expected results in 2019 show its commitment to the shareholders. The company expects to continue the same growth trend in 2020. SinglePoint established itself as a leader in offering solar concierge services to households by acquiring Direct Solar America. It also provides customized solar solutions based on the needs of residential customers.

Direct Solar expands presence

Besides showing continued growth in 2019 and 2020, Direct Solar expanded its presence in twenty-five states. With contractors looking to improve their revenues by associating with the solar platform of Director Solar and offer innovative solutions, the business of SinglePoint grows at a fast pace.

Greg said Direct Solar’s rapid growth in residential solar business and profitability gave confidence to SinglePoint to form a separate business unit to focus on commercial solar sales. Established in H2 2019, the commercial business unit of Direct Solar is quick in clinching small to mid-sized deals, which would generate long term and immediate revenues that represent millions of dollars.

According to Greg, the senior management played a vital role in improving the business and revenues in 2019. Direct Solar America Residential Business Unit posted better results within six months of operation. SinglePoint allocated the profits generated from Direct Solar Business for startup costs and funding of the Capital and Commercial Solar Business Units. The company plans to expand its business in the renewable energy sector going forward.

Repays convertible investor notes

SinglePoint has repaid convertible investor notes in Q1 2020. The senior management will work with investors to eliminate outstanding notes and improve the balance sheet.

Multiple Pre-orders for Klen Hand sanitizer

After successful pre-launch, the company has received several pre-orders for Klen hand sanitizer with moisturizing hemp seed oil. It has received good acceptance and several distributors have shown interest in this innovative hand sanitizer. The company is in discussions with distributors and buying groups to sell its Klen hand sanitizer to the consumers through bodegas, convenience stores, and other outlets.


SinglePoint, Inc. (OTCMKTS:SING) Posts Revenues Of $1.05 Million In Q3 2019: Direct Solar Contributes To Growth

SinglePoint, Inc. (OTCMKTS:SING) has posted revenues of $1.05 million in Q3 2019. It is an increase of 176% when compared to the same period in 2018. Recently acquired Direct Solar contributed to the revenues of SinglePoint. Chief Executive Officer of SinglePoint, Greg Lambrecht, said Q3 is a great quarter for the company and expects to post robust revenues in Q4 2019.

Response for Pure American Hemp Cigarette

Don Smith, Vice President (Sales) of SinglePoint, said the company received an overwhelming response for Pure American Hemp Cigarette. The product is free from tobacco and nicotine. It is an ideal choice for people who intend to get rid of smoking addiction. The company shipped several orders to retail clients and distribution channels after successfully launching in October 2019 at the National Association of Convenience Store show.

Introduces Original 1606 Hemp

SinglePoint is introducing original 1606 hemp, an innovative smokable product derived from hemp. It would offer a myriad of smokable hemp products under this brand. The company would introduce more new products to capitalize on the growing demand for hemp-based products. It would also augment production capacity and improve distribution channels to become a premier brand in the hemp category. The demand for CBD in the US is expected to be more than $20 billion by the year 2024. Smokable hemp accounts for 2% of the CBD market.

Signs MOU with SchollyMe

Direct Solar entered a pact with California based SchollyMe, sports recruiting app for 32 NCAA sports in the US, to market Direct Solar through the schools represented by the latter. It is on the backdrop of already achieving significant success in improving business for both the firms.

SchollyMe facilitates recruiting of students to prove their talent. This social media platform is already in use in China. Chief Executive Officer and founder of Direct Solar, Pablo Diaz, said the companies accomplished a major in success in working for the domestic schools. It is accruing excellent returns and working now with forty-seven schools in Fort Worth, Houston, Dallas, and Austin. The deal with Director Solar helps the company to address all the high schools in the nation.


SinglePoint Inc. (OTCMKTS:SING) Subsidiary Direct Solar Signs Partnership with My Home Group

SinglePoint Inc. (OTCMKTS:SING) has announced that its subsidiary Direct Solar has entered into a partnership agreement with My Home Group Real Estate LLC. My Home Group is one of the fastest-growing real estate firms in Arizona and second fastest in the country.

Partnership increased solar contracts per month

Currently, Direct solar averages around 120 signed solar contracts per month. The partnership is a significant milestone that has the potential of significantly increasing the current monthly rate for the next six months as training and integration occurs. The SinglePoint subsidiary will offer training to participating agents as well as offer certificates to those going through the Direct Solar training program. The program will empower and educate agents in the solar sector to work with interested homeowners.

Greg Lambrecht, the CEO of Singlepoint, stated that the partnership is a massive win for Direct Solar. He said that the partnership will be beneficial to both companies.  They will work together to offer homeowners with the best services in both solar services as well as real estate transactions. He lauded the move as a match made for success and the management believes that it will more than double the number of transactions closed per month. 

Direct Solar offering affordable energy option

Direct Solar of America oversees the end-to-end solar process for homeowners by presenting the best and most affordable solar option. They also offer competitive financing options as well as ensuring there is complete installation to client satisfaction. The company safeguards the whole process of installation to offer the simplest and affordable way of changing to solar energy for homeowners.

With the collaboration with My Home Group, over 2300 agents will be able to offer alternative energy solutions to eco-conscious consumers as well as those seeking clean energy alternatives. This will also help homeowners seeking to reduce their dependence on the international grid as well as reduce their burden costly utility bills.

The solar market in the US has been expanding fast in Q1 2019 it went over 2 million installations. By 2021 the industry will most likely hit 3 million installations.


Pure Products LLC Selects SinglePoint, Inc. (OTCMKTS:SING) For the Distribution Of Pure Hemp Cigarettes

Pure Products LLC has selected SinglePoint, Inc. (OTCMKTS:SING) as its prime distributor for the sales of Pure Hemp Cigarettes. Chief Executive Officer of SinglePoint, Greg Lambrecht, said the master distribution accord with Pure Products is a natural fit for the company. The CEO said the company previously serviced over 30,000 accounts across North America. Greg is pleased with the new opportunity and uses existing contacts of the previous company to market Hemp cigarettes. According to Greg, many retailers are anxiously waiting for this type of cigarettes.

Customers prefer tobacco with low THC

Steve Ross, President at Pure Products, said the trend is now towards hemp/cannabis cigarettes with low THC (less than 0.3%). He said the company sees SinglePoint as the best partner to market its all-natural hemp cigarettes across the nation at a fast pace.

Wil Ralston, president of SinglePoint, said his team would play a vital role to position this outstanding product as a leading product in the market. According to SinglePoint, specialty shops and retail outlets across the nation are eagerly waiting to dedicate the shelf space for hemp cigarettes in the CBD category. The retailers will improve their profits and revenues by selling the Pure Brand all-natural hemp cigarettes.

According to Ralston, the company already signed a definite agreement in the industrial hemp space with a major provider. This agreement with Pure Products is a bold move for SinglePoint. This new opportunity strengthens the position of SinglePoint. The combination of Pure Products team and Steve Ross will expedite the company to place the finished products in the shelves of retail stores.

CBD sales in the US to cross $20 billion

The sales of CBD products in the US are expected to exceed $20 billion by the year 2024. Smokable hemp accounts for 2% of the CBD products sales. According to Brightfield Group, a cannabis research firm based in Chicago, smokable and dried hemp flowers is the rapidly growing segments in the CBD space.

Revenues of SinglePoint

The revenues of SinglePoint have surged to $856,859 in Q3 2019 when compared to $311,237 in Q3 2018. Its gross profits have considerably increased to $415,913 in Q3 2019 when compared to $85,537 in Q3 2018.


SinglePoint Inc. (OTCMKTS:SING) Report Exceptional Response For LALPINA CBD Water

SinglePoint Inc. (OTCMKTS:SING) e-commerce platform has received an exceptional response in regard to the news of American Premium Water Company’s (OTCMKTS:HIPH) LALPINA CBD water.

LALPINA CBD Water leading in sales on SingleSeed site

The companies are excited with the response they have so far seen for the demand of LALPINA CBD Water. The LALPINA CBD water has been a top seller on the platform and has witnessed multiple reorders. However, on June 20 the site experienced a lot of traffic leading to its crashing thus causing delays in ordering before the site could be restored later with more resources being added. The site is offering a 10% discount for convenience on LALPINA CBD Water products throughout the weekend using the code crash at checkout.

SinglePoint President Wil Ralston stated that the LALPINA CBD water has been a vital product on the platform that has had a tremendous response. The response is a promising opportunity for and LALPINA. Ralston added that the company is looking forward to continuing its shipping orders and great relationship to all its customers. He further indicated that the company had solved the delays caused by the crashing of the website and the company has taken steps to avoid such an issue.

Relationship with SingleSeed to help in expansion of LALPINA water line

In recent weeks the LALPINA CBD water product has been among the top sellers on SingleSeed resulting in the company ramping up deliveries because of the capability of SingleSeed to deliver the products to the market. The company indicated that they foresee the relationship with SingleSeed helping them in the expansion of the LALPINA water line as well as other CBD products as one of the company’s most successful e-commerce distribution partners.  

The company is equally looking to secure other strategic partnerships that could be beneficial for both companies.

SinglePoint Inc. is an investment and technology company whose main focus is the acquisition of companies that will profit from the integration of technology and injection of growth capital. The company’s product portfolio includes blockchain solutions, ancillary cannabis services as well as mobile payments. The company provides cannabis products and services through SingleSeed.

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