Technology and investment company SinglePoint (OTCQB: SING) this morning announced successful completion of the Asset Purchase Agreement with Direct Solar and AI Live Transfers dated February 22, 2019. According to the update, Direct Solar is SinglePoint’s largest acquisition to date, and instantly places the company into renewable energy markets. “This acquisition will securely place SinglePoint on a new path towards growth, revenue and overall profitability,” SinglePoint CEO Greg Lambrecht said in the news release. “We believe Direct Solar has the people and ability to scale beyond initial projections and truly make an impact on SinglePoint’s goal of getting a NASDAQ or NYSE listing. We believe in the following 12 months from the date of the acquisition, revenues will be in the multiple millions along with profitability. This acquisition is a new opportunity and puts SinglePoint on a whole new trajectory path.”
To view the full press release, visit http://ibn.fm/quqrM
About SinglePoint Inc.
SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com.
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://ibn.fm/SING
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