Technology and investment company SinglePoint (OTCQB: SING) this morning announced its entry into an asset purchase agreement to acquire Direct Solar and AI Live Transfers, two companies providing what has been described as the “Lending Tree Model” for solar business. Per the update, the asset purchase agreement has been signed, and the transaction will be closed upon audit completion. Around the end of April, SinglePoint plans to start recognition of these revenues. “This is a phenomenal opportunity for SinglePoint,” SING President Wil Ralston said in the news release. “This changes the entire financial fundamentals for the company and enables us to continue to push forward with opportunities to continue increasing shareholder value and the overall value of SinglePoint.”
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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.
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