Technology and investment company SinglePoint (OTCQB: SING) today announced that, since completion of the acquisition, Direct Solar has secured $421,808 in solar installation contracts. According to the update, SinglePoint expects most of Direct Solar-driven revenue to be recorded on third quarter financial statements. “We are very pleased with the performance of Direct Solar and their entire team,” SinglePoint President Wil Ralston said in the news release. “Since closing the acquisition they have really outperformed everyone’s initial expectation. The goal was $1,000,000 a month after 90 days and it would appear, we are going to hit that sooner than anticipated. In addition to this major success in residential the team is also working on a small business funding relationship that would provide Direct Solar the ability to qualify small business customers and lend out up to $100,000,000 for solar projects. The funding for this market is very sparse right now and we believe this option with our funding partner will put us in the leadership position to attack this major market.”
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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.
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://nnw.fm/SING
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