- Technology investment enterprise SinglePoint recently reported that its Direct Solar subsidiary recorded $1.7 million in solar installation contracts during a 30-day period, causing the company to ratchet up its revenue forecasts for the year
- The company expects to see about $803,769 in gross revenue and $361,541 in net profit from the contracts
- SinglePoint has also been focusing on the development of the hemp market, as hemp legalization in the United States has created a new pathway for agricultural profits
- SinglePoint’s ‘Strategics’ program, in cooperation with a national distribution partner that has access to several large retail chains, is providing a pathway to store shelves for startups
Innovative technology investment enterprise SinglePoint Inc. (OTCQB: SING) is celebrating the success of its bet on solar power broker Direct Solar, a company that uses the Lending Tree model of connecting loan seekers to a variety of loan providers nationwide to allow them to effectively shop for a service that most closely fits their needs.
SinglePoint acquired Direct Solar in April with expectations that sales would exceed $8.2 million during the four quarters following closure of the…
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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