Author: singlepoint2

PHOENIX, Jan. 12, 2021 – SinglePoint Inc. (OTC: SING) (“SinglePoint” or the “Company”), a company focused on providing renewable energy solutions, announced today it has entered into a letter of intent (the “LOI”) with EnergyWyze, LLC, a premiere digital and direct marketing firm focused on customer centric lead generation in the solar energy industry. Under the terms of the LOI, SinglePoint will acquire the assets and business relationships, including an extensive database of validated leads, of EnergyWyze to form a premier solar lead generation engine. Additionally, three principals of EnergyWyze with extensive experience from lead generation to closed sales will join SinglePoint as employees to bolster the Company’s marketing team. EnergyWyze currently operates its leading consumer site at www.energywyze.com and its solar business site at www.solarcxm.com.

EnergyWyze is an emerging industry leader providing qualified preset appointments to the nation’s leading solar installation companies. Customer acquisition can account for a significant percentage of the spend in solar contractors cost of doing business. SinglePoint aims to reduce those costs and increase the conversion rate of new customers through creating a premium customer experience the solar industry is lacking at this point in time. SinglePoint believes that EnergyWyze’s customer-centric focus will bring to market a value-add service for homeowners and solar installation contractors.

“We believe this agreement represents a catalytic moment for SinglePoint and will play an integral piece in our overall business strategy as we work to maximize our online presence and lead generation capabilities. EnergyWyze adds tremendous value and brings with it an extensive database of potential customers who have actively requested solar installation to their home,” commented Wil Ralston, President of SinglePoint. “We believe this acquisition, together with our other subsidiaries, will help us to further unlock value and strengthen the launching pad of SinglePoint to our next phase of growth. We are committed to adding companies to our portfolio that will mutually benefit one another to create a network effect and drive economies of scale. The acquisition of EnergyWyze is a critical component as the company that acquires the customers ultimately controls the growth.”

Brent Duskin, CEO of EnergyWyze commented, “Over the course of the EnergyWyze founder’s marketing careers, we’ve excelled at building predictable, large volume, high-quality lead generation machines for some of the largest and most demanding marketing and sales organizations in the country. Our combined experiences have created strict disciplines for the development of compelling and disruptive value propositions with a focus on lowered cost-per-leads and lower cost-per-sales.”

“Times have changed and so have we. EnergyWyze is a singularly focused residential solar marketing group that will deliver exclusive residential solar appointments, not just leads, to the ever-emerging residential solar category. We will use the latest and most advanced customer experiential management (CXM) software to deliver qualified set appointments to solar installers and sales teams who could never realistically keep up with the latest marketing technologies required to win this game. We are excited to join with SinglePoint who will become our exclusive partner of choice within this very exciting category,” added Mr. Duskin.

It is estimated that less than 4% of the residential solar addressable market in the domestic U.S. market currently has a solar system installed. In the past few years, the cost of residential rooftop solar has dramatically decreased giving homeowners who wish to be sustainable and to decrease their reliance on the existing domestic energy infrastructure an economic benefit that makes sense. EnergyWyze is currently creating thousands of leads per month through its robust platform. Over the course of their careers, the EnergyWyze principals, now joining SinglePoint, have been responsible for generating 25,000 to 35,000 unique leads per week with 100% of attendance confirmation. This experience will drive the model moving forward to set qualified appointments with high show rates as opposed to handing over contact information for a solar installer to reach out and set their own appointments.

“We are used to creating large, profitable, predictable and scalable programs that pencil for everyone. We work and operate with solar companies in all 50 states in over 135 different markets,” commented Joe Hupp, CMO for EnergyWyze. Prior to Joe’s role at EnergyWyze, he served as the Director of Marketing for both SunEdison and Crius Solar where he was responsible for managing all lead generation for sales teams and running all digital marketing efforts for the residential solar departments. Most recently, he has consulted for Vivint Solar, Elite Solar Pros, and others. 

The residential solar market – which was the hardest hit by the business impacts of the COVID-19 pandemic – beat recovery expectations, growing 14% over Q2 but remained below Q1 levels.  Residential solar installations will continue to increase, and the incoming administration and Congress have an opportunity to help the solar industry reach its Solar+ Decade goals, creating hundreds of thousands of jobs and tackling the climate crisis.

“Solar is the next wave of change in America’s energy infrastructure. Providing an industry-leading customer-centric platform will be fundamental to the industry as consumers look for trusted, knowledgeable companies to guide them through this shift. Together, EnergyWyze and SinglePoint will be able to meet consumer demands and scale nationally very quickly,” adds Che Oliver, COO of EnergyWyze. Che specializes in customer-centric marketing strategies to drive consumer engagement. Previously, Che took the role of CMO where revenue was flat and stalled at $10MM annually. Che helped push that company past $50MM and the company went public. Fueled by direct mail and digital ads, the company did $80MM and continued growth up to $180MM kicking out $20MM net income and driving stock prices from $2 to $36 per share.

SinglePoint, through its majority owned subsidiary, SinglePoint Direct Solar, operating as Direct Solar of America is focused on providing renewable energy solutions to consumers and small commercial businesses and growing its national footprint, which has grown to operate in 38 states in U.S. during 2020 alone. Through the execution of this model, the Company is leveraging synergistic acquisitions and partnerships to generate revenue in the solar industry by providing renewable energy solutions to consumers and small businesses. 

With its initial focus in solar energy, the Company is building a foundation for future expansion opportunities including energy storage, charge points for electric vehicles and solar as a subscription.

The Transaction is subject to customary operational, financial, and legal due diligence and the successful execution of sale and purchase agreements. The Transaction is an arm’s length transaction and pursuant to the terms of the LOI the parties intend to sign a definitive agreement (the “Definitive Agreement”) in respect of the transaction in January.

About Energy Wyze, LLC

EnergyWyze generates residential solar leads with pre-set appointments for solar installers nationwide. Our enhanced lead generation and CRM model goes beyond a typical web-form lead and allows us to generate a higher intent customer for our clients, which results in low cost per sale. Learn more at www.energywyze.com and for business ownerswww.solarcxm.com

About SinglePoint Inc.

SinglePoint Inc. is a company focused on providing renewable energy solutions to consumers and small commercial businesses. SinglePoint is committed to building the largest network of renewable energy solutions and modernizing the traditional model. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, the spinoff of nonenergy related assets, qualification for a national exchange, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

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SOURCE SinglePoint Inc.

PHOENIX, Jan. 7, 2021 – SinglePoint Inc. (OTC: SING) (“SinglePoint” or the “Company”), a company focused on providing renewable energy solutions, today announced the Company will affect a 1-for-75 reverse split of its issued and outstanding shares of common stock. Additionally, the Company will, on a 1-for-1 basis, spin-off of 1606 Corp. to its shareholders, which will become its own entity. The spin-off and the effectiveness of the reverse stock split will occur after the filing of required documentation with SEC and Finra, and the expiration of proscribed time limits after mailing of materials to shareholders.

The solar energy market is experiencing exponential growing demand and is expected to reach $223 billion by 2026¹. To help sustain this growth, there is expected to be significant government support with investing heavily in renewable energy through direct investments, subsidies as well as tax credits. SinglePoint intends to evaluate additional opportunities for strategic spin-off’s, combinations, sale and/or purchase of other non-core, non-alternative energy assets to streamline offering and accelerate positioning of SinglePoint as leader in renewable energy solutions.

“This represents a key component in our planned, multi-stepped approach towards uplisting to a national exchange and enhancing shareholder value. By taking this initial step of separating into two independent companies, each business will have the ability to enhance focus on its significant market opportunities and evolve into two industry-leading companies, each one entirely focused on delivering quality products and services,” commented Greg Lambrecht, Chairman and CEO of SinglePoint. “Our team is laser-focused on establishing a rich portfolio of leading renewable energy solutions and leveraging the rapidly growing solar market to build short- and long-term value. We believe this is a significant moment for SinglePoint and look forward to providing continued updates as we execute our deliberate path forward.”

The brand 1606 was launched in October 2019, based upon indicated market interest received at the 2019 NACS show from major retailers and distributors. 1606 was designed to be the premium brand and continues to innovate and differentiate itself as evidenced by the recent introduction of a six pack point of sale display unit designed to be placed on countertops or next to the register retail locations across the nation.

“Our team is committed to building shareholder value and expanding our market exposure. After months of discussions with partners and financial institutions, we believe that this is the best path forward in providing the Company the optimal opportunity to grow and achieve our ultimate goal of listing on a national exchange. We believe that by successfully executing this reverse split and a spin-off of one of our designated non-core assets, we have a greater potential in gaining increased attention from larger institutional and family office investors that have the ability to provide accretive capital,” added Wil Ralston, President of SinglePoint.

About SinglePoint Inc.

SinglePoint Inc. is a company focused on providing renewable energy solutions to consumers and small commercial businesses. SinglePoint is committed to building the largest network of renewable energy solutions and modernizing the traditional model. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential of listing on a national exchange, the spin-off, operations of 1606, solar operations and future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

¹ Valuates Reports; Solar Energy Market by Technology (Photovoltaic Systems and Concentrated Solar Power Systems), by Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), by Application (Residential, Commercial and Industrial) and End-Use (Electricity Generation, Heating, Charging and Lighting): Global Opportunity Analysis and Industry Forecast, 2019-2026

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SOURCE SinglePoint Inc.

PHOENIX, Dec. 22, 2020 – SinglePoint Inc. (OTC: SING) (“SinglePoint” or the “Company”), a company focused on providing renewable energy solutions, announces the Company has paid off the remaining balance of a Convertible Secured Note Agreement with GS Capital Partners, LLC (“GS”).  The Company entered into the agreement with GS in March of 2020 as the pandemic started to have effects on the global economy. The payoff of the remaining balance eliminates future conversions under the note and removed additional derivative (toxic) debt from the Company’s Balance Sheet. 

“We continue to take the right steps to increase shareholder value. We are implementing and executing on deliberate and sound fundamental strategies to position SinglePoint for a move to a listed exchange. Paying the balance and early termination of this note is another significant achievement for the Company. Our team has worked diligently throughout 2020 to position SinglePoint as a leading Solar+ provider. We are poised and positioned to take full advantage of the catalytic opportunities in alternative energy and solar centric solutions in 2021 and beyond,” commented Wil Ralston President.  “We would like to thank GS Capital Partners for working with us to allow an early termination of the financing agreement that we believe is beneficial to the Company and importantly, our shareholders.”

As the company continues to improve its balance sheet, management believes it will open up the Company to accretive growth capital that will enable SinglePoint to facilitate and close additional acquisitions in the solar and renewable energy sector that have a historical revenue base and operational profitability which should increase shareholder value.

With its initial focus in solar energy, the Company is building a foundation for future expansion opportunities including energy storage, charge points for electric vehicles and solar as a subscription.

The solar energy market is experiencing exponential growing demand and is expected to reach $223 billion by 2026. To help sustain this growth, there is expected to be significant government support with investing heavily in renewable energy through direct investments, subsidies as well as tax credits. SinglePoint expects to be at the forefront of providing solutions to align with this growing demand.

About SinglePoint Inc.

SinglePoint Inc. is a company focused on providing renewable energy solutions to consumers and small commercial businesses. SinglePoint is committed to building the largest network of renewable energy solutions and modernizing the traditional model. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, the spin off of nonenergy related assets, qualification for a national exchange, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

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SOURCE SinglePoint Inc.

PHOENIX, Dec. 8, 2020 – SinglePoint Inc. (OTC: SING) (“SinglePoint” or the “Company”), a company focused on providing renewable energy solutions, today provided an overview of multiple key initiatives to drive shareholder value and long-term growth.

Core Focus on Establishing Leadership Position in Renewable Energy Sector with Initial Focus in Solar Energy

SinglePoint has taken catalytic steps in transforming the traditional solar energy model and is committed to growing its national footprint.  This highly scalable business model has enabled the Company to expand from ten to 38 states in the past year, alone. Through the execution of this model, the Company is leveraging synergistic acquisitions and partnerships to generate revenue in the solar industry by providing renewable energy solutions to consumers and small businesses. 

“We have made strategic acquisitions which position us to leverage our industry-leading expertise to make a significant impact in the renewable energy space, an industry that is seeing significant exponential growth,” stated Wil Ralston, President of SinglePoint. “To remain laser focused on execution and establishing SinglePoint as a leader in renewable energy, we intend to seek strategic alternatives, including the spin-off of our non-energy related assets. Additionally, we have implemented a strategic plan and begun taking steps to qualify for a national exchange, an effort we believe has the potential to increase the profile of SinglePoint and maximize shareholder value.”

The solar energy market is experiencing exponential growing demand and is expected to reach $223 billion by 2026. To help sustain this growth, there is expected to be significant government support with investing heavily in renewable energy through direct investments, subsidies as well as tax credits. SinglePoint expects to be at the forefront of providing solutions to align with this growing demand.

“SinglePoint has gained significant momentum in the solar industry by revolutionizing the traditional model and providing customers with a fully integrated solution to easily access solar energy. Leveraging leading industry partners and our growing national network of installers, we have created a single hub that manages the full process from sales through to installation,” continued Mr. Ralston.

With its initial focus in solar energy, the Company is building a foundation for future expansion opportunities including energy storage, charge points for electric vehicles and solar as a subscription.

Planned Spin-Off of Non-Energy Related Assets Expected to Unlock Shareholder Value

Over the course of 2020, the Company has actively been exploring strategic opportunities for its various non-energy related assets in an effort to streamline its product offering and solely focus on building the leading national solar network focused on residential and commercial projects. SinglePoint plans to initiate a spin-off (or other opportunity) of its non-energy related assets in Q4 2020. Along with these proposed spin-offs, the Company would restructure the management team.

These non-energy related assets include:

• 1606 Original Hemp: a provider of premium pre-rolled filtered hemp;
• SingleSeed: a provider of the highest quality USA grown and made hemp-based products;
• DIGS: a hemp manufacturing and distribution business; and
• ShieldSaver: An automotive technology business.

“As we work to establish leadership position in the renewable energy space, it is important to note that SinglePoint also has a portfolio of assets across multiple industries. We believe that spinning-out our assets like 1606 Original Hemp, SingleSeed, DIGS and ShieldSaver provides a platform to maximize shareholder value,” commented Greg Lambrecht, CEO of SinglePoint.

Focus to Uplist to a National Exchange Expected to Establish a Footprint on Wall Street

SinglePoint intends to uplist to a national exchange with the goal of expanding the Company’s visibility within the investment community, increase the liquidity of its stock, and broaden its shareholder base. As the Company continues to execute on its business strategy moving forward, SinglePoint fully intends to engage the proper consultants to build shareholder value and expand market exposure.

About SinglePoint Inc.

SinglePoint Inc. is a company focused on providing renewable energy solutions to consumers and small commercial businesses. SinglePoint is committed to building the largest network of renewable energy solutions and modernizing the traditional model. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, the spin off of nonenergy related assets, qualification for a national exchange, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

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SOURCE SinglePoint Inc.

PHOENIX, Nov. 17, 2020 —

YTD Financial Highlights:

• YTD Revenue increased to $2,495,628
• YTD Gross profit increased 15%
• Q3 Reported Revenue of $1,025,129
• Reduced Debt by approximately $1.2 Million
• Operational Expenses Reduced by $2.8 Million

Operational Highlights:

• Direct Solar of America Signs Agreement with Soligent to Provide a first of its kind ‘Direct Pay’ model
• Completed first agreement to create a National Solar Installation Network with principal owner of Standard Eco to obtain multi-state installation entity
• Current maturities of convertible notes payable decreased by approx. $1.2M

SinglePoint, Inc. (OTC: SING) (“SinglePoint” or the “Company”) reports financial results for the three and nine months ended September 30, 2020. Over the course of the past two quarters the company has expanded coverage into 38 states and signed agreements with leading solar industry partners deepening its residential installation, equipment and financing offerings that position the company for continued revenue growth in 2021. Direct Solar of America is better prepared to withstand some of the impacts of a second shutdown due to the swift pivot to a mostly virtual sales platform earlier this year which allows us to reach residential customers who are looking for ways to make home improvements as the Work from Home trend continues. Previous state by state closures made growth more difficult. The company quickly adapted and established new processes that have proven to be more profitable and scalable setting up for a robust 2021, anticipating a return to a new normal

“The challenges presented by the events of 2020 have been felt across SinglePoint and our subsidiaries.  Our senior leadership at the corporate level and our subsidiaries have continued to adapt and we have focused efforts on fundamentally making decisive decisions designed to improve and enhance our current market positioning and to grow our core assets. We have negotiated with our primary lending partner which resulted in improvements to our balance sheet. In addition, we launched a new strategic initiative that we believe presents an opportunity to increase shareholder value. We expect that as we execute against these strategies, our market cap and share price will continue to improve as we look to become a dominant residential solar provider by leveraging and building a true national solar network focused on residential and small commercial projects”.

–Greg Lambrecht, Chairman and CEO of SinglePoint

About SinglePoint, Inc.
SinglePoint Inc. (OTC: SING) is a fully reporting company with core holdings in Solar Energy Services. Learn More at www.singlepoint.com

Connect on social media at:
https://www.facebook.com/SinglePointInc
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
For more information visit: www.SinglePoint.com 

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication
SinglePoint Inc.
888-OTC-SING
investors@singlepoint.com
www.singlepoint.com

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SOURCE SinglePoint Inc.

PHOENIX, Nov. 4, 2020 — SinglePoint Inc. (OTC: SING) through its subsidiary, Direct Solar of America, has established themselves as a leading originator in the domestic US Solar Industry. Having signed multiple agreements in the last six weeks with industry titans, the company has positioned itself to lead a new generation in the solar industry. Timing is impeccable as most recently we have seen multiple solar companies rally. Sunrun merged Vivint Solar in one of the largest transactions to date. Invesco Solar ETF has spiked almost 300% in the last year and First Solar has had its biggest move in almost 9 years.

Large companies are expected to continue to invest heavily in the renewable energy sector. SinglePoint Inc. is well positioned to capitalize on its expanding footprint and to continue to capture market share and expand revenue base as Solar continues to grow. 

According to The Daytona Beach News Journal Duke Energy Florida is looking at investing $1 Billion in solar energy. The article goes on to report, “If the program is approved, the company plans to invest about $1 billion in new solar power plants across the state during the next three years, Ana Gibbs, a Duke spokeswoman, said Wednesday.”

In 2019 , Goldman Sachs reached a total of $4 Billion in investable money through its subsidiary Goldman Sachs Renewable Power. According to PV Magazine, Goldman Sachs can play an important role in the transition to renewable energy by partnering with clients to own and manage renewable energy projects that deliver clean energy. Goldman has already been very active in the renewable energy market having placed over $1.4 Billion in varying distributed generation solar assets in the United States.

Multiple companies including SolarEdge, First Solar, Sunrun, Tesla and SinglePoint have resumed  growth in 2020 despite the effects of the pandemic and the future of solar appears to be very bright. Whether it’s through subsidies, the overall cost of production, general conscious move towards renewable energy or a combination of all of them solar will continue to grow and be a top of mind investment opportunity for investors around the world.

About SinglePoint, Inc.
SinglePoint Inc. (OTC: SING) is a fully reporting company with core holdings in Solar Energy Services with operations in 38 States. Learn More at www.singlepoint.com

Connect on social media at:
https://www.facebook.com/SinglePointInc
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
For more information visit: www.SinglePoint.com  

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication
SinglePoint Inc.
888-OTC-SING
investors@singlepoint.com
www.singlepoint.com

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SOURCE SinglePoint Inc.

PHOENIX, Oct. 27, 2020 — SinglePoint Inc (OTC: SING) is pleased to announce the company’s solar subsidiary Direct Solar of America has signed an agreement with Soligent Distribution LLC. The agreement provides Direct Solar of America the ability to sell, finance and supply contractors with the materials every project needs through Direct Solar of America. This provides instant growth for the company as the company will recognize additional revenue streams and profit through the agreement.

“Providing Direct Solar of America the ability to deliver financing and procurement channels with their project origination will support them in their journey to provide an industry leading disruptive solution. We are excited to provide Direct Solar of America with the technology, tools, and support needed to be successful at the largest scale,” – Steve Ragsdale, Director of Sales.

“The effect of this agreement changes the entire dynamics for the company. We will now be able to streamline our project flow from inception to completion and recognize an additional 50% or more revenue derived from projects as we will be selling the materials and financing as well. We are beyond excited to work with Soligent and their plethora of contacts and subsidiaries in the industry,” – Pablo Diaz – CEO.

About Soligent

Soligent Distribution is the largest pure-play solar distributor in the Americas, supplying thousands of solar installers and contractors with solar energy equipment, engineering services and project financing solutions.

Soligent has been a pioneer in the solar industry since 1979 and continues to drive the solar market forward with innovative solutions ranging from materials management to project financing.

Visit Soligent at https://www.soligent.net/ or at https://www.linkedin.com/company/soligent/  

About SinglePoint, Inc.

SinglePoint Inc. (OTC: SING) is a fully reporting company with core holdings in Solar Energy Services. Learn More at www.singlepoint.com

Connect on social media at:

https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile

For more information visit: www.SinglePoint.com  

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

KEYWORDS: Solar, Solar Panels, Residential Solar, Public Solar Company

Corporate Communication
SinglePoint Inc.
888-OTC-SING,
investors@singlepoint.com
www.singlepoint.com

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SOURCE SinglePoint Inc.

PHOENIX, Oct. 22, 2020 — SinglePoint Inc. (OTC:SING) recaps and highlights recent corporate developments. SinglePoint management has made a conscious and deliberate effort to position the Company to capitalize on the emerging growth opportunities in the U.S. solar industry, primarily in residential rooftops and small commercial installation opportunities. SinglePoint believes that a focused solar-centric strategy will deliver measurable and quantifiable results. The Company is focused on capturing market share through the buildout of our national solar network as well as growing the annual revenues and profitability within the business segments that should increase shareholder value.

SinglePoint Restructures Toxic Debt with Existing Secured Convertible Promissory Notes, Eliminating Additional Conversions Under the Note, Positioning the Company for Long Term Growth Opportunity in Solar Industry building a National Solar Network

As a result of the of the Amendment to the Notes dated October 12, 2020:

• The Company reclassified approximately $2,000,000 of principal due under the Notes from current liabilities to long-term liabilities.
• The conversion feature on the combined principal and interest (approximately $3,0000,000) was restricted, eliminating the derivative liability associated with this debt and significantly reducing the Company’s total derivative liability (the Company’s total derivative liability was $3,895,484 as of June 30, 2020).

Full Release Here

SinglePoints majority owned subsidiary, Direct Solar of America, has continued to take advantage of its expanding, nearly national footprint announcing key strategic agreements with Stellar Energy GP and Standard Eco.

• SinglePoint Subsidiary Signs Stellar Energy GP, Inc. a Leading Energy Storage Systems and Solar Company with More Than 15 Years of Experience.

The agreement with Stellar Energy GP enhances growth opportunities within the 38 states currently covered by Direct Solar of America but most importantly it provides additional access and immediate and accretive growth opportunities within California, the nation’s leading solar market.

“We truly see Direct Solar of America as a leading originator in the industry with a model that has the potential to change how business is done within the solar industry. We are excited to see where the opportunity grows and being able to provide Direct Solar of America the assistance needed to be successful at the largest scale.” Mike Abadi, General Manager of Stellar Energy GP Inc.

Full Release Here

Direct Solar of America Finalizes Agreement with Principals of Standard Eco Creating Framework for a Multi-State Solar Installation Network Beginning Execution of Previously Announced National Solar Network Strategy

Full Release Here

The agreement with the principals of Standard Eco has the opportunity to increase the gross revenues and profitability. As the market continues to normalize, we believe that this transaction has ability to continue to deliver revenue and profitability results in 2021, 2022, and 2023 comparable with the previously reported unaudited revenues of Standard Eco of $12,331,703 in 2018 and $11,345,061 in 2019. We will continue to pursue similar agreements with other multi-state licensed installers that bolster our service offerings and add additional depth as we leverage and grow our existing solar footprint. Eventually providing services and solutions for the residential and commercial market in all 50 states.

We are committed to building the Leading National Solar Network (currently operating in 38 states) focused on Residential & Small Commercial Projects and executing on strategic installer consolidation opportunity. We believe that the market opportunity in what is being described as the Solar+ Decade is massive as only 3-4% of the 84 million addressable residential rooftops in the U.S. currently have installed solar systems. The market in smaller commercial (schools, office buildings) is equally as massive with only 3.5% of the addressable commercial locations in the U.S. having existing solar systems.

About SinglePoint Inc.SinglePoint Inc. (OTC:SING) is a fully reporting company with core holdings in Solar Energy Services and is well positioned to create the leading and most comprehensive solar network servicing residential rooftops and small commercial locations. Learn More at www.singlepoint.com

Connect on social media at:
https://www.facebook.com/SinglePointInc
https://twitter.com/_SinglePoint_
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile

For more information visit: www.SinglePoint.com

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

KEYWORDS: Solar, Solar Panels, Residential Solar, Commercial Solar, Solar Funding, Renewable Energy

Corporate Communication
SinglePoint Inc.
888-OTC-SING
investors@singlepoint.com
www.singlepoint.com

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SOURCE SinglePoint Inc.

PHOENIX, Oct. 20, 2020 – SinglePoint Inc. (OTC:SING) announces the Company has restructured two current secured convertible promissory notes (the “Notes”) which eliminated a large portion of its existing debt on its balance sheet. Pursuant to the Amendment, the Lenders agreed to refrain from making any conversion under the Notes subject to the terms, amendments, conditions and understandings expressed in the Amendment, extended the maturity date, provided monthly cash payment terms, and removed the toxic derivative debt on the Company’s balance sheet. The Agreement outlines a comprehensive restructuring that improves the Company’s balance sheet. 

“The restructuring of these notes are a significant achievement for the Company, and we are thankful that our existing lenders agreed that a restructuring would benefit the Company and its growth initiatives. The restructuring improves our balance sheet and was one of the critical next steps in our strategic plan as we continue working towards uplisting to a national exchange. Since the filing of our Form 8-K with the SEC last week we have already received increased inquiries by larger mid-tier firms that understand the value of the restructuring the payments of the existing toxic debt into a long-term structure, and we are optimistic for support of SinglePoint’s growth initiatives in Solar,” states CEO Greg Lambrecht. ”We believe that the amendment of these notes is a pivotal accomplishment and that our current market cap does not accurately reflect the value of the Company and the emerging opportunity in solar.”

As a result of the of the Amendment to the Notes dated October 12, 2020:

• The Company reclassified approximately $2,000,000 of principal due under the Notes from current liabilities to long-term liabilities. The conversion feature on the combined principal and interest (approximately $3,0000,000) was restricted, eliminating the derivative liability associated with this debt and significantly reducing the Company’s total derivative liability (the Company’s total derivative liability was $3,895,484 as of June 30, 2020).

SinglePoint management believes that this restructuring will open up the Company to accretive growth capital that will enable the Company to facilitate and close additional acquisitions in the solar and renewable energy sector that have a historical revenue base and operational profitability which should increase shareholder value.

The combination of the U.S. residential rooftop and commercial solar market presents a massive opportunity for SinglePoint Inc. and Direct Solar of America.  The Company has recently launched its installer acquisition and partnership strategy, leveraging its acquisition of Direct Solar of America, to create a National Solar Network focused on residential and small commercial solar installations.  It is currently estimated that only 3% to 4% of the 84 million eligible homes across the U.S. have rooftop panels. 

Commercial Solar – projects built on businesses, schools, and government buildings present an emerging opportunity for SinglePoint shareholders in 2020 and beyond.  About 3.5% of all commercial buildings have solar and another 1% can be accounted for through community solar subscriptions, where customers buy power from a solar project located in the same utility territory. The addressable market for Commercial Solar equates to approximately 70% of Commercial Buildings in the U.S.

Solar has seen a massive increase in growth over the past years and is projected to continue this growth over the next decade which has been labeled as the Solar+ decade. As recently as last week we have seen the consolidation of Sunrun and Vivint Solar, two of the largest solar companies in the sector. According to Allied Market Research, “The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.”

We believe that our acquisition of Direct Solar of America was well timed and anticipate continued revenue growth and increased market share gains as they recently have expanded to cover 38 states, adding and 30+ states in the last 12 months. The company will continue to capture market share and grow its national sales and installer footprint as evidenced by its recent announcements of partnerships with Standard Eco and Stellar Solar.

About SinglePoint Inc.
SinglePoint Inc. (OTC:SING) is a fully reporting company with core holdings in Solar Energy Services. Learn More at www.singlepoint.com

Connect on social media at:
https://www.facebook.com/singlepointsing
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
For more information visit: www.SinglePoint.com

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

KEYWORDS: Solar, Solar Panels, Residential Solar, Commercial Solar, Solar Funding, Renewable Energy,

Corporate Communication
SinglePoint Inc.
888-OTC-SING
investors@singlepoint.com
www.singlepoint.com

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SOURCE SinglePoint Inc.

PHOENIX, Oct. 15, 2020 – SinglePoint Inc (OTC:SING) is pleased to announce the company’s solar subsidiary Direct Solar of America has signed an agreement with Stellar Energy. The agreement provides Direct Solar of America the ability to sell projects throughout California including residential, and commercial solar as well as Energy Storage systems. This provides an instant growth opportunity as it provides a path to the nation’s leading solar market California. Additionally, it provides Direct Solar of America the ability to offer multiple energy storage solutions as part of the company’s service offerings.  

Congruently, Direct Solar America and Stellar Energy have signed agreements to make Stellar Energy a sales partner for Direct Solar of America in Illinois. We feel this union will significantly increase production for both companies in a very hot and growing market.

“We have been very pleased with the overall workings of completing this agreement. We truly see Direct Solar of America as a leading originator in the industry with a model that has the potential to change how business is done within the solar industry. We are excited to see where the opportunity grows and being able to provide Direct Solar of America the assistance needed to be successful at the largest scale.” 

–Mike Abadi, General Manager, Stellar Energy GP Inc.

“Stellar Energy being the leading company it is provides us access and the opportunity to scale and enter many markets most importantly the California market. The additional access to services will help Direct Solar of America grow to the next level. We are excited to begin deal flow with Stellar. Both companies are productive and bring significant value add to each other. This collaboration can fundamentally improve the dynamic of the company’s growth ability.” 

–Pablo Diaz, CEO, Direct Solar of America

About Stellar Energy
Stellar Energy is one of the nation’s foremost energy storage and solar energy integrators, with complete system design, engineering, procurement, and construction management capabilities.  Stellar Energy navigates the technical, logistical, and regulatory complexities of developing energy storage and solar projects for a wide variety of market segments, including residential homeowners, government and municipal projects, schools and universities, commercial and industrial businesses, and utilities and independent power producers. We are California’s leading experts in the state’s SGIP program, delivering our customers the best possible value and savings in their storage needs. Stellar Energy is headquartered in Petaluma, CA.

About SinglePoint, Inc.
SinglePoint Inc. (OTC: SING) is a fully reporting company with core holdings in Solar Energy Services.  Acquired in May 2019, Direct Solar America, a majority owned subsidiary, now operates its leading national solar sales brokerage model in 38 states.  In the past year Direct Solar America has virtualized its sales platform and has added to its corporate offerings to include Direct Solar Capital (Financial) and Direct Solar Commercial with a focus on financing, designing or developing small to mid-size commercial opportunities and projects.

Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
https://www.youtube.com/user/SinglePointMobile
For more information visit: www.SinglePoint.com  

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

KEYWORDS: Solar, Solar Panels, Residential Solar, Public Solar Company

Corporate Communication
SinglePoint Inc.
888-OTC-SING
investors@singlepoint.com
www.singlepoint.com

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SOURCE SinglePoint Inc.