SING - NetworkNewsBreaks - SinglePoint Inc. (SING) Subsidiary Direct Solar Achieves $3.4M in Contracts in Just 60 Days
Technology and investment company SinglePoint (OTCQB: SING) today announced that Direct Solar has surpassed expectations in signing contracts to deploy $1,709,852 in solar installs over the past 30 days, bringing its two month totals to $3,419,312 in contracts, $1,687,886 in revenue and $757,700 in net. According to the update, most of the revenue derived from these contracts will be recognized throughout the third and fourth quarter. It is expected that the previous 30 days should generate approximately $884,117 in gross and $396,159 in net. SinglePoint and Direct Solar management teams are very optimistic for the company’s future as solar becomes more and more mainstream, and the quick growth proves Direct Solar has found a unique market niche that supports both the customer’s and the contract’s needs.
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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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