SING - SinglePoint buys remaining 49% of Box Pure Air

2023-10-19 06:19:45 ET

• SinglePoint ( OTCQB:SING ) Thursday announced acquisition of the remaining interest of Box Pure Air LLC and a new leadership team to deliver on the remainder of the allocated funding available to the company through the initial $5M Grant Award Notification through the California EANS program.
• Currently the company has approximately $800,000 in approved orders pending shipment.
• "This transaction allows SinglePoint to direct sales efforts and capitalize on the over $121B federally allocated to enhance indoor air quality in our nation's schools," stated Wil Ralston, CEO of SinglePoint.

• SinglePoint also retains minority interest in Ballistic Product America, LLC.

• Ballistic has entered into an agreement with SinglePoint in which it Ballistic agrees to pay to SinglePoint, as a periodic royalty, five percent of the gross revenue of sales of the Ballistic Barrier products by Ballistic until such amounts total $2.5 million dollars.

• The company is finalizing an agreement to add a Senior Vice President of Business Development who will focus on increasing revenues, product offerings and solutions in order to best position the company in the event of a sale or merger.
• Source: Press Release

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