SING - SinglePoint Inc. (SING) CEO Forecasts Revenues of More than $6M for Solar Division in 2019
- SinglePoint’s CEO said in an interview that SING sold $3 million in solar contracts in its first 60 days of selling to commercial accounts; he forecasts that the company could reach $7 million in sales by the end of 2019
- SING aims to generate $10 million to $12 million in solar sales in 2020, with government subsidies and commercial financing driving revenue
- The company is also looking at white-labeling opportunities available through SING’s marketing of American hemp cigarettes
SinglePoint Inc. (OTCQB: SING) CEO Greg Lambrecht said in an interview on the RedChip Money Report that SING could realize a revenue trajectory rate from its Direct Solar of America division of $6 million to $7 million in 2019 and $10 million to $12 million in the following 12 months. Keys to the impressive numbers, Lambrecht pointed out, have been the company’s expansion to larger commercial solar installations, the role of government state subsidies and available financing (http://nnw.fm/L7p18).
In its first 60 days of selling to commercial accounts, such as small and mid-sized businesses, SING’s solar entity sold some $3 million in contracts representing $700,000 in gross profit, according to Lambrecht. “We are looking at a trajectory rate of maybe $6 million to $7 million this year and...
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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