Tuesday, 7 January 2020
#Cannabis/ #Solar #Stock News: SinglePoint (OTCQB: $SING) CEO Shares Exciting 2020 Vision; @_singlepoint_
#Cannabis/ #Solar #Stock
News: SinglePoint (OTCQB: $SING) CEO Shares Exciting 2020 Vision;
@_singlepoint_
#SinglePoint Inc. ( $SING) shares a recap of
2019 and direction for 2020
Phoenix, Arizona - January 7, 2020
(Investorideas.com Newswire) To our shareholders:
I personally want to thank all of our 24,000+
shareholders for their continuing support of SinglePoint. This year management
has set an internal goal to surpass $10,000,000 in gross revenues, primarily by
the Company's subsidiary SinglePoint Direct Solar LLC ("Direct Solar"
doing business as Direct Solar of America). 2019 was a great year for
SinglePoint in terms of continued fundamental improvement, setting the
foundation for anticipated continued growth in 2020 and beyond. The Company
achieved some significant milestones this year; it became fully reporting with
the Securities and Exchange Commission, increased annual revenue, and acquired
a Fifty One Percent interest in Direct Solar. We will continue to focus on
creating shareholder value utilizing an acquisition strategy looking for
emerging growth companies that would benefit from exposure and access to
capital that a public company can provide.
Direct Solar now has over 60 people deployed across
11 states and 20 cities. In the 3rd and 4th quarters of 2019 we launched a
national proprietary brand. 1606 Original Hemp capitalizes on the emerging
trend in the smokable hemp market and has already been picked up by distributors
and retail outlets. We also continue to expand our merchant service portfolio.
From 2017 to 2018 our gross revenue increased over
344% and is expected to increase to approximately $3,000,000 (Three Million) in
2019 representing our largest annual reported revenue in company history. In
2020 we expect this revenue increase to continue as SinglePoint will benefit
from a full operating year of Direct Solar.
My belief in SinglePoint is more concrete than
ever. As the CEO and a large shareholder, I have personally invested capital
into the company to expand our growth and operations. SinglePoint has made
tremendous strides in sales revenue and account acquisition which gives me a
high level of confidence and excitement for the future.
In 2020 management is optimistic that the
establishment of solid fundamentals and the continued growth of the Company
provides the opportunity to drive the Company's market cap and overall
shareholder to exceed historical levels. Over the past three years the volume
weighted average price has been approximately $0.05 and our historical average
daily volume has provided significant liquidity for our shareholders.(1)
The 2020 domestic Solar Market is showing continued
signs of riding a new tailwind driven by talks of a New Green Deal. We
anticipate that renewables will continue to be an important issue around the
country, and plan to focus the majority of our attention on growth in the solar
and renewables space. National media attention on the renewable energy
opportunities should provide increased exposure which we believe will help
drive the business, and revenue of Direct Solar, and hopefully increase our
market cap and shareholder value. We are not alone in our belief in the
emerging renewable energy market; recently Goldman
Sachs has announced a $4,000,000,000 fund for
renewable energy.
Vision for 2020
We plan to drive our 2020 vision through organic
growth in high value, high opportunity markets, scale and grow revenue through
synergistic acquisitions, and to invest in and develop exceptional talent
within our organization and our subsidiaries. In mid 2019 we acquired Direct
Solar which has grown at a greater rate than anticipated, and has developed a
scalable business model that is attracting talented industry business
professionals to help accelerate its rapid national footprint expansion. In
just a few months since May 2019 Direct Solar has expanded into multiple states
including Arizona, Texas, New Mexico, Illinois, Florida, Missouri, and South
Carolina.
Direct Solar operates under a unique national solar
energy brokerage model. It helps identify and provide contractors for the
installation of the best available solar energy system for any residential or
commercial location. This model benefits our customers by making sure they see
increased benefits and complete satisfaction, while we make sure they realize
the most optimal cost savings. With various financing options, multiple choices
for Solar Power technology, and 100's of contractors to choose from, our
customers value our extensive experience in creating customized solutions that
meet their needs. We are changing the way people currently purchase solar.
Continuing to scale Direct Solar is a strategic focus for 2020. We continue to
explore additional markets and assess market viability.
In addition to the success of Direct Solar, our
initial investment in Jacksam Corporation also proved to be fortuitous. Jacksam
Corporation continued to grow within its market and eventually went public at
an initial valuation which was higher than our initial investment.
Additionally, our acquisition of Discount Indoor Garden Supplies, Inc.
("DIGS") is beginning to produce positive results. DIGS is an
established business providing white label and fulfillment services for the
hemp and CBD industry. DIGS is self-sustaining and continues to organically
grow providing the company with additional revenue each year. Our early success
with DIGS led us to reinvent SingleSeed which now provides CBD products direct
to consumers at SingleSeed.com. Our exposure to the consumer CBD market allows us to identify early
consumer product trends and opportunities, which we are uniquely positioned to
take advantage of given our historical expertise. In late 2019 we developed and
launched a proprietary brand of hemp products called "1606 Original
Hemp" and 1606hemp.com. We are encouraged by the reception and demand this new product
category received at the 2019 National Association of Convenience Store Show
("NACS"). Our success at NACS with the smokable hemp product allowed
SinglePoint to secure a distribution agreement to distribute PrimeTime Flavored
Cigars with Japan Tobacco USA, a division of Japan Tobacco International which
operates in over 130 countries. I have a long history in the Consumer Product
space and was a part of the initial launch of the PrimeTime product, placing it
in over 25,000 accounts, in conjunction with my involvement at Premium Cigars
International in which I was a principal founder prior to its Initial Public
Offering on NASDAQ.
In closing, I believe best of SinglePoint is yet to
come. I believe we are currently undervalued compared to our historical
valuation range over the past three years, but our continued focus on the
fundamentals of acquiring great businesses in emerging markets is starting to
show results that should increase our shareholder value. I started SinglePoint
over 13 years ago as LifeStyle Wireless. I have been the CEO of this public
entity since 2011, working every day to increase shareholder value. Through
revenue and profit we expect our share price to follow suit. I believe our
acquisitions have the ability to create sustainable revenue growth and
profitability. I am committed to continuing to improve the Company's profile as
evidenced by SinglePoint achieving fully reporting status with the SEC and
listing to the OTCQB. There is more work to do and SinglePoint is up to the
challenge. I am looking forward to more positive results this year and
appreciate the continued support of our shareholders.
-Go SING!
Sincerely
Greg Lambrecht
Founder and Chief Executive Officer
SinglePoint, Inc.
Founder and Chief Executive Officer
SinglePoint, Inc.
About SinglePoint, Inc.
SinglePoint,
Inc (SING) invests in and acquires brands and
companies that will benefit from an injection of growth capital and the sales
and marketing expertise of SinglePoint. The Company's portfolio currently includes
solar, Hemp and distribution tobacco products. SinglePoint is working to grow
the company to a multinational brand.
About Direct Solar of America
Direct
Solar of America is a subsidiary of SinglePoint Inc. (SING). Direct Solar of America, a solar energy brokerage, helps find and
install the best available solar energy system for any building, residential or
commercial.
About DIGS
DIGS operates Private Label Hemp Co which is a seed to
sale full-service private label manufacturer of industrial hemp CBD products
with over 10 years industry experience. All of our products are of the highest
quality and include third party accredited lab Certificates of Analysis (CoA's)
demonstrating purity and potency.
About SingleSeed
SingleSeed is an ecommerce platform distributing multiple brands of hemp CBD
products. We strive for quality in the products we produce and carry.
SingleSeed offers the highest quality USA grown Hemp based CBD Products. We
pride ourselves on providing premium products and customer service to ensure
the best experience possible. SingleSeed offers a variety of CBD products from
tinctures to capsules. Quality CBD you can Trust.
Connect on social media at:
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 revenues, growth, acquisitions, financial
projections, 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.
More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/
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