In First Thirty Days of Direct Solar Purchase, SinglePoints route to Profitability
In First 30 Days of Direct Solar Purchase, SinglePoints route to Profitability, Projecting $7,000,000 Revenue in 2019, Achieved $1,709,460 in Trailing 30 Days
Trailing 30 Days - $1,709,460 in Solar Contracts, $803,769 Gross, $361,541 Net
SinglePoint Inc. (OTCQB ticker symbol SING) is pleased to announce Direct Solar has surpassed everyone’s expectations signing contracts to deploy $1,709,460 in solar installs over the previous 30 days. This revenue should generate approximately $803,769 in gross and $361,541 in net. Operating in just six states and all residential installs, the company has plenty of new opportunities and areas to grow in. Over the course of the next week, Direct Solar will add two more states – Missouri and Florida. The two new states should drive additional revenue and continue the explosive growth of Direct Solar.
These numbers put SinglePoint on the path to profitability from a cashflow standpoint very quickly. Management from both companies are very excited to see the continued growth of Direct Solar through multiple avenues including commercial. Direct Solar is currently negotiating a line of credit for cannabis businesses and other small businesses throughout North America. This provides Direct Solar the ability to not only generate the sale but provide the financing for these business owners.
Quote, “This acquisition puts SinglePoint on a huge trajectory path. This is not only a home run, but a grand slam in our eyes. These revenues and profits provide SinglePoint the ability to be in a profitable cash flow position and the opportunity to aggressively expand sales. For every dollar we are putting into marketing we are seeing a return of five. Expanding in additional major markets would exponentially increase the revenues on top of the already explosive growth,” end quote, states Greg Lambrecht, CEO SinglePoint.
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