SinglePoint to Acquire the ‘Lending Tree’ of Solar, Doubling the Company’s Revenues Instantly
SINGLEPOINT INC (SING)
NASDAQ:AMEX Investor Relations:
ir.singlepoint.com
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Source: GlobeNewswire
SinglePoint’s NEW GREEN DEAL PHOENIX, Feb. 26, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- SinglePoint (OTCQB:SING) a fully reporting technology company, is pleased to announce it has signed an asset purchase agreement to acquire Direct Solar and AI Live Transfers. The two companies are providing what has been described as the Lending Tree Model for solar business. With the proposal of The Green New Deal, solar is at the forefront of every conversation and will continue to be top of mind as the nation grows through an “energy shift” to renewable resources such as solar. According to Zion Market Research, the global Solar Panel Market accounted for USD $30.8 billion in 2016 and is expected to reach USD $57.3 billion by 2022, growing at a CAGR of 10.9% between 2017 and 2022. Direct Solar has been on a hockey stick growth pattern. In the past twelve months the company has surpassed $1,500,000* in revenue with approximately 60% gross margins. In February 2019, the company generated a
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