- SinglePoint specializes in the acquisition of small to mid-sized companies, with a focus on new technologies
- The company attended the NACS (National Association of Convenience Stores) show to unveil its hemp cigarettes
- SinglePoint’s Direct Solar subsidiary continues to flourish
Based in Phoenix, Arizona, SinglePoint Inc. (OTCQB: SING) focuses on diversification into horizontal markets. The Company concentrates on researching opportunities where it can be active within an enterprise by influencing its direction and strategy. Specifically, as of late SinglePoint has shifted its focus to two promising products: its line of Pure American Hemp Cigarettes and its booming solar subsidiary, Direct Solar.
Recently, SinglePoint CEO Greg Lambrecht appeared on a segment of MoneyTV discussing the company’s attendance at a major trade show in Atlanta, Georgia – the National Association of Convenience Stores (NACS) show (http://ibn.fm/ECjQS). The NACS show took place October 1-4, 2019, and it attracted an estimated 23,500 industry stakeholders from around the world (http://ibn.fm/TKW01).
Lambrecht noted on the show that big retailers and distributors are going to the NACS show looking for a hemp cigarette manufacturer or distributor such as SinglePoint. The SING executive said that his company has put in considerable time preparing a direct-marketing effort to present its proprietary hemp product to attendees of the show.
SinglePoint is featuring its Pure American Hemp Cigarettes at the show, and according to Lambrecht, five distributors are seeking deals with the company before the NACS show even begins. This interest is a sign that SinglePoint is ahead of the game in this nascent market, with success coming before the show even hits full stride. The company has a meeting room set aside at NACS, and people have already signed up to meet with SinglePoint management to discuss the company’s products and initiatives.
What bodes well for SinglePoint is market supply and demand. The demand certainly appears to be there. A year ago, supply may have been an issue as the industry was getting on its feet. This year, however, Lambrecht noted that more farmers are growing hemp flower, and SinglePoint anticipates no problems meeting market demand.
Lambrecht also discussed SinglePoint’s subsidiary Direct Solar during the MoneyTV interview. Through Direct Solar, the company provides first-rate, cost-effective, solar power systems. At present, Direct Solar provides Arizona, parts of Texas and Southeast New York with commercial, municipal and residential services (http://ibn.fm/eI47K). For solar installation, Direct Solar handles paperwork, permits, system requirements, and everything else required.
Lambrecht noted that Direct Solar “continues to hit its numbers,” surpassing its forecasts every month as the subsidiary continues to sign new deals. Direct Solar also has launched a new commercial division, and the business section has 12 projects in its pipeline. Direct Solar remains a steady revenue profit center for SinglePoint, earning an estimated $1 million a month in contracts.
SinglePoint remains dedicated to its mission of providing return from diverse verticals. For investors, SinglePoint’s diversified model offers a premier platform for sustainable growth and expansion in important markets.
For more information, visit the company’s website at www.SinglePoint.com
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://ibn.fm/SING