SinglePoint (OTCQB: SING) this morning reported preliminary, unaudited 2019 annual results. Among other highlights from the update, the company reportedly achieved more than $3,300,000 in revenue for 2019, representing an increase of 190% from 2018. In roughly six months of operation, $2,000,000 in revenue was derived directly from the company’s solar division, Direct Solar of America. Moving forward, SING plans to focus on Direct Solar and the company’s proprietary brand of smokable hemp, 1606 Original Hemp. “I am confident that our business units will continue to grow which translates to SinglePoint being in a better position than we have ever been. We believe the successful operating results in 2019 will continue into 2020 driving our value past historical values to new heights,” SinglePoint CEO Greg Lambrecht stated in the news release. “In my opinion, it’s never been a better time to be a shareholder of SinglePoint; we have growing business units in thriving sectors, we have recently become a fully reporting public company and are committed to continuing to enhance shareholder liquidity by uplisting to the appropriate exchange that allows investors to confidently invest in the company due to its trading volume.”
To view the full press release, visit http://cnw.fm/SAn8N
About SinglePoint, Inc.
Founded in 2011 SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. 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://cnw.fm/SING
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