SinglePoint Inc. (SING) CEO Reports NACS Excitement over Hemp Cigarettes, Budding Financial Promise for Direct Solar Subsidiary

  • SinglePoint is researching opportunities through which it can influence the strategy and direction of high-potential companies
  • The company’s CEO recently discussed the multifaceted path forward for SinglePoint on MoneyTV
  • SinglePoint’s ability to market hemp cigarettes at NACS was deemed “perfect timing”

A diversified holding company, SinglePoint Inc. (OTCQB: SING) specializes in the acquisition of small to mid-sized companies. With operations in manifold industries and verticals, SinglePoint offers investors the opportunity to make investments for portfolio appreciation through diversification in various assets. In essence, the company researches opportunities where it can be an active participant by influencing the strategy and direction of high-potential companies. Additionally, SinglePoint’s seasoned leadership team has wide-ranging experience in technology, engineering, marketing, and raising capital.

Recently, SinglePoint CEO Greg Lambrecht provided an update on company happenings during his appearance on MoneyTV with Donald Baillargeon (http://cnw.fm/Uc1zT). Having recently returned from attendance at an important trade show in Atlanta, Georgia – the NACS (National Association of Convenience Stores) show – Lambrecht discussed SinglePoint’s hemp cigarette program as well as the latest news regarding SING’s Direct Solar division (http://cnw.fm/0ZmBE).

Speaking directly from company headquarters in Phoenix, Lambrecht said that SinglePoint is still following up on leads from the NACS show. The company gathered approximately 100 leads, and at least 80 percent of them are interested in placing orders or receiving samples of the company’s hemp cigarettes in consideration of a future order.

SinglePoint presented its hemp-tobacco product to the 20,000-plus attendees of the show. Large retailers and distributors went to the NACS show specifically looking for a hemp cigarette manufacturer or distributor such as SinglePoint, said Lambrecht. This interest comes in large part because of the rising issues regarding vaping and e-cigarettes, including recalls over health-related concerns. Lambrecht noted that these retailers and distributors are looking for product to replace popular vaping options, and he described SING’s ability to exhibit and offer the hemp cigarettes at the show as “perfect timing.”

“The hemp business is really booming, and we’re right on top of it,” Lambrecht stated in the interview. “Our goal is to be, you know, the number one hemp supplier of cigarettes in the country.” Lambrecht observed that the company has shipped plenty of product to its California warehouse in order to have ample inventory on hand to fulfill anticipated orders.

During his segment, Lambrecht explained that over 140,000 convenience stores exist across the country, and the NACS show is well-attended by key buyers for these stores, along with other distributors, jobbers and retailers. Therefore, SinglePoint understands the importance of showcasing its hemp product at this major event.

Additionally, Lambrecht gave an update on the company’s standout subsidiary, Direct Solar. Direct Solar provides premier, cost-effective solar power systems and currently serves 11 states for commercial, municipal, and residential services (http://cnw.fm/A4ozD). Direct Solar continues to produce significant revenues, Lambrecht reported. In fact, SinglePoint expects Direct Solar’s revenue to be so impressive for Q3 that the company may try to release its Q3 financial statements before November 15, 2019 so SING can show shareholders what a considerable revenue increase Direct Solar has seen from Q3 2018. Of note to investors is that Lambrecht reported, “everything is hitting on all cylinders for SinglePoint,” and he expects the company’s stock to follow suit.

SinglePoint continues to take advantage of its proven expertise in developing emerging opportunities in diverse verticals. With dried and smokable hemp flowers being one of the fastest-growing segments of the CBD (cannabidiol) market, SING offers investors the potential for sustained return on investment. SinglePoint is at the forefront of creativity in the hemp cigarette space.

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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