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Monday, October 18, 2021

Bulls Take Charge of Singlepoint Inc (OTCMKTS:SING) As Solar Market Heats Up

Singlepoint Inc (OTCMKTS:SING) is making a swift move up the charts running over a penny and trading over $5 million in dollar volume on Friday alone. The Company has been working hard behind the scenes paying down convertible debt, spinning off 1606 Corp. to its shareholders, which will become its own entity as well as planning a 1-for-75 reverse split of its issued and outstanding shares of common stock.

Singlepoint is making big moves in the booming solar space; the Company subsidiaryu Direct Solar of America produce clean energy – converting sunlight into power on Save money, save energy and receive more predictable energy costs through Solar. The Solar market is experiencing exponential growing demand and is expected to reach $223 billion by 2026. To help sustain this growth, there is expected to be significant government support with investing heavily in renewable energy through direct investments, subsidies as well as tax credits. SinglePoint expects to be at the forefront of providing solutions to align with this growing demand.

Singlepoint Inc (OTCMKTS:SING) through its majority owned subsidiary, SinglePoint Direct Solar, operating as Direct Solar of America is focused on providing renewable energy solutions to consumers and small commercial businesses and growing its national footprint, which has grown to operate in 38 states in U.S. during 2020 alone. Through the execution of this model, the Company is leveraging synergistic acquisitions and partnerships to generate revenue in the solar industry by providing renewable energy solutions to consumers and small businesses.  With its initial focus in solar energy, the Company is building a foundation for future expansion opportunities including energy storage, charge points for electric vehicles and solar as a subscription.

Direct Solar of America produce clean energy – converting sunlight into power on Save money, save energy and receive more predictable energy costs through Solar. Energy costs can skyrocket as much as 300% during peak months and hours. Solar will reduce your need for on grid electricity and provide savings for your home and business.

Singlepoint has been working hard behind the scenes; the Company has paid off the remaining balance of a Convertible Secured Note Agreement with GS Capital Partners, LLC (“GS”).  The payoff of the remaining balance eliminates future conversions under the note and removed additional derivative (toxic) debt from the Company’s Balance Sheet. Singlepoint continues to take the right steps to increase shareholder value, implementing and executing on deliberate and sound fundamental strategies to position SinglePoint for a move to a listed exchange.

Earlier this month Singlepoint announced the Company will affect a 1-for-75 reverse split of its issued and outstanding shares of common stock. Additionally, the Company will, on a 1-for-1 basis, spin-off of 1606 Corp. to its shareholders, which will become its own entity. The spin-off and the effectiveness of the reverse stock split will occur after the filing of required documentation with SEC and Finra, and the expiration of proscribed time limits after mailing of materials to shareholders.

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SING

The Company also signed an LOI to acquire EnergyWyze, LLC, a premiere digital and direct marketing firm focused on customer centric lead generation in the solar energy industry. Under the terms of the LOI, SinglePoint will acquire the assets and business relationships, including an extensive database of validated leads, of EnergyWyze to form a premier solar lead generation engine. Additionally, three principals of EnergyWyze with extensive experience from lead generation to closed sales will join SinglePoint as employees to bolster the Company’s marketing team. EnergyWyze currently operates its leading consumer site at www.energywyze.com and its solar business site at www.solarcxm.com.

On January 20 SING released its new corporate presentation, now available on the Company’s website here. SING President Wil Ralston stated: “2021 is poised to be a transformational year for SinglePoint. Our team continues to build momentum and execute on the strategic objectives set out in front of us, including but not limited to, up-listing to a national exchange, establishing a leadership position in the renewable energy sector, and driving shareholder value and long-term growth. As we continue to move forward, we are fully committed to raising awareness of SinglePoint in the investment community and executing a fundamental, strategic investor relations program. We are grateful for the continued support of our shareholders and remain excited about the future of SinglePoint.”

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SING is making a swift move up the charts running over a penny and trading over $5 million in dollar volume on Friday alone. The Company has been working hard behind the scenes paying down convertible debt, spinning off 1606 Corp. to its shareholders, which will become its own entity as well as planning a 1-for-75 reverse split of its issued and outstanding shares of common stock. Singlepoint is making big moves in the booming solar space; the Company subsidiaryu Direct Solar of America produce clean energy – converting sunlight into power on Save money, save energy and receive more predictable energy costs through Solar. The Solar market is experiencing exponential growing demand and is expected to reach $223 billion by 2026. To help sustain this growth, there is expected to be significant government support with investing heavily in renewable energy through direct investments, subsidies as well as tax credits. SinglePoint expects to be at the forefront of providing solutions to align with this growing demand. We will be updating on SING on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with SING.

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Disclosure: we hold no position in SING either long or short and we have not been compensated for this article.

 

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