NetworkNewsBreaks – SinglePoint, Inc. (SING) Moves to Acquire two Companies in the Growing Solar Industry

Technology and investment company SinglePoint (OTCQB: SING) this morning announced its entry into an asset purchase agreement to acquire Direct Solar and AI Live Transfers, two companies providing what has been described as the “Lending Tree Model” for solar business. Per the update, the asset purchase agreement has been signed, and the transaction will be closed upon audit completion. Around the end of April, SinglePoint plans to start recognition of these revenues. “This is a phenomenal opportunity for SinglePoint,” SING President Wil Ralston said in the news release. “This changes the entire financial fundamentals for the company and enables us to continue to push forward with opportunities to continue increasing shareholder value and the overall value of SinglePoint.”

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