NetworkNewsBreaks – SinglePoint, Inc. (SING) Ann
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Posted On: 06/04/2019 3:46:12 PM
NetworkNewsBreaks – SinglePoint, Inc. (SING) Announces Over $421K in Direct Solar Secured Contracts Since Acquisition
Technology and investment company SinglePoint (OTCQB: SING) today announced that, since completion of the acquisition, Direct Solar has secured $421,808 in solar installation contracts. According to the update, SinglePoint expects most of Direct Solar-driven revenue to be recorded on third quarter financial statements. “We are very pleased with the performance of Direct Solar and their entire team,” SinglePoint President Wil Ralston said in the news release. “Since closing the acquisition they have really outperformed everyone’s initial expectation. The goal was $1,000,000 a month after 90 days and it would appear, we are going to hit that sooner than anticipated. In addition to this major success in residential the team is also working on a small business funding relationship that would provide Direct Solar the ability to qualify small business customers and lend out up to $100,000,000 for solar projects. The funding for this market is very sparse right now and we believe this option with our funding partner will put us in the leadership position to attack this major market.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Technology and investment company SinglePoint (OTCQB: SING) today announced that, since completion of the acquisition, Direct Solar has secured $421,808 in solar installation contracts. According to the update, SinglePoint expects most of Direct Solar-driven revenue to be recorded on third quarter financial statements. “We are very pleased with the performance of Direct Solar and their entire team,” SinglePoint President Wil Ralston said in the news release. “Since closing the acquisition they have really outperformed everyone’s initial expectation. The goal was $1,000,000 a month after 90 days and it would appear, we are going to hit that sooner than anticipated. In addition to this major success in residential the team is also working on a small business funding relationship that would provide Direct Solar the ability to qualify small business customers and lend out up to $100,000,000 for solar projects. The funding for this market is very sparse right now and we believe this option with our funding partner will put us in the leadership position to attack this major market.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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