SinglePoint, Inc. (SING)
SinglePoint, Inc. (SING) is a diversified holding company with operations in multiple industries and verticals, including several high-performing market sectors such as solar energy, hemp and technology applications. SinglePoint has grown from a full-service mobile technology provider into a recognizable brand with a diverse portfolio of undervalued subsidiaries benefitting from multiple revenue streams. The company seeks to acquire businesses and build brands based on technology solutions it believes will increase efficiencies across various markets. SinglePoint strives to create long-term value for its shareholders by helping its partner companies increase their market penetration, grow revenue and improve cash flow.
SinglePoint continues to provide its expertise to fuel the growth of technology-driven businesses and emerging growth opportunities in consumer products and solar. The company typically acquires a significant equity stake in these business units. In many, but not all cases, SinglePoint is actively involved in the operation, influencing development through board representation and management support, in addition to the influence exerted through its equity ownership.
SinglePoint is working to grow its operation into a multinational brand in numerous thriving sectors, providing investors the opportunity to make investments across a wide range of assets.
SinglePoint Positioned to Surge in Solar – The Bullish Outlook on the Upcoming Solar+ Decade and the Future of Energy in America
Renewable energy, specifically solar, continues to show a bullish outlook and trend. The appetite of residential consumers, energy-hungry businesses, and factories are expected to be the biggest driver of the solar power boom as clients looking for solar power options exploit falling costs to help cut their energy bills. In May 2019, SinglePoint bought 51% of Direct Solar America (as defined below), a solar brokerage company headquartered in Phoenix, Arizona. A SinglePoint subsidiary, Direct Solar America helps find and install the best available solar energy system for any residential or commercial location. Direct Solar America handles all the paperwork and system requirements, resulting in clean, hassle-free renewable energy that reduces the need for reliance on grid electrical systems.
Direct Solar America works with licensed, vetted contractors in each state, which assures customers of the best values and optimal cost savings. The company recently boosted its virtual sales force and commitment to customers with a no pressure sales environment that provides the best options for installation and financing.
Since May 2019, Direct Solar America has expanded into over 25 states. SinglePoint anticipates significant and sustained growth as Direct Solar America expands its national footprint into additional states with its unique and scalable residential solar brokerage model. New market expansion and increased efficiencies are expected to deliver continued revenue growth within the Direct Solar America residential business unit.
The Solar Energy Industries Association's (SEIA) 2019 Year in Review notes that solar accounted for 40% of all new electric generating capacity in 2019, its highest ever share and more than any other energy source. Total installed U.S. PV capacity is expected to double over the next five years, according to the SEIA. The association is calling the next decade the "Solar+ Decade," an era in which the industry will become the dominant source of new electricity generation. The 2020s won't just be the Solar Decade – it will be the Solar+ Decade, where Solar + Storage, Solar + Grid Modernization, Solar + Diversity, Solar + Trade, Solar + Finance, and many other collaborations shape the future of energy in America.
SinglePoint is positioning itself as a leader in this growing economy, fulfilling a unique niche in the market. The company has created commercial and capital business units committing internal capital and resources – and is forging relationships with industry and strategic segment-specific business partners – to address these opportunities.
Combustible Hemp – one of the fastest-growing sectors of the hemp industry is smokable hemp, growing 500% from 2017 to 2018
Hemp products were legalized for commerce with the passing of the 2018 Farm Bill. As a result, hemp is now everywhere, and the market is predicted to exceed $26.0 billion by 2025. SinglePoint's 1606 Original Hemp brand, launched at the MJBizCon show in Las Vegas, Nevada, continues to expand into new accounts as consumers display an increasing appetite for products that deliver the benefits of CBD (cannabidiol). The company's proprietary smokable hemp products, sold under the 1606 Original Hemp brand, are designed for retail that capitalizes on this emerging trend in the smokable hemp market.
Smoking hemp is one of the fastest delivery methods of CBD into the body. Each pre-roll contains less than 0.3% THC and nearly 20% CBD. When inhaled, CBD is in direct contact to the lungs and transfers straight into the bloodstream, resulting in an immediate calm and relaxation of the body.
1606 Original Hemp is American grown, harvested and cured. 1606 provides a smooth alternative to tobacco products with filtered pre-rolls providing consumers the therapeutic benefits of CBD, other cannabinoids, and terpenes. Sustainable farming techniques, biodegradable filters and third-party testing for quality, compliance and safety set 1606 Original Hemp apart from competitors.
Smokable Hemp further enjoys a competitive advantage over traditional tobacco products in that it is not governed by the recently adopted federal regulations mandating that the national minimum smoking age be raised to 21 years or older.
Klen Hands is a wholly owned brand developed and manufactured by SinglePoint. The company produces 70% ethyl alcohol hand sanitizer products with the added ingredient of Hemp Seed Oil to add hydration to a product that has historically dried out the skin. Klen Hands uses a water-soluble formula that allows for the moisturizing elements to be more efficiently absorbed. Convenient and easy application makes Klen Hands perfect for people on the go. As an alternative to soap and water, Klen Hands hand sanitizer is good to use when a handwashing station is not readily available. It is important to use hand sanitizer immediately after contact with another person such as shaking hands, touching anywhere on your face, removing garbage or anytime you feel it is needed.
- Suitable for all skin types
- 70% Ethyl Alcohol
- Moisturizing Hemp Seed Oil and Aloe
- Made in the USA
SinglePoint's payment processing solutions are designed to meet the specific needs of a wide variety of business sectors including retail, MOTO (mail order/telephone order), retail with tip, internet/e-commerce, restaurants, mobile and even high-risk businesses such as cannabis/hemp.
The company is guided by a visionary leadership team with extensive experience in technology, engineering, marketing and raising capital.
SinglePoint CEO and founder Greg Lambrecht leads the company in its mission to capture opportunities through an aggressive expansion strategy across a broad range of assets. Lambrecht oversees all company operations including investor relations, leadership of the board of directors, and daily business activities. As the founder of PCI, a leading consumer product distribution company, Lambrecht negotiated agreements with the nation's largest retail outlets and led PCI through a NASDAQ listed IPO, raising $10 million.
Eric Lofdahl, SinglePoint's chief technology officer, has more than 20 years of experience in the technology sector including positions in software development, program management, complex system integration and engineering process definition. Prior to SinglePoint, Lofdahl worked at the Boeing Company where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force.
SinglePoint President Wil Ralston is well-known for his successful track record of building and maintaining great relationships with clients. Ralston graduated cum laude from the WP Carey School of Business at Arizona State University with a degree in Global Agribusiness and a specialization in Professional Golf Management.
Corey Lambrecht, CFO, has broad experience as a 20-year public company executive. He has served within numerous public companies as a senior executive and board member, actively involved in strategic capital raises and uplistings to national exchanges including the OTCQB, AMEX and NASDAQ capital markets. Lambrecht is a certified director from the UCLA Anderson Graduate School of Management accredited directors program.