SinglePoint Inc. (SING) CEO Forecasts Revenues of More than $6M for Solar Division in 2019

  • SinglePoint’s CEO said in an interview that SING sold $3 million in solar contracts in its first 60 days of selling to commercial accounts; he forecasts that the company could reach $7 million in sales by the end of 2019
  • SING aims to generate $10 million to $12 million in solar sales in 2020, with government subsidies and commercial financing driving revenue
  • The company is also looking at white-labeling opportunities available through SING’s marketing of American hemp cigarettes

SinglePoint Inc. (OTCQB: SING) CEO Greg Lambrecht said in an interview on the RedChip Money Report that SING could realize a revenue trajectory rate from its Direct Solar of America division of $6­ million to $7 million in 2019 and $10 million to $12 million in the following 12 months. Keys to the impressive numbers, Lambrecht pointed out, have been the company’s expansion to larger commercial solar installations, the role of government state subsidies and available financing (http://cnw.fm/Lnw7J).

In its first 60 days of selling to commercial accounts, such as small and mid-sized businesses, SING’s solar entity sold some $3 million in contracts representing $700,000 in gross profit, according to Lambrecht. “We are looking at a trajectory rate of maybe $6 million to $7 million this year and…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Leave a Reply