Business
SinglePoint CEO Shares Exciting 2020 Vision
SinglePoint CEO Shares Exciting 2020 Vision.
About this update from Singlepoint, Inc.
[{"type":"text","content":"\n SinglePoint Inc. (OTCQB: SING) shares a recap of 2019 and direction for 2020 Phoenix, AZ, Jan. 07, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- To our shareholders: I personally want to thank all of our 24,000+ shareholders for their continuing support of SinglePoint. This year management has set an internal goal to surpass $10,000,000 in gross revenues, primarily by the Company’s subsidiary SinglePoint Direct Solar LLC (“Direct Solar” doing business as Direct Solar of America). 2019 was a great year for SinglePoint in terms of continued fundamental improvement, setting the foundation for anticipated continued growth in 2020 and beyond. The Company achieved some significant milestones this year; it became fully reporting with the Securities and Exchange Commission, increased annual revenue, and acquired a Fifty One Percent interest in Direct Solar. We will continue to focus on creating shareholder value utilizing an acquisition strategy looking for emerging growth companies that would benefit from exposure and access to capital that a public company can provide.  Direct Solar now has over 60 people deployed across 11 states and 20 cities. In the 3rd and 4th quarters of 2019 we launched a national proprietary brand. 1606 Original Hemp capitalizes on the emerging trend in the smokable hemp market and has already been picked up by distributors and retail outlets. We also continue to expand our merchant service portfolio. From 2017 to 2018 our gross revenue increased over 344% and is expected to increase to approximately $3,000,000 (Three Million) in 2019 representing our largest annual reported revenue in company history. In 2020 we expect this revenue increase to continue as SinglePoint will benefit from a full operating year of Direct Solar. My belief in SinglePoint is more concrete than ever. As the CEO and a large shareholder, I have personally invested capital into the company to expand our growth and operations. SinglePoint has made tremendous strides in sales revenue and account acquisition which gives me a high level of confidence and excitement for the future.  In 2020 management is optimistic that the establishment of solid fundamentals and the continued growth of the Company provides the opportunity to drive the Company’s market cap and overall shareholder to exceed historical le...