Business
SinglePoint Subsidiary Direct Solar of America Continues National Footprint Expansion
SinglePoint Subsidiary Direct Solar of America Continues National Footprint Expansion.
About this update from Singlepoint, Inc.
[{"type":"text","content":"\n Adding Two Additional Markets, Minnesota and Wisconsin, focusing on Market Expansion and Continued Revenue Growth in 2020 Phoenix, Arizona, Feb. 25, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- SinglePoint Inc. (OTC:SING) is pleased to announce Direct Solar of America is continuing to expand its national solar brokerage footprint meeting increased consumer and customer demand for solar solutions for their homes and businesses by announcing the addition of two additional markets, Minnesota and Wisconsin.  The Direct Solar of America model allows for national scalability which enables us to increase revenues by entering new markets without significant operational start up costs due to the leverage from our existing infrastructure.  As reported in the Star Tribune, Legislators in Minnesota recently outlined their 2020 agenda including a requirement that all the electrical energy generated for the state come from carbon-free sources such as wind and solar power. Solar power is getting its time in the sunlight. “It’s growing at about 30 percent per year,” explained Greg Nemet, professor of public affairs at the University of Wisconsin-Madison. “There are studies that say solar could be 50 percent of our electricity within 10, 15 or 20 years.” “Solar is for real now and … people are installing solar because it’s the cheapest way to make electricity, even in a place like Wisconsin. I would expect to see more of that.” “This is an exciting time for the company as the appetite for solar and energy storage solutions continue to rise, we look forward to continuing to add markets such as Wisconsin and Minnesota to fuel our growth in the residential and light commercial sector,” states Greg Lambrecht, Chairman & CEO of SinglePoint. “The solar and clean energy solutions (both in the Americas and globally) have undergone enormous change over the last decade and we feel the acquisition of Direct Solar of America has firmly positioned SinglePoint and its stakeholders to take advantage of the opportunities created by these changes as we move into the next 10 years that is being described as the Solar+ Decade.” Enhanced revenue outlook, powered by solar, continues in 2020 Last week the company reaffirmed previous announcements regarding the 2019 Unaudite...