SinglePoint secures accretion funding of $ 2,000,000 to drive growth from recent acquisitions

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PHOENIX, March 17, 2021 / PRNewswire / – SinglePoint Inc. (OTC: SING) (“SinglePoint” or the “Company”), a company specializing in providing renewable energy solutions and energy efficient applications to improve health and life, concludes a transaction for an aggregate of $ 2,000,000 into preferred shares, which have a fixed price at which they are converted into ordinary shares. The terms and conditions of the preferred shares can be viewed through the Company’s latest filings in the United States with the Securities & Exchange Commission. Class D preferred subscriptions, executed with GHS Investments, LLC, allow the Company to access additional GHS equity through this equity structure.

The proceeds of the financing will be used for sales and marketing initiatives for the main supplier of solar lead recently acquired by the Company, Wyze Energy, and exclusive distributor of industrial-grade, American-made, energy-efficient air purification technology PureAir box.

“GHS Investments has been a true partner in seeking the long-term growth of the company and in its efforts to achieve these goals through funding. We are excited to continue working with them as we build momentum and propel the company forward. This is another step in the right direction for SinglePoint to solidify its operations, improve its balance sheet and continue towards the overall goal of going public on a national stock exchange ”, adds Wil Ralston President by SinglePoint

Mr Ralston also added an update on the company’s recent subsidiaries: “As schools look to reopen, the need for clean air in classrooms has become the top priority. Again this week, ESSER II funds have been awarded in many states and schools will be able to begin taking action and purchasing the equipment needed to meet established guidelines. Clean Air Box has submitted offers to schools across the country and we hope that new orders will start filling soon and inventory will start shipping. This funding will help meet the company’s goals by adding additional sales support functions among other opportunities that can be capitalized on. ”

In addition to Box Pure Air, SinglePoint will be able to generate new lead acquisitions thanks to its recent acquisition of Wyze Energy. The Company will now have additional working capital to attract more prospects to its existing customers.

“We have accomplished a lot in the past year, from acquisition to debt repayment, which has strengthened the company as a whole. This capital increase is the culmination of all the work we have put in to put the company in place for long term success. With cleaning up the debt and hopefully achieving operational profitability within our existing business units in the near future, we can simply focus on growing shareholder value, ”concluded Mr. Ralston. .

About SinglePoint Inc.

SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiency and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional model of solar and energy storage. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar power as a subscription service, as well as energy efficiencies and additional devices that improve sustainability and a healthier life. For more information, visit the Company’s website (www.singlepoint.com) and connect to LinkedIn and Twitter.

Forward-looking statements

Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 of the Securities Act of 1933 and Rule 3b-6 of the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this press release, including, without limitation, statements regarding the Company’s potential plans and objectives, product use, anticipated growth and expansion future, are forward-looking statements that involve risks and uncertainties. .

There can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the rapid implementation of any strategically important plan described above. The Company assumes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor contact:

JTC Team, LLC
Jenene thomas
833-475-8247
[email protected]

SOURCE SinglePoint Inc.

Related links

https://www.singlepoint.com

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