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SinglePoints’ Bitcoin Wallet SingleCoin Surpasses 12,000 Downloads


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SEATTLE, Oct. 09, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – SinglePoint, Inc. (SING) – announces the recently launched Bitcoin wallet application has surpassed 12,000 installs and is continuing increased activity. Recently the company launched a national TV campaign featuring Kevin Harrington an original Shark on ABC’s hit show Shark Tank.

Fox Business commercial spot -

Nielsen estimates that 69,000 people between the ages of 35-64 were tuned at the time of the commercial airing. We believe this also drove additional traffic to SinglePoint outlets such as their website and YouTube channel which has had over 1,000,000 users visit in the past few weeks.

SinglePoint is working to add Ethereum to the wallet and is currently testing Ethereum on Test network in TestFlight and once completed will roll out support to SingleCoin. Additionally, the company has been receiving feedback on the wallet including some issues with older Android versions. We have pushed an update which should fix errors surrounding this issue. We will continue to provide updates to the app including bug fixes, support of additional tokens as well as the ability to purchase bitcoin and other tokens.  

“This has been a huge success in our eyes. We plan to line up more air time for the commercial. As our user base grows we are able to understand more information about cost of acquisition, time to reach certain bench marks and the ability to go add additional offerings in the goal to monetize this application,” states Wil Ralston – President.

SinglePoint has worked with AppSwarm to develop and launch the bitcoin wallet and will continue to launch additional services such as the application LastMile Delivery. An application supporting businesses with a delivery component and making it easier to manage and track deliveries for both the business and their customers.



The train is leaving the station...


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SinglePoint to Acquire the 'Lending Tree' of Solar, Doubling the Company's Revenues Instantly

Phoenix, Arizona--(Newsfile Corp. - February 26, 2019) - SinglePoint (OTCQB: SING), a fully reporting technology company, is pleased to announce it has signed an asset purchase agreement to acquire Direct Solar and AI Live Transfers. The two companies are providing what has been described as the Lending Tree Model for solar business. With the proposal of The Green New Deal, solar is at the forefront of every conversation and will continue to be top of mind as the nation grows through an "energy shift" to renewable resources such as solar.

According to Zion Market Research, the global Solar Panel Market accounted for USD $30.8 billion in 2016 and is expected to reach USD $57.3 billion by 2022, growing at a CAGR of 10.9% between 2017 and 2022.

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Direct Solar has been on a hockey stick growth pattern. In the past twelve months the company has surpassed $1,500,000* in revenue with approximately 60% gross margins. In February 2019, the company generated approximately $321,230*. Direct Solar and SinglePoint estimate the four quarters following the closing of the acquisition will result in just over $8,230,000 in sales. This is based on numbers that have already been achieved without marketing budget available to the company. The following year, two projections have the company turning a profit of $2,844,288 on revenues of approximately $14,000,000.

Total installed U.S. PV capacity is expected to more than double over the next five years, and by 2023, over 14 GW of PV capacity will be installed annually. This represents a major opportunity for SinglePoint and Direct Solar to exponentially grow and establish a leadership role within the new segment of the burgeoning solar industry.

The asset purchase agreement has been signed, and upon the completion of the audit, the transaction will be completed. SinglePoint plans to start recognition of these revenues around the end of April. "This is a phenomenal opportunity for SinglePoint. This changes the entire financial fundamentals for the company and enables us to continue to push forward with opportunities to continue increasing shareholder value and the overall value of SinglePoint," said Wil Ralston, President, SinglePoint Inc.

Direct Solar is able to move into every state quickly and efficiently because of the proprietary online education technology the company has developed. SinglePoint plans to utilize this edge to pitch Cannabis businesses on the opportunity to save money and increase margins through lowering the cost of utilities through the use of solar.

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