SinglePoint Inc. Provides Letter to Shareholders and 2022 Business Outlook SinglePoint Inc. Provides Letter to Shareholders and 2022 Business Outlook 2022 poised to become the most significant growth year for the CompanyPhoenix, AZ, January 25, 2022 - Sing
January 26 2022 - 8:00AM
InvestorsHub NewsWire
2022 poised to become the most
significant growth year for the
Company
Phoenix, AZ -- January 26, 2022 --
InvestorsHub NewsWire -- SinglePoint Inc. (OTCQB:
SING) (“SinglePoint” or “the Company”), a
company focused on providing renewable energy solutions and
energy-efficient applications to drive better health and living,
today provided the following letter to shareholders and business
outlook for 2022:
Dear
Shareholders,
I am writing to thank you for your
support of the Company as I have made necessary changes
to deliver consistent business growth with meaningful revenue
and ultimately increased shareholder value. While we have
accomplished a lot this year, our accomplishments have not been
reflected in the overall value of the company, specifically the
market cap which I believe is
undervalued.
I am happy to share that 2022 is
poised to become the most significant growth year for the Company.
Our guidance for 2022—$20,000,000 revenue through our solar
division—is on track. We have developed the people and processes to
achieve this goal.
We are excited to report that BOX
Pure Air successfully completed its first seven figure order. As we
mentioned last week, achieving market penetration in the air
purification vertical is truly an x-factor that is poised to
generate $5,000,000 near-term and exponentially more long-term. To
put this number in perspective, BOX Pure Air’s first seven figure
order was placed by a small school district in North Carolina,
which we first approached in March 2020. The school sales cycle is
multi-layered and requires persistence and patience. BOX Pure Air
is pleased to report that it is moving forward in the sales cycle
with several large school districts and individual schools. While
capture is difficult to forecast, $121 billion in federal funding
has been set aside for air purification in
schools.
As we continue our growth through
acquisition strategy, our announced transactions and
transactions-in-discussion have been targeted to add $30-$50
million in revenue in 2022. As you know, we have transitioned from
targeting startup businesses to identifying and acquiring
businesses with both a history of success and management teams that
are aligned with our mission, our goals, and our
values.
We appreciate the continued
support of our capital partners such as GHS, who was key to our
successful restructure, and we look forward to the continuing
dedication of our SinglePoint team members and the enthusiastic
participation of our subsidiaries as we execute our growth
strategy.
SinglePoint is committed to
generating more revenue in 2022 than our companies have posted in
their combined histories. To achieve this goal, I have defined
robust revenue goals for our companies and set high expectations
for our people. We have an extraordinary slate of leaders who have
built competent and dedicated teams committed to aggressively
pursuing our goals.
While 2021 could be characterized
as the year of headwinds and seemingly impossible challenges, we
successfully refined our focus, restructured our leadership teams,
and executed strategies that streamlined processes and realized
efficiencies. I am proud of our teams and partners who faced the
year’s challenges with courage and resolve, resulting in these
incredible
accomplishments:
- Acquired premier solar lead
generator EnergyWyze, LLC;
- Rolled out artificial intelligence
technology to further the touchless sales
process;
- Eliminated outstanding convertible
notes;
- Acquired Box Pure Air, LLC to sell
AIRBOX, an american made, high-proficiency energy efficient air
purification technology;
- Secured initial and repeat school
purchase orders of AIRBOX;
- Qualified and listed on the OTCQB
Exchange; and
- Engaged and completed strategic
review resulting in process-driven efficiencies, implementation of
data-driven growth, and vertical integration of
subsidiaries.
Engaging
in a tough and honest assessment of our business, we developed a
path forward that we believe will drive significant value and
position SinglePoint as a market leader in the renewable
energy and sustainable lifestyle markets with environmentally
friendly products that deliver energy efficiencies and healthy
living
solutions.
We look
forward to 2022 as a year of tailwinds. Tailwinds driven by
consumers’ needs and desires for more sustainable, environmentally
friendly ways to produce energy and the present and growing demand
for indoor air ventilation, airflow, and purification. Tailwinds
driven by closing
the appropriate accretive capital to finalize acquisitions, such as
Boston Solar—a premier solar energy solution provider that aligns
perfectly with our strategy. And tailwinds from our investment in
people and processes, now paying dividends in sales, reputation,
and future
business.
SinglePoint is dedicated to empowering communities to
have better environments both inside and outside through leveraging
a portfolio of industry-leading
renewable energy solutions. Now more than
ever, there is a tremendous need for renewable energy solutions and
healthier environments that make for better living. We believe we
are well-positioned to address those needs and provide value to the
market. We will continue to provide additional accretive products
that improve quality of life both indoors and
outside.
In addition to advancing our
renewable energy solutions and energy-efficient applications to
drive better health and living, we are committed to engaging with
the industry and investment communities by actively participating
in meetings and key conferences. We encourage you to stay up to
date with our activities by visiting our
website, singlepoint.com,
and connecting with us on Twitter, LinkedIn, Facebook,
and YouTube.
I am truly committed to continuing
to build the company around our mission: harmonizing people and
planet. Thank you for your continued support. Our future is bright.
We are excited for what is to
come!
Best,
Wil
Ralston
CEO, SinglePoint,
Inc.
About
SinglePoint
Inc.
SinglePoint Inc. is a renewable energy and
sustainable lifestyle company focused on providing environmentally
friendly energy efficiencies and healthy living solutions.
SinglePoint is initially focused on building the largest network of
renewable energy solutions and modernizing the traditional solar
and energy storage model. The Company is also actively exploring
future growth opportunities in air purification, electric vehicle
charging, solar as a subscription service, and additional energy
efficiencies and appliances that enhance sustainability and a
healthier life. For more
information, visit the Company's website
(www.singlepoint.com)
and connect on LinkedIn and Twitter.
Forward-Looking
Statements
Certain
statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act
of 1933 and Rule 3b-6 under 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
release, including, without limitation, statements regarding
potential future plans and objectives of the Company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such
statements.
Investor
Contact:
JTC
Team, LLC
Jenene
Thomas
833-475-8247
SING@jtcir.com
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