SinglePoint Introduces New CFO to
Accelerate Renewable Energy and Revenue Growth Strategies for
SinglePoints Residential and Commercial Solar Initiatives Primarily
Driven by Direct Solar of America
PHOENIX, AZ -- January 23, 2020 -- InvestorsHub NewsWire -- Mr.
Corey Lambrecht is a 20-year public company executive and rejoins
SinglePoint (OTCQB:
SING) as their new CFO as SinglePoint focuses near term
strategic efforts on expansion of the revenues and national
footprint of its most recent acquisition, Direct Solar of
America. Mr. Lambrecht was a founding investor in the
predecessor company to SinglePoint, Lifestyle Wireless and served
on the Board of Directors post merger with Carbon Credits
International. Mr. Lambrecht has served within numerous public
companies as a senior executive and a board member, actively
involved in strategic capital raises and uplistings to national
exchanges including the OTCQB, AMEX, and NASDAQ capital
markets.
“We couldn’t be more excited to have someone with such broad
experiences in working with growth oriented public companies.
We are looking to continue to broaden the exposure of SinglePoint
and look for ways to continually build shareholder value and
believe that Mr. Lambrecht skills will complement and enhance our
existing management team and current strategy.” Wil Ralston,
President of SinglePoint. “Corey’s previous successful
experience in sustainability, strategic acquisitions, and new
business development is why we’ve invited him to rejoin the company
as we enter 2020 focused on providing additional resources that
will enable scaling our unique solar business model represented by
our acquisition of Direct Solar of America in May 2019.”
In the past few years, SinglePoint has demonstrated a commitment
to building long term shareholder value by continuously improving
the profile of the public company in order to provide value and
liquidity to its nearly 24,000 shareholders. In 2019 the
Company made a key strategic acquisition, became fully reporting
and uplisted to the OTCQB. The recent acquisition of Direct Solar
of America, continues to deliver promising results as it grows and
expands its operations. The primary focus of expanding the
footprint of it’s differentiated business model for residential
solar dictated that the company bring on additional public company
expertise that could help define new opportunities within the solar
market as well as others within the clean and renewable energy
space.
Mr. Lambrecht is a public company executive with broad
experience in sustainability, strategic acquisitions, corporate
turnarounds, new business development, pioneering consumer
products, corporate licensing, interactive technology services in
addition to holding public company executive roles with
responsibilities including day-to-day business operations,
management, raising capital, board communication and investor
relations. He has served as an independent public company
board member and continues to serve on various audit and
compensation committees. Corey is a Certified Director from the
UCLA Anderson Graduate School of Management accredited Directors
program.
“I am excited to re-engage with the SinglePoint and to engage
with Direct Solar leadership teams,” said Lambrecht. “I have spent
the past few months meeting with senior management and business
unit leaders to assess and help prioritize the current business
opportunities available to SinglePoint. SinglePoint is entering an
exciting stage of growth and I am looking forward to helping it
execute against its aggressive growth goals that will ultimately
lead to value creation for our nearly 24,000 shareholders”
Mr. Lambrecht serves on the Board of Advisors for CIRQ+. CIRQ+
is an industry first intelligent platform that has been developed
to meet the demanding market dynamics for properties and Brands
within the hospitality industry. CIRQ+ effectively manages
room-wide energy usage utilizing the latest IoT connectivity in
addition to creating a unique + memorable engagement for guests
while building loyalty and driving new revenue channels to increase
profits and sustainability for the business owners.
Lambrecht previously served as the President and Chief Operating
Officer at Earth911 Inc., a subsidiary of Infinity Resources
Holdings Corporation, from January 2010 to July 2013. He
orchestrated the initial investment interest of Quest Resources
Holdings that was placed under Earth911 Inc. Prior to his
departure, he structured the remaining 50 percent acquisition in
Quest Resource Management Group, LLC (Quest) not already owned by
Infinity's wholly owned subsidiary Earth911, Inc. The company
went on to uplist to the NASDAQ primarily driven by the
consolidation created by the acquisition of the remaining Quest
ownership. During his tenure Quest grew its revenues from less than
$10MM at the time of initial investment to over $120MM, focused on
providing services to leading retailers and manufacturers to ensure
valuable materials were diverted from landfills.
Additionally, at Earth911, Inc. Mr. Lambrecht repositioned the
company and strategically focused the company into two areas
Earth911 Media - A lifestyle and media publishing company with a
focus on healthy, low-waste topics for consumers and Earth911
Recycling Data - The data technology partner for businesses to
create unique consumer engagement opportunities through recycling
intelligence. The company also launched the leading consumer app
iRecycle that allowed consumers to access location based
information to help them reduce, reuse or recycle unwanted
items.
The company added national clients such as Coke, Lowe's,
Staples, Green Mountain Coffee Roasters, Johnson & Johnson,
Exxon-Mobil, BP Castrol, Owens-Corning, Behr, the City of Phoenix,
PepsiCo, and Unilever.
The company also executed strategic partnerships with leading
industry partners such as RecycleBank, TerraCycle Inc., Keep
America Beautiful, Call2Recycle and the Product Stewardship
Institute as well as partnerships with government and industry
associations such as the Environmental Protection Agency (EPA),
Institute of Scrap Recycling Industries (ISRI), the American
Chemistry Council (ACC), the American Coatings Association (ACA),
the American Cleaning Institute (ACI), the American Petroleum
Institute (API), and the Consumer Electronics Association
(CEA).
“The disruptive nature of Direct Solar of America's unique
brokerage model is similar to my experiences during my tenure with
Earth911, Inc., where we acquired an ownership interest Quest
Resources LLC which disrupted the traditional model of commercial
and retail recycling to create the leading landfill diversion
company in North America. It is my belief that the solar and
renewable clean energy category will continue to grow over the
coming years and the ability to scale and roll out a national,
asset light brokerage model focused on providing the best solar
options for residential and commercial consumers is a compelling
business opportunity”
Lambrecht also served as the Executive Vice President and
eventually President of the predecessor company to Infinity, Global
Alerts LLC, a leading Cause Media company focused on the strategic
expansion of its recently acquired national award winning web
portals including AmberAlert.com the leading primary law
enforcement solution focused on the safe return of abducted
children; and Pets911.com the nation's leading pet adoption and
lost and found services.
Since 2007, Mr. Lambrecht has been a Director of CUI Global,
Inc., who has recently brought in additional leadership to sharpen
its focus on the growing opportunities in the Energy and Energy
services markets. He has served multiple terms on the Audit
Committee and currently serves as the Compensation Committee
Chairman. Orbital Gas Systems (Orbital), a CUI Global Company,
is the leader in innovative gas solutions, with more than 30 years
of experience in design, installation and the commissioning of
industrial gas sampling, measurement and delivery systems.
Operating globally within energy, power and processing markets,
Orbital manufactures and delivers a broad range of technologies
including environmental monitoring, gas metering, process control,
telemetry, gas sampling, and BioMethane.
In March 2005, Mr. Lambrecht joined Leveraged Marketing
Associates, an international leader in Licensed Brand Extension
Strategies as its Director of Sales. He provided strategic
consulting services to the organization focused on non-traditional
corporate licensing and business development initiatives.
Mr. Lambrecht is a strategic consultant for American Rebel
Holdings, Inc. and a member of its Board of Directors. Mr.
Lambrecht served on the board of Guardian 8 Holdings since as an
independent director and a member of the Compensation
Committee.
He was instrumental in arranging the financing for the
acquisition of Smith & Wesson Holding Corporation by the
publicly traded Saf-T-Hammer Corp in May 2001, eventually becoming
the company's Executive Vice President. He served as a
strategic advisor prior to officially joining Smith & Wesson
Holding Corporation as the Executive Vice President with continued
responsibility for Smith & Wesson Licensing, in addition to
Smith & Wesson Advanced Technology division, Smith & Wesson
Interactive Marketing division. Mr. Lambrecht was integral and
influential in the early stage strategic turnaround of Smith &
Wesson Corp. post acquisition.
In addition, Mr. Lambrecht was President of A-For-Effort Inc.
From September 1999 through its acquisition by FreeSoftwareInc.com
in March 2002. A-For-Effort was a pioneering interactive marketing
company, which specialized in creating measurable online contests
and advergaming platforms for clients such as the National Hockey
League.
Mr. Lambrecht was the Vice President of Sales and Marketing, for
ProductExpress.com, engaged in the business of conducting
fulfillment, high-speed internet order processing, and e-business
services and one of the pre-NASDAQ IPO (1997) founders of Premium
Cigars International, a national and international distributor of
premium cigars. Mr. Lambrecht served as PCI's Sales Director and
pioneered the company's introductory rollout of PrimeTime™ tobacco
products to over 15,000 North American accounts in the first six
months.
SinglePoint is making headway into positioning the company as a
leader in the solar industry, fulfilling a unique niche in the
market. According to a report by
SEIA, the leading industry association, “The U.S. installed 2.6
gigawatts (GW) of solar PV capacity in Q3 2019 to reach 71.3 GW of
total installed capacity, enough to power 13.5 million American
homes. Residential solar saw its best quarter in history in Q3, and
the utility-scale solar pipeline now stands at a record 45.5 GW in
Q2. Total installed U.S. PV capacity is expected to more than
double over the next five years.”
About Direct Solar America
Direct Solar is a subsidiary of SinglePoint Inc. (OTCQB:
SING). Direct Solar America, a solar energy brokerage, helps
find and install the best available solar energy system for any
building, residential or commercial.
For more information visit:
http://www.directsolaramerica.com/
https://www.facebook.com/directsolaramerica/
https://www.linkedin.com/company/direct-solar-america
About SinglePoint Inc.
SinglePoint, Inc. (SING)
invests in and acquires brands and companies that will benefit from
an injection of growth capital and the sales and marketing
expertise of SinglePoint. The Company’s portfolio is focused on
renewable energy specifically solar and has holdings in hemp and
payments. SinglePoint is working to grow the company to a
multinational entity.
Connect on social media at:
https://www.facebook.com/SinglePointMobile
https://twitter.com/_SinglePoint
https://www.linkedin.com/company/singlepoint
For more information visit: www.SinglePoint.com
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,
including but not limited to the growth of our solar operations and
hemp based products 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.
Unforeseen complications, which may arise, could prevent the
prompt implementation of any strategically significant plan(s)
outlined above. The Company undertakes no duty to revise or update
any forward-looking statements to reflect events or circumstances
after the date of this release.
Corporate Communication
SinglePoint Inc.
855-711-2009
investors@SinglePoint.com
SinglePoint.com
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