SinglePoint Acquires Frontline Power Solutions, a Multi-State Licensed Energy Services Company
August 11 2022 - 8:30AM
InvestorsHub NewsWire
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PHOENIX, AZ -- August 11, 2022 -- InvestorsHub NewsWire --
SinglePoint, Inc. (OTCQB:
SING) ("SinglePoint'' or "the Company''), an
acquisition-focused solar energy and sustainable solutions
provider, announced today the acquisition of Frontline Power
Solutions, a Multi-State Licensed Energy Services Company
(ESCO).
Frontline Power Solutions (FPS) is a comprehensive energy
service Company with the ability to operate in deregulated markets
across the country. Frontline Power is licensed in nine states and
has applied for and is awaiting final approval in 12 additional
states. Frontline provides Energy Supply Agreements to all sizes of
commercial, industrial, and institutional properties. In addition
to supplying direct agreements, FPS also lends its expertise to its
clients to help reduce energy consumption, streamline energy
portfolios, and offer other options to lower energy costs.
The strategic acquisition provides SinglePoint with access to an
extensive portfolio of clients while giving those FPS clients
reciprocal access to one of the nation's leading solar power
solutions companies and best-in-class customer service.
Wil Ralston, CEO of SinglePoint, said, "Frontline Power
Solutions is a great addition to SinglePoint. Frontline will round
out our service offerings by providing tremendous opportunities in
the deregulated energy markets. Through Energy Service Agreements
or assistance with installing a client's solar system, SinglePoint
can now assist thousands of commercial clients in their solar
transition."
John Holmes, Founder & CEO of FPS, said, "Our focus has been
supplying commercial energy contracts to large and small
commercial, industrial, institutional, and property management
firms. We facilitate substantial reductions in energy consumption
and spending while streamlining logistical management of their
energy portfolios. By joining SinglePoint, our two companies
benefit from economies of scale and monetizing opportunities more
efficiently and quickly."
The FPS purchase is just the latest in SinglePoint's acquisition
strategy, bringing a growing collection of solar providers and
energy solutions under one corporate umbrella. SinglePoint has
acquired six (6) subsidiaries, including EnergyWyze, BOX Pure Air,
Direct Solar America, Ecodaptive, Boston Solar, and Frontline Power
Solutions.
There are currently 26 U.S. states that offer deregulated power
options which are expected to reach $9 Billion in annual
industry revenues.
About Frontline Power
Solutions
Frontline Power Solutions (FPS) is a comprehensive energy
solutions Company. They are equipped with industry experts who have
been on the "frontline" of energy procurement, sales, marketing,
analysis, and information technology in the power industry since
the dawn of deregulation. The combined intellectual and leveraged
resources translate to unmatched value to their customers. FPS
provides full-service power supply solutions, including supply,
billing, auditing, renewable energy supply, efficiency consulting,
and incentive coordination for large or small enterprises.
SinglePoint Inc.(www.singlepoint.com) 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 social media for
the latest updates.
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within tRule 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, besides statements of fact included in this release,
including, without limitation, statements regarding revenue
projections, financing opportunities, potential plans and
objectives of the Company, anticipated growth, and future
expansion, 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.
Technical and other 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.
Investor Contact:
Tra-Digital IR
Investors@SinglePoint.com
(212) 389 - 9782 ext. 107
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