SinglePoint (OTCQB: SING) on Friday announced a new video during which its CEO Greg Lambrecht joins MoneyTV with Donald Baillargeon to discuss the latest commercial deal, covering an Illinois-based office complex and parking stalls, landed by the company’s subsidiary, Direct Solar America. According to the update, the company has executed the energy services development agreement with the client, as well as the co-development compensation agreement with Lux Power LLC. The client has agreed to and executed the solar power purchase agreement and is awaiting final approval from the financing source. The project’s estimated value is approximately $1.75M and covers the commercial solar system components for the office complex roof as well as the existing parking lot structure. This specific commercial project’s estimated value is roughly 50 times greater than the historical residential rooftop solar installation, which can average between $30K to $35K per installation.
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About SinglePoint, Inc.
Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.
NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://nnw.fm/SING
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