#ExploringMining #Podcast Episode 93 – News from (NYSE: $BRK_B) (NYSE: $GOLD) (NYSE: $NEM) (NYSE: $KL) (TSXV: $BNCH.V) (TSXV: $AMK.V) (TSX: $IVN.TO)

#ExploringMining #Podcast Episode 93 – News from (NYSE: $BRK_B) (NYSE: $GOLD) (NYSE: $NEM) (NYSE: $KL) (TSXV: $BNCH.V) (TSXV: $AMK.V) (TSX: $IVN.TO)

 

 

Point Roberts WA, Delta BC, August 18, 2020 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/081820-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2020/exploring-mining/08181BRK-GOLD-NEM-KL-BNCH-AMK-IVN.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts

Listen to Exploring Mining on Spotify

 

CNN reports that multinational conglomerate Berkshire Hathaway (NYSE:BRK-B), whose CEO Warren Buffett is famously averse to gold as an investment, bought a stake in Barrick Gold Corporation (NYSE:GOLD). The news dropped on Friday, and led to Barrick’s stock to “soar nearly 12%” yesterday. Buffett has historically disparaged gold, saying, “if you own one ounce of gold for an eternity, you will still own one ounce at its end."

 

Newmont Corporation (NYSE:NEM) has signed a Strategic Alliance Agreement with Kirkland Lake Gold Ltd. (NYSE:KL) to :jointly assess regional exploration opportunities around Newmont’s Timmins properties and Kirkland’s Holt Complex in Ontario, Canada.” According to the press release, the agreement involves Newmont’s acquiring an option rom Kirkland on the mining and mineral rights subject to a royalty payable by Newmont to Royal Gold, Inc. in exchange for a $75 million payment to Kirkland Lake Gold.

 

Benchmark Metals Inc. (TSXV:BNCH) has entered into an agreement with Sprott Capital Partners LP for private placement financing of up to $21 million for its gold-silver resource drilling program. The funding, according to the press release, will be used for: “Expansion of the 2020 drilling program up to 70,000 metres,” “Planning for a drill program in 2021 of up to 100,000 metres,” and “Detailed development and engineering work to enable a future mining decision.”

 

American Creek Resources Ltd. (TSXV:AMK) has significantly expanded its D1-McBride property in British Columbia's Golden Triangle. According to the press release, “the new claim block encompasses an area of approximately 2,600 hectares immediately adjacent to and surrounding the Corporation's original 34-hectare D1-McBride property,” and “is host to a galena and gold bearing quartz/calcite vein system.”

 

Ivanhoe Mines (TSX:IVN) has entered into a strategic partnership agreement with China Nonferrous Metal Mining Group Co., Ltd. (CNMC) to “jointly examine exploration, development and acquisition of mineral projects, as well as production, smelting and logistics opportunities, on the African continent.” Robert Friedland, co-chairman of Ivanhoe, commented:

 

"Our good friends at CNMC are aware of the enormous challenges of discovering and building a new world-scale copper, nickel, zinc, or platinum-group metals mine. They also appreciate that 'grade is king' and that the DRC, and indeed all of Africa, has by far and away this planet's best potential for major, new, high-grade mineral discoveries."

 

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

 

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

 

Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp 

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 

Join our Investor Club https://www.investorideas.com/membership/

Contact Investorideas.com to be a guest or sponsor this podcast

800-665-0411

 

 

Get more mining stock investor ideas- news, articles, podcasts and stock directories

 

Breaking #Telecom/ #Tech #Stock News - iQSTEL (OTC: $IQST) Starts Off Q3 With $4.3M in July Revenues, a 290% Increase Over 2019; @IQstel

Breaking #Telecom/ #Tech #Stock News - iQSTEL (OTC: $IQST) Starts Off Q3 With $4.3M in July Revenues, a 290% Increase Over 2019; @IQstel

 

Expects to Surpass 2020 Q2 Revenues of $11.1M

 

NEW YORK, NY -- 8/18/2020- (Investorideas.com newswire) Breaking Tech/ Telecom Stock News-  iQSTEL (OTC: IQST), a leading-edge 21^st Century Enhanced Telecommunications Service Provider, is pleased to provide shareholders with the consolidated July 2020 revenues of $4.3M.

 

Read this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/08181IQST-Q3.asp

 

iQSTEL parent and subsidiary companies Q2 revenues jump 290% compared to July 2019’s revenues of $1.17M, reaching $4.3M.

 

The SMS market continues to grow at an impressive rate. According to Grandview Research, the US SMS market alone is expected to eclipse $12B by 2025, an increase of around 150% compared to 2020.

 

“Our July numbers have us on track to surpass the just released Q2 figures. Everyone has been working hard over the past few months, the net result has been record month after record month. In addition, we continue to work with our debt holders to mitigate conversion as we’ve recently announced. We’ll have further updates in the near term,” concluded Mr. Iglesias.

 

About iQSTEL Inc.:
iQSTEL Inc (OTC: IQST) www.iQSTEL.com  is a US-based publicly listed company offering leading-edge 21st Century Enhanced Telecommunications Services with a focus on a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as the retail market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain offers a "one-stop-shopping” for international and domestic VoIP services, IP-PBX services, SMS exchange for A2P and P2P, OmniChannel Marketing, Internet of Things (IoT) applications (IoT Smart Gas Platform), 4G & 5G international infrastructure connectivity, as well as blockchain-based platforms: Mobile Number Portability Application (MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.

 

About Etelix.com USA, LLC:

Etelix.com USA LLC www.etelix.com is a wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami, Florida-based international telecom carrier founded in 2008 that provides telecom and technology solutions worldwide, with commercial presence in North America, Latin America, and Europe. Enabled by its 214-license granted by the Federal Communications Commission (FCC), Etelix provides International Long-Distance voice services for Telecommunications Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix was founded in 2008 and has been profitable since inception.

 

About SwissLink Carrier AG:

SwissLink Carrier AG www.swisslink-carrier.com is a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a Switzerland based international Telecommunications Carrier founded in 2015 providing international VoIP connectivity worldwide, with commercial presence in Europe, CIS and Latin America. SwissLink Carrier AG is a Swiss licensed Operator, having a domestic Interconnect with Swisscom, allowing their international Carrier Customers direct terminations via SwissLink into all Switzerland Fix & Mobile Networks. Since the takeover from Swissphone in November 2018 and the rename into SwissLink, they operate on a profitable level.

 

About QGlobal SMS LLC.:

QGlobal SMS LLC www.qglobalsms.com is a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based company and a commercial brand founded in 2020 specialized in international and domestic SMS termination, with emphasis on the Applications to Person (A2P) and Person to Person (P2P) for Wholesale Carrier Market and Corporate Market in US. QGlobal SMS has commercial presence in US, Mexico, Latin America, EMEA (Europe, Middle East, Asia) and Africa, through our SMS service providers based in Austin, TX and Miami, FL Our Austin-based SMS service provider is specialized in the SMS traffic exchange between US and Mexico, and our Miami-based SMS service provider is focused in the development of Latin America and the rest of the word. QGlobal SMS has robust international interconnection with Tier1 SMS Aggregators, guarantying its customers high quality and low termination rates, over more than 100 countries worldwide.

 

About Alcyon Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):

Alcyon Cloud SMS S.A.S. (Commercial Brand SMSDirectos.com), is a whole subsidiary of QGlobal SMS, a Colombian-based Application and Content Provider. Alcyon Cloud SMS (SMSDirectos.com) is registered with the Secretary of Information and Communication Technology (ICT) in Colombia, offering services to government, enterprises, small and medium business, as well as end-users. Using SMSDirectos’ existing network, they plan to expand services from SMS to offer omnichannel products and services such as: SMS, Emails, RCS (Rich Communications Services), Social Media Channels (Whats App, Messenger, etc), WebRTC (Web Real-Time Communication), VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial Intelligence Based), SMS to Email, and Email to SMS.

 

About IoT Labs MX SAPI:

IoT Labs MX SAPI www.iotlabs.mx , a subsidiary of iQSTEL Inc, is an Internet of Things (IoT) Mexican technology development company, creator of the “IoT Smart Gas” Platform and Application. The IoT Smart Gas platform www.iotsmartgas.com consists of an IoT field device installed on the LP gas tank (adaptable to virtually any gas or liquid storage tank) and, thanks to the Internet of Things (IoT) technology via Sigfox or GSM network connectivity, allows remote managed and improved logistic processes of refilling, usage tracking and tank monitoring in real-time by the Smart Gas mobile app. The new GSM tracking feature allows for mobile use including ground, air, and sea tank monitoring.

 

About itsBchain LLC.:

itsBchain LLC www.itsBchain.com is a 75% owned subsidiary of iQSTEL Inc. itsBchain is a blockchain technology developer and solution provider, with a strong focus on the telecom sector.  The company is the final stage of development of a series of blockchain solutions aimed at using the blockchain ledger and smart contract solutions to enable more efficiency, quickness in execution and fraud-prevention in the telco industry.  Specifically, the company is developing a solution that will enable users and carriers to transfer mobile phone numbers with just a few clicks, allowing users and carriers the ability to transfer retail users from one mobile carrier to another instantly.  Additionally, the company is finalizing a carrier-grade marketplace solution to procure payments between carriers for cross-traffic of VoIP, SMS and data realtime as traffic is crossed between carriers.  This marketplace will allow for instant payment settlement as well as the prevention of fraud between carriers.

 

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

 

iQSTEL Inc.

IR US Phone: 646-740-0907, IR Email: investors@iqstel.com

 

Source: iQSTEL Inc. and its subsidiaries:

www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com  

 

Investorideas.com Paid news Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news release featuring iQSTEL Inc. (OTC: IQST) is a paid for news release on Investorideas.com  https://www.investorideas.com/News-Upload/

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

About Investorideas.com

https://www.investorideas.com/About/

 

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

Get more Technology stock investor ideas - news, articles, podcasts and stock directories

Breaking #Security #Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Announces CEO Leadership Transition; @Patriot1tech

 

Breaking #Security #Stock News -Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) Announces CEO Leadership Transition; @Patriot1tech

 

The Company Moves into Growth Stage after Successful Product Commercialization

 

TORONTO, ON – August 18, 2020-- (Investorideas.com Newswire) (Homelanddefensestocks.com) Breaking security stock news-  Patriot One Technologies Inc. . (TSX: PAT) (OTCQX: PTOTF)  (“Patriot One” or the “Company)  announces that Martin Cronin, the Company's Chief Executive Officer (CEO) and one of its early founding members, will be stepping down from his position as CEO.  Having overseen the successful rollout of the PATSCAN™ Multi-Sensor Threat Detection Platform and the commencement of initial sales of the product, Mr. Cronin will remain CEO and a Board Member until his replacement has been found, after which he will remain on the Board in an advisory role spearheading new technologies and partnership opportunities.  The Company has initiated its search for a new CEO with sales and business development experience as the Company moves from the start-up phase to full scale operations.

 

Read this news featuring Patriot One in full at https://www.investorideas.com/news/2020/defense/08181TSXPAT-CEO-Leadership-Transition.asp

 

“We’re extremely proud of the accomplishments Martin has achieved and pleased that he will remain on the Board as an advisor in such a critical area for our growth,” expressed Peter van der Gracht, Patriot One’s Chairman of the Board. “Martin has been instrumental in leading Patriot One’s substantial fundraising efforts, as well as the initial sales of the PATSCAN Platform these past four years.  His leadership, business focus and personal drive has positioned the Company for great success in this new fiscal year, and beyond.”

 

“It’s been a rewarding experience leading Patriot One on this path from concept to product launch and I’m proud to have been part of the team,” shared Martin Cronin.  “The Board and I agree that it is the right time for this thoughtful succession process, and I am committed to supporting a smooth transition for the benefit of all of our stakeholders. As in every start-up in today’s economy, my departure is part of a natural evolution in corporate leadership.  Now it is about sales execution and scaling.  The addition of our new COO and President Dietmar Wennemer was the first step in this process which was followed up by the hiring of our new CFO, Karen Hersh.  The search for a CEO with demonstrated growth-stage experience will complement and round out our new leadership group and I look forward to working with this new C-Suite team and the Board as the Company continues its mission to save lives and improve the way of life for our communities.”

 

About Patriot One Technologies:

Patriot One’s mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances, or potential health and safety threats for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.

For further information, please contact:

 

Patriot One Technologies Inquiries

info@patriot1tech.com

www.patriot1tech.com

 

Investor Relations

John Martin, Patriot One Technologies                         

+1 (888) 728-1332                                         

johnm@patriot1tech.com                                           

 

Media Contacts:

Scott Ledingham, Patriot One Technologies                           

+1-613-806-7135                                           

scott@prmedianow.com

 

 

CAUTIONARY DISCLAIMER STATEMENT:

No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release 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. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

 

Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring TSX: PAT is a paid for news release on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

About Investorideas.com

https://www.investorideas.com/About/

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

Get more Defense Stock Investor Ideas - news, articles, and stock directories

 

Breaking #Solar #Stock News: SinglePoint (OTCQB: $SING) Reports Second Quarter 2020 Financial Results - $1.47 Million Compared to $1.1 Million in Six Months Ended June 20, 2019, Approximately a 34% Improvement Over the Same Period Prior Year @_Singlepoint_

Breaking #Solar #Stock News: SinglePoint (OTCQB: $SING) Reports Second Quarter 2020 Financial Results - $1.47 Million Compared to $1.1 Million in Six Months Ended June 20, 2019, Approximately a 34% Improvement Over the Same Period Prior Year @_Singlepoint_

 

Phoenix, Arizona - August 18, 2020 (Investorideas.com Newswire) SinglePoint, Inc. ("SinglePoint" or the "Company") (OTCQB: SING) a fully reporting company focused on building the leading National Solar Network by leveraging its current 34 state footprint with core holdings in Solar Energy Services and Industrial Hemp based Consumer Products, reported financial results on August 14, 2020 for the second quarter of 2020 ended June 30, 2020.

 

Read this news featuring Singlepoint in full at https://www.investorideas.com/CO/SING/news/2020/08181Q2.asp

 

Company Highlights

 

Achieved Approximately 34% Revenue Growth For the Six Months Ended June 2020 comparative to the Six Months Ended June 2019 Despite the Business Disruptions Caused by the Pandemic - A majority of the gross revenues year to date ($1.47 Million) have been driven by the Company's majority owned subsidiary Direct Solar America.

 

Direct Solar of America has continued to expand its Sales Platform building a national solar network - increased its coverage from 3 states in May 2019 to 34 States as of July 2020. The Company has added 20 additional states since the beginning of the year and will continue to expand its leading sales footprint into a national provider of residential and commercial solar services.

 

1606 Original Hemp continues to gain traction with consumers, retail and on social media. 1606 has expanded its penetration to represent hundreds of retail locations and has added additional manufacturing capacity to ensure scalability for its consumer product line. 1606 Original Hemp is steadily becoming the premier product choice from consumers and has amassed over 30,000 enthusiasts on social media.

 

Subsequent to the End of the Second Quarter

Unaudited Gross Revenues for Direct Solar of America in July 2020 were $525,492.63 on an accrual basis. The accrual based July 2020 Revenues represent an increase over the same monthly period from the prior year and signify that the solar business is beginning to return to the expected and anticipated growth rate prior to the disruption caused by the pandemic. The overall year to date increase in revenue was impacted by a slowdown in business largely related to the restrictions and operational turmoil caused by the global pandemic. The disruptions caused by the pandemic were contributing factors that limited the revenue growth in the 2nd Quarter with reported revenue of $395,277 for the three months ended June 2020.

 

Company unveils Strategy to create the leading National Solar Network through targeted acquisitions that enhance and deepen our offerings within our current solar sales platform. On July 20, 2020 Singlepoint Direct Solar LLC (referred to as "Direct Solar of America", a subsidiary of Singlepoint Inc., the "Company") entered into a letter of intent (the "Letter of Intent") with Standard Eco LLC ("Standard Eco," a developer and installer of grid tied solar electric systems) in Texas, Illinois, and Arizona. Pursuant to the Letter of Intent Direct Solar of America would acquire Fifty One Percent (51%) of the interest in Standard Eco for a combination of cash and stock. Standard Eco achieved unaudited revenues of $12,331,703 in 2018 and $11,345,061 in 2019 and was operationally profitable in both years. The closing of the transactions set forth in the Letter of Intent are contingent on satisfactory completion of due diligence, and entry into suitable definitive documentation.

 

Announced up to a $7.2 Million Offering of Common Stock (S-1 deemed effective on July 29, 2020) - The Company previously announced a pending financing agreement with GHS Investments in May 2020 via an S-1 offering that went effective on July 29, 2020. The Company intends to use the capital to support the growth of the core business operations and for general working capital.

 

"We continue to position SinglePoint for growth as we navigate through the uncertain business environment arising from the pandemic and we are positioned to capitalize and take advantage of the opportunities in front of us for the benefit of our company and its stockholders," stated Greg Lambrecht, CEO of SinglePoint. "Our subsidiary, Direct Solar of America achieved significant growth in its national solar network and is poised for a rebound and return to revenue growth in the second half of 2020 as consumers’ confidence continues to improve. While we still face challenges related to this uncertain environment that may intermittently affect our business, we continue to take appropriate action to improve liquidity and access to capital as evidenced by the recent effectiveness of our S-1 with GHS Investments. For the remainder of 2020 we are focused on growing our revenue streams related to our core businesses and seeking to opportunistically grow our business through targeted acquisitions. We are confident that this strategy will enable us to achieve significant long-term value for our stockholders."

 

About SinglePoint, Inc.

SinglePoint, Inc. (OTCQB: SING) is a fully reporting company with core holdings in Solar Energy Services and Industrial Hemp based Consumer Products. Acquired in May 2019, Direct Solar America, a majority owned subsidiary, now operates its leading national solar sales brokerage model in 34 states. In the past year Direct Solar America has virtualized its sales platform and has added its corporate offerings. 1606 Original Hemp, has been designed and created to be the premier category leader in manufacturing and marketing high quality smokable industrial hemp consumer products for sale through traditional retail channels and online. Since its debut in late 2019, 1606 Original Hemp has been placed into hundreds of retail locations across the country and has amassed a large social media following that continues to grow. The Company has a portfolio of non-core focused businesses that are searching for strategic partnerships or other alternative solutions. SinglePoint is committed to positioning the Company to be able to up list to the highest exchange possible which we feel is a benefit to our stakeholders and shareholders.

 

Connect on social media at:

https://www.facebook.com/SinglePointMobile

https://twitter.com/_Singlepoint_

https://www.linkedin.com/company/singlepoint

https://www.youtube.com/user/SinglePointMobile

 

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, 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 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
888-OTC-SING
investors@singlepoint.com 
www.singlepoint.com

 

SinglePoint (SING) is a featured stock on Investorideas.com

 

More info on SING at Investorideas.com Visit: https://www.investorideas.com/CO/SING/

 

Get News Alerts on SinglePoint Inc. SING

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. For Disclosure purposes SinglePoint Inc (OTCQB: SING) is a paid  annual news and social media company on Investorideas.com.  More disclaimer info: 

https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp . Learn more about our prices for publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks