Subscribers,

Last week we gave you SinglePoint Inc. (SING). On Thursday and Friday it finally broke out on big volume gaining over 50% from our alert price.

A huge congratulations if you took this trade. 

We are continuing our coverage on Monday because we think this breakout could have legs to go even higher.

So, make sure you have SING on your radar today.

In case you missed it, here is the news the Company released last week...

SinglePoint Highlights Recent Corporate Developments, Including Toxic Debt Restructure and Agreements with Stellar Solar and Standard Eco

PHOENIX, Oct. 22, 2020 /PRNewswire/ -- SinglePoint Inc. (OTC:SING) recaps and highlights recent corporate developments. SinglePoint management has made a conscious and deliberate effort to position the Company to capitalize on the emerging growth opportunities in the U.S. solar industry, primarily in residential rooftops and small commercial installation opportunities. SinglePoint believes that a focused solar-centric strategy will deliver measurable and quantifiable results. The Company is focused on capturing market share through the buildout of our national solar network as well as growing the annual revenues and profitability within the business segments that should increase shareholder value.

SinglePoint Restructures Toxic Debt with Existing Secured Convertible Promissory Notes, Eliminating Additional Conversions Under the Note, Positioning the Company for Long Term Growth Opportunity in Solar Industry building a National Solar NetworkAs a result of the of the Amendment to the Notes dated October 12, 2020:

• The Company reclassified approximately $2,000,000 of principal due under the Notes from current liabilities to long-term liabilities.
   
• The conversion feature on the combined principal and interest (approximately $3,0000,000) was restricted, eliminating the derivative liability associated with this debt and significantly reducing the Company's total derivative liability (the Company's total derivative liability was $3,895,484 as of June 30, 2020).

SinglePoints majority owned subsidiary, Direct Solar of America, has continued to take advantage of its expanding, nearly national footprint announcing key strategic agreements with Stellar Energy GP and Standard Eco.

• SinglePoint Subsidiary Signs Stellar Energy GP, Inc. a Leading Energy Storage Systems and Solar Company with More Than 15 Years of Experience.

The agreement with Stellar Energy GP enhances growth opportunities within the 38 states currently covered by Direct Solar of America but most importantly it provides additional access and immediate and accretive growth opportunities within California, the nation's leading solar market.

"We truly see Direct Solar of America as a leading originator in the industry with a model that has the potential to change how business is done within the solar industry. We are excited to see where the opportunity grows and being able to provide Direct Solar of America the assistance needed to be successful at the largest scale." Mike Abadi, General Manager of Stellar Energy GP Inc.
Direct Solar of America Finalizes Agreement with Principals of Standard Eco Creating Framework for a Multi-State Solar Installation Network Beginning Execution of Previously Announced National Solar Network Strategy

The agreement with the principals of Standard Eco has the opportunity to increase the gross revenues and profitability. As the market continues to normalize, we believe that this transaction has ability to continue to deliver revenue and profitability results in 2021, 2022, and 2023 comparable with the previously reported unaudited revenues of Standard Eco of $12,331,703 in 2018 and $11,345,061 in 2019. We will continue to pursue similar agreements with other multi-state licensed installers that bolster our service offerings and add additional depth as we leverage and grow our existing solar footprint. Eventually providing services and solutions for the residential and commercial market in all 50 states.

We are committed to building the Leading National Solar Network (currently operating in 38 states) focused on Residential & Small Commercial Projects and executing on strategic installer consolidation opportunity. We believe that the market opportunity in what is being described as the Solar+ Decade is massive as only 3-4% of the 84 million addressable residential rooftops in the U.S. currently have installed solar systems. The market in smaller commercial (schools, office buildings) is equally as massive with only 3.5% of the addressable commercial locations in the U.S. having existing solar systems.

About SING...

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 of America, a majority owned subsidiary, now operates its leading national solar sales brokerage model in 34 states.

In the past year Direct Solar of America has virtualized its sales platform and has added and expanded its corporate offerings to include Direct Solar Capital (Financial) and Direct Solar Commercial with a focus on financing, designing or developing small to mid-size commercial opportunities and projects.

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 business 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.

You can visit their website at http://www.singlepoint.com/


All the best.

SmallCapMomo.com

picks@smallcapmomo.com

Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.