SinglePoint Inc. Acquires remaining 49% of Box Pure Air LLC, Implements Strategic Restructuring to Enhance Indoor Air Revenue Opportunity with Schools in California, Box Pure Air LLC Now a Wholly Owned Subsidiary

$800,000 in pending orders to fulfill through the $5,000,000 Grant Award Notification (GAN) in California

SinglePoint Inc. retains minority interest in Ballistic Product America, LLC ("Ballistic")

Ballistic has entered into an agreement with SinglePoint in which it Ballistic agrees to pay to SinglePoint, as a periodic royalty ("Royalty"), five percent of the gross revenue of sales of the Ballistic Barrier products by Ballistic until such amounts total $2.5 million dollars

PHOENIX, AZ / ACCESSWIRE / October 19, 2023 / SinglePoint Inc., (OTCQB:SING) primarily focused on building a portfolio of renewable energy-focused companies in solar, EV charging and energy storage announces acquisition of the remaining interest of Box Pure Air LLC and a new transitional leadership team to execute and deliver on the remainder of the allocated funding available to the Company through the initial $5,000,000 Grant Award Notification through the California EANS program. Currently the Company has approximately $800,000 in approved orders pending shipment.

Foto: Accesswire

The April 2022 acquisition of Boston Solar was a key fundamental piece of the SinglePoint energy centric strategy focused on rolling up high quality residential and small commercial solar installation companies within the fragmented solar industry. On a pro-forma basis Boston Solar grew revenues to approximately $25M in FY2022, up from approximately $17.6M in FY2021.

On April 20, 2023 the Company announced shareholder and board of director approval of various strategic transactions, including exploring options to sell or pursue a spin off of Box Pure Air/BPA Solutions to existing SinglePoint shareholders. The acquisition of the remaining 49% interest in Box Pure Air, making it a 100% wholly owned subsidiary, was necessary to give the Company optionality to continue to pursue strategic options for Box Pure Air. The company will continue to reposition certain assets and non-core business designed to allow the company the flexibility to focus and capitalize on the long-term acquisition and roll up opportunities in the renewable energy and energy storage sector including commercial energy services, solar installation, and energy storage solutions for residential and small commercial customers.