SinglePoint Subsidiary Enters Into Letter of Intent (LOI) to Acquire Standard Eco Solar with Unaudited Annual Revenue of $11,345,061 (2019)
SinglePoint Inc. (OTCQB:SING) ("SinglePoint"), announced that its majority owned subsidiary, Direct Solar of America, LLC ("Direct Solar"), has entered into a Letter of Intent ("LOI") to acquire Standard Eco Solar ("Standard Eco"), a developer and installer of grid-tied solar electric systems in Texas, Illinois, and Arizona for a combination of cash and stock. Direct Solar and SinglePoint are currently conducting due diligence and SinglePoint will issue common stock once the definitive agreement and audit are completed, facilitating this investment through...
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