Cleantech Podcast: CEO of SinglePoint Inc. (CBOE: SING) Shares 2024 Growth Strategy for Solar and Indoor Air Quality
Cleantech Podcast: CEO of SinglePoint Inc. (CBOE: SING) Shares 2024 Growth Strategy for Solar and Indoor Air Quality Investorideas.com, a global news source and leading investor resource covering cleantech stocks issues a new edition of its Cleantech Podcast, featuring an exclusive interview with Wil Ralston, CEO of SinglePoint Inc. (CBOE: SING).Wil discusses the recent corporate milestone of listing on the CBOE and his growth strategy for 2024 for their two primary industry targets, solar and indoor air quality. Ralston told Investor Ideas, "SinglePoint Inc. has been focused for the last two years in the solar and renewable energy markets, as well as indoor air quality. We've had massive governmental tailwinds for these industries that really set the stage for the next decade. The Inflationary Reduction Act (IRA) puts a tremendous amount of tax credits towards clean energy and renewable projects. In addition we benefit from the federally funded $121 billion that drives indoor air quality solutions for K through 12 schools across the country. So these are our main two focuses right now.""On the solar side, we're really looking at the acquisition and roll up strategy to become the first truly national installation, engineering, procurement business across the United States."Talking about the recent uplisting and resulting potential for the company moving forward, he said, "We are the first US listed company on CBOE and it's an extremely exciting time. It's a brand new exchange, but they've operated for many years in the options and ETF markets. They decided in June this year that they were going to open an equity side to compete with NASDAQ and NYSE. Being the first listed company on CBOE is a great milestone.""If you zoom out, it wasn't that long ago that we were a sub $1 million revenue company, less than two annual reporting periods ago. We were a small revenue generating business. Now within that time, we've gone from nominal revenue of sub $1 million to $17 million, to $24 million. And we expect to grow on top of that again this year.""They are a tier- one exchange and trade over $1.8 trillion a day through their exchange. and it gives us the credibility, notoriety and the name of being listed. And that's an extremely important factor."Talking about his growth strategy for solar he states, "The strategy that we've been defining is really focused on acquisitions and roll up of the number one, number two and number three companies in a region. Solar is highly region dependent and even very fragmented within those regions. So you have to have a great understanding of the market. We are seeking businesses that operate with a history of growing revenue, a history of profitability and great bench strength within the business. So our strategy is to find and identify these companies, make the acquisition, allow them to maintain their brand, their company, their people and everything that they're doing to be successful. We will be able to provide the back end infrastructure. And as we grow, we'll get more purchasing power."Discussing the air quality market opportunity, Ralston shows his excitement and passion for its potential, "I consider our air quality business subsidiary, Box Pure Air, as our X factor. There are multiple states, New York being one, which purchased $70 million worth of equipment from one vendor. We have the opportunity to be one of those contracts.""We have the most up-to-date, best engineered unit on the market that already meets all the standards; UL listed, EPA certified Department of Education certified and compliant. The reason for that is the engineer behind it actually develops and engineers clean rooms for semiconductor manufacturing...
