SinglePoint Enters Into Letter Of Intent To Acquire EnergyWyze, LLC To Streamline, Optimize, And Maximize Solar Industry Lead Generation

The residential solar market — which was the hardest hit by the business impacts of the COVID-19 pandemic — beat recovery expectations, growing 14% over Q2 but remained below Q1 levels. Residential solar installations will continue to increase, and the incoming administration and Congress have an opportunity to help the solar industry reach its Solar+ Decade goals, creating hundreds of thousands of jobs and tackling the climate crisis.

"Solar is the next wave of change in America's energy infrastructure. Providing an industry-leading customer-centric platform will be fundamental to the industry as consumers look for trusted, knowledgeable companies to guide them through this shift. Together, EnergyWyze and SinglePoint will be able to meet consumer demands and scale nationally very quickly," adds Che Oliver, COO of EnergyWyze. Che specializes in customer-centric marketing strategies to drive consumer engagement. Previously, Che took the role of CMO where revenue was flat and stalled at $10MM annually. Che helped push that company past $50MM and the company went public. Fueled by direct mail and digital ads, the company did $80MM and continued growth up to $180MM kicking out $20MM net income and driving stock prices from $2 to $36 per share.

SinglePoint, through its majority-owned subsidiary, SinglePoint Direct Solar, operating as Direct Solar of America is focused on providing renewable energy solutions to consumers and small commercial businesses and growing its national footprint, which has grown to operate in 38 states in U.S. during 2020 alone. Through the execution of this model, the Company is leveraging synergistic acquisitions and partnerships to generate revenue in the solar industry by providing renewable energy solutions to consumers and small businesses.

With its initial focus in solar energy, the Company is building a foundation for future expansion opportunities including energy storage, charge points for electric vehicles, and solar as a subscription.

The Transaction is subject to customary operational, financial, and legal due diligence and the successful execution of sale and purchase agreements. The Transaction is an arm's length transaction and pursuant to the terms of the LOI the parties intend to sign a definitive agreement (the "Definitive Agreement") in respect of the transaction in January.

About Energy Wyze, LLC

EnergyWyze generates residential solar leads with pre-set appointments for solar installers nationwide. Our enhanced lead generation and CRM model goes beyond a typical web-form lead and allows us to generate a higher intent customer for our clients, which results in low cost per sale. Learn more at www.energywyze.com and for business owners www.solarcxm.com

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Old Time Investor 1 month ago Member's comment

Big news!