Renewable Energy Company Enters Amended Purchase Agreement For Retail Energy Broker, Clarifies Prior Announcement
August 15, 2022
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SinglePoint Inc. which describes itself as, "an acquisition-focused solar energy and sustainable solutions provider," issued an updated news release to, "clarif[y]", an earlier release concerning Frontline Power Solutions
In the updated release, SinglePoint Inc. said (in a headline) that it: "Enters into Amended Purchase Agreement with Frontline Power Solutions and completes the initial closing for the acquisition of Frontline Power Solutions."
In the updated release, SinglePoint Inc., "announced today the completion of initial closing for the acquisition of Frontline Power Solutions, a Multi-State Licensed Energy Services Company (ESCO) [broker]. The agreement provides for a two-phase closing of which we have now completed phase one with the initial payments completed and will proceed to phase two."
Wil Ralston, CEO of SinglePoint, said, "With the completion of our first investment and acquisition of minority interest in FPS, we believe FPS will round out our service offerings by providing tremendous opportunities in the deregulated energy markets. Through Energy Service Agreements or assistance with installing a client's solar system, SinglePoint can now assist thousands of commercial clients in their solar transition."
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See our prior story on SinglePoint's original announcement here
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