Mes: enero 2021

MIAMI, 20 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) anunció hoy que ha celebrado un acuerdo definitivo para vender su marca Azamara a Sycamore Partners, una firma de capital privado especializada en inversiones de consumo, venta minorista y distribución, en una transacción de desinversión de activos no estratégicos («carve-out») en efectivo por USD 201 millones, sujeta a ciertos ajustes y condiciones de cierre. Sycamore Partners adquirirá en su totalidad la marca Azamara, incluida su flota de tres buques y la propiedad intelectual asociada. La transacción está sujeta a las condiciones convencionales y se espera que se cierre durante el primer trimestre de 2021.

Royal Caribbean Group señaló que la transacción le permite enfocarse en la ampliación de sus marcas Royal Caribbean International, Celebrity Cruises y Silversea.

«Nuestra estrategia ha evolucionado y busca destinar más de nuestros recursos en tres marcas globales: Royal Caribbean International, Celebrity Cruises y Silversea, así como también trabajar para que crezcan conforme salimos de este período sin precedentes», afirmó Richard D. Fain, presidente y director ejecutivo de Royal Caribbean Group. «Aún así, Azamara sigue siendo una marca sólida con un enorme potencial de crecimiento, y el historial de Sycamore demuestra que serán buenos administradores de lo que el equipo de Azamara ha desarrollado durante los últimos 13 años».

«Nos complace que Royal Caribbean Group haya confiado a Sycamore el apoyo a Azamara en su próxima fase de crecimiento», afirmó Stefan Kaluzny, director general de Sycamore Partners.  «Nos entusiasma asociarnos con el equipo de Azamara y continuar su larga trayectoria de éxito en la atención de los clientes leales de la marca.  Creemos que Azamara seguirá siendo una excelente opción para los viajeros exigentes a medida que la industria de los cruceros se recupere con el tiempo».

La propuesta de valor y las operaciones de Azamara seguirán siendo consistentes bajo el nuevo arreglo, y Royal Caribbean Group trabajará en estrecha colaboración para lograr una transición fluida para los empleados, clientes y otras partes interesadas de Azamara. Junto con la transacción, Carol Cabezas, directora de operaciones de Azamara, ha sido nombrada presidenta de la marca.

La transacción tendrá como resultado un cargo único por deterioro, sin efectivo, de aproximadamente USD 170 millones. No se espera que la venta de Azamara tenga un impacto material en los resultados financieros futuros de Royal Caribbean Group.

Perella Weinberg Partners LP se desempeñó como asesor financiero de Royal Caribbean Group y Freshfields Bruckhaus Deringer LLP proporcionó la asesoría legal. Kirkland & Ellis LLP brindó asesoría legal a Sycamore Partners. 

Acerca de Royal Caribbean Group  
Royal Caribbean Cruises Ltd., que opera bajo el nombre de  Royal Caribbean Group (NYSE: RCL), es una compañía de cruceros vacacionales que posee cuatro marcas globales: Royal Caribbean International, Celebrity Cruises, Azamara y Silversea.  Royal Caribbean Group es también propietario del 50 % de una empresa conjunta que opera cruceros TUI y cruceros Hapag-Lloyd. En conjunto, nuestras marcas operan 61 barcos con otros 15 en pedido al 21 de diciembre de 2020.  Obtenga más información en www.rclcorporate.com o www.rclinvestor.com. 

Acerca de Sycamore Partners 
Sycamore Partners es una firma de capital privado con sede en Nueva York. La firma se especializa en inversiones relacionadas con el consumidor, la distribución y el comercio minorista, y se asocia con equipos de gestión para mejorar la rentabilidad operativa y el valor estratégico de su empresa. Con aproximadamente USD 10 mil millones en capital agregado comprometido que ha recaudado desde su creación en 2011, los inversionistas de Sycamore Partners incluyen dotaciones líderes, instituciones financieras, oficinas familiares, planes de pensiones y fondos soberanos. Para obtener más información sobre Sycamore Partners, visite www.sycamorepartners.com. 

Declaración precautoria respecto de las declaraciones prospectivas
Ciertas declaraciones prospectivas que figuran en esta publicación en relación, entre otras cosas, con nuestras estimaciones, previsiones y proyecciones de rendimiento a futuro constituyen declaraciones prospectivas en virtud de la Ley de Reforma de Litigios sobre Valores Privados de 1995.   Dichas declaraciones incluyen, pero no se limitan a: declaraciones respecto de ingresos, costos y resultados financieros de 2020 en adelante.  Palabras como «anticipar», «creer», «podría», «conducir», «estimar», «esperar», «objetivo», «pretender,» «observar» «puede», «planificar», «proyecto», «buscar», «debería», «hará», «haría», «considerando», y otras expresiones similares tienen como objetivo ayudar a identificar las declaraciones prospectivas.  Las declaraciones prospectivas reflejan las expectativas actuales de la gerencia, se basan en juicios, son intrínsecamente inciertas y están sujetas a riesgos, incertidumbres y otros factores, lo que podría hacer que nuestros resultados, desempeño o logros reales difieran sustancialmente de los resultados, desempeño o logros futuros expresados o implicados en esas declaraciones prospectivas.  Ejemplos de estos riesgos, incertidumbres y otros factores incluyen, pero no se limitan a lo siguiente: El impacto de la incidencia y propagación global de la COVID-19, lo que ha llevado a la suspensión temporal de nuestras operaciones y ha tenido, y seguirá teniendo, un impacto adverso sustancial en nuestra empresa, la liquidez y los resultados de las operaciones, u otras enfermedades contagiosas en las condiciones económicas y en la industria de viajes en general, y la situación financiera y los resultados operativos de nuestra empresa en particular, tales como: las restricciones de viaje adicionales actuales y potenciales tanto gubernamentales como autoimpuestas, la extensión actual y potencial de la suspensión de los cruceros y nuevas suspensiones adicionales, cancelaciones de huéspedes; nuestra capacidad para obtener financiamiento capital o ingreso suficiente para satisfacer las necesidades de liquidez, gastos de capital, reembolso de deuda y otras necesidades de financiamiento; la eficacia de las medidas que hemos adoptado para mejorar y atender nuestras necesidades de liquidez; el impacto del entorno económico y geopolítico en aspectos clave de nuestra empresa, como la demanda de cruceros, gastos de los pasajeros y los gastos operacionales; incidentes o publicidad adversa en relación con nuestros buques, instalaciones portuarias, destinos terrestres y/o pasajeros o la industria de los cruceros vacacionales en general; nuestra capacidad para calcular con precisión nuestro flujo de caja negativo mensual durante la suspensión de nuestras operaciones; preocupación por la seguridad, salud y protección de los huéspedes y de la tripulación; todos los protocolos que adoptemos en nuestra flota relacionados con la COVID-19, como las recomendadas por el Healthy Sail Panel, pueden ser costosos y menos eficaces de lo que esperamos para reducir el riesgo de infección y propagación de la COVID-19 en nuestros cruceros; otras deficiencias de nuestro fondo de comercio, activos duraderos, inversiones de capital y pagarés por cobrar; la incapacidad para reclutar nuestra tripulación o conseguir nuestras provisiones y suministros de ciertos lugares; el brote de la COVID-19 y otras enfermedades contagiosas en nuestros barcos y un aumento en la preocupación por el riesgo de enfermedades en nuestros barcos o al viajar hacia o desde ellos, todo lo cual reduce la demanda; no disponibilidad de puertos de escala; el aumento de sentimientos antiturísticos y las preocupaciones ambientales; cambios en la política de viajes extranjeros de los Estados Unidos; las incertidumbres en cuanto a la realización de actividades comerciales a nivel internacional y la expansión a nuevos mercados y nuevas empresas; nuestra capacidad para reclutar, desarrollar y retener personal de alta calidad; cambios en los costos operativos y financieros; nuestro endeudamiento, cualquier deuda adicional en la que podamos incurrir y las restricciones en los acuerdos que rigen nuestro endeudamiento, que limitan nuestra flexibilidad en el funcionamiento de la empresa, incluida la parte importante de los activos que son garantía en virtud de esos acuerdos; el impacto de las tasas de cambio de divisas, las tasas de interés y las fluctuaciones de los precios del combustible; la liquidación de conversiones de nuestros bonos convertibles, si hubieran, en acciones de nuestras acciones comunes o una combinación de efectivo y acciones de nuestras acciones comunes, lo que puede provocar una dilución sustancial para nuestros accionistas actuales; nuestra expectativa de no declarar ni pagar dividendos sobre nuestras acciones comunes en el futuro cercano; la competencia en la industria de las vacaciones y los cambios en la capacidad industrial, así como el exceso de capacidad; los riesgos y costos asociados con la protección de nuestros sistemas y el mantenimiento de la integridad y seguridad de nuestra información comercial, así como los datos personales de nuestros huéspedes, empleados y otras personas; el impacto de leyes y reglamentos o dictámenes gubernamentales nuevos o cambiantes en nuestra empresa; litigios pendientes o eventuales, investigaciones y acciones ejecutivas; los efectos del clima, desastres naturales y estacionalidad en nuestra empresa; reparaciones de emergencia de buques, incluidas las pérdidas de ingresos relacionadas; el impacto de problemas en los astilleros, incluidas las demoras en la entrega de los buques, la cancelación de buques o el aumento de los costos de construcción de los buques; falta de disponibilidad de astilleros; la falta de disponibilidad o el costo del servicio aéreo; y las incertidumbres de un sistema jurídico extranjero, ya que no somos una corporación de los Estados Unidos.

Además, actualmente muchos de estos riesgos e incertidumbres se agravan y seguirán agravándose, o en el futuro podrían agravarse, por la pandemia de la COVID-19. No es posible predecir o identificar todos esos riesgos.

Más información sobre los factores que podrían afectar nuestros resultados operativos se incluye bajo la leyenda «Risk Factors» («Factores de riesgo») en nuestro informe trimestral más reciente en el formulario 10-Q, así como nuestros otros archivos presentados ante la SEC, y bajo las leyendas «Risk Factors» y «Management’s Discussion and Analysis of Financial Condition and Results of Operations» («Análisis y discusión de la Administración sobre la condición financiera y los resultados de las operaciones») en nuestro último informe anual en el formulario 10-K, según lo actualizado por nuestro informe actual en el formulario 8-K de fecha 13 de mayo de 2020, del cual puede obtener copia al visitar nuestro sitio web de relaciones con inversionistas en www.rclinvestor.com o el sitio web de la SEC en www.sec.gov. No se debe confiar indebidamente en las declaraciones prospectivas de esta publicación, que se basan en la información de que disponemos en la fecha del presente informe. No asumimos obligación alguna de actualizar o revisar públicamente cualquier declaración prospectiva como resultado de información nueva, eventos futuros o de otro tipo.

Logotipo: https://mma.prnewswire.com/media/1213007/RCG_Logo.jpg

FUENTE Royal Caribbean Group

CHICAGO, Jan. 20, 2021 /PRNewswire/ — Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for the full-year and December 2020. For the full year, long-term mutual funds and ETFs gathered $212 billion, which was below the $356 billion average annual inflow from 2010 through 2019. In December, long-term mutual funds and ETFs collected more than $86 billion—the second-largest monthly gain in 2020 behind November’s $111 billion.

Morningstar’s report about U.S. fund flows for the full-year and December 2020 is available here. Highlights from the report include:

• ETFs posted calendar-year record inflows of $502 billion, with taxable-bond ETFs collecting the most of any category group at nearly $195 billion in 2020. Meanwhile, mutual funds saw a record $289 billion of outflows in 2020, yet their $18.2 trillion of total assets at year’s end was more than three times the total assets of ETFs.
• Looking at category groups, U.S. equity funds’ $241 billion of outflows for the year was four times the previous record of $58 billion set in 2015. Large-growth equity funds had $66 billion of outflows in 2020, marking their 17th consecutive year of outflows.
• Taxable-bond funds collected $73 billion of inflows in December and a record $441 billion for the year. The Federal Reserve bought high-yield and corporate bond funds midyear to support the fixed-income market, and its actions helped both categories garner record inflows in 2020 of $54 billion and $52 billion, respectively.
• Commodities funds drew a record $37.6 billion in 2020 as investors added gold and silver to their portfolios through ETFs such as SPDR Gold shares amid economic and social turmoil.
• Vanguard led all fund families in 2020 with nearly $141 billion of inflows. Dimensional Fund Advisors saw the most outflows in 2020 at $37 billion. In December, Vanguard saw $25.2 billion of inflows, the second-most for the year behind the $42.7 billion of inflows in January 2020.

To view the complete report, please click here.

The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed outside the scope of this press release; (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $215 billion in assets under advisement and management as of Sept. 30, 2020. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

Morningstar’s Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar’s Manager Research Group’s current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund’s or a fund’s or separately managed account’s underlying securities’ creditworthiness. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy.

©2021 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contact:
Rebecca Rogalski, +1 312 244-7771 or rebecca.rogalski@morningstar.com

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SOURCE Morningstar, Inc.

RALEIGH, N.C., Jan. 20, 2021 /PRNewswire/ — FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, released the first quarter 2021 CIRT Sentiment Index. This quarter’s questions polled Construction Industry Round Table (CIRT) members on internal metrics such as backlogs and hiring goals as well as economic risks and regulatory concerns for 2021.

Key findings from this quarter’s survey include:

• A slight increase in confidence seen in the Sentiment Index, which increased to 55.5 from 54.2, and the Design Index remaining constant at 64.8 from the previous quarter.
• The most frequently selected economic risk factors for 2021 include the ongoing slowdown (62%), project delays and cancellations (53%), uncertainty about project funding (50%) and increasing competition (43%).
• The most frequently selected political or regulatory concerns include federal infrastructure funding (55%), renewed aggressive regulatory policy (50%), coronavirus response (47%) and tax policy (45%).
• Among the industries represented by CIRT’s member base, lodging, commercial, heavy civil and transportation, office and education are projected to experience the biggest short-term declines across both the design and construction industries.
• The design industry’s long-term view of project growth remains positive, with every sector tracking above 3.0. The construction industry’s long-term view is similarly optimistic, with just one sector tracking below 3.0 (office).

Access the full report here.

The CIRT Sentiment Index is a survey of Construction Industry Round Table members that is carried out by FMI each quarter. The CIRT is composed exclusively of approximately 115-120 CEOs from the leading architectural, engineering and construction firms doing business in the U.S. CIRT is an organization that is uniquely situated to represent the richly diverse and dynamic design and construction community.

About FMI

FMI is the leading provider of consulting and investment banking to the Built Environment. We provide services in the areas of strategy, leadership and organizational development, performance, technology and innovation, mergers and acquisitions, financial advisory and private equity financing.

For more information, please visit www.fminet.com.

Media Contact:

Liz Hester, FMI
lhester@fminet.com
919.785.9209

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SOURCE FMI Corporation

TAMPA, Fla., Jan. 20, 2021 /PRNewswire/ — Financial Information Technologies, LLC («Fintech» or «the Company»), the leading business solutions provider for the beverage alcohol industry, today announced the acquisition of Aperity, an innovative data management and analytic provider. Aperity’s Beverage Data Exchange is the industry’s first community-centric data solution, facilitating business insights between supply chain partners. The Beverage Data Exchange integrates seamlessly with Fintech’s existing data offerings and broadens the Company’s data platform. Fintech will use the Beverage Data Exchange’s extensive supply chain connectors and integration technology to provide the beverage alcohol industry with the most comprehensive universe of data from distributors, retailers, e-commerce and data syndicators.

«Our partnership with Fintech brings a wide network of distributors and suppliers to Aperity’s Beverage Data Exchange, allowing us to leverage Fintech’s vast industry resources to scale our best-of-breed data management and analytic solutions,» said Brent Arslaner, Chief Revenue Officer of Aperity. «We are passionate about serving our clients, and joining Fintech certainly aids in that mission.»

The Aperity acquisition follows that of Lilypad Solutions and Armadillo Insight, and bolsters Fintech’s growing InfoSource® division, which provides actionable data intelligence across the beverage alcohol industry. With comprehensive and complete data, suppliers, distributors and retailers can benchmark against industry performance to further optimize their businesses. The addition of Aperity’s Beverage Data Exchange builds upon Fintech’s existing momentum in the data market, and it brings further insights to Fintech’s clients and partners.

«As Fintech continues to revolutionize data resources for the beverage alcohol industry, the addition of Aperity makes perfect sense,» said Sameer Mungur, Chief Data Officer of Fintech. «Aperity’s use of machine learning and AI, combined with its established data exchange, is an exciting addition to Fintech’s InfoSource product suite. We look forward to the growth opportunities this acquisition will afford Fintech and our clients.»

The addition of Aperity’s Beverage Data Exchange solution furthers Fintech’s mission to deliver specialized technology to maximize efficiency and improve communication across the three tiers of the alcohol industry, building on Fintech’s world-class solutions. Both Fintech and Aperity will continue day-to-day operations as the partnership develops further.

About Fintech

Fintech is the leading business solutions provider of affordable technology built to simplify beverage alcohol management for any business, of any size, that sells alcohol. We empower retailers, distributors, and suppliers by automating essential manual processes and data insights associated with product catalog management, alcohol invoice payment, customer sales management, and industry data collection. With over 30 years of industry experience and unwavering dependability, Fintech delivers an immediate ROI to 650,000 business relationships nationwide. By simplifying the day-to-day functions necessary to protect and grow margins, teams can get back to doing what they do best – taking care of customers and growing their businesses. To learn more, visit www.fintech.com.

FINANCIAL-INFORMATION-TECHNOLOGIES, LLC. is the owner of the trademark FINTECH, the Stylized F Logo, and several other trademarks and service marks, many of which are registered at the U.S. Patent and Trademark Office. The underlying software behind the services offered by FINANCIAL-INFORMATION-TECHNOLOGIES, LLC and content of this website are ©2020 FINANCIAL-INFORMATION-TECHNOLOGIES, LLC. All rights reserved.

Contact: Misha Hart, 800.572.0854 x 3827, mhart@fintech.com
Follow @Fintech on Facebook, Twitter, and LinkedIn

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SOURCE Fintech

TEMECULA, Calif., Jan. 20, 2021 /PRNewswire/ — Freedom Forever announced today it has strengthened its partnership with Sunrun (NASDAQ: RUN), the leading provider of residential solar, battery storage, and energy services in the United States. Freedom Forever has selected Sunrun as its primary solar + battery as-a-service provider for the next three years as part of the partnership. The company will leverage Sunrun’s industry-leading home solar and battery service offering, as well as its well-known and trusted brand with consumers to make affordable, clean, and reliable energy a reality for more American households. Freedom Forever’s best in class operations and vast network of highly-trained independent sales dealers will use an industry-leading platform from Sunrun to help them reach more people and better provide affordable new products, including solar and battery offerings at no-money-down and a low monthly cost.  

«Sunrun has been an integral part of Freedom Forever’s growth over the last three years. They have seen us grow from 7 states at the beginning of 2020 to 20 states by the end of the year. We are excited to strengthen our combined efforts to fuel our expected growth into many additional states nationwide by the end of 2021,» said Brett Bouchy, CEO of Freedom Forever.   

Both companies share the belief that it’s critical to move American homes towards smart, local, renewable energy as quickly, affordably, and efficiently as possible. The expanded partnership with Freedom Forever will expand Sunrun’s footprint in existing markets, with plans to enter new markets together in the future. Freedom will use Sunrun’s robust suite of technology for channel partners, such as Sunrun’s leading sales process management and system design tools, to support homeowners as they make the transition to clean home solar and battery energy. 

«Americans continue to be largely stuck at home and are desperately in need of affordable, reliable energy options,» said Lynn Jurich, CEO and Co-founder of Sunrun. «We’re excited Freedom Forever selected Sunrun to bring more peace of mind to homeowners across the United States with our industry-leading solar and battery service products.»

Freedom Forever, the third-largest residential solar installer in the third quarter of this year (Wood Mackenzie), is known as a customer-centric, service-oriented company with unique offerings that give consumers confidence in the reliability of their home solar systems. Sunrun’s solar and battery service offerings can be offered for no money down and affordable monthly payments, often for less than the price of traditional grid power. This will help Freedom Forever reach more customers, especially those that need it the most.

«Freedom Forever has become the first partner to obtain a Platinum Elite status, which is the highest tier of achievement in our program. This agreement allows us to grow together into the future, bringing a top-quality product to consumers,» said Derek Noble, Sunrun’s Vice President of Channel Sales.

By combining efforts, these two leading solar companies will make home solar and batteries more affordable and more appealing to a wider array of homeowners, opening up new access to solar and moving the United States forward on the path to displacing fossil fuels altogether.

About Freedom Forever
Freedom Forever and it’s family of companies focuses on residential solar installations that deliver best-in-class Engineering, Procurement, and Construction for its dealer network. Since 2011, Freedom Forever has enabled its dealer network to succeed with a premium offering and aggressive pricing flexibility. Freedom Forever’s 25-year production guarantee provides the ultimate peace-of-mind for homeowners reluctant to make a big investment when purchasing their solar systems. With Freedom Forever, homeowners know what they’re getting every time. For more information, please visit https://freedomforever.com.

About Sunrun
Sunrun Inc. (Nasdaq: RUN) is the nation’s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun’s innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit www.sunrun.com.

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SOURCE Freedom Forever

PHOENIX, Jan. 20, 2021 /PRNewswire/ — SinglePoint Inc. (OTC: SING) («SinglePoint» or the «Company»), a company focused on providing renewable energy solutions, announced today the release of its new corporate presentation, now available on the Company’s website here.

«2021 is poised to be a transformational year for SinglePoint. Our team continues to build momentum and execute on the strategic objectives set out in front of us, including but not limited to, uplisting to a national exchange, establishing a leadership position in the renewable energy sector, and driving shareholder value and long-term growth. As we continue to move forward, we are fully committed to raising awareness of SinglePoint in the investment community and executing a fundamental, strategic investor relations program. We are grateful for the continued support of our shareholders and remain excited about the future of SinglePoint,» commented Wil Ralston, President of SinglePoint.

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.

Investors or interested parties with questions about SinglePoint can contact JTC at SING@jtcir.com.

About SinglePoint Inc.

SinglePoint Inc. is a company focused on providing renewable energy solutions to consumers and small commercial businesses. SinglePoint is committed to building the largest network of renewable energy solutions and modernizing the traditional model. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, the spinoff of nonenergy related assets, qualification for a national exchange, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

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SOURCE SinglePoint Inc.