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Frontline Power Solutions, a Subsidiary of SinglePoint, Inc., Closes on a 4.5 Million kWh Energy Services Contract with a Leading National Commercial Real Estate Company-As Energy Costs Rise, Businesses Seek Affordable and Secure Energy Solutions -FrontLine Power Solutions (FPS) is SinglePoint's Latest Transaction in Energy Services Sector PHOENIX, Dec. 13, 2022 /PRNewswire/ -- SinglePoint, Inc. (OTCQB:SING) announced today that its subsidiary, Frontline Power Solutions ("the Company"), closed on a 4.5 million kWh Energy Services Contract representing its largest contract to date since being acquired by SinglePoint. The Company is a licensed energy services company, "ESCO," operating in 15 states and providing electric and gas contracts to commercial companies in deregulated states. With 20 years of energy experience, Frontline Power Solutions' deep relationships provide detailed energy procurement and curtailment strategies for commercial businesses. The latest transaction will save approximately $800,000,00 in energy costs over the contract term. Energy costs have significantly increased throughout 2022, as high as 200%, and are projected to be a challenge for businesses. Frontline Power Solutions provides clients with strategic energy procurement strategies, resulting in reduced and predictable power costs for years. Procuring energy directly from the utility can result in increased energy supply rates. However, customers of Frontline Power Solutions can lock in their rates at a discount as outlined by this recent transaction. John Holmes, Frontline Power Solutions CEO, said, "We are excited about this being the largest transaction since being acquired, which is one of many in our current pipeline. Our customers have relayed their concerns about power and energy costs increasing from the rise of natural gas costs and production. We expect a large influx of new clients to come through our pipeline in 2023." With a significant rise in energy usage, a volatile natural gas market, and more uncertainty in the global market, FPS energy procurement solutions serve an essential ole for both small and large enterprises looking to protect their bottom line. Many businesses' energy costs are of paramount importance as these are typically one of their most expensive line items. Locking in an energy cost rate enables these businesses to predict cash flow and budget accordingly. The Company currently has 22 representatives throughout fifteen (15) markets and plans to expand to 35 reps by the end of the year. The current staff has multi-million-kilowatt hours already quoted for contracts in the pipeline and continues adding to this potential weekly sales pipeline. A key selling point in the Frontline Power Solutions transaction is offering these commercial businesses a cost-efficient and reliable energy solution. Such solutions will encompass all customers' needs, from wholesale energy to solar, EV, and Energy Storage solutions, with the ultimate goal of being able to help all our customers offset their energy costs and meet carbon-neutral efforts. About Frontline Power Solutions About SinglePoint Inc (OTCQB: SING) Forward-Looking Statements Technical and other 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:
View original content to download multimedia:https://www.prnewswire.com/news-releases/frontline-power-solutions-a-subsidiary-of-singlepoint-inc-closes-on-a-4-5-million-kwh-energy-services-contract-with-a-leading-national-commercial-real-estate-company-301701503.html SOURCE SinglePoint Inc. |