MANALAPAN, N.J, April 06, 2018 (GLOBE NEWSWIRE) — Sun Pacific Holding Corp. (OTCQB:SNPW) (the Company) a green energy company specializing in solar and waste to energy technologies, would like to update its shareholders on commercial projects, strategic relationships and enhancements to capital structure. Sun Pacific Holding is building a “Next Generation” green energy company by offering competitively priced solar panel and lighting products. We own and operate several subsidiaries including Sun Pacific Power Corp., Street Smart Outdoor Corp. and Sun Pacific Security Corp and National Mechanical Group
“With the recent contracts we have signed and our expansion efforts underway, now is the ideal time to provide an in-depth update to the investment community,” stated Nicholas B. Campanella, Chairman and CEO of Sun Pacific Holding Corp. Mr. Campanella continued, “In addition to several key contracts, we have strengthened both our balance sheet and industry relationships. We are confident in our future, as is evidenced in our recent 10-K filing showing management and directors own 55.71 percent of the shares outstanding. I am confident that the strides we have made over the last several months will allow us to remain focused on our principal objective, increasing shareholder value.”
Street Smart Outdoor
Street Smart Outdoor is our street furniture outdoor advertising subsidiary currently maintaining advertising space on more than 1000 bus shelter faces, bus benches, smart solar digital shelters and solar trash bins. We are projecting $63 million in revenue over 10-years from our contract with the various Transit Authorities. The contract calls for Street Smart Outdoor to manage advertising space on more than 1000 bus shelters and benches. Street Smart Outdoor has also formally signed a ten year contract with the state of Rhode Island Transportation Authority to manage and sell advertising space on over 730 bus shelter faces.
Sun Pacific Power Corp.
Sun Pacific Power provides solar powered bus shelters, solar powered LED trash bins, solar products and lighting products. In January 2018 the U. S. Government imposed tariffs of 30 percent on imported solar panel technology to protect domestic manufacturers. In the past, the $28 billion solar industry has sourced about 80 percent of its solar panel products from imports. As we plan to build our U. S. based manufacturing operations, Sun Pacific Power is in an excellent position to benefit from these tariffs
About Sun Pacific Holding Corp.
Sun Pacific Holding Corp. (OTCQB:SNPW) uses management’s knowledge and experience to serve its customers and now its shareholders through quality service and equipment, working to keep customers satisfied, and by doing our part in protecting the environment with smart green technology. For more information, visit www.sunpacificholding.com.
The global medical waste management market is expected to reach USD 33.4 billion by 2025. The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing with rapid pace. The rise in hospitals, multispecialty clinics and diagnostic centers that require large number of inventories for day to day functioning is also leading to generation of more waste. Thus, overall growth in healthcare industry coupled with rising patient population requiring prolong medical and surgical aid is fueling the market growth.
Sun Pacific Holding Corp. (OTCQB: SNPW) uses management’s knowledge and experience to serve its customers and now its shareholders through quality service and equipment, working to keep customers satisfied, and by doing our part in protecting the environment with smart green technology. For more information, visit www.sunpacificholding.com.
Safe Harbor and Forward-Looking Statements
This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company’s OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
April 06, 2018| Categories Press Release