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merger with Foxess or GEP - That was said with tongue in cheek.
In short, I don't believe any rational company would engage in such a merger. After all, as you suggest, what does SNPWD have to offer any company? Cash? NO. Patents? Not anything of value as far as I know. Relevant expertise? None that I know of.
The only possibility I can conceive of is for access to the US market. But surely there must be other ways of getting access to the US market besides merging with a US company? However, since I don't really know much about how foreign companies gain access to the US market, I can't really comment any further on that possibility.
Why would a company acquire or merge with SNPW? Nick Campanella has a company ridden with debt, no distribution, no sales, no servicing... You guys understand a public shell company is very cheap to acquire right?? You can get a CLEAN shell company for less than half a million, no one in their right mind is going to take on a company with zero assets and millions in liabilities. Unlike Drugman and 1jk1, who are notorious morons, I respect your views and I'm here to have a real conversation with you.
Now we know Elba was a sham, it's relisted for lease. I called the listing agent and the site visit NEVER HAPPENED In January, SNPW hasn't been there since last year according to the agent. Nick Campanella posted old pictures of them at the site last year to pretend they were there in January in Elba.
And before anyone claims it's another site, you can CLEARLY see the pictures Campanella posted were of Elba's loading docks.
Probably before we know when it is supposed to
Agree. SNPWD seems to be laying low now for whatever reason. So I'm not going to try and guess when it will come off.
All I know is every company that I have owned with a D appended had it come off after 19 or 20 days.
My wild guesses run from bankruptcy to a merger with Foxess or GEP.
But like you say, "who knows"?
Yeah, the "predetermined timeframe" part is very intriguing. Seems to me they were saying that it is predetermined by the company.
Thank you for your thorough reply.
Your patience is much greater than mine regarding the question of who controls the removal of the appended "D".
When I have time, I'm going to go back to FINRA to see if I may have missed something (even I make mistakes occasionally - lol).
Given what you have found with co-pilot I found this part most interesting: "The decision to remove the “D” designation follows a predetermined timeframe and is not discretionary." This makes sense if FINRA is in control of these changes, and it is up to FINRA not the company who decides when the D is removed.
Perhaps since the RS was a "whopping" 4000 to 1 (essentially wiping out previous shareholders), FINRA is keeping the "D" appended until it receives some unidentified info from the company. This makes sense as well to me.
Anyway, as I said whenever the "D" comes off it probably won't matter to those who are trading this ticker for short-term gains. Heck, if I wanted to swing trade SNPWD I could probably make a few bucks as well. However, such trading is definitely NOT worth the risk to me for a few bucks.
I plan to keep following this ticker just out of my own curiosity. I've got a feeling there is more to this story than we know publicly. But who knows how this will end? I for one would surely not claim to know how it ends. I have some hunches, but no sense in posting them as it is all merely speculation.
I'll give you two answers to your question.
You are correct. But then my question is how long can a company maintain a "D" at the end of their ticker?
Most references say 19 or 20 days. Yet here we are more than 45 days since the "D" was added.
Could it have something to do with the Corporate Action Flag that FINRA placed on the ticker?
That flag was removed 19 days after FINRA changed SNPW to SNPWD. (see my previous post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174152511)
Yet still the D remains. Ticker name doesn't really matter to those trading this company, but I am just curious why the "D" hasn't been removed yet? Do you have an answer for that?
New 52 week low tomorrow? About to dip below $1? We’re well into the triple zeros based on before the 4000:1 reverse split.
Market cap touched 250k today at $1.10. Lol
Market cap dipped below kazi’s projected 300k by April 2024.
The stock continues to surprise how low it can go. Slow and steady until the corporate P.O. Box address is no longer accepting mail.
Company is just melting away like the wicked witch while a couple of remaining oompa loompas are still nursing on the koolade.
my opinions are just thar
good luck
How about that price action!
Ahh this makes sense. Still I don’t get why the d hasn’t been removed atp.
The "90-days" referred to in that notice is the transition period for transitioning between FINRA policies. The transition period began on 11/20/2014 and ended 90 days later. During that time both the old policy and the new policy were in effect. After the 90 day transition period ended, only the new policy was in effect. The 90 days refers to the policy change transition, not to the amount of time the D remains on stocks.
FINRA Daily List shows SNPWD corporate action flag removed on March 14, 2024.
Yet the "D" remains.
https://otce.finra.org/otce/dailyListDaily List Date/Time Event Type Eff/Ex Date/Time Symbol
03/14/2024 00:00:00 Subject to Corporate Action Flag Removed 03/14/2024 00:00:00 SNPWD
12 shares is so insignificant. Who the Flip cares. And begging us not a good look. Lmao.
Found out why the "D" still remains on SNPWD after ~45 days.
Here's the answer from FINRA:
I vehemently beg to differ because all the loony postings are located right here on ihub for eternity.
12 shares?....so yer a Broker now??? lolololsss
Proved some time ago ye cant read or do math so I'm not surprised one bit.
Held millions after selling to recoup my investment + a moderate gain so I suggest ye rethink that silly AR$Eumption.
Get a clue Pinocchio along with the rest of yer Muppet mates.
Tick Tock Tick Tock.......................................
Of course Fox-ess isn't concerned, Nick Campanella paid his own way to go to China and took a bunch of pictures to fool you! It's his same playbook for seven years now, staged photo ops to promote fake partnerships that result in zero dollars, only a moron would fall for it.
Did Fox-ess invest $1 into SNPW? NO
Did Fox-ess attend the fake site visit? NO
Keep promoting this Fraud, how do you like that price action today? ROFLMAO
How about that price action!
Down another 40+ percent on opening.
Sure looks like folks have a ton of faith in this POS.....
Maybe they went to Waffle House.
No one is concerned about you, clown.
We simply do not condone scamming.
Very True:
$snpw pic.twitter.com/xW4z7VRzOo
— Sun Pacific Holding Corp (@SunPacificPower) December 4, 2023
$snpw #FoxESS pic.twitter.com/BCBvVGnq9T
— Sun Pacific Holding Corp (@SunPacificPower) December 4, 2023
Great accommodations and hospitality from our partners FoxESS and Tsingshan Group and for hosting our visit as we focus on our future goals $snpw #battery #solar #relationship pic.twitter.com/kNHRqXBfY6
— Sun Pacific Holding Corp (@SunPacificPower) December 4, 2023
another big fat Golden-Goose-Egg ($0) on Easter
every holiday is so depressing when you consider how miserably bad this company continues to represents itself to shareholders through its absolute pathetic SEC filings, losing subsidiaries to the ceo's personal portfolio, losing ONLY revenue contracts, MASSIVE 4000:1 Reverse Split and then the teenage-type tweets.
the oompa loompas are down to 2.
time is not on this company's side. "slow and steady" bullshit mantra doesn't work any longer.
the "so it is written" head games tweets look like someone was insane when they posted those tweets.
the days of pump and dump games are over.....out of PROMOS, except for a typical annual surprise bullshit PROMO tweet before the 2023 10-K comes out.
anyone want to guess how many Vietnamese GEP solar panels were sold since June 8, 2023?
anyone want to guess if the company has sold its first product listed in their online store since December 2022?
ZERO Foxess orders since demo (maintenance & testing) units were shipped in June 2022 (21 months ago). That means ZERO Foxess battery & inverter sales.
how are these working out over the past 3 years?
Our mobile waste-to-energy centers can create electricity to power and heat any building they are hooked up to – this is a game-changing sustainable energy solution.#wastemanagement #sustainability #medicalwaste #covid19 #cleanenergy $SNPW pic.twitter.com/48u4suR2y1
— Sun Pacific Holding Corp (@SunPacificPower) February 18, 2021
Seriously, nobody cares about your 12 share investment in snpw. Lmao.
Low IQ muppet trolls are insanely obsessed with MY inve$tment in SNPW....can ye imagine that!
What an utterly sad bunch of arseclowns. lololsss
LMFAO, Nick Campanella posted pictures on SNPW's X after the fake "site visit" in January, showing him and a random Chinese guy with a tape measure. Those pictures were taken at Elba site 100%, the doors, the floors, the pillars, all match the Elba property. So stop ittt with your LIES!! ROFLMAO
Now that Nick SCAMPANELLA is exposed as a FRAUD, you want to make excuses for him?? ROFLMAO
No Elba, no insurance wrap, no Alabama bond. Oh noo, what will you and Drugman promote now?? ROFLMAO
Also, I called the Listing agent of Elba yesterday, he said Nick Campanella hasn't been there since last summer, meaning he lied about the January visit and is reusing old pictures to stage a fake "site visit". Feel free to call up Kenny Wheatley, the listing agent of the Elba property. The Fraud is nearing its end, next step will be the SEC removing Nick Campanella and banning him for life from running any public companies.
Thank you for worrying about my investment, but I am very happy with my 3 1/2 years in SNPW.
Must be nice to live in your world where REAL LIFE EVENTS don't matter.
SNPW was and remains a high risk investment, those of us that KNOW WHAT WE OWN are fully aware that a loss of one's entire investment is highly possible..
All Kazi really is, is just entertainment for an old retiree that has too much time on his hands.
They never said the site visit was Elba…
Nick Campanella caught red handed publishing FRAUDULENT and Misleading "updates" :
Elba Alabama site updated as of 3.14.2024 Available FOR LEASE:
https://www.loopnet.com/Listing/2251-Old-Curt.../31232905/
This is the same facility Nick Campanella used for X posts in January and published on the alleged site vists in January, the exact same warehouse. Proof further what a lying POS Nick Campanella is.
Measuring delivery doors and plant with SC-SOLAR, GEP/Sun Group team for best design and efficiency. $snpw #solar #battery #usamade #sitevisit pic.twitter.com/DY0RoWrGEl
— Sun Pacific Holding Corp (@SunPacificPower) January 21, 2024
Amazed by kazi but not the co.?
Lmao!
Keep wondering while your investment is down 99% too.
There’s nothing happening as far as a facility lease. Save your wishful thinking. You confirming a site visit is like you confirming an Alabama property purchase, PT.IDN solar tech making a SPP solar panel, the Ri transit contract was still active in July of 2022 because a website was still up or because solar shelters for sale photos were still being tweeted or an 8-k to announce funding was pending in February 2022 following the invictus insurance wrap grade or press releases were due on various Tuesdays since Elba property PPA was signed and expired or the big foxess marketing push for SPP was beginning in the fall of 2022 or Tsingham’s deep pockets were getting ready to rain on SPP/EPC to build a mega solar power products plant or blissful holdings/reaau/inspire were legitimate partners in an Australia solar promo scam or you confirming Durango was shovel ready by Dec. 31, 2021 or you confirming a realistic 10-11 month build out of a solar panel factory by end of 2023 back in January 2022.
it’s like you confirming kazi is Billy or you confirming kazi is big game james or you confirming kazi is dakota or you confirming the company is not destined for bankruptcy
That’s what should amaze you!
Lol
my opinions are just that
good luck
Since you addressed it to me
I only been here about 3 1/2 years.
Made a little profit. over 5000%,.
No dilution yet so I still haven't been hurt by the RS.,
SNPW still has a distributor ship with FoxEss.(according to FoxEss)
SNPW still has exclusive distributorship with GEP New Energy (according to Sun Group)
I have conformation where the site visit took place?
So something can Still happen here.
It is amazing that somene that has or ever had a stake in the company is more worried about the chances of the company might be successful then someone who actually owns shares.
I wonder why?
.
Yeah, Karma helping inform the uninformed is the reason why the stock is in the toilet.
Someone is really hurting and the posts are proving that more and more each week.
This man ran out of excuses for the Conman Nick Campanella and is now accusing others.. ROFLMAO
How exactly is Nick Campanella "winning"? He is the subject of a SEC Enforcement investigation for misleading investors...
FOX-ESS had denied SNPW being their distributor and denied participating in any US ventures..
GEP has their own Sales and Distribution in the US that is selling solar panels while Nick Campanella can't sell ONE SINGLE PANEL!! ROFLMAO
You're a clown if you think anyone will buy these outstanding shares, the SEC is going to shut Nick Campanella down before a single dollar comes in, I will bet you those "14 shares you have left". ROFLMAO
Could it be, a plot twist? An interesting plot twist very interesting indeed..
Must be so so hard for you and your handler.
Going on 2 1/2 years and over 3700 post on this board and over 4000 post on the other trying to destroy a man and his insolvent company since inception and all you done was put him and his company in a better position to go forward.
Today the company still standing with the CEO owning most of the debt and having 970,000,000 new shares to play with
HUM! Giving him a fresh start, a clean slate.
Detective school 101, the guilty one is mostly like the one with the most to gain.
Makes one almost think your handler could be Campanella himself.
Long shareholders no longer an issue, outside debt erased, nearly a billion shares to sell, and as you pointed out, he personally gained control of Medrecycler, street smart.out doors and maybe sun pacific power.
It certainly appears that in the long run the benefactor of your 2 1/2 years of bashing the only winner is Campanella.
Maybe Campanella is the man behind the curtain after all.
You are his chief munchkin have been leading us down the yellow brick road for years (coming up with all that DD, very deep DD) so that your master ended up with the full control of OZ and 970,000,000 new bricks of gold to sell.
You've got an excuse for every single failure of Nick Campanella's 7 years. The FACT remains he's a conman who's ruined all of the shareholders with the RS.
The FACT is Campanella has not sold ONE solar product.
The FACT is Campanella has not secured ONE dollar of investment.
You continue to write essays giving excuses of his failures, that doesn't change the FACTS.
Yawn!
Good morning.
You keep forgetting that the projects for the outdoor advertising were expected to be in the millions (by all parties involved) by 2020 and 2021
All chance of REAL growth was removed by the COVID LOCK DOWN.
Now feel free to disagree with the rest o the world that the COVID lock down had changed Outdoor advertising for ever..
You can tell those thousand of business they didn't go out of business do to COVID. It was all in the heads.
You keep living in your make believe world why the rest of deal with reality.
ROFLMAO!
laughable! facts about transit contracts non-performance terminations
the company's transit revenue was higher during Covid years 2020 and 2021 than pre-Covid years 2019
don't try and fool anyone using Covid as an excuse, here's why.
*******fact: 2020 and 2021 Covid annual filings show company applied for and received 66K of Covid Payroll Protection for the years 2020 and 2021 to support a supposed 5 employee (requiring W-2's) staff (see online government site for PPP data by company name). Hope that gets investigated if not already.
*******fact: from pre-Covid 2018 to 2019 transit revenue dropped from 276K to 150K (see 2019 10-K filing). LMAO!
*******fact: only 1 employee was on the payroll (see filings) during the period of Dec 2019 thru December 2021. Ceo was deferring his salary because the mystery 550K of 2019 SG&A candy jar must have sufficed.
*******fact: pre-Covid filings show company only had approximately 3 or 4 customers accounting for 75-80% of the transit revenue before Covid. LMAO!
******fact: 88K revenue increase in year 2 Covid 2021 (377K) than year 1 Covid 2020 (289K). Doesn't look like much more damage was done?????? Peanuts, but it was something to pay the bills until the company couldn't perform on its contract to meet the revenue and performance requirements. LMAO!
******fact: company blew 260K loan on Chinese shelters in 2016 to install as part of a contract (see filings) and they were still rotting away, for sale on tweetBay, as of July 2022.
******fact: Company stills owes every penny of the 260K private loan pissed away on junk chinese shelters you could probably now buy for .10 cents on the dollar out on the Nj UPS store (corporate office address) curb. LMAO!
we've seen the excuse machine at work for too long.....
- Mexico's government unrest excuse (Durango solar farm), then the permitting stage went away and then the supposed identified funding source went away. (despite meeting with location officials and surveys done) LMAO
- Australia feedstocks ended up being the partners supposedly dropping the ball excuse. (despite tweet stating 2 locations have been "identified" as of July 2022) LMAO
- 19 Medrecycler franchise states identified (see July 2022 tweets) that were supposedly new advanced recycling technology, but then the excuse machine says the Ri bond partner only wanted to invest in Ri (that excuse was never mentioned anywhere else but ihub)??? LMAO!
- Elba, AL property purchase excuse is now something was wrong with the property? (meanwhile another co. just leased 47K of 200K of sq. ft and still no executed agreement anywhere in sight). LMAO!!
and on and on and on......
my opinions are just that
good luck
Financing? Products? Manufacturing facility? Sales force? Do you really think anyone is on the sidelines waiting for snpw to join the game? I don’t.
Last I check while it may no longer be in ELBA the Potential of $450 million or more in annual sales once fully operational remains.
By the time the article you posted was written the damage was already done.
Coronavirus deals severe blow to outdoor advertising groups
https://www.ft.com/content/21db8d49-2c77-4d05-8fb9-d55d1e89efad
Has COVID-19 Changed the Impact of Out-of-Home (OOH) Advertising?
https://www.americanexpress.com/en-us/business/trends-and-insights/articles/has-covid-19-changed-the-impact-of-out-of-home-advertising/
COVID & Outdoor Advertising: A Look Back
https://effortlessoutdoormedia.com/outdoor-advertising-covid-a-look-back/
"This proved to be even more foreboding to industry members, as at the time, there seemed to be no metric, rhyme, or reason for figuring out when things would be back to normal, if ever. And for a company that thrives on people being out of their home to consume our ads, it was doubly troubling".
Here’s How the Pandemic Affected Outdoor Advertising in Major Cities
https://tweakyourbiz.com/posts/heres-how-the-pandemic-affected-outdoor-advertising-in-major-cities
OMG! Does the BS never end with you??
Here's but one of MANY articles about the outdoor advertising industry and how relatively small and short the effects covid had.
https://www.thedrum.com/news/2022/04/11/outdoor-advertising-exploded-37-q4-2021-new-oaaa-report
Find a new monkey you tired organ grinder....
Yawn!
If it is it is.
Real History has shown that the CEO tried for 2 years to get a Medrecycler on line.
And if not for a law that did not exist at the time of the application, a year after the application, 2 years after the application, at the time of the RI-DEM letter of "intent to approve, at the time of the public hearing , and only came into existence a few weeks before RI-DEM was going to approve the project, the compamy would be in much better shape today.
REAL History shows that the CEO not only had one long term contract but 2 long term contract for StreetSmart Outdoors. Whether one considers it reality or an excuse COVID, killed the outdoor advertising industry for 2 years and then changed it forever as people rely on their cellphones for their local advertising.
very sad story for loyal shareholders
there should be some legal recourse when this type of situation involving dozens of misinformation tweets and lack of transparency relating to significant material events (i.e. terminated revenue contracts, lost subsidiaries) not disclosed, by the company, to shareholders, within the regulated required timeframes. Not 4 to 6 months later and following dozens of bullsh*t tweets and some press releases to distract shareholders from material events that took place, with the company fully aware, but not noticing shareholders within the required timeframes. This is NOT about little hidden hints in filings such as "moving away from contracting business" or "focusing more on solar business". It's very simple, tell the share holders, in the proper legal filing manner, within 4-5 days, after the company knew it lost long term revenue transit contracts (i.e.Ri, Nj, Fl), and also tell the shareholders, in the proper legal filing manner, within 4-5 days, after the company knew it lost a subsidiary (i.e. Medrecycler). And tell shareholders, in the proper legal filing manner, within 4-5 days, after the company knew it lost the supposed Mexico solar farm funding (see previous 8-K).
This is where (see link below) there are serious issues relating to previous filings while wasting millions of private loan money coupled with convertible debt (leading to absurd stock dilution) as revenue was dwindling down to ZERO as of September 30, 2023, right before your eyes, while a huge 50 Mil loan/solar plant PROMO was distracting ya'll.
https://uk.marketscreener.com/quote/stock/SUN-PACIFIC-HOLDING-CORP-111314335/news/Sun-Pacific-Holding-Corp-Auditor-Raises-Going-Concern-Doubt-43615535/
Anyone think a "qualified" Going Concern Doubt is finally due and could be found in the next filing in 3 weeks?
Wouldn't be surprised if the next filing is the last annual 10-K filing. Remember, Sun Pacific Power was set up to fail for the last 12 months (knowing there would zero GEP/Foxess sales) and owes the ceo's side company (CaC realty) the money to pay back a promissory note (for supposed sales training investment), sometime in April (possibly as early as next week).....OR ELSE? Is it even fathomable that this ceo would snag another subsidiary (a la Medrecycler) from the Snpw (parent public company) out from under the feet of shareholders, when SPP can't pay back that promissory note to CaC realty in the next 2-3 weeks?
Please read post from June 2023 (after promissory note was revealed in the Q2 2023 filing) where kazi told the room there would not be $1 of SPP solar product sales, after that promissory note was signed (April 2023), on behalf of SPP and CaC realty, by the same famous 1-man band.
Behind the scenes.....it's March 27th tomorrow and April 1st is next Monday. Buckle up my friends.
my opinions are just that
good luck
Last I check while it may no longer be in ELBA the Potential of $450 million or more in annual sales once fully operational remains.
Site visit was only 2 months ago after all.
Absolutely hilarious how a couple of lying nutters enter this space to portray themselves as paragons of truth. lolololololololololololsssssss
The very same loons that have been exposed on many occasions falsifying info, purposely omitting salient facts, outright lying and simply being complete eejits.
Enjoy it while it lasts Muppets!
And this post still remains as a posts on the top of the ihub page. Mega alert. Grossly undervalued. SMH.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171567160
can't imagine letting these pumpers run free. scary!
so refreshing to see the pumpers getting put back in their toy sandbox.
imagine letting the paid pumpers have a free road with this house of cards? newbie after newbie getting burned by the professional OTC stock pumpers.
what a nightmare it has been for them now allowing the world to see what fools they have made of themselves with wrong prediction after wrong prediction and wrong guess after wrong guess and train wreck after train wreck and tweet promo after tweet promo and press release worship after press release worship.
turn out the lights..... party's over. get in the bread line, begging with Oliver, if you're a creditor.
my opinions are just that
good luck
I come here for the daily comedy show of you and Drugman. If Dumb and Dumber made a sequel you two would star in it. ROFLMAO
At this point the entire world knows what a fraud this company is, and what a conman Nick Campanella is, no need to argue with clowns. ROFLMAO
Not as hilarious as a bunch of nutter Muppets invading the board of a supposedly "dead" stock they literally have no connection to or interests in.
Ye might want to reexamine that utter stupidity on display.
Hilarious. Comparing SNPWD to an unexpected snowstorm.
What will folks think of next? Sad, just very sad imho.
"D" in the stock symbol lasts for 90 days following a restructuring event
I'm curious about that statement. Do you have a link for that? tia
Btw, without any revenues I really don't see any viable option other than bankruptcy.
Still following this ticker, but just out of curiosity. I currently have zero interest (neither short nor long) in the ultimate outcome of this company.
Doesn't it just figure. Here we go though a history winter in the NE with hardly any snow then once Spring gets here pow it snows.
Just goes to show you things can change when so unexpectedly.
It's entertaining watching the back and forth here. One minute complaints about being broke the next complaining that the CEO risk more of his own money. If the company did go bankrupt as some people are almost guaranteeing it will the CEO doesn't get any of his money he invested in SNPW back now does he. I wonder why we never hear that part of the conversation . (sigh) Oh Well!
The question that remained unanswered. With all the negatives this company has going for it why does a Fortune 500 subsidiary remain connected?
No dilution yet, clock keep whining down,you all can do what you must, me I waiting to see how this all plays out.
Who knows something unexpected may happen yet.
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Sun Pacific Power Corp E-commerce Catalog: https://store.sunpacificpower.com
Sun Pacific Holding Corp
345 Highway 9 South
Manalapan, NJ 07726
Phone: (888) 845-0242
Email: contact@sunpacificholding.com
Sun Pacific Power has become a diversified publicly traded holding company, “Sun Pacific Holding Corp” (OTCQB:SNPW) to encompass all of its subsidiaries Sun Pacific Power Corp, Street Smart Outdoor Corp, Bella Electrical LLC, National Mechanical Corp, Sun Pacific Security Corp. From the beginning we have continued to build upon our management`s knowledge and experience. We have focused on our primary mission which is serving our customers and now serving our shareholders. We do that by providing quality service and equipment, working to keep customers satisfied, and by doing our part in protecting the environment with smart green technology.
In 2016, the company successfully overcame a number of challenges to achieve significant progress, building on the momentum we have established in recent years. At Sun Pacific Power, the most important accomplishment was obtaining final design of our Smart Solar Bus Shelter, which we started deploying in Sayreville and Howell NJ. It is the most cost-effective path forward and the best option for our customers, providing LED lighting for increased visibility and security as well as other technological additions not previously available. It will also benefit the entire state by supporting economic stability and providing meaningful environmental improvements. Sun Pacific also continued to build on its positive financial momentum. The company received additional capital to add additional street furniture in Tallahassee Florida and New Jersey.
We at the company are committed in putting our customers first in everything we do, and I’m proud to say that our efforts are providing these results. Our customers tell us that they value our reliability above all else, and we take that responsibility very seriously. In 2016, Sun Pacific Power was able to add several additional contracts both on street furniture, advertising and for our Electrical/Construction division. Putting our customers first is the right thing to do, whether we’re talking about homes or businesses, or advertising for our end users. It builds trust, it makes the company stronger, and it supports other important efforts including helping the communities we serve in meaningful ways and building sustainable value for you, our shareholders.
Sun Pacific and its subsidiaries are dedicated to being responsible stewards of the environment and are consistently improving sustainability efforts, while at the same time fulfilling the core responsibility of delivering reliable and affordable service to customers.
In 2016, Sun Pacific Power expanded its use of renewable resources, adding our LED lighting service as well as improving our non-glass solar panel design and proprietary process. Sun pacific Powers use of renewable energy provides the additional benefit of reducing power consumption from our new bus shelter design. The company’s robust energy conservation and efficiency programs are helping customers reduce energy. By also adding solar we allow our bus shelters to qualify for a federal tax credit of 30% for utilizing solar power.
Looking to the future, we are excited about the opportunities ahead and confident that by continuing to execute on our plan, we will build upon the significant progress we have made to date.
We have also been able to respond to RFP`s for additional states and municipalities with an opportunity to acquire more revenue channels.
We remain focused on our core business of delivering reliable, affordable and environmentally responsible service and products. The company will continue to invest in essential capital projects to meet the evolving customer demand and take advantage of developing technology, such as renewable energy, outdoor advertising, and distribution.
We are also well prepared to meet the challenges we face in a rapidly evolving business and regulatory environment. The company is working to strengthen relationships with stakeholders and finding new ways to collaborate to find constructive solutions to mutual needs and concerns. These relationships are critical in helping to secure acquisitions and expansion in current and new states. At the same time, we continue to responsibly manage operations and control costs, while consistently improving customer service and supporting our communities. Collectively, we are planning on additional expansion in other communities for our street furniture division as well as increasing revenues in our current electrical division. Our success to date is the result of the hard work of our dedicated and skilled Sun Pacific employees. They truly make this a great company, and one which I am genuinely proud to lead.
Nicholas B Campanella
Chairman, President, and CEO
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information here.
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