Sun Pacific Holding Corp (SNPW)

[Trooperstocks]

$SNPW Shareholder Update (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

Recent Company Highlights
Elimination of Convertible Debt: All prior convertible debt was eliminated and converted to equity. As of March 30, 2018 Sun Pacific Holding Corp. has 60,958,373 shares outstanding.

Key Contracts: We signed contracts with both Star Metro Transportation Authority in Tallahassee, FL and the State of Rhode Island Transportation Authority.

Renewable Energy: Contracted to build the first plant in New England capable of treating medical waste that also creates clean energy.

Recent Solar Tariffs: We expect to benefit from recent legislation placing tariffs of 30 percent on imported solar panel technology.

"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.

Link to Article: https://www.thestreet.com/story/14547574/1/sun-pacific-holding-corp-issues-shareholder-update-highlights-of-first-six-months-as-a-public-company-include-recapitalization-and-expansion-into-new-markets.html