Sun Pacific Holding Corp. Projects $63 Million in Revenue from Contract

MANALAPAN, N.J, December 1, 2017 – Street Smart Outdoor Corp a wholly owned subsidiary of Manalapan based Sun Pacific Holding Corp. (SNPW) is now projecting $63 million in revenue from its signed contract with the (Tallahassee, FL.) Star Metro Transportation Authority to manage advertising space on more than 1000 bus shelters and benches

“This contract further establishes Sun Pacific and its Street Smart subsidiary as a regional leader in outdoor advertising” said Sun Pacific CEO Nicholas Campanella. “We worked hard to show Star Metro Transportation Authority how our smart kiosks will provide users with a unique and state of the art experience.”

With nearly 500 shelters combined with 500 additional benches the company is expected to realize revenue exceeding $6.3 million per year. The agreement is for 10 years.

The U.S. Transportation Research Board has reported that nearly $1 billion is spent annually on advertising in public transit facilities and vehicles. This includes nearly $400 million spent on bus shelters and benches. “Increased technology including the use of audio and interactivity is increasing engagement and targeting, providing robust growth in the sector” added Campanella. “This is a big focus for us as the world continues to move away from print media and into the digital age. Sun Pacific is ideally positioned going forward.” Sun Pacific also announced earlier this week it was initiating its Sun Pacific Power subsidiary’s contract with the state of Rhode Island, beginning the installation and maintenance of Solar Powered Bus Shelters and Transit Amenities at hundreds of locations across Rhode Island.

About Sun Pacific Holding Corp.
Sun Pacific Holding Corp. (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.

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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.

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2017-12-01T21:27:22+00:00December 1st, 2017|Categories: Press Release|