October 05, 2020 09:30 ET | Source: Sun Pacific Holding Corp.
MANALAPAN, N.J., Oct. 05, 2020 (GLOBE NEWSWIRE) — Sun Pacific Holding Corp. (Other OTC: SNPW) today announces that its wholly owned subsidiary, Street Smart Outdoor Corp (“SSO”) and Township of Howell New Jersey have entered into an initial five year agreement for its outdoor advertising on street furniture panels. This program will proceed under a contract held by Sun Pacific Power Corp and managed by Street Smart Outdoor. In support of this new program, Street Smart Outdoor is currently expanding its advertising presence in New Jersey with up to 40 Bus shelter faces to be used for advertising at various locations throughout this high population town with high traffic.
In 2019, out-of-home advertising spending reached close to 39.42 billion U.S. dollars worldwide. This figure is forecast to decrease in the following years, with global expenditures projected to fall to 37.1 billion U.S. dollars by the end of 2022 as a result of the coronavirus outbreak. Sun Pacific aims to participate in and benefit from this significant and continuing advertising revenue growth trend.
Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are very pleased to add locations as we work on expanding our reach to national advertisers. We believe that current national advertising partners will benefit from our outdoor inventory within the USA. A key strategy for us is to identify opportunities and build out our portfolio to enhance and optimize revenues with our current inventory of Street Smart Outdoor. We look forward to providing more information as developments progress.”
About Sun Pacific Holding Corp.
Sun Pacific Holding Corp. (Other OTC: 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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