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Posted On: 07/06/2022 12:52:42 AM
Post# of 13565
Re: ThreeEmInEn #2269
Better reread the article
"Sun Pacific Holding Corp. Projects $63 Million in Revenue from Contract
MANALAPAN, N.J, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Street Smart Outdoor Corp a wholly owned subsidiary of Manalapan based Sun Pacific Holding Corp. (OTCQB: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"
"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".
Company explained it all in the 10Q
"As of today, the Company’s principal source of revenues is derived from Street Smart Outdoor Corp. operations in the outdoor advertising business with contracts in place in New Jersey, and Tallahassee, Florida. The Company is currently migrating away from performing work in Rhode Island"
Doesn't get more transparent than that.
Quote:"
"Tallahassee agreement (if you read it) has nothing to do with bus shelter advertising
"Sun Pacific Holding Corp. Projects $63 Million in Revenue from Contract
MANALAPAN, N.J, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Street Smart Outdoor Corp a wholly owned subsidiary of Manalapan based Sun Pacific Holding Corp. (OTCQB: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"
"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".
Company explained it all in the 10Q
Quote:
No 8-K filing on any material changes to that 2017 10 year contract? Maybe nothing changed???
"As of today, the Company’s principal source of revenues is derived from Street Smart Outdoor Corp. operations in the outdoor advertising business with contracts in place in New Jersey, and Tallahassee, Florida. The Company is currently migrating away from performing work in Rhode Island"
Doesn't get more transparent than that.
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