MANALAPAN, N.J., June 13, 2018 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (OTCQB:SNPW) announces that its wholly owned subsidiary MedRecycler TM has engaged Wert-Berater, Inc. for a Feasibility Study in support of its ongoing financial review and underwriting of its Medical to Waste Energy Project in Johnston, Rhode Island. Wert-Berater, Inc. (www.wert-berater.com) is a leading expert in providing true third-party “bankable” feasibility studies.
“Wert-Berater has completed thousands of third party “bankable” independent feasibility studies that are relied upon by banks, investors, funds, and bond underwriters,” stated Nicholas Campanella, CEO of Sun Pacific Holding Corp. “This step is part of the process that we are undertaking in working with our bankers in completing the underlying financing for our Medical Waste to Energy project. A bankable third party feasibility study that provides the support and validation that allows for the most cost efficient financing options for the Company, be it either bank debt and/or bond debt. We are please with the progress we have made to date and look forward to continuing to move the project along timely, so we can meet our goal of an early 2019 revenue generating start date.”
Sun Pacific’s Medical Waste to Energy opportunity in Rhode Island is the Company’s first response in targeting a global medical waste market place that is expected to reach $33.4 billion by 2025. Sun Pacific’s goal is to target and build out other strategic Waste to Energy opportunities in North America in support of its high efficiency gasification technologies.
The Company looks forward to keeping its stakeholders aware of its progress as it moves forward with the launch of this facility in Rhode Island. We will be updating our progress as we complete our next milestones in this very exciting project.
About Sun Pacific Holding Corp.
Sun Pacific Holding Corp. (OTCQB: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.
IR Contact Sun Pacific Holding Corp 215 Gordons Corner Road Manalapan, NJ 07726 Phone: +1 (888) 845-0242 Email: ir@sunpacificholding.com Website: www.sunpacificholding.com
