$SNPW(.0013)~owns $20 million Medical Recyling pla
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Posted On: 10/01/2019 6:41:49 PM
$SNPW(.0013)~owns $20 million Medical Recyling plant~ DD
Sun Pacific Power Corporation The Company was incorporated under the laws of the State of New Jersey on July 28, 2009. as Sun Pacific Power Corporation and together with its subsidiaries,
Sun Pacific Holding Corp. (SNPW) Currently, the Company has six (6) subsidiary holdings.
http://sunpacificholding.com/
SIX SUBSIDIARIES:
1 - Sun Pacific Power Corp which was the initial company that specialized in solar, electrical and general construction
http://sunpacificpower.com/
2 - Bella Electric, LLC that in conjunction with the Company operates our electrical contracting work. Bella Electric, LLC is a Pennsylvania limited liability company.
3- Sun Pacific Security Corp., a New Jersey corporation. Currently the Company has not begun operations in the security sector but is reviewing plans to provide residential and commercial security solutions, including installation and monitoring.
https://bellaelectric.com/
4 - National Mechanical Group Corp, a New Jersey corporation focused on plumbing operations in the New Jersey and Pennsylvania areas.
http://national-mechanical.com/
5 - Street Smart Outdoor Corp, a Wyoming corporation that acts as a holding company for the Company’s state specific operations in unique advertising through solar bus stops, solar trashcans and “street kiosks.”
http://streetsmartoutdoor.com/
6 - MedRecycler, LLC, is a wholly owned subsidiary duly formed in the state of Nevada. MedRecycler, LLC was created in 2018 to act as a holding company for potential waste to energy projects. MedRecycler, LLC, currently owns 51% of MedRecycler RI, Inc. a Rhode Island Corporation. MedRecycler RI, Inc. was created for the Medical Waste to Energy facility that the Company is attempting to finance and operate in West Warrick, Rhode Island.
Observation, Notice:
1 * The Company has $123,752 cash and $2,892,827 of cash balances held in escrow at UMB Bank, NA under a project fund that the Company is drawing balances against for the development of its Medical Waste to Energy project in Rhode Island.
2 * Prepaid interest held in escrow $706,933
3 - During the three months ended March 31, 2019, the Company made deposits of approximately $1,700,000 pursuant to a purchase of equipment costing approximately $7,200,000, currently expected to be delivered in August 2019 for assembly onsite at MedRecycler-RI, Inc.’s West Warwick, Rhode Island facility.
4 * In January 2019, MedRecycler, LLC, a 51%-owned subsidiary of Sun Pacific Holding organized in the state of Rhode Island for the development of waste to energy projects in the state of Rhode Island. Currently, MedRecycler-RI, Inc. has entered into an Indenture of Trust in the amount of $6,025,000.00 as bridge financing for a project in West Warwick, Rhode Island. The proceeds from the indenture are held in escrow to be used to (i) to provide for the financing of certain waste to energy facility and related improvements
Indenture of Trust
A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to.
5 * The Company has entered into revenue sharing agreements with the City of Tallahassee, the State of Rhode Island Transportation Authority, and the State of New Jersey, along with others to provide and manage up to approximately 1,700 Solar powered shelters and other related products for a period of up to Ten (10) years that may include providing WiFi Signal Boosters and Advertising in conjunction with the shelters and other related other outdoor related products. Depending upon the timing of installation and advertising revenue generated per shelter and or other advertising-based product, the Company’s Revenue may increase materially from this green energy offering. The Company has recently raised capital to build and deploy up to 20 bus shelters in Rhode Island as part of an income sharing arrangement with an investment group. The Company has recently had 20 bus shelters delivered and is in the process of assembling and deploying the bus shelters into the marketplace. The Company is also presently in the process of adding up to 60 bus benches in the City of Tallahassee and has engaged two new commissioned sales individuals to assist the company in increasing its advertising revenues in the City of Tallahassee market place, along with adding improved sales advertising capabilities in an effort to improve advertising utilization.
6 * The Company has also started the process of developing and building in the State of Rhode Island a Waste to Energy Facility.
Sun Pacific Power Corporation The Company was incorporated under the laws of the State of New Jersey on July 28, 2009. as Sun Pacific Power Corporation and together with its subsidiaries,
Sun Pacific Holding Corp. (SNPW) Currently, the Company has six (6) subsidiary holdings.
http://sunpacificholding.com/
SIX SUBSIDIARIES:
1 - Sun Pacific Power Corp which was the initial company that specialized in solar, electrical and general construction
http://sunpacificpower.com/
2 - Bella Electric, LLC that in conjunction with the Company operates our electrical contracting work. Bella Electric, LLC is a Pennsylvania limited liability company.
3- Sun Pacific Security Corp., a New Jersey corporation. Currently the Company has not begun operations in the security sector but is reviewing plans to provide residential and commercial security solutions, including installation and monitoring.
https://bellaelectric.com/
4 - National Mechanical Group Corp, a New Jersey corporation focused on plumbing operations in the New Jersey and Pennsylvania areas.
http://national-mechanical.com/
5 - Street Smart Outdoor Corp, a Wyoming corporation that acts as a holding company for the Company’s state specific operations in unique advertising through solar bus stops, solar trashcans and “street kiosks.”
http://streetsmartoutdoor.com/
6 - MedRecycler, LLC, is a wholly owned subsidiary duly formed in the state of Nevada. MedRecycler, LLC was created in 2018 to act as a holding company for potential waste to energy projects. MedRecycler, LLC, currently owns 51% of MedRecycler RI, Inc. a Rhode Island Corporation. MedRecycler RI, Inc. was created for the Medical Waste to Energy facility that the Company is attempting to finance and operate in West Warrick, Rhode Island.
Observation, Notice:
1 * The Company has $123,752 cash and $2,892,827 of cash balances held in escrow at UMB Bank, NA under a project fund that the Company is drawing balances against for the development of its Medical Waste to Energy project in Rhode Island.
2 * Prepaid interest held in escrow $706,933
3 - During the three months ended March 31, 2019, the Company made deposits of approximately $1,700,000 pursuant to a purchase of equipment costing approximately $7,200,000, currently expected to be delivered in August 2019 for assembly onsite at MedRecycler-RI, Inc.’s West Warwick, Rhode Island facility.
4 * In January 2019, MedRecycler, LLC, a 51%-owned subsidiary of Sun Pacific Holding organized in the state of Rhode Island for the development of waste to energy projects in the state of Rhode Island. Currently, MedRecycler-RI, Inc. has entered into an Indenture of Trust in the amount of $6,025,000.00 as bridge financing for a project in West Warwick, Rhode Island. The proceeds from the indenture are held in escrow to be used to (i) to provide for the financing of certain waste to energy facility and related improvements
Indenture of Trust
A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to.
5 * The Company has entered into revenue sharing agreements with the City of Tallahassee, the State of Rhode Island Transportation Authority, and the State of New Jersey, along with others to provide and manage up to approximately 1,700 Solar powered shelters and other related products for a period of up to Ten (10) years that may include providing WiFi Signal Boosters and Advertising in conjunction with the shelters and other related other outdoor related products. Depending upon the timing of installation and advertising revenue generated per shelter and or other advertising-based product, the Company’s Revenue may increase materially from this green energy offering. The Company has recently raised capital to build and deploy up to 20 bus shelters in Rhode Island as part of an income sharing arrangement with an investment group. The Company has recently had 20 bus shelters delivered and is in the process of assembling and deploying the bus shelters into the marketplace. The Company is also presently in the process of adding up to 60 bus benches in the City of Tallahassee and has engaged two new commissioned sales individuals to assist the company in increasing its advertising revenues in the City of Tallahassee market place, along with adding improved sales advertising capabilities in an effort to improve advertising utilization.
6 * The Company has also started the process of developing and building in the State of Rhode Island a Waste to Energy Facility.
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