Sun Pacific Holding Corp. (OTCQB:SNPW) announces that its wholly owned subsidiary MedRecycler 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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