Sun Pacific Holding Corp. (OTCQB:SNPW) announces that its wholly owned subsidiary, MedRecycler-RI, Inc, has engaged NW Capital Markets Inc., as bond underwriter to lead and develop its bond fund financing options for the Company's medical to waste engergy project in Johnston, Rhode Island. NW Capital Markets has provided bond underwriting for project financings for over 20 years and has successfully funded more than $50 billion of bonds for its clients. NW Capital serves a wide-array of bond issuers, from small towns and cities to major metropolitan cities and counties to regional issuers to states and state agencies.
David J. Eckhart, Managing Director and Thomas K. Beckett, Senior Vice President of NW Capital Markets Inc will be leading the effort. NW Capital Markets Inc will be working directly with the Company's management team and partners, along with recently engaged Wert-Berater, who is currently completing the Company's independent feasibility study in support of our Rhode Island project.
"We are extremely pleased to have added NW Capital Inc. to our team. Adding longer term bond debt financing to our financial architecture improves the financial performance of these kinds of projects for all of our stakeholders," stated Nicholas Campanella, CEO of Sun Pacific Holding Corp. "The hard work that our management team and our partners have been putting into this project is starting to payoff. We continue to quickly achieve our milestones as we progress along our timeline. Our next critical short-term milestones include locking down our pre-bond bank debt financing that is currently underway and starting work on preparing the location that we have choosen for this medical waste to energy project. These next milestones are on our critical path that should allow us to start accepting and processing medical waste, in early 2019."
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 medical waste to energy opportunities in North America in support of its high efficiency gasification technologies. The Company is assembling a team of noted experts across the continuum as it lays the foundation of building a profitable recurring value proposition for our stakeholder's. A value proposition that that creates a green solution to the problem of efficiently yet profitably removing medical waste from the environment.
The Company looks forward to keeping its stakeholders aware of our progress as we move forward with the launch of this faciltiy in Rhode Island. We will be updating our progress as we complete our next milestones in this very exciting project.
About the Firm
NW Capital Markets Inc.is an experienced Municipal Bond Underwriting firm in the Northeast whose professionals provide expert underwriting advice to States, Local Governments and Authorities in pursuing their financing needs. For more information, visit http://nwfinancial.com.
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.
Sun Pacific Holding Corp
215 Gordons Corner Road
Manalapan, NJ 07726
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