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SPOOZ INC - SPZI STOCK NEWS

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JP 3E Holdings, Inc., formerly known as Spooz, Inc. (SPZI), is a global leader in commodity trading specializing in optimising trade processes across various sectors. The company is committed to sustainability and driving new trends in global commodity markets. Operating under the ethos of supplying essential needs of Eating, Energy, and Education (3E), JP 3E Holdings continues to make significant strides in the industry. With exclusive partnerships and strategic acquisitions like Power Engineering Corporation (PEC), JP 3E Holdings is poised for substantial growth and expansion in the energy sector. The company's ongoing initiatives and strong clientele, including major industry players like Qatar Energy, Shell Oil Company, and Exxon Mobil, position it as a key player in the market. With a focus on innovation and global market leadership, JP 3E Holdings remains at the forefront of the industry, committed to delivering value to its stakeholders.

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JP 3E Holdings, Inc. (OTC: SPZI) and Bloxcross, Inc. have launched a new Global Trade Financing Platform, following JP 3E's acquisition of a majority stake in Bloxcross. The platform is expected to significantly contribute to both companies' revenue by executing existing commodity contracts. Bloxcross, with offices in multiple countries, completed $135 million in global transactions in 2023 using its proprietary AI-powered technology.

The global trade finance market, valued at $9.3 trillion in 2022, is projected to reach $12.5 trillion by 2032. Diego Baez, CEO of Bloxcross, will join JP3E's Board of Directors and become its new CEO, bringing extensive experience from top technology and financial firms. John K. Park will remain as Chairman of JP3E.

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JP 3E Holdings, Inc. (OTC: SPZI) has successfully acquired a majority stake in Bloxcross, Inc., a digital assets innovation company. This strategic move aims to accelerate revenue growth in Energy, Agriculture, and Education sectors while enhancing JP 3E's capabilities in commodity shipments and contracts. Diego Baez, CEO of Bloxcross, will join JP 3E's Board and become its new CEO, with John K. Park remaining as Chairman. Baez brings extensive experience from top tech and financial institutions. The acquisition leverages Bloxcross's AI-driven digital asset technologies to innovate in global payments and trade finance, positioning JP 3E for significant global expansion in the $10.52 trillion trade finance market.

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JP 3E Holdings, Inc. (OTC: SPZI) has acquired the 510 Hamilton Real Estate property for $24,000,000, appraised at $37,460,000 with $14,300,000 equity. The property, located in Somerset, NJ, is an 84-unit multipurpose student housing facility with two commercial spaces, generating approximately $200,000 in monthly income. It's projected to yield $2,430,000 in annual rental income for 2024.

The acquisition was made through a combination of 70,000,000 warrants at $.20 per share ($14,000,000) and 20,000,000 Series C Preferred Stock at $0.50 per share ($10,000,000). This move aligns with JP3E's strategy of combining education, eating, and energy platforms. CEO John Park emphasized the immediate value this acquisition brings to JP3E's balance sheet and income statement, hinting at a larger real estate acquisition announcement coming soon.

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JP 3E Holdings (OTC: SPZI) announced the completion of its financial audits for 2023 and 2022, conducted by Astra Audit & Advisory. Astra's audit confirmed the company's compliance with GAAP standards and issued an unqualified opinion on the financial statements' fairness. This audit aligns with new PCAOB standards, AS1000 and QC1000, enhancing audit quality. JP 3E aims to file Form 10 with the SEC for fully reporting status, initiate name, ticker, and CUSIP changes with FINRA, and remove the shell risk designation. Long-term goals include uplisting to OTCQB without a reverse split. The audited statements are available on the OTC Markets website.

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JP 3E Holdings, formerly Spooz (OTC: SPZI), announced an agreement to acquire a majority stake in Bloxcross, a digital assets innovation company. This strategic investment aims to leverage Bloxcross's blockchain technology to enhance global bilateral trade, cross-border payments, and financial applications. The acquisition aligns with JP 3E's vision of creating a sustainable ecosystem in critical sectors such as Energy, Eatables, and Education.

CEO John Park emphasized the synergy between the companies and highlighted the potential for growth in the $10.52 trillion global trade finance market. The transaction, expected to complete in 60 days, is set to expand JP 3E's market presence and drive innovation in trade financing solutions. Bloxcross CEO Diego Baez noted the significance of the partnership in scaling their AI-driven digital asset technologies globally.

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On May 22, 2024, Power Engineering (PEC), a subsidiary of JP 3E Holdings, announced a joint venture with Bloxcross (BLOX) to expand operations in the Middle East and North Africa (MENA) region. The partnership will initially focus on PEC’s Oil and Gas vertical, with Bloxcross financing trading activities. This agreement aims to implement a Trade Financing Platform for PEC’s global trade deals, leveraging Bloxcross's AI-powered solutions for secure and efficient transactions. PEC will handle trade transactions, and Bloxcross will provide significant financing and necessary digital infrastructure. The collaboration promises to enhance PEC's operations in the Oil and Gas, Healthcare, Construction, and Commodities sectors, driving substantial growth and value for partners and customers.

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JP 3E Holdings, Inc. and Kerogen Resources have formed Kerogen Resources II to develop unconventional shale assets in the U.S. JP3E will have majority ownership and provide funding, while Kerogen Resources will operate and have a minority stake. This partnership marks a significant expansion of JP3E Holdings' presence in the energy sector, with plans to start funding in the third quarter of 2024.

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JP 3E Holdings, Inc. has acquired 51% of Power Engineering (PEC) to enhance its presence in the LNG sector, valued at over $24 million. PEC has secured contracts for 2023-2025 and exclusive partnerships with industry leaders. The acquisition aims to drive JP3E's annual revenues beyond $100 million in the energy sector.

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Bloxcross and JP 3E Holdings are launching a global platform for trade finance, integrating AI to enhance financial transactions. The platform aims to revolutionize trade finance by reducing costs, improving transaction speed, and enhancing security. The collaboration between the two companies combines industry knowledge with technological solutions to benefit clients across various industries.

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JP 3E Holdings, Inc. (SPZI) is set to become a Fully Reporting Company by retaining Accell Audit & Compliance, PA, aiming to uplist to OTCQB. The company's CEO expects audited financials to enhance credibility and anticipates significant revenue growth from upcoming business operations.
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FAQ

What is the current stock price of SPOOZ (SPZI)?

The current stock price of SPOOZ (SPZI) is $0.0041 as of December 5, 2024.

What is the market cap of SPOOZ (SPZI)?

The market cap of SPOOZ (SPZI) is approximately 29.6M.

What is JP 3E Holdings, Inc. formerly known as?

JP 3E Holdings, Inc. was formerly known as Spooz, Inc.

What are the core values of JP 3E Holdings?

JP 3E Holdings operates under the ethos of supplying essential needs of Eating, Energy, and Education (3E).

Who are some of JP 3E Holdings' key clients?

JP 3E Holdings counts major industry players like Qatar Energy, Shell Oil Company, and Exxon Mobil among its key clients.

What is the strategic focus of JP 3E Holdings?

JP 3E Holdings focuses on innovation, sustainability, and global market leadership in the commodity trading sector.

What strategic acquisitions has JP 3E Holdings made recently?

JP 3E Holdings recently acquired Power Engineering Corporation (PEC) to bolster its position in the energy sector.

How does JP 3E Holdings drive growth and expansion?

JP 3E Holdings leverages exclusive partnerships, strategic acquisitions, and a commitment to innovation to drive growth and expansion.

What sets JP 3E Holdings apart in the industry?

JP 3E Holdings' focus on sustainability, market leadership, and delivering value to stakeholders sets it apart in the industry.

What is the outlook for JP 3E Holdings in the global commodity markets?

JP 3E Holdings is positioned for substantial growth and market leadership in the global commodity markets.

How does JP 3E Holdings approach trade processes?

JP 3E Holdings specialises in optimising trade processes across various sectors and driving new trends in global commodity markets.

What is the vision of JP 3E Holdings for the future?

JP 3E Holdings aims to establish itself as a key player in the industry through innovation, strategic partnerships, and global expansion.

SPOOZ INC

OTC:SPZI

SPZI Rankings

SPZI Stock Data

29.58M
5.80B
0.03%
Software - Application
Technology
United States of America
Chicago