ZFlo Technologies and LOOT8, Inc. Announce Joint Venture to Revolutionize Package Security, Addressing a $30 Billion Annual Problem

Rhea-AI Summary

ZFlo Technologies and LOOT8, Inc., a subsidiary of Gold Rock Holdings, Inc. (OTC: GRHI), have announced a joint venture to revolutionize package security. This partnership aims to address the $30 billion annual problem of lost and stolen packages in the e-commerce and logistics industry. The collaboration will leverage AI technology from GRHI's K-Project division to enhance theft deterrent solutions and introduce safety data features.

The joint venture will integrate blockchain and artificial intelligence to improve ZFlo's existing theft deterrent solution for package delivery. It will also introduce new capabilities for delivering important safety data information for packages requiring such measures. This innovative approach combines ZFlo's expertise in secure delivery solutions with LOOT8's blockchain-based platform and the K-Project's AI technology.

Positive

• Addressing a $30 billion annual problem in package theft and loss
• Integration of blockchain and AI technologies to enhance package security
• Potential to significantly impact the package delivery industry
• Introduction of real-time safety data tracking for sensitive deliveries

Negative

• None.

Partnership Leverages AI Technology from Gold Rock Holdings' K-Project Division to Enhance Theft Deterrent Solutions and Introduces Safety Data Features

VIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- ZFlo Technologies (ZFlo) and LOOT8 (loot8.io) a wholly owned subsidiary of Gold Rock Holdings, Inc. (OTC: GRHI) ($GRHI) ("Company") announce a groundbreaking joint venture aimed at revolutionizing package security and delivery services. The collaboration seeks to advance GRHI's wholly owned subsidiary's loot8.io blockchain platform and the Company's K-Project AI technology division to significantly enhance ZFlo's existing theft deterrent solution for package delivery. The initiative addresses a critical issue in the e-commerce and logistics industry, where lost and stolen packages amount to a staggering $30 billion estimate in annual losses.

Larry Fox, CEO of ZFlo Technologies, states, "This joint venture with GRHI's LOOT8 and its K-Project AI division allows for the integration of blockchain and artificial intelligence, making a significant leap forward in our corporate mission to provide unparalleled security for package deliveries. With $30 Billion in annual losses in package theft and loss, the need for innovative solutions is at its greatest. By leveraging AI, we're not just preventing theft but creating a smarter, more responsive system that can adapt to new real-time challenges, potentially saving billions for businesses and consumers alike."

The joint venture collaboration will strengthen ZFlo's current offerings in package theft/loss prevention and introduce new capabilities for delivering crucial safety data information for packages requiring such measures. The innovative approach combines ZFlo's expertise in secure delivery solutions and loot8.io's blockchain-based platform with the K-Project's cutting-edge AI Technology.

Marcus Daley, CEO and Director of Gold Rock Holdings, Inc., states, "We are excited to work with ZFlo Technologies, where we can bring our advanced blockchain and AI technology solutions from GRHI's wholly owned subsidiary loot8.io and the K-Project division to this collaboration. The synergy between LOOT8’s blockchain platform and the K-Project's AI capabilities could significantly enhance ZFLo's theft deterrent solution while offering improved security and introducing innovative features like real-time safety data tracking on sensitive deliveries. Given the massive scale of the global packaging theft/loss problem, I believe GRHI's combined technologies with those of ZFlo's have the potential to impact the package delivery industry substantially."

For further information, contact the Company at 757-306-6090 and email: contact@goldrockholdings.us.

About ZFlo Technologies

ZFlo Technologies' founders had first-hand experience of package theft and embarked on a mission to craft a more effective solution than what was currently available. Over the last five years, ZFLO Technologies evolved from an idea into an innovative, developing complex solution, while pushing the boundaries of IoT technology. ZFLO Technologies looks to create and integrate cutting-edge technologies that are a step ahead of package thieves and make a significant difference in combating package theft and loss - https://www.zflotechnologies.com/.

About Gold Rock Holdings, Inc. (OTC: GRHI) ($GRHI)

Gold Rock Holdings, Inc. (OTC: GRHI), through its K-Project division, provides artificial intelligence (AI) solutions, specializing in advanced language processing and real-time translation technologies. With a strong focus on innovation and practical applications of AI, GRHI continues to develop cutting-edge solutions for businesses worldwide. The Company's wholly owned subsidiary LOOT8, Inc. "(LOOT8) (loot8.io),  focuses on innovation in the rapidly evolving world of AI, digital assets, and blockchain technology. LOOT8™ is an innovative enterprise-level content management platform. LOOT8™ is redefining digital collectibles and fan experiences in the Web3 era, integrating a suite of advanced tools; the platform offers unique benefits like product drops, venue interactions, and sustained fan engagement, a community of "SuperFans." Available in the App Store, Google Play Store, and in the browser, LOOT8™ seamlessly bridges Web2 and Web3, providing a secure SaaS-like transition into the future of digital content. With its ability to merge digital collectibles with real-world experiences, it's adaptable across events like concerts, conferences, and sports. The Company's dedicated and experienced Management team seeks to find unique and cutting-edge technologies in the AI sector - https://www.goldrockholdings.com/; Corporate YouTube Video: https://www.youtube.com/watch?v=eV1q6as88Fo&t=1s

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, including the Company's filings disclosed at www.sec.gov. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Contact:

Gold Rock Holdings, Inc.
https://www.goldrockholdings.com/
757-306-6090

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/89978878-4e10-4b7b-a87a-e5f6a1ec9989

FAQ

What is the joint venture between ZFlo Technologies and LOOT8, Inc. (GRHI) aiming to achieve?

The joint venture aims to revolutionize package security and delivery services by integrating blockchain and AI technologies to enhance theft deterrent solutions and introduce safety data features, addressing the $30 billion annual problem of lost and stolen packages.

How will the AI technology from Gold Rock Holdings (GRHI) be used in this joint venture?

The AI technology from GRHI's K-Project division will be leveraged to enhance theft deterrent solutions, create a smarter and more responsive system that can adapt to real-time challenges, and potentially save billions for businesses and consumers.

What new capabilities will the joint venture introduce for package delivery?

The joint venture will introduce new capabilities for delivering important safety data information for packages requiring such measures, as well as real-time safety data tracking on sensitive deliveries.

How does this joint venture potentially impact Gold Rock Holdings (GRHI) stock?

This joint venture could potentially impact GRHI stock positively by addressing a significant market problem worth $30 billion annually, which may lead to increased revenue and market share in the package delivery industry.