Welcome to our dedicated page for Spooz news (Ticker: SPZI), a resource for investors and traders seeking the latest updates and insights on Spooz stock.
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.
JP3E Holdings (OTC: SPZI) has successfully completed its initial shipment of 300 metric tons of ICUMSA 45 Sugar from Brazil to Turkey through its subsidiary JP Energy Global. This delivery initiates a full year of scheduled sugar deliveries under the contract. The transaction was executed through their newly launched Trade Finance platform in partnership with Bloxcross, designed to facilitate faster and more efficient global trade operations. The company expects this to lead to extremely profitable sugar contracts with monthly shipments throughout the year.
JP3E Holdings (OTC: SPZI) reported strong financial results for the nine months ended September 30, 2024. The company achieved its first recorded revenue of $112.2 million, primarily driven by the acquisition of Bloxcross, Inc. Key financial metrics include gross profit of $14.4 million, net income of $6.1 million (improved from a $14,014 loss in Q3 2023), and total assets increase to $43.5 million. The company completed strategic acquisitions including Bloxcross, adding blockchain solutions valued at $25.3 million, and Hamilton Associates, contributing $18.2 million in real estate assets. JP3E also initiated commodity trading operations with its first chicken paw shipment to China.
JP3E Holdings (OTC: SPZI), formerly Spooz, has issued a clarification regarding their October 31, 2024 press release. The company states they have no interest in the transaction with Öztürk Holding. JP3E's involvement is strictly to executing EB-5 funding for Kerogen II. The company also provided contact information for their Global Trade Financing Platform through Bloxcross.
JP3E Holdings (OTC: SPZI) has executed a binding MOU with Kerogen Resources to form Kerogen Resources II, , a subsidiary majority-owned by JP3E. The agreement includes a $330 million cash commitment through a joint venture with Öztürk Holding for Smart Park Development in Clearfield, Pennsylvania. JP3E will receive 50% of sales proceeds upon commencement of drilling, producing, and manufacturing operations. The transaction will be facilitated through JP3E's new trade finance solutions platform developed with Bloxcross, utilizing blockchain technology for efficient global transactions.
JP3E Holdings (OTC: SPZI) has announced a new partnership for sourcing and exporting minerals and precious metals from Africa to global buyers. The company is preparing its first gold shipment to a leading South Korean metals processor as an initial trial. If successful, this will lead to a one-year contract with monthly gold shipments. The partnership leverages Bloxcross' trade finance platform to streamline global transactions and enhance transparency in trade finance. The initiative aims to establish a reliable source of minerals while addressing financial and logistical challenges in the African region.
JP 3E Holdings, Inc. (OTC: SPZI), formerly Spooz, Inc., has announced significant corporate developments aimed at growth and expansion. The company has completed audited financial statements for 2022 and 2023, positioning it to become a fully SEC-reporting entity. Key initiatives include:
1. Steps to uplist to the OTCQB market
2. Filing a Form 10 and initiating 15c2-11 filing
3. Removing the "shell risk" designation
4. Comprehensive rebranding, including name, ticker symbol, and CUSIP number change
JP3E is preparing to release operational updates showcasing its aggressive growth strategy and market expansion efforts. The company focuses on the Eating, Energy, and Education sectors and is committed to transparency and compliance. These strategic steps reflect JP3E's dedication to shareholders and its vision to be a leader in its served markets.
JP 3E Holdings, Inc. (OTC: SPZI) has announced the first shipment of Grade A Chicken Paws to China through its subsidiary, JP Energy Global, PTE, This marks the beginning of a new revenue stream for the company, with the chicken paws sourced from Brazil. The transaction was facilitated by JP 3E's newly launched Trade Finance platform in partnership with Bloxcross, demonstrating the company's innovative approach to global trade.
JP Energy Global is registered with China's General Administration of Customs, ensuring compliance for shipping food products into China. This certification strengthens the company's presence in the Chinese market. The company's leadership sees this as a strategic move that opens up future opportunities in international trade agreements.
The Global Trade Financing Platform, which integrates blockchain and AI technologies, is expected to drive revenue growth for both JP 3E and Bloxcross by increasing efficiency, reducing costs, and improving profit margins.
JP 3E Holdings, Inc. (OTC: SPZI) has completed its second shipment of 1,000 metric tons (MT) of Aluminum Ingot (A7) using the Bloxcross Trade Finance platform. This follows an initial 500MT shipment, bringing the total shipped to 1,500MT. The company is capitalizing on the growing global demand for aluminum. The Bloxcross platform streamlines global trade transactions, making them faster and more efficient. JP 3E anticipates more successful global commodity transactions in the future.
John K. Park, Chairman of JP3E, expressed gratitude for the team's efforts. Diego Baez, CEO of Bloxcross and incoming CEO of JP3E, announced upcoming shipments of other products. The company is leveraging innovative blockchain technology to facilitate seamless global trade.
JP 3E Holdings, Inc. (OTC: SPZI) has announced its first successful shipment of 500 metric tons of Aluminum Ingot (A7) using its new Trade Finance platform in collaboration with Bloxcross. This marks the beginning of a series of monthly shipments, with the first batch scheduled to arrive early next week. The current price of aluminum is approximately $2,528 per metric ton.
This milestone demonstrates JP3E's expanding expertise in commodity trading and establishes a foundation for future opportunities. The company's innovative approach to global trade, enabled by the Trade Finance platform, has resulted in faster closing times and optimized trade financing options. JP3E aims to enhance its presence in the global commodities market through this pivotal contract.
JP 3E Holdings, Inc. (OTC: SPZI) announces the appointment of Diego Baez as its new CEO, marking a new era of growth and innovation. The company, formerly known as Spooz, Inc., is focusing on three key areas: Real Estate Development, Commodity Trading, and Trade Financing and Global Payments. JP3E's collaboration with Bloxcross aims to integrate advanced blockchain and digital finance technologies into their global trade operations.
The new CEO emphasizes the importance of establishing a robust corporate foundation to support ambitious growth plans. He promises to introduce new products and services designed to revolutionize the trade industry and drive sustainable growth. Shareholders can expect regular updates on the company's progress and initiatives aimed at improving financial performance and generating increased returns.
FAQ
What is the current stock price of Spooz (SPZI)?
What is the market cap of Spooz (SPZI)?
What is JP 3E Holdings, Inc. formerly known as?
What are the core values of JP 3E Holdings?
Who are some of JP 3E Holdings' key clients?
What is the strategic focus of JP 3E Holdings?
What strategic acquisitions has JP 3E Holdings made recently?
How does JP 3E Holdings drive growth and expansion?
What sets JP 3E Holdings apart in the industry?
What is the outlook for JP 3E Holdings in the global commodity markets?
How does JP 3E Holdings approach trade processes?
What is the vision of JP 3E Holdings for the future?
