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JP 3E Holdings, Inc. Completes Acquisition of Stake in Bloxcross, Inc.

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)

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.

JP 3E Holdings, Inc. (OTC: SPZI) ha acquisito con successo una partecipazione di maggioranza in Bloxcross, Inc., un'azienda innovativa nel settore degli asset digitali. Questa mossa strategica mira ad accelerare la crescita dei ricavi nei settori dell'Energia, Agricoltura ed Educazione, migliorando al contempo le capacità di JP 3E nelle spedizioni e nei contratti di merci. Diego Baez, CEO di Bloxcross, entrerà nel Consiglio di JP 3E diventando il nuovo CEO, mentre John K. Park rimarrà Presidente. Baez porta con sé una vasta esperienza maturata presso importanti istituzioni tecnologiche e finanziarie. L'acquisizione sfrutta le tecnologie di asset digitali basate su AI di Bloxcross per innovare nei pagamenti globali e finanziamenti commerciali, posizionando JP 3E per una significativa espansione globale nel mercato del finanziamento commerciale da 10,52 trilioni di dollari.

JP 3E Holdings, Inc. (OTC: SPZI) ha adquirido con éxito una participación mayoritaria en Bloxcross, Inc., una empresa de innovación en activos digitales. Este movimiento estratégico tiene como objetivo acelerar el crecimiento de los ingresos en los sectores de Energía, Agricultura y Educación, al mismo tiempo que mejora la capacidad de JP 3E en el envío de mercancías y contratos. Diego Baez, CEO de Bloxcross, se unirá a la Junta de JP 3E y se convertirá en su nuevo CEO, mientras que John K. Park permanecerá como Presidente. Baez aporta una amplia experiencia de instituciones tecnológicas y financieras de primer nivel. La adquisición aprovecha las tecnologías de activos digitales impulsadas por AI de Bloxcross para innovar en pagos globales y financiamiento comercial, posicionando a JP 3E para una expansión global significativa en el mercado de financiamiento comercial de 10,52 billones de dólares.

JP 3E Holdings, Inc. (OTC: SPZI)는 Bloxcross, Inc.대부분 지분을 성공적으로 인수했습니다. 디지털 자산 혁신 회사인 이 전략적 움직임은 에너지, 농업, 교육 분야에서 수익 성장 가속화를 목표로 하며, JP 3E의 상품 배송 및 계약 능력을 향상시키는 데 기여합니다. Diego Baez는 Bloxcross의 CEO로서 JP 3E의 이사회에 합류하게 되며 새 CEO가 됩니다. John K. Park는 여전히 의장을 맡습니다. Baez는 주요 기술 및 금융 기관에서의 폭넓은 경험을 제공합니다. 이 인수는 Bloxcross의 AI 기반 디지털 자산 기술을 활용하여 글로벌 결제 및 무역 금융에서 혁신을 주도하여 JP 3E를 10.52조 달러 규모의 무역 금융 시장에서의 중요한 글로벌 확장을 위한 위치에 놓습니다.

JP 3E Holdings, Inc. (OTC: SPZI) a réussi à acquérir une participation majoritaire dans Bloxcross, Inc., une entreprise d'innovation dans les actifs numériques. Ce mouvement stratégique vise à accélérer la croissance des revenus dans les secteurs de l'Énergie, de l'Agriculture et de l'Éducation, tout en améliorant les capacités de JP 3E en matière d'expédition de marchandises et de contrats. Diego Baez, PDG de Bloxcross, rejoindra le Conseil d'administration de JP 3E et deviendra son nouveau PDG, tandis que John K. Park restera président. Baez apporte une vaste expérience acquise dans des institutions technologiques et financières de premier plan. L'acquisition exploite les technologies d'actifs numériques alimentées par l'IA de Bloxcross pour innover dans les paiements mondiaux et le financement commercial, positionnant JP 3E pour une expansion mondiale significative sur le marché du financement commercial de 10,52 billions de dollars.

JP 3E Holdings, Inc. (OTC: SPZI) hat erfolgreich eine Mehrheitsbeteiligung an Bloxcross, Inc., einem innovativen Unternehmen für digitale Vermögenswerte, erworben. Dieser strategische Schritt zielt darauf ab, das Umsatzwachstum in den Sektoren Energie, Landwirtschaft und Bildung zu beschleunigen, während die Fähigkeiten von JP 3E im Bereich der Warensendungen und -verträge verbessert werden. Diego Baez, CEO von Bloxcross, wird dem Vorstand von JP 3E beitreten und neuer CEO werden, während John K. Park als Vorsitzender bleiben wird. Baez bringt umfangreiche Erfahrungen aus führenden Technologie- und Finanzinstituten mit. Die Übernahme nutzt die von AI betriebenen digitalen Vermögenswerte von Bloxcross, um im Bereich globaler Zahlungen und Handelsfinanzierung zu innovieren und JP 3E für eine bedeutende globale Expansion im Markt für Handelsfinanzierung von 10,52 Billionen Dollar zu positionieren.

Positive
  • Acquisition of majority stake in Bloxcross, Inc., a digital assets innovation company
  • Expected acceleration of revenue growth in Energy, Agriculture, and Education sectors
  • Enhancement of capabilities in commodity shipments and contracts
  • Appointment of experienced executive Diego Baez as new CEO of JP 3E
  • Potential for global expansion in the $10.52 trillion trade finance market
  • Integration of AI-driven digital asset technologies for innovation in global payments and trade finance
Negative
  • None.

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- JP 3E Holdings, Inc. (OTC: SPZI), formerly Spooz, Inc., proudly announces the successful acquisition of a majority ownership stake in Bloxcross, Inc. ("BLOX"). Bloxcross is a trailblazing digital assets innovation company, renowned for its groundbreaking platform that revolutionizes global bilateral trade, cross-border payments, and financial applications through advanced blockchain technologies.

This strategic acquisition positions JP 3E to significantly accelerate revenue growth across key sectors, including Energy, Agriculture, and Education. By integrating Bloxcross's expertise, JP 3E enhances its capabilities in commodity shipments and contracts while expanding its global footprint.

Diego Baez, CEO of Bloxcross, Inc., will join the JP 3E Board of Directors (BOD) and assume the role of CEO of JP 3E, with John K. Park remaining as Chairman.

Mr. Baez brings extensive experience from his tenure at leading technology and financial institutions, having held executive roles at Cloudera-Hortonworks, Goldman Sachs, JPMorgan, Citigroup, Lehman Brothers, and Knight Capital, with significant contributions to algorithm trading, electronic trading, and market data systems.

John K. Park, Chairman and CEO of JP 3E Holdings, commented, "We are thrilled to finalize the majority stake acquisition of Bloxcross, Inc. Diego's leadership and strategic insight have already proven invaluable as we accelerate operational and managerial growth."

Diego Baez, CEO of Bloxcross, Inc., and incoming CEO of JP 3E, stated, "We are excited to propel JP 3E to new heights using our AI-driven digital asset technologies to innovate in global payments and trade finance. This partnership opens significant global expansion opportunities, particularly in global trade."

With the global trade finance market achieving $10.52 trillion in 2023, Bloxcross's innovative solutions solidify JP 3E's pivotal role in the industry. This acquisition, driven by synergies between the companies and the vast global market opportunity, sets the stage for JP 3E's future growth.

About JP3E

JP3E is a global leader in commodity trading, known for its innovative approach to optimizing trade processes and solutions across numerous sectors. With a commitment to sustainability and market leadership, JP3E continues to drive new trends and solutions in global commodity markets.

About Bloxcross

Bloxcross is at the forefront of financial technology, specializing in blockchain-based solutions for cross-border payments and trade finance. Dedicated to streamlining global financial transactions, Bloxcross provides secure, fast, and cost-effective services to clients worldwide. To learn more about their groundbreaking solutions, visit: https://www.blox.global/.

Company Contact:

John K. Park, Chairman and CEO
john.park@jp3eholdings.com
732-241-0598 Office
Websites: https://www.jp3e.com/
https://www.jp3eholdings.com/
Twitter: http://www.twitter.com/SpoozInc
Facebook: http://www.Facebook.com/SpoozInc
E-Mail:  info@jp3e.com


FAQ

What is the significance of JP 3E Holdings (SPZI) acquiring Bloxcross?

The acquisition allows JP 3E to accelerate revenue growth in key sectors, enhance capabilities in commodity trading, and expand globally using Bloxcross's AI-driven digital asset technologies for innovation in global payments and trade finance.

Who is the new CEO of JP 3E Holdings (SPZI) following the Bloxcross acquisition?

Diego Baez, the CEO of Bloxcross, Inc., will become the new CEO of JP 3E Holdings while also joining the company's Board of Directors. John K. Park will remain as Chairman.

How does the Bloxcross acquisition impact JP 3E Holdings' (SPZI) market position?

The acquisition positions JP 3E to play a pivotal role in the $10.52 trillion global trade finance market, leveraging Bloxcross's innovative blockchain-based solutions for cross-border payments and trade finance.

What sectors does JP 3E Holdings (SPZI) expect to see revenue growth in after acquiring Bloxcross?

JP 3E Holdings expects to accelerate revenue growth across key sectors including Energy, Agriculture, and Education following the acquisition of Bloxcross.

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