SPZI: JP3E Announces First Aluminum Ingot Shipment Using Trade Finance Platform with Bloxcross

Rhea-AI Summary

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.

Positive

• Successfully shipped 500 metric tons of Aluminum Ingot (A7)
• Initiated a series of monthly shipments, indicating ongoing business
• Launched a new Trade Finance platform in collaboration with Bloxcross
• Achieved faster closing times and optimized trade financing options
• Expanding presence in the global commodities market

Negative

• None.

NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- JP 3E Holdings, Inc. (OTC: SPZI), formerly Spooz, Inc., is excited to announce a key milestone with the successful first shipment of Aluminum Ingot (A7). This contract marks the beginning of a series of monthly shipments, with the first 500 metric tons (MT) already en route, scheduled to arrive early next week.

Globally, the demand for aluminum continues to grow, especially with the rising adoption of electric vehicles and the shift toward greener manufacturing practices. As of mid-September 2024, the price of aluminum stands at approximately $2,528 per metric ton​.

This inaugural transaction, negotiated and funded through our newly launched Trade Finance platform in collaboration with Bloxcross, highlights the success of our innovative approach to global trade, enabling faster and more efficient outcomes.

John K. Park, Chairman of JP3E, highlighted the importance of this achievement, stating, “This milestone demonstrates our expanding expertise in the commodity trading sector and establishes a solid foundation for future opportunities.”

Diego Baez, CEO of Bloxcross and the incoming CEO of JP3E, added, “Our approach to innovation in global trade has exceeded expectations. The Trade Finance platform has enabled us to achieve faster closing times and optimized trade financing options. We look forward to continued growth and many more successful global trade transactions.”

This contract represents a pivotal moment for JP3E as the company continues to enhance its presence in the global commodities market.

To receive information on JP3E, sign up for email news alerts at https://www.jp3e.com/subscription.

For additional information on the Global Trade Financing Platform via Bloxcross, Inc., reach out to sgallegos@bloxcross.com.

About JP 3E Holdings, Inc.

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, Inc.

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
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

Safe Harbor Notice

Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). The Companies caution that statements, and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates made by management. Actual results could differ materially from current projections or implied results. The Companies undertake no obligation to revise these statements following the date of this news release.

FAQ

What is the significance of JP3E's first Aluminum Ingot shipment for SPZI stock?

The first Aluminum Ingot shipment marks a key milestone for JP3E Holdings (SPZI), demonstrating the company's expanding expertise in commodity trading and establishing a foundation for future opportunities in the global commodities market. This could potentially impact the SPZI stock positively by showing the company's growth and operational success.

How much Aluminum Ingot did JP3E (SPZI) ship in their first transaction?

JP3E Holdings (SPZI) shipped 500 metric tons of Aluminum Ingot (A7) in their first transaction using the new Trade Finance platform.

What is the current price of aluminum as mentioned in the SPZI press release?

According to the press release, as of mid-September 2024, the price of aluminum stands at approximately $2,528 per metric ton.

How has the Trade Finance platform impacted JP3E's (SPZI) operations?

The Trade Finance platform, developed in collaboration with Bloxcross, has enabled JP3E (SPZI) to achieve faster closing times and optimize trade financing options, improving the efficiency of their global trade operations.