JP Energy Global, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz Inc., has successfully closed nine fully executed commodity contracts valued at $303 million for chicken paws
CLEARWATER, Fla., Jan. 05, 2024 (GLOBE NEWSWIRE) — JP Energy Global, PTE, LTD, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC: SPZI), is pleased to announce the execution of nine commodity contracts totaling $303,029,100 for Grade A Chicken Paws. The nine commodity contracts are the cumulative total that includes the previous commodity announced in December 2023.
JP Energy Global commands approximately an 18% gross profit margin while minimizing risk since there is no currency risk – all transactions are in US dollars. JP Energy Global does not act as a broker; its business model is to buy and to sell these select commodities acting as a principle, thus allowing for higher profit margins.
As previously announced, a Documentary Letter of Credit (DLC) and performance bond was granted to JP 3E Holdings, Inc., thus enabling unique contracts through KEB Hana Bank Singapore (KEB HBS). With its dedicated trade team, KEB HBS has the unique capacity to facilitate these transactions worldwide and can facilitate transactions with China. The performance bond, coupled with the documentary letter of credit, facilitates the payment to JP Energy Global, PTE, LTD. In this case, the product, Grade A Chicken Paws, can be acquired by JP Energy Global from Brazil and then sold to China, as set forth above. The primary port used is the YANTIAN PORT ( SHENZHEN ) – CHINA.
JP Energy Global, PTE, LTD is registered with the Overseas Exporters of Imported Foods with the General Administration of China Customs. Our registration number is 70223000258 and is permitted for all food categories. This is what authorizes the company to ship goods to China. https://www.gacc.app/
“Investors are witnessing a fast-track growth program and timely execution of our business plan,” stated John K. Park, Chairman of Spooz, Inc., being renamed “JP 3E Holdings, Inc.”
For real estate and LNG development, we are facilitating an alternative funding source and mechanism under the EB-5 program. Investors can expect major EB-5 and significant LNG announcements in the near future.
About Spooz, Inc. (SPZI) now JP 3E Holdings, Inc.
Operating companies to supply the world with the vital needs of Eating, Energy, and Education (3E) which are essential needs for our everyday living and quality of life.
SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange — including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will” and other similar expressions — are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company’s control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company’s revenues, financial condition or stock price.
Company Contact:
John K. Park, Chairman
Office: 727 216 6765
Websites: https://www.jp3e.com/
Twitter: http://www.twitter.com/SpoozInc
Facebook: http://www.Facebook.com/SpoozInc
Email: info@Spooz.com
