Spooz, Inc. (OTC: SPZI) has been on fire lately, soaring an incredible 7800% from its low of $0.0001 per share in December. The company has seen rapid developments following its acquisition of crucial JP Energy assets, which has now put John K. Park squarely at the helm. With this newly formed entity barely a month old, it’s managed to stay relatively unnoticed, flying under the radar with few investors aware of its existence. You may be wondering if it’s still a good opportunity after a staggering 7800% gain. Join us as we uncover the significant highlights of SPZI’s acquisition and delve into their exciting plans in 2024.
Background:
SPZI operates various 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.
It all began on December 8th, 2022, when SPZI announced an agreement with John K. Park, stating that the company would take over his opportunities. Initially, Mr. Park was to be listed as Chairman with an expected transition to CEO and full control of the company within 30 days.
Their December 20th release offers a clearer glimpse of what’s ahead, and it’s genuinely thrilling, laying the groundwork for SPZI and building excitement around several crucial milestones.
Acquisitions:
The release emphasizes the finalized acquisition of key JP Energy assets, marking Park’s assumption of control within SPZI. While there are more assets yet to be disclosed, the initial companies included in the acquisitions are JP Energy Group, Inc. (New Jersey Corporation) and JP Energy Global PTE, LTD (Singapore Corporation), now operating as wholly owned subsidiaries of Spooz, Inc.
JP Energy Group will continue securing and trading contracts in sugar, chicken paws, and other poultry parts, with plans to expand into beef, soybean, and other commodities. JP Energy Global focuses on global Liquefied Natural Gas (LNG), with future acquisitions in their Education vertical expected later.
Name Change:
One of their immediate changes is renaming the company to JP 3E Holdings, Inc., aligning with John’s vision to cater to the essential needs of Eating, Energy, and Education (3E) for our daily lives and overall quality of life.
“This milestone sets the company up for unprecedented growth. With our global contacts and robust funding, we’re uniquely positioned to engage in buying and selling targeted products across various industries,” said Park.
OTCQB Up-list:
Adding to this, there’s an OTCQB up-list in the works as SPZI moves to engage a PCAOB auditor, with no plans for a reverse split. They’ve also clarified that there are no convertible notes or intentions to establish them, eliminating the need for additional financing.
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Management:
As we explore John Park‘s new venture, SPZI, it’s essential to shed light on his background and business acumen. In any company, big or small, the team steering the ship is a critical aspect worth exploring. For all intents and purposes, this section will focus on Park’s biography.
Positions:
Park holds various prominent roles across diverse industries, showcasing an extensive and dynamic professional journey. He functions as the general partner of JP Energy Partners LLC and holds a partnership position at EPICESG. Furthermore, he contributes as a financing partner at Recon Services LLC and is the founder and proprietor of Honors Review Princeton LLC and KGB Global LLC. Lastly, he also maintains a partnership role with PiEco LLC.
The Beginning:
Park’s journey began at the Hyundai Group’s Research institution as an economic analyst before pursuing an MBA at Rutgers University. Following this, he ventured into Wall Street, where he managed hedging positions for US futures and securities markets.
In 2003, he delved into entrepreneurship, founding California-based technology company Ximeta, Inc., securing over $15M in venture capital and effectively leveraging the company’s patent portfolio. Afterwards he co-founded IOCELL networks in 2008 and successfully steered the company to profitability by 2010.
This led to a transitioning to the education sector, where John managed the Honors Review, an elite consulting and education preparation business. His company has aided numerous students in achieving academic milestones and gaining admission to prestigious US institutions. As an advisor, he assists international families, students, and children aspiring to study in the US, offering support in areas like education, home buying, legal and accounting services, and social and geographical familiarization.
Interesting Projects:
Simultaneously, John ventured into real estate, developing student-housing and multi-family complexes in various New Jersey markets. His expertise spans diverse fields, making him a valuable resource for clients seeking his services.
Over the past seven years, Park successfully finished three student housing development projects. He’s currently working on two more developments valued at 70 million dollars, which are in progress through a 36 million dollar c-loan. In August 2023, John initiated a 100 million dollar REIT project to construct 450 student apartments at Rutgers University. Additionally, he’s spearheading the capitalization for the construction of 54 beds in Kokomo, Indiana, expected to be valued at 6.8 million dollars upon completion.
More Ventures:
From 2018 onwards, John founded KBG Global LLC, which operates Korean-style fast-food franchises, establishing six franchises in New Jersey and one in Bonn, Germany. He also partnered with PiEco LLC, focusing on clean energy solutions that convert plastics into energy. His involvement extends to leading energy projects in Korea, Vietnam, and the Middle East.
Furthering his engagement in the energy sector, John established JP Energy Partners LLC with a capital equity of $1.2M, involved in power plant businesses in Korea, Germany, and Chile. His multifaceted experiences and ventures reflect a breadth of knowledge and insight across various industries.
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What Happened:
By now, you’re likely impressed by Park’s background, but his true expertise and extensive experience becomes evident with the following SPZI releases.
These announcements unveil nine high-value commodity contracts, driving the company into uncharted territories, with over US$300,000,000 worth of Grade A chicken paws being sold.
SPZI’s valuation at close on January 5th, 2023 was under 40M, and they just closed over $US300M in commodity contracts….
Quick Overview of The Release:
JP Energy Global, a subsidiary of JP 3E Holdings, Inc. (formerly Spooz, Inc. – OTC: SPZI), recently closed nine contracts valued at $303,029,100 for Grade A Chicken Paws. These contracts include previous commodity deals announced in December 2023.
With an approximate 18% gross profit margin and transactions solely in US dollars, JP Energy Global operates as a principal buyer and seller, ensuring higher profit margins compared to brokering.
Facilitated by a Documentary Letter of Credit (DLC) and a performance bond via KEB Hana Bank Singapore (KEB HBS), these contracts enable JP Energy Global to acquire Grade A Chicken Paws from Brazil and distribute them to China via Yantian Port (Shenzhen) – China.
The company, registered with the General Administration of China Customs as an Overseas Exporter of Imported Foods, holds registration number 70223000258, authorizing shipments to China.
Park kept his statements quick and to the point, “Investors are witnessing a fast-track growth program and timely execution of our business plan”.
On top of this, JP Energy Global is exploring alternative funding avenues, particularly under the EB-5 program, for real estate and LNG development. Expect significant announcements in these domains soon.”
EB-5 Program:
The EB-5 Immigrant Investor Program is very interesting. It was an initiative created by the United States Congress in 1990.
It offers a pathway for foreign investors to obtain a green card (permanent residency) by making a qualifying investment in a commercial enterprise in the United States. The program requires investors to meet certain eligibility criteria and invest a specified amount of capital in a new or existing U.S. business that creates or preserves a certain number of jobs for American workers.
Typically, the required minimum investment is $1 million, but in certain targeted employment areas with high unemployment rates or rural areas, the minimum investment is reduced to $500,000. If the investment fulfills the program’s requirements, including job creation, the investor and their immediate family may obtain lawful permanent resident status in the United States.
Conclusion:
With an astounding 7800% gain within weeks, one might assume there’s little to no room for continued growth and a period of healthy consolidation. But consider this: Park managed to swiftly execute over US$300 million in commodity contracts in under a month, and that’s just one vertical of the business.
In the wake of this remarkable journey, Park’s achievements underscore the potential for further surprises ahead. If this pace continues, SPZI’s trajectory could be beyond anyone’s anticipation. As SPZI teases forthcoming catalysts and gains momentum, the under the radar status might soon become a thing of the past.
We will update you on SPZI when more details emerge, subscribe to Microcapdaily to follow along!
Picture by stevepb from Pixabay
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August 31, 2021 at 9:45 pm
Awesome article.