Power Engineering Corporation (PEC), a subsidiary of JP 3E Holdings, Inc. (OTC: SPZI), Announces Joint Venture with Bloxcross

CLEARWATER, FL, May 22, 2024 — PRISM MediaWire - Power Engineering Corporation (PEC), a subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC: SPZI) announces a joint venture with Bloxcross (BLOX) to expand business operations in the Middle East and North Africa (MENA) region. This venture will focus on the Oil and Gas, Healthcare, Construction, and Commodities sectors.

The initial transaction will begin with PEC’s dedicated Oil and Gas vertical. Blox will finance its current trading activities. This Memorandum of Agreement (MOA) outlines the steps to implement the Trade Financing Platform for PEC’s global trade deals. PEC will direct trade transactions through its subsidiaries and partners to Blox for funding and payment processing. In return, Blox will provide substantial financing and funding partners to support the deals, along with the global digital infrastructure necessary for secure and efficient transactions.

Blox delivers a customized, comprehensive solution for PEC Holdings, Inc. This solution will enable PEC to create vendor accounts, fund them, send payments on behalf of their customers anywhere in the world, and produce proof of delivery, activity reports, and profit and loss statements. 

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.

John K. Park, Chairman, and CEO

Phone (Office): 732-241-0598

Websites: https://www.jp3e.com/

Email: info@jp3e.com

SOURCE: Spooz, Inc.