This company is a global leader in commodity trading, known for its innovative approach to optimizing trade processes and solutions across numerous sectors. Now, news of several real estate purchases is sending shares higher.
JP 3E Holdings, Inc. (OTC: SPZI), formerly known as Spooz, Inc., announced in a press release today the addition of the first of several real estate purchases. These purchases fall into the education/real estate platform of JP3E’s three “E” platform strategy of combining education, eating and energy under JP3E.
510 Hamilton Real Estate was acquired through a signed Membership Interest Purchase Agreement with Hamilton Street Associates, LLC. A.F. Lama Realty Services, Inc. appraised it at $37,460,000 with $14,300,000 equity.
Chairman and CEO John Park said, “The acquisition of 510 Hamilton will bring immediate value to JP3E, strengthening our Balance Sheet and Income Statement. A larger real estate acquisition will be announced in the coming days to reflect our commitment to bringing significant value into JP3E. I will also be converting my $100,000 personal loan to common stock at $.02 per share to eliminate such JP3E debt.”
Shares were trading up in heavy trade on Thursday morning.
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