Spooz Goes Green! Spooz management has long debated whether revenues generated from the development and distribution of existing technologies can be enhanced by their application to other potential, unrelated revenue sources, or that developed technology should be relied upon alone as a means to a profitable end. We believe that strategic technological applications provide the Company with increased diversification as well as dramatically increasing the scope for potential revenues.
The Company's new business model will capture two additional significant and sustainable revenue streams: 1) The issuance and acquisition of carbon offset credits and sales of those credits into the cash and futures markets, and 2) the establishment or acquisition of a forestry management services company(s) maintaining forests of 5,000 - 200,000 acres or more. In order to take advantage of these revenue streams Spooz will actively participate in the green energy sector.
"We are very excited about the expansion to our business model as it enables us all to participate in worthwhile and socially beneficial projects. Few endeavors are more critically important than saving our planet's forests from irresponsible clear cutting and mismanagement and contributes to the positive climate related consequences," stated Paul Strickland, Spooz's CEO. "In addition, we have greatly enhanced the scope for significant revenues and profitability for our Company."
The global green energy market for carbon offset credits is growing rapidly. Fortune states, "The global carbon capture and sequestration market size was valued at $1.75 Billion in 2019 & is projected to reach $6.13 Billion by 2027, at a CAGR (Compounded Annual Growth Rate) of 19.2% (for the) forecast period."
Competitors range from small forestry asset holders with a minimum of 2,000 acres to cooperatives comprised of groups of these same small forestry owners. Larger competitors/cash customers include, as an example, the oil companies that typically bundle carbon offset credits as coupons with fuel in order to sell carbon neutral jet fuel to the airlines.
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