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Sparta Commercial Services, Inc. Reports Great Results with Early EZBroker360 Adopters in its Agoge Subsidiary

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Sparta Commercial Services, Inc. (OTC PINK:SRCO) reports strong initial success for its subsidiary Agoge Global USA, Inc.'s EZBroker360 platform since its launch on July 31, 2024. The platform, developed in partnership with WeDev Group Ltda., has seen a notable increase in client transactions. Key highlights include:

- Positive market adoption and growing client interest
- Successful implementation across various trading organizations
- Comprehensive suite of services improving efficiency and reducing costs for Brazilian importers and exporters
- Several transactions nearing completion of a 'full loan cycle'
- Plans to onboard additional clients as bandwidth grows

The company aims to capitalize on this momentum by introducing new products and services to drive growth in the expanding import/export market.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) riporta un forte successo iniziale per la sua sussidiaria Agoge Global USA, Inc. e la piattaforma EZBroker360 dal suo lancio, avvenuto il 31 luglio 2024. La piattaforma, sviluppata in collaborazione con WeDev Group Ltda., ha registrato un notevole aumento delle transazioni da parte dei clienti. I punti salienti includono:

- Adozione positiva nel mercato e crescente interesse da parte dei clienti
- Implementazione efficace in varie organizzazioni di trading
- Suite di servizi completa che migliora l'efficienza e riduce i costi per gli importatori ed esportatori brasiliani
- Diverse transazioni che si avvicinano al completamento di un 'intero ciclo di prestito'
- Piani per acquisire ulteriori clienti man mano che aumenta la capacità operativa

L'azienda punta a capitalizzare su questo slancio introducendo nuovi prodotti e servizi per stimolare la crescita nel mercato in espansione dell'import/export.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) informa sobre un sólido éxito inicial para su subsidiaria Agoge Global USA, Inc. y la plataforma EZBroker360 desde su lanzamiento el 31 de julio de 2024. La plataforma, desarrollada en colaboración con WeDev Group Ltda., ha visto un notable aumento en las transacciones de clientes. Los aspectos destacados incluyen:

- Adopción positiva en el mercado y creciente interés de los clientes
- Implementación exitosa en varias organizaciones de comercio
- Conjunto completo de servicios que mejora la eficiencia y reduce costos para importadores y exportadores brasileños
- Varias transacciones acercándose a la finalización de un 'ciclo de préstamo completo'
- Planes para incorporar más clientes a medida que crece la capacidad operativa

La compañía tiene como objetivo aprovechar este impulso introduciendo nuevos productos y servicios para impulsar el crecimiento en el mercado de importación/exportación en expansión.

스파르타 상업 서비스, 주식회사 (OTC PINK:SRCO)는 2024년 7월 31일에 출시된 자회사 아고게 글로벌 USA, Inc.의 EZBroker360 플랫폼이 초기 성공을 거두었다고 보고했습니다. 이 플랫폼은 WeDev Group Ltda.와의 협력으로 개발되었으며, 고객 거래에서 눈에 띄는 증가를 보였습니다. 주요 하이라이트는 다음과 같습니다:

- 긍정적인 시장 채택과 증가하는 고객 관심
- 여러 거래 조직에서의 성공적인 구현
- 브라질 수입업자와 수출업자를 위한 효율성을 개선하고 비용을 절감하는 포괄적인 서비스 제공
- '전체 대출 주기' 완료에 가까운 여러 거래
- 용량이 증가함에 따라 추가 고객을 유치할 계획

회사는 성장하는 수출입 시장에서 성장을 촉진하기 위해 새로운 제품과 서비스를 도입하여 이 모멘텀을 활용하는 것을 목표로 합니다.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) fait état d'un fort succès initial pour sa filiale Agoge Global USA, Inc. et sa plateforme EZBroker360 depuis son lancement le 31 juillet 2024. La plateforme, développée en partenariat avec WeDev Group Ltda., a connu une augmentation notable des transactions clients. Les faits saillants incluent:

- Adoption positive sur le marché et intérêt croissant des clients
- Mise en œuvre réussie dans diverses organisations commerciales
- Suite complète de services améliorant l'efficacité et réduisant les coûts pour les importateurs et exportateurs brésiliens
- Plusieurs transactions proches de l'achèvement d'un 'cycle de prêt complet'
- Plans d'intégration de clients supplémentaires à mesure que la capacité augmente

L'entreprise vise à capitaliser sur cet élan en introduisant de nouveaux produits et services pour stimuler la croissance dans le marché en expansion de l'import/export.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) berichtet von einem starken anfänglichen Erfolg seiner Tochtergesellschaft Agoge Global USA, Inc. und der EZBroker360-Plattform seit ihrer Einführung am 31. Juli 2024. Die Plattform, die in Zusammenarbeit mit der WeDev Group Ltda. entwickelt wurde, hat einen bemerkenswerten Anstieg der Kundentransaktionen verzeichnet. Wichtige Highlights sind:

- Positive Marktnutzung und steigendes Kundeninteresse
- Erfolgreiche Implementierung in verschiedenen Handelsorganisationen
- Umfassendes Dienstleistungsangebot zur Steigerung der Effizienz und Senkung der Kosten für brasilianische Importeure und Exporteure
- Mehrere Transaktionen, die kurz vor dem Abschluss eines 'vollen Kreditzyklus' stehen
- Pläne zur Akquise weiterer Kunden, während die Kapazität zunimmt

Das Unternehmen strebt an, diesen Schwung zu nutzen, indem es neue Produkte und Dienstleistungen einführt, um das Wachstum im sich ausdehnenden Import-/Exportmarkt voranzutreiben.

Positive
  • Notable increase in client transactions processed on EZBroker360 platform since launch
  • Strong market adoption and growing backlog of prospects
  • Successful implementation across various trading organizations
  • Several transactions nearing completion of a 'full loan cycle'
  • Plans to onboard additional clients as bandwidth grows
  • Positive client feedback and referrals
Negative
  • None.

Initial Success Accelerating Overall Market Interest

NEW YORK, NY / ACCESSWIRE / October 8, 2024 / Sparta Commercial Services, Inc. ("Sparta" or "Company") (OTC PINK:SRCO) is excited to announce that its subsidiary, Agoge Global USA, Inc. ("Agoge") and its joint venture partner, WeDev Group Ltda., experienced a notable increase in the number of client transactions processed on its EZBroker360 platform since its July 31, 2024 quarter end launch.

"We are thrilled to see strong market adoption almost immediately after the launch of our platform," said Anthony Havens, CEO of Sparta. "Our team continues to work diligently to disrupt an untapped sector of the import/export industry, and the positive response from our clients is a testament to our efforts. This has led to requests from current clients to expand their relationship and a growing backlog of prospects queuing up to get on the platform."

Our platform combines a Merchant of Record model with a comprehensive suite of services that simultaneously improves the efficiency, reduces the cost, and increases the speed of the financial management process for Brazilian importers and exporters. Introduced just a few short months ago, our platform has been successfully implemented at a number of trading organizations for a range of services, including the seamless integration of invoice management, bill of lading processing, and import/export declarations, along with a robust staged financing module. In fact, several transactions are on the precipice of completing a ‘full loan cycle,' where clients will have received and repaid critical import/export costs funded through our platform. Having proven commercial success with these initial implementations, the Company will now begin onboarding additional clients as our bandwidth grows.

Mr. Havens continued, "We remain committed to innovating and expanding our services to meet the evolving needs of our customers. Agoge enables our clients to replace individual supplier payments, freightage, and all associated tax and customs clearance costs, with one centralized entity that simplifies the entire process. Our current clients are referring new clients, and some large organizations that are similarly looking to consolidate their import/export relationships are now showing a strong interest."

"The rapid adoption by key players in the Brazilian import/export market has exceeded our expectations. We are witnessing significant transaction growth, and the feedback from our early clients has been very positive," said Eduardo Ribeiro, WeDev Group CEO. "This solution is already delivering tangible value to both Brazilian and international entities, and we are excited to continue scaling to meet the increasing demand."

Agoge plans to capitalize on this momentum by introducing new products and services that leverage its first-mover advantage to drive additional growth in this very large and rapidly expanding market to create value for shareholders.

For more information about Agoge Global USA, Inc. and its offerings, please visit https://agogeglobalusa.com.

About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (www.spartacommercial.com) was founded in 2004 and is the parent company of three subsidiaries in addition to Agoge Global USA, Inc.: iMobile Solutions, Inc., New World Health Brands, Inc., and Sparta Crypto, Inc., offering a variety of products and services.

About Agoge Global USA, Inc.
A subsidiary of Sparta Commercial Services, Inc., Agoge Global USA, Inc. is a provider of finance, facilitation, and communications, within the import/export sector. With a focus on underserved markets, innovation, and customer satisfaction, Agoge strives to deliver exceptional value for its clients. For more information, visit https://agogeglobalusa.com.

About WeDev Group Ltda.
WeDev Group Ltda. is a Brazilian innovator focused on the disruption of traditional standards by fostering innovation and growth through new business models capable of transforming the way the world works.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, competition, financing and commercial agreements and strategic alliances, seasonality, possible fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov.

Company Contact:
Sandra L. Ahman
Corporate Secretary
Sparta Commercial Services, Inc.
sandy@spartacommercial.com

SOURCE: Sparta Commercial Services, Inc.



View the original press release on accesswire.com

FAQ

What is the stock symbol for Sparta Commercial Services, Inc.?

The stock symbol for Sparta Commercial Services, Inc. is SRCO, traded on the OTC PINK market.

When was the EZBroker360 platform launched by Sparta Commercial Services (SRCO)?

The EZBroker360 platform was launched by Sparta Commercial Services (SRCO) on July 31, 2024.

What services does the EZBroker360 platform offer to Brazilian importers and exporters?

The EZBroker360 platform offers a comprehensive suite of services including invoice management, bill of lading processing, import/export declarations, and a robust staged financing module for Brazilian importers and exporters.

Who is Sparta Commercial Services' (SRCO) joint venture partner for the EZBroker360 platform?

Sparta Commercial Services' (SRCO) joint venture partner for the EZBroker360 platform is WeDev Group Ltda.

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