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Sparta Commercial Unveils EZBroker360 at 2024 Startup Summit Hosted by Wedev Group in Brazil

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Sparta Commercial Services, Inc. (OTC PINK:SRCO) launched EZBroker360, operated by its subsidiary Agoge Global USA, at the 2024 Startup Summit in Florianópolis, Brazil. The event, hosted by Sparta's joint-venture partner Wedev Group Ltda., attracted over 10,000 participants. EZBroker360 aims to revolutionize financial management for Brazilian importers and exporters by combining a Merchant of Record model with comprehensive services, including invoice management, bill of lading, import/export declarations, and staged financing.

The product offers extended payment terms up to 120 days and covers supplier payments, freightage, and associated costs. Already successfully launched with several companies, EZBroker360 is gaining traction rapidly, with a growing waiting list of interested customers. The launch highlights Sparta's expansion into the Brazilian market and its partnership with Wedev Group to foster innovation in global business growth.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) ha lanciato EZBroker360, gestito dalla sua controllata Agoge Global USA, durante il 2024 Startup Summit a Florianópolis, Brasile. L'evento, ospitato dal partner di joint venture di Sparta, Wedev Group Ltda., ha attratto oltre 10.000 partecipanti. EZBroker360 punta a rivoluzionare la gestione finanziaria per gli importatori ed esportatori brasiliani, combinando un modello di Merchant of Record con servizi completi, tra cui gestione delle fatture, polizze di carico, dichiarazioni doganali e finanziamenti a tappe.

Il prodotto offre termini di pagamento estesi fino a 120 giorni e copre pagamenti ai fornitori, spese di trasporto e costi associati. Già lanciato con successo con diverse aziende, EZBroker360 sta guadagnando rapidamente terreno, con una crescente lista di attesa di clienti interessati. Il lancio sottolinea l'espansione di Sparta nel mercato brasiliano e la sua partnership con Wedev Group per promuovere l'innovazione nella crescita del business globale.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) lanzó EZBroker360, operado por su filial Agoge Global USA, en la Cumbre de Nuevas Empresas 2024 en Florianópolis, Brasil. El evento, organizado por el socio de joint venture de Sparta, Wedev Group Ltda., atrajo a más de 10.000 participantes. EZBroker360 tiene como objetivo revolucionar la gestión financiera para importadores y exportadores brasileños al combinar un modelo de Merchant of Record con servicios integrales, incluyendo gestión de facturas, conocimientos de embarque, declaraciones de importación/exportación y financiación por etapas.

El producto ofrece plazos de pago ampliados de hasta 120 días y cubre pagos a proveedores, fletes y costos asociados. Ya se ha lanzado con éxito con varias empresas, EZBroker360 está ganando impulso rápidamente, con una creciente lista de espera de clientes interesados. El lanzamiento destaca la expansión de Sparta en el mercado brasileño y su asociación con Wedev Group para fomentar la innovación en el crecimiento empresarial global.

스파르타 상업 서비스 주식회사 (OTC PINK:SRCO)가 브라질 플로리아노폴리스에서 열린 2024 스타트업 서밋에서 자회사인 아고게 글로벌 USA가 운영하는 EZBroker360를 출시했습니다. 스파르타의 조인트 벤처 파트너인 웨데브 그룹 리미타드는 10,000명이 넘는 참가자를 초대했습니다. EZBroker360는 상표 기록 모델과 포괄적인 서비스(송장 관리, 선하 증권, 수출입 신고 및 분할 자금 조달 포함)를 결합하여 브라질의 수입업체와 수출업체를 위한 재무 관리를 혁신하는 것을 목표로 합니다.

이 제품은 최대 120일의 연장된 지급 조건을 제공하며 공급업체 지불, 운송비 및 관련 비용을 포함합니다. 여러 기업과 성공적으로 출시된 EZBroker360는 관심 있는 고객의 증가하는 대기 리스트와 함께 빠르게 인기를 얻고 있습니다. 이번 출시는 스파르타의 브라질 시장 확장과 글로벌 비즈니스 성장을 위한 혁신을 촉진하기 위한 Wedev Group과의 파트너십을 강조합니다.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) a lancé EZBroker360, opéré par sa filiale Agoge Global USA, lors du sommet des startups 2024 à Florianópolis, au Brésil. L'événement, organisé par le partenaire de coentreprise de Sparta, Wedev Group Ltda., a attiré plus de 10 000 participants. EZBroker360 vise à révolutionner la gestion financière pour les importateurs et exportateurs brésiliens en combinant un modèle de Merchant of Record avec des services complets, y compris la gestion des factures, les connaissements, les déclarations d'importation/exportation et le financement échelonné.

Ce produit offre des conditions de paiement prolongées allant jusqu'à 120 jours et couvre les paiements aux fournisseurs, les frais de transport et les coûts associés. Déjà lancé avec succès auprès de plusieurs entreprises, EZBroker360 gagne rapidement en popularité, avec une liste d'attente croissante de clients intéressés. Le lancement souligne l'expansion de Sparta sur le marché brésilien et son partenariat avec le Wedev Group pour encourager l'innovation dans la croissance commerciale mondiale.

Sparta Commercial Services, Inc. (OTC PINK:SRCO) hat EZBroker360 ins Leben gerufen, das von seiner Tochtergesellschaft Agoge Global USA betrieben wird, auf dem Startup Summit 2024 in Florianópolis, Brasilien. Die Veranstaltung, die von Spartas Joint-Venture-Partner Wedev Group Ltda. ausgerichtet wurde, zog über 10.000 Teilnehmer an. EZBroker360 zielt darauf ab, das Finanzmanagement für brasilianische Importeure und Exporteure zu revolutionieren, indem ein Merchant of Record-Modell mit umfassenden Dienstleistungen kombiniert wird, darunter Rechnungsmanagement, Frachtbriefe, Import-/Export-Anmeldungen und gestufte Finanzierung.

Das Produkt bietet verlängerte Zahlungsfristen von bis zu 120 Tagen und deckt Zahlungen an Lieferanten, Frachtkosten und damit verbundene Kosten ab. Nachdem es bereits erfolgreich mit mehreren Unternehmen gestartet wurde, gewinnt EZBroker360 schnell an Bedeutung, mit einer wachsenden Warteliste interessierter Kunden. Der Start hebt Spartas Expansion in den brasilianischen Markt und die Partnerschaft mit der Wedev Group hervor, um Innovation im globalen Geschäftswachstum zu fördern.

Positive
  • Launch of innovative product EZBroker360 in the Brazilian market
  • Successful implementation with initial companies
  • Growing waiting list of interested customers
  • Extended payment terms of up to 120 days for Brazilian entities
  • Partnership with Wedev Group for market expansion
Negative
  • None.

Sparta Commercial made waves at the 2024 Startup Summit in Florianópolis, Brazil, with the official launch of its groundbreaking product, EZBroker360, operated by Agoge Global USA

NEW YORK, NY / ACCESSWIRE / August 27, 2024 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "The Company") announced the official launch of its groundbreaking product, EZBroker360, operated by the Company's subsidiary, Agoge Global USA. The event, hosted by Sparta's joint-venture partner, Wedev Group Ltda., in the heart of Brazil's "Silicon Valley," provided the perfect stage for Sparta to introduce this innovative solution to a diverse audience of startups, investors, and industry leaders.

EZBroker360 is designed to revolutionize the financial management of Brazilian importers and exporters by combining a Merchant of Record model with a comprehensive suite of services. This includes seamless integration of invoice management, bill of lading, and import/export declarations, along with a robust staged financing module. Tony Havens, CEO of Agoge Global USA, expressed his enthusiasm: "We're thrilled with how quickly EZBroker360 is gaining traction. The value it brings to importers and exporters in Brazil is undeniable, and we're excited to see the impact it will continue to have in the market."

The product has already been successfully launched with a few companies that are leveraging this infrastructure to enter the Brazilian market. By covering supplier payments, freightage, and all associated tax and customs clearance costs, EZBroker360 provides Brazilian entities with a more predictable cash flow, allowing them to sell products on extended terms of up to 120 days.

Wedev Group, as the event host, played a crucial role in facilitating discussions and demonstrations of EZBroker360. Eduardo Ribeiro Filho, Founder of Wedev Group, commented on the product's success: "We are incredibly excited about the rapid adoption of EZBroker360. The waiting list of interested customers continues to grow, which speaks volumes about the value we're delivering to both Brazilian and international entities."

The 2024 Startup Summit, held in Florianópolis, attracted more than 10,000 participants, 200 speakers, and 1,000 startups, solidifying the city's reputation as a key hub for technology and innovation in Brazil. As both sponsor and host, Wedev Group's involvement underscored its commitment to fostering innovation and supporting the development of new solutions like Agoge's EZBroker360 that drive global business growth.

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., and New World Health Brands, Inc., offering a variety of products and services.

Agoge Global USA, Inc., the newly formed subsidiary of Sparta Commercial Services, Inc. through its Brazilian partnership with Wedev Group Ltda., facilitates the cross-border payments for the Brazilian import/export business.

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 EZBroker360 and how does it benefit Brazilian importers and exporters?

EZBroker360 is a financial management solution launched by Sparta Commercial (SRCO) that combines a Merchant of Record model with comprehensive services for Brazilian importers and exporters. It offers invoice management, bill of lading, import/export declarations, and staged financing, providing extended payment terms up to 120 days and covering various costs to improve cash flow predictability.

When and where was EZBroker360 officially launched by Sparta Commercial (SRCO)?

EZBroker360 was officially launched by Sparta Commercial (SRCO) at the 2024 Startup Summit held in Florianópolis, Brazil, which attracted over 10,000 participants, 200 speakers, and 1,000 startups.

Who are the key partners involved in the development and launch of EZBroker360?

The key partners involved in the development and launch of EZBroker360 are Sparta Commercial Services, Inc. (SRCO), its subsidiary Agoge Global USA, and Wedev Group Ltda., Sparta's joint-venture partner in Brazil.

What is the current market response to EZBroker360 according to Sparta Commercial (SRCO)?

According to Sparta Commercial (SRCO), EZBroker360 is gaining traction rapidly, with a growing waiting list of interested customers. It has already been successfully launched with several companies leveraging its infrastructure to enter the Brazilian market.

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