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.