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News & Events
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Displaying items by tag: Business
Monday, 19 December 2022 08:00
Agoge Global USA Enters into Joint Venture with WeDev Group of Brazil
NEW YORK, NY / ACCESSWIRE / December 19, 2022 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "the Company") announces that its subsidiary Agoge Global USA, Inc. ("Agoge USA") has partnered with WeDev Group Ltda. ("WeDev" or "WeDev Group"), a Brazilian innovator in software and blockchain development to facilitate cross-border payments between exporters and importers by utilizing stablecoins and blockchain technology to decrease costs and improve transaction speed.
Leveraging the existing platforms and networks of both Agoge USA and WeDev, the Company's management believes this partnership will evolve the current process for US-based importers and Brazilian exporters by reducing payment transaction times from days to hours and significantly reducing the costs to both parties. This new process is also expected to mitigate other existing risk factors that importers and exporters face.
"We are excited to partner with the WeDev Group and look forward to providing new technological and blockchain solutions for payments and business automation for the import and export industry" said Anthony Havens, CEO at Sparta.
The strategic partnership between Agoge USA and WeDev, expected to be fully operational in early 2023, will be for an initial five-year period and has the potential to expand to other blockchain products and technologies. Sparta continues to grow and develop its portfolio of crypto and digital asset offerings for businesses across multiple markets.
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.
Agoge Global USA, Inc. is a newly formed subsidiary of Sparta Commercial Services, Inc. for the Brazilian partnership in facilitating the cross-border payments for goods shipped between Brazil and the USA.
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.
This email address is being protected from spambots. You need JavaScript enabled to view it.
SOURCE: Sparta Commercial Services, Inc.
Published in
Business
Tagged under
Tuesday, 26 January 2021 10:48
Membership in Sparta's Municipal Finance Program Tops 100
NEW YORK, NY / ACCESSWIRE / January 26, 2021 / Sparta Commercial Services, Inc. (OTC PINK:SRCOD) ("Sparta" or "the Company") announces that the Village of Nassau, NY, the Town of Vanceboro, NC, and the Town of Hookerton, NC have joined its Municipal Finance Program, bringing its total membership to 101. The program allows local governments to trim budget costs without cutting services by providing financing for everything from a few radios to an entire fleet of vehicles.
The National League of Cities estimates that nine out of ten cities will be less able to meet their needs in 2021 than in 2020. This is largely due to the pandemic's two-pronged assault on the economy: the dramatic increase in public health costs and the substantial decrease in property and income tax revenue.
Sparta's Municipal Finance Program helps struggling municipalities, large and small, by providing affordable financing for vehicles as well as a wide variety of other essential equipment for police, fire, EMS, public transportation, and public works departments. Sparta is uniquely positioned to provide these services because its Municipal Financing Division has not been adversely affected by the pandemic.
Anthony Havens, Sparta's CEO, says "The addition of these new subscribers to our program further establishes Sparta as an indispensable resource to municipalities across the country." Havens continues, "As more local governments become challenged financially, Sparta's Municipal Finance Division, which provides leasing options and traditional financing, stands ready to help meet their infrastructure needs."
About Sparta Commercial Services Inc.
Recent product offerings, via www.newworldhealthbrands.com and www.newworldhealthcbd.com, offer a full array of wellness products such as supplements including Zinc, Magnesium, Boron, Iodine, Beetroot Extract, and more, as well as hemp-derived CBD products that include oils, topicals, capsules, tablets, and pet tinctures. Sparta Commercial Services, Inc. (www.spartacommercial.com) provides comprehensive vehicle title history reports to dealers, insurance companies, credit unions, and consumers. Sparta, via its iMobileApp product (www.imobileapp.com), has also become a leader in developing and servicing custom mobile apps for a wide range of businesses including restaurants, liquor stores, racetracks, and clubs; as well as vehicle dealerships including Harley-Davidson® and John Deere. Other mobile communications products offered by Sparta include website design, development, hosting and SEO services, and a text messaging and alert service. Sparta's Municipal Financing Division (www.spartamunicipal.com) offers and administers a specialized municipal financing program for local and state agencies with jurisdictions seeking a better way to finance their growing essential equipment needs such as police motorcycles and cruisers, EMS equipment and busses, and any type of equipment a municipality requires.
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, potential 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.
This email address is being protected from spambots. You need JavaScript enabled to view it.
SOURCE: Sparta Commercial Services, Inc.
Published in
Business
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