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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

NEW YORK, NY / ACCESSWIRE / February 23, 2022 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "the Company"), announced today that it has welcomed one of the premier private car clubs in the Southwest as a user of its mobile app technology. Private car clubs are a growing segment of the client base for Sparta's iMobileApp product.

The Company stated that the interest and demand for the iMobileApp by clubs of all types is increasing. iMobileApp provides superior features for private and public clubs, including golf clubs, country clubs, athletic clubs, and more. The Company believes more clubs such as this will be taking advantage of the cost effective benefits and features our mobile apps can offer.

Anthony Havens, Sparta's CEO, says, "It is crucial for club members to be able to log in to password-protected apps to access content specific to their needs, and it is of particular importance to our club clients as well. Our mobile app development team is experienced in designing and implementing mobile apps with features that enhance each member's experience while helping our clients more effectively manage their communications with members."

About Sparta Commercial Services Inc.

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

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.

iMobile Solutions, Inc., via its iMobileApp product (www.imobileapp.com), develops and services 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 include website design, development, hosting and SEO services, and a text messaging and alert service.

Other products offerings of iMobile Solutions, Inc. include comprehensive vehicle title history reports for motorcycles (www.cyclechex.com), recreational vehicles (www.rvchex.com) and heavy duty trucks (www.truckchex.com). The reports have been purchased in all 50 states and 61 other countries, and viewed by potential customers in over 125 countries.

New World Health Brands, Inc. offers offer a full array of wellness products such as supplements including Zinc, Magnesium, Boron, Iodine, Beetroot Extract, and more on its B to C website (www.newworldhealthbrands.com) as well as hemp-derived CBD products that include oils, topicals, capsules, tablets, and pet tinctures (www.newworldhealthcbd.com).

Sparta Crypto, Inc. has products in development and will announce as they are formally launched.

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.

Published in Business
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