Sparta Commercial Welcomes Elgin, SC To Its Municipal Lease Program
NEW YORK, Feb. 6, 2013
NEW YORK, Feb. 6, 2013 /PRNewswire/ --Sparta Commercial Services, Inc.
(OTCQB: SRCO) today announced that Elgin, South Carolina, has become the most
recent jurisdiction to join the growing number of local governments that are
turning to Sparta's Municipal Lease Program for the acquisition of their
essential equipment, particularly the updating of their police vehicles.
The increasing trend toward the Sparta program among municipalities around the
country is due to the opportunity to pay for the necessary equipment over
time, through the Sparta lease, rather than in an up-front lump sum. This
gives local governments greater flexibility as they decide on departmental
allocations, something that is an understandable preference in a time of tight
budgets and fiscal constraints.
Harold Brown, Elgin's Chief of Police, added, "I was very impressed not just
with the Sparta program, which is a great financing alternative for us, but
also with their staff who walked us through the transaction quickly and
In addition to police cruisers and motorcycles, the Sparta Municipal Lease
Program can accommodate virtually any type of materiel required by most
jurisdictions, including trucks and busses, fire and EMS vehicles,
surveillance systems and ambulances, and even tactical vehicles. Further
information about the Sparta Municipal Lease Program is available at
www.spartamunicipal.com, or by calling 800-882-0778.
Sparta Commercial Services, Inc. is a New York-based technology company that
has roots in the powersports industry where it had originally focused
primarily on providing consumer and municipal financing to powersports,
recreation, and auto industries. Through its subsidiary, Specialty Reports,
Inc. the Company offers a range of online tools and products that include a
Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto
dealers, that allows the dealer to manage their own custom dealer mobile
application that are made available on multiple platforms such as iPhone, iPod
Touch, iPad, Android Mobile, Android Tablet and Kindle Fire, giving consumers
access to the dealerships' inventory, sales and service departments, hours,
locations, special events and more (www.specialtymobileapps.com); Cyclechex,
providing Motorcycle History Reports (www.cyclechex.com); RVChecks providing
Recreational Vehicle History Reports (www.rvchecks.com); and CarVINreport,
providing Automobile and Light Truck History Reports (www.carvinreport.com).
All of the vehicle history reports cited above are designed for consumers and
retail dealers as well as for auction houses, insurance companies and
banks/finance companies. Sparta continues to administer an ever-growing
Municipal Leasing Program for local and/or state agencies throughout the
country seeking a better and more economical way to finance their essential
equipment needs, from police motorcycles and cruisers, to EMS equipment and
busses, to virtually any type of equipment required. Sparta is an innovative
and diversified Company dedicated to identifying the needs and interests of
its targeted markets, and developing products and services specifically
designed to meet those needs and interests now, and well into the future.
Sandra L. Ahman
Sparta Commercial Services, Inc.
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, obtaining, satisfying terms of, and amount of credit
lines, 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:
SOURCE Sparta Commercial Services, Inc.
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