Specialty Reports, Inc. Announces Strong Revenue Growth For Its Specialty
Mobile App Product
NEW YORK, April 23, 2013
NEW YORK, April 23, 2013 /PRNewswire/ --Specialty Reports, Inc., a subsidiary
of Sparta Commercial Services, Inc. (OTCQB: SRCO), today announced that its
Specialty Mobile Apps Group saw an increase in revenues of 78.5% for the fifty
weeks ending April 15, 2013, over the full year ending April 30, 2012.
Specialty Mobile Apps has built and launched native apps for automotive,
powersports, RV and marine dealers in thirty-one states and the District of
Columbia, and the Company believes it is now the preeminent provider of mobile
app technology to Harley-Davidson motorcycle dealers throughout the United
Commenting on Specialty Mobile App's achievements, Anthony Havens, Sparta's
CEO, said, "Our confidence in our Specialty Mobile App product continues to be
reaffirmed and it's a testament to the great work of our team and the quality
of the product. Beginning in May 2013, Specialty Mobile Apps is planning an
aggressive media campaign targeting web and print industry-specific
publications that we believe will continue to drive sales and increase
revenues in the coming months."
Specialty Mobile Apps are developed expressly for retail vehicle dealers, and
offer a range of features that are unique to the automotive, powersports, RV
and marine industries. Sparta management recognized that mobile technology is
the way of the future in these sectors, and that a dealer's reliance only on a
website and traditional promotions would eventually leave them behind their
competitors who were the early adopters of the new mobile technology.
Our Custom Mobile Apps allow the dealer to connect with their customers
wherever they are – on their smart phone. It also allows the dealer to
aggregate their customer base and send out messages which may include photos
and/or video of its new and pre-owned inventory, notices of sales or specials,
alerts to special events, and virtually any type of communication it prefers.
The dealer's customers can schedule a service appointment, contact the
personnel in any of the dealership's departments, get Geo Map driving
directions and much more, all from the convenience of the smart phone or
tablet in the palm of their hand.
About Sparta Commercial Services, Inc.
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. The
company also partners with a provider to offer its customers merchant services
as well as working capital and expansion loans.
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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