Specialty Reports, Inc. Announces Continued Domestic And International Sales
Growth For Its Online Vehicle History Reports
NEW YORK, May 1, 2013
NEW YORK, May 1, 2013 /PRNewswire/ --Specialty Reports, Inc., a subsidiary of
Sparta Commercial Services, Inc. (OTCQB: SRCO), reported today that the
continuing sales growth for its Cyclechex Motorcycle History Report product
(www.cyclechex.com) and its RVChecks History Report product (www.rvchecks.com)
have seen an average year over year increase of more than 17% from April, 2012
to April, 2013.
The vehicle history reports group of SRI has now sold its online history
reports not only in all fifty states and the District of Columbia, but also in
forty-six other countries, the latest of which include Belgium, Colombia,
Ireland, Italy, Latvia, Malaysia, Philippines, Peru, Spain, Switzerland,
Ukraine, and the United Arab Emirates.
With the simple entry of a vehicle's seventeen digit Vehicle Identification
Number (VIN), and a modest fee, the system can inform consumers, dealers,
insurers, lenders, manufacturers, credit unions, and any other interested
party of any reported Salvage or Rebuilt title brands, the most recent
reported mileage, and other valuable information, regardless of the vehicle's
country of origin.
For retail dealers or private parties selling a motorcycle or recreational
vehicle, the online history report is a powerful tool, demonstrating to any
prospective buyer the vehicle's actual history, and thereby assuring a level
of comfort for the buyer. Given the fact that these types of pre-owned
vehicles can be quite expensive, a history report is becoming a virtual
necessity for any potential buyer. Additionally, any financial institution
that is considering a loan for the purchase of a pre-owned vehicle is well
served with a vehicle history report that can more fully inform them as they
make their credit decision. Similarly, retail dealers, insurers,
manufacturers, and others are also aided by detailed vehicle history reports
to support their respective interests.
In addition to being available at www.DMV.org and via dealerships across the
country, the Specialty Reports, Inc. vehicle history reports are also
available at www.NADAguides.com and www.kbb.com, the two most prominent online
sources for pre-owned vehicle values. These relationships have proven to be
extremely productive for the company's marketing efforts in support of its
vehicle history reports products.
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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