Specialty Reports, Inc. Announces Continued Domestic And International Sales Growth For Its Online Vehicle History Reports
Specialty Reports, Inc. Announces Continued Domestic And International Sales Growth For Its Online Vehicle History Reports PR Newswire 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. Contact: Sandra L. Ahman Corporate Secretary Sparta Commercial Services, Inc. (212) 239-2666 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: http://www.sec.gov SOURCE Sparta Commercial Services, Inc.