Sparta Commercial Welcomes Canton, GA to Its Municipal Lease Program.
NEW YORK, NY--(Marketwire -01/09/12)- Sparta Commercial Services, Inc. (OTC.BB: SRCO.OB - News) today announced that Canton, GA has become the latest jurisdiction to join the company's ever-growing Municipal Lease Program with the acquisition of new Harley-Davidson police motorcycles through the Sparta program.
Sparta's Municipal Lease Program is increasingly becoming a preferred source of financing for cities, towns, states, and counties that have a strong need to acquire a variety of essential equipment. The Sparta program allows governmental agencies to lease over a number of years, rather than purchase that equipment, and thereby reduce the strain on their capital budgets. The program provides a more cost-effective opportunity for municipalities to get the necessary equipment they need while economic circumstances demand greater frugality by governments at all levels. The Sparta Municipal Lease Program can accommodate nearly every type of asset class, including -- in addition to police motorcycles -- surveillance equipment, fire and emergency equipment, police cruisers, tactical and utility vehicles, and virtually any type of equipment considered essential by local or state agencies.
Ty Phillips, Sales Manager of Harley-Davidson of Cartersville, GA, the dealer providing the motorcycles for this transaction, said, "The first municipal lease arrangement we did with Sparta Commercial Services for the City of Woodstock [Georgia] went so smoothly that when the City of Canton asked if we could provide a lease for their motor fleet, we had no reservations about contacting Sparta again."
Sgt. Jeff Tucker of the Canton Police Department added, "This was our first experience with leasing our motorcycles, and the professionals at Sparta's Municipal Leasing division made it easier than we would have thought possible. They walked us through the process quickly and efficiently, and got us the fleet we needed with the budget we had. It has been a real pleasure working with them."
Commenting on the addition of Canton, GA to the company's expanding roster of Municipal Lease Program customers, Anthony Havens, Sparta's CEO, said, "Once again, we're welcoming another jurisdiction to the growing ranks of municipalities that have recognized the value and advantages of Sparta's Municipal Lease Program. And we're especially pleased to be able to help these governmental agencies better weather the financial challenges they're facing in these difficult economic times. We expect to continue to add more and more jurisdictions to our program in the coming months, by providing them with a better and more cost effective alternative to the old method of purchasing the essential equipment they require."
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 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 them to build and manage their own custom dealer application that will be 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); RV Checks providing Recreational Vehicle History Reports (www.rvchecks.com); and CarVINreport, providing History Reports for automobiles and light trucks (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 also offers consumer financing products through a nationwide network of powersports dealers, and 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.
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.
Sandra L. Ahman
Sparta Commercial Services, Inc.