NEW YORK, NY - January 28, 2014 - Sparta Commercial Services, Inc. (OTCQB: SRCO) announced today that Jamestown, SC, and Gaston, SC have become the latest jurisdictions to join Sparta's growing Municipal Lease Program with the acquisition of new Dodge Charger police cruisers to replace older vehicles in their respective fleets.
The popularity of Sparta's Municipal Lease Program is due to the greater flexibility of the leasing alternative to that of the traditional method of an up-front total purchase. The Sparta lease is preferred by municipal managers, executives, and department heads, because by leasing, the payments for the equipment are spread over time, and therefore offer wider choices for budgetary considerations.
Sparta's Municipal Lease Program can accommodate virtually any type of essential equipment, from autos to motorcycles, from busses to trucks, from fire equipment to tactical vehicles, and more.
The vendor for both transactions is Butler Chrysler Jeep Dodge of Beaufort, SC, and Amy Hill, Government and Fleet Specialist at Butler added, "These are the third and fourth transactions we've done with Sparta's Municipal Lease Division, and it's always a good experience. They clearly understand the dealer's side of the equation and it's always a smooth process."
For more information about the Sparta Municipal Lease Program, visit www.spartamunicipal.com, or call 800-882-0778.
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. is a New York-based technology company that originally focused primarily on providing consumer and municipal financing to powersports, recreation, and auto industries. Through its subsidiary, Specialty Reports, Inc., the Company now offers a range of online tools and products that include a Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto dealers, which allows the dealers to manage their own custom dealer mobile applications 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); CarVINreport, providing Automobile and Light Truck History Reports (www.carvinreport.com); and Truckchex, providing Heavy Duty Truck History Reports (www.truckchex.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.
This news release contains forward-looking information within the meaning of federal securities regulations. These forward-looking statements include statements related to the possible outcome of this case or any other litigation. These forward-looking statements involve risks and uncertainties, including those described from time to time in the Company's filings with the Securities and Exchange Commission (SEC) that could cause the actual results to differ materially from those anticipated by these forward-looking statements. In particular, the ultimate outcome of this case or any litigation is always uncertain and may differ materially from what is currently anticipated. The Company assumes no obligation to update any forward-looking information contained in this press release.
Sandra L. Ahman
Sparta Commercial Services, Inc.
SOURCE: Sparta Commercial Services, Inc.