NEW YORK, June 18, 2012 /PRNewswire/ -- Sparta Commercial Services, Inc. (OTCBB: SRCOD) today announced that Macomb County, Michigan has become the latest jurisdiction to take advantage of Sparta's growing Municipal Lease program with the county's acquisition of a fleet of new Harley-Davidson police motorcycles for its Sheriff's Department.
During recent years, and particularly since the national economic downturn, an ever-increasing number of cities, counties, and towns across the country have turned away from the tradition of purchasing their necessary equipment, which requires total up-front payments, in favor of Sparta's Municipal Lease Program. The Sparta program enables municipalities to pay the cost of equipment over time, providing local government agencies with the benefit of lowering their annual capital outlays as they acquire the critical equipment they need.
The Sparta Municipal Lease Program can accommodate a wide variety of asset classes, from cars to motorcycles, from fire equipment to tactical vehicles, from trucks to busses, and virtually any type of essential-use equipment in which cost is more favorably budgeted through multi-year leasing, rather than outright purchase.
Commenting on transaction, the Fleet Manager for Macomb County, Ms. Tammy Goike, said, "Clearly, utilizing Sparta Municipal's Lease Program helps us to conserve money in our annual budgets for other expenditures. At the same time, Sparta's Municipal Department's knowledge and expertise makes the entire process as easy as possible, which is certainly appreciated."
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 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); 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.
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: http://www.sec.gov
SOURCE Sparta Commercial Services, Inc.