NEW YORK, Feb. 14, 2012 /PRNewswire/ -- Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that Sachse, TX has become the most recent jurisdiction to join the growing number of municipalities across the country that are utilizing Sparta's Municipal Lease Program for the acquisition of their essential equipment. As is often the case among a great number of governmental agencies utilizing the Sparta Municipal Program, the city of Sachse is replacing their motorcycles with new, current-model-year Harley-Davidsons.
Sparta's Municipal Lease Program is becoming increasingly popular among towns and cities throughout the United States as an alternative to the traditional "all-cash-up-front" method of acquiring their essential equipment. The emerging preference for the Sparta program is in large part a result of the fact that it enables these municipalities to pay the costs of their equipment over time and avoid the burden of having to place additional strains on annual budgets, especially during these already difficult economic times.
Commenting on the transaction, Motor Officer Michael Hunter of the Sachse Police Department said, "This is our first experience with Sparta's Municipal Lease division and I can report that the entire process went smoother and easier than we could have hoped. We're looking forward to a continuing relationship with Sparta for these purposes."
Chris Karczmarski, Sales Manager at Harley-Davidson of Dallas, the vendor who supplied the motors for this transaction, added, "Working with Sparta's Municipal Lease professionals is definitely a pleasure. They have a keen understanding of our needs, and they made the transaction as simple and straightforward as possible."
Anthony Havens, Sparta's CEO, further commented on the transaction, saying, "Whenever we can assist agencies in meeting their equipment needs in a more practical and economical way, we take a special pride in accomplishing the task. Not only do these local governments deserve to have the newest and most reliable equipment available, but they also deserve to have the most cost-effective means possible for acquiring that equipment."
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.
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.