Specialty Reports, Inc. Announces Strong Revenue Growth For Its Specialty Mobile App Product
NEW YORK, April 23, 2013 /PRNewswire/ -- Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCQB: SRCO), today announced that its Specialty Mobile Apps Group saw an increase in revenues of 78.5% for the fifty weeks ending April 15, 2013, over the full year ending April 30, 2012.
Specialty Mobile Apps has built and launched native apps for automotive, powersports, RV and marine dealers in thirty-one states and the District of Columbia, and the Company believes it is now the preeminent provider of mobile app technology to Harley-Davidson motorcycle dealers throughout the United States.
Commenting on Specialty Mobile App's achievements, Anthony Havens, Sparta's CEO, said, "Our confidence in our Specialty Mobile App product continues to be reaffirmed and it's a testament to the great work of our team and the quality of the product. Beginning in May 2013, Specialty Mobile Apps is planning an aggressive media campaign targeting web and print industry-specific publications that we believe will continue to drive sales and increase revenues in the coming months."
Specialty Mobile Apps are developed expressly for retail vehicle dealers, and offer a range of features that are unique to the automotive, powersports, RV and marine industries. Sparta management recognized that mobile technology is the way of the future in these sectors, and that a dealer's reliance only on a website and traditional promotions would eventually leave them behind their competitors who were the early adopters of the new mobile technology.
Our Custom Mobile Apps allow the dealer to connect with their customers wherever they are – on their smart phone. It also allows the dealer to aggregate their customer base and send out messages which may include photos and/or video of its new and pre-owned inventory, notices of sales or specials, alerts to special events, and virtually any type of communication it prefers.
The dealer's customers can schedule a service appointment, contact the personnel in any of the dealership's departments, get Geo Map driving directions and much more, all from the convenience of the smart phone or tablet in the palm of their hand.
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.
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.