NEW YORK, May 15, 2013 /PRNewswire/ -- Sparta Commercial Services, Inc. (OTCQB: SRCO) announced today that the Christoval Independent School District in central Texas has become the latest organization to join its nationwide Municipal Lease Program with the acquisition of mid-sized 26-passenger Starcraft Buses to supplement their fleet of traditional, larger-capacity school buses. The school district determined that they would be better served with the Starcraft buses for the transport of smaller numbers of students, effectually realizing a savings on fuel and maintenance, while retaining the larger vehicles for more appropriate usage.
The vendor who provided the Starcraft buses for this transaction is Carpenter Bus Sales of Franklin, TN. Starcraft Bus, based in Goshen, Indiana, is a division of Forest River, Inc., a wholly owned subsidiary of Berkshire Hathaway.
Sparta's Municipal Lease Program is gaining popularity among local, city, and county governments because it offers a budget-easing alternative to traditional purchasing, which requires up-front payments and allocations within a single fiscal year. Conversely, the Sparta Program allows for payments over time, thereby giving governmental agencies greater budgeting flexibility for their essential equipment. The Sparta Municipal Lease Program specializes in transactions from as little as $15,000 and up, making them a niche servicer for smaller transactions, and can accommodate asset classes including cars, trucks, motorcycles, buses, ambulances, fire engines, EMS equipment, tactical vehicles, and much more.
For further 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 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 (www.spartamunicipal.com) 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.