New York, NY, Sept. 29, 2017 (GLOBE NEWSWIRE) — Sparta Commercial Services, Inc. (Symbol: SRCO) announced today that its Municipal Leasing Division will replace the city’s police motorcycles with new BMW vehicles. This is the third time the company has performed the service.
Garcia Moto is the vender, and the Raleigh dealership has provided vehicles in five previous Sparta leasing transactions. Says Garcia Moto’s Dealer Principal, Garrett Garcia, “We teamed with Sparta’s Municipal Lease Division several years ago to provide an efficient process for our police customers to acquire new motorcycles. Sparta has always made it a pleasant experience, and their program makes the process a ‘win-win’ for everyone.”
Sparta’s Municipal Leasing Program has become an important resource for cities and other municipalities across the country. The program offers a cost effective way of securing vehicles, other than standard up-front purchasing. The Sparta alternative permits the buyer to spread payments over time, making the budgeting process more flexible, which allows for the acquisition of equipment that would otherwise be unaffordable.
Sparta has serviced over a dozen North Carolina municipalities, including the cities of Charlotte and Greenville, and has recently contracted with the town of Candor for a Jet-Vac cleaning machine.
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. (www.spartacommercial.com), through its subsidiary, iMobile Solutions, Inc., is a leader, in developing, managing, and servicing custom mobile apps for vehicle dealers from Harley-Davidson® to John Deere, automobiles and RVs, restaurants, liquor stores, clubs, and other businesses in 49 states and Canada. In addition to mobile apps, Sparta provides motor vehicle title history reports to dealers, insurance companies, credit unions, and consumers. The Company also offers vehicle and capital lease finance programs for municipalities.
iMobile Solutions, Inc. offers customizable mobile applications designed for vehicle dealers, providing for ongoing contact with their customers and communications of upcoming and ongoing promotions, special events, new and used inventory, and more, and for a wide range of other businesses and entities, offering a customized mobile app designed specifically for their purposes, at a fraction of the cost of both traditional and web marketing. iMobileApp, (www.imobileapp.com), is a custom, fully-branded app that is an extension of a business’s e-presence. In addition, the company offers complete website design, development, hosting, support and maintenance.
The Company also provides detailed used vehicle title history reports to dealers, insurance companies, credit unions, etc., as well as to consumers. The reports are trusted by industry professionals to provide buyers accurate, timely, and thorough title history reports. The Company targets four motor vehicle markets through http://www.carvinreport.com (automobiles and light trucks), www.cyclechex.com (motorcycles), www.rvchecks.com (recreational vehicles) and www.truckchex.com (commercial trucks).
Sparta’s Municipal Leasing Division (www.spartamunicipal.com) offers and administers a specialized municipal leasing program for local and state agencies. The Company is dedicated to serving jurisdictions with small and growing vehicle fleets who seek 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 a municipality requires. The Municipal Leasing Division also works with larger jurisdictions to provide competitive leasing facilities for specific segments of their fleet portfolio.
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, 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.
Sandra L. Ahman
Sparta Commercial Services, Inc.
Source: Nasdaq Automotive News