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Hocking County, OH Chooses Sparta Commercial's Municipal Lease Program
Sep 19, 2012 (06:09 PM EDT)
NEW YORK, Sept. 19, 2012 /PRNewswire/ -- Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that Hocking County, Ohio has chosen the Sparta Municipal Lease Program as the funding source for the County Sheriff's vehicle replacement plan. The Sheriff's Department is replacing older Dodge Charger police cruisers with the latest model of the vehicle that has become a preference for many law enforcement agencies.
Hocking County has joined a steadily increasing number of jurisdictions around the country, including three others in Ohio, to select Sparta's Municipal Lease Program as the financing source for the acquisition of their essential equipment. The Sparta Program enables city, county, and state agencies to lease, rather than purchase, a variety of essential-use equipment, and thereby spread the cost over time instead of having to pay through the traditional "all up-front" method. The Sparta alternative eases the budgetary strain that so many municipalities are experiencing in the current economic climate.
Coughlin Chrysler Dodge Jeep Ram is providing the vehicles, and Nolan Gierhart, Coughlin's Fleet Manager, commented, "This is the second transaction we've done with Sparta, with another one pending, and we couldn't be more pleased with how knowledgeable and professional their Municipal Leasing staff are."
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 manage their own custom dealer 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.
Sandra L. Ahman
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.