NEW YORK, NY, United States, via ETELIGIS INC., 09/20/2012 - - Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that the City of Cambridge, Ohio has become the fifth municipality in the state of Ohio, and the latest jurisdiction in the country to become a participant in Sparta's continually growing Municipal Lease Program.
Cambridge, Ohio, like numerous other municipalities before them, decided that Sparta's Municipal Lease Program was a better, more economical choice when it came to replacing the Dodge Charger Police Cruisers in their police department fleet with new 2012 models. The Sparta program allows any state, city, county, or local jurisdiction to acquire the essential equipment they need, and to pay for it over time, rather than the traditional "all up-front" purchasing method. With the Sparta alternative, governmental agencies can acquire virtually any type of asset class, from busses to trucks, EMS, fire equipment, police motorcycles, cruisers, tactical vehicles, surveillance equipment, and more, while conserving funds in their annual budgets.
Nolan Gierhart, Fleet Manager at Coughlin Chrysler Dodge Jeep Ram in Marysville, Ohio, the vendor for the vehicles for this transaction, said, "This is our third experience working with Sparta's Municipal Lease Division, and it continues to be seamless. They really understand the dealer's position in these types of transactions, and they make the process smooth and easy."
Suellen Johnson, the City of Cambridge Auditor, added, "Although this is our first time working with the Sparta program, their highly professional and knowledgeable staff made it easy and comfortable for us. I definitely look forward to working with them again in the future."
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.
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
SANDRA L. AHMAN
SPARTA COMMERCIAL SERVICES, INC.
SOURCE Sparta Commercial Services, Inc.