New York, NY, Nov. 25, 2014 (GLOBE NEWSWIRE) -- Sparta Commercial Welcomes the Friendship Fire Company of Harpers Ferry and Bolivar, WV to Its Municipal Lease Program
Sparta Commercial Services, Inc. (OTCQB: SRCO) announced today that the Friendship Fire Company of Harpers Ferry and Bolivar, West Virginia, has become the latest organization to join its nationwide Municipal Lease Program with the acquisition of a new Ford F450 XL 4x4 Super Cab Brush Truck to replace equipment ready to come out of rotation. The volunteer fire department determined that they would be better served with Sparta's lease-purchase finance option than purchasing a new fully equipped truck outright, thereby saving budget monies for other competing needs.
Sparta's Municipal Lease Program has gained 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 such as fire, police, and EMS departments greater budgeting flexibility for their essential-use equipment.
The Sparta Municipal Lease Program specializes in transactions from as little as $15,000 and up, making it 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.
While Kent Parsons Ford in Martinsburg, WV provided the actual chassis, there were multiple sub-vendors involved supplying such items as heavy-duty bumpers, sirens, radios, and LED lights.
About Sparta Commercial Services, Inc.
Sparta Commercial Services' 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.
Sparta (www.spartacommercial.com) is a leader in providing motor vehicle history reporting to dealers and consumers, developing and managing custom mobile apps for dealer networks and businesses, and offering and administering vehicle and capital lease programs for municipalities.
Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, provides detailed used vehicle title history reports to dealers, insurance companies, credit unions, etc., as well as to consumers. Specialty Reports (www.specialtyreportsinc.com) is trusted by industry professionals to give buyers accurate, timely and thorough title history reports. The Company targets four motor vehicle markets through www.CarVinReport.com (automobiles and light trucks), www.Cyclechex.com (motorcycles), www.RVchecks.com (recreational vehicles) and www.truckchex.com (commercial trucks).
Sparta's Mobile Applications Division offers a customizable mobile app product for vehicle and power-sport dealer networks, as well as a mobile app product for growing businesses. Specialty Mobile Apps (www.SpecialtyMobileApps.com) is a product that gives dealers their own branded mobile app. The app allows dealers to stay in contact with their customers and communicate about promotions, special events, new inventory arrivals, and more. iMobileApp (www.iMobileApp.com) is the newest mobile app product from Sparta - providing small and growing companies with a customized mobile app for their businesses, at a fraction of the cost of traditional and web marketing.
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:Sparta Commercial Services, Inc.