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| Sparta Commercial Introduces Raleigh, NC to Its Municipal Lease Program |
| New York; May 5, 2010 |
Sparta Commercial Services, Inc. today announced that the company anticipates the city of Raleigh, NC will become the latest addition to the company's ever growing Municipal Lease Program with the acquisition of a new fleet of police motorcycles.
Sparta's Municipal Lease Program is increasingly becoming a preferred source of financing for cities, towns, states, and counties that have a strong need to acquire a variety of essential equipment. This is because the Sparta program allows governmental agencies to lease, rather than purchase that equipment, and thereby extend the payments over a number of years. The program provides a more cost-effective opportunity for municipalities to get the necessary equipment they need while economic circumstances demand greater frugality by governments at all levels. The Sparta Municipal Lease Program can accommodate nearly every type of asset class, including -- in addition to police motorcycles -- surveillance equipment, fire and emergency equipment, police cruisers, tactical and utility vehicles, and virtually any type of equipment considered essential by local or state agencies.
In order to further accelerate the growth of its Municipal Lease Program, Sparta has recently begun a print advertising campaign, targeting publications that appeal to mayors, county executives, public safety officials, and city, town, and county administrators.
Commenting on the anticipated addition of Raleigh, NC to the company's expanding roster of Municipal Lease Program customers, Anthony Havens, Sparta's CEO, said, "Once again, we're welcoming a prominent city to the growing ranks of municipalities that have recognized the value and advantages of Sparta's Municipal Lease Program. And we're especially pleased to be able to help these governmental agencies better weather the financial challenges they face. We hope to continue to add more and more jurisdictions to our program in the coming months, by providing them with a better alternative to the old method of purchasing the essential equipment they require."
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. is a New York-based, nationwide financial services company dedicated to municipal and governmental leasing. Sparta specializes in the financing of essential equipment and services for the law enforcement and emergency response communities. Sparta also offers financing and leasing products to consumers and retail powersports dealers.
Contact:
Dick Trotter, COO
Sparta Commercial Services, Inc.
212-239-2666
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