News & Events
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Membership in Sparta's Municipal Finance Program Tops 100
NEW YORK, NY / ACCESSWIRE / January 26, 2021 / Sparta Commercial Services, Inc. (OTC PINK:SRCOD) ("Sparta" or "the Company") announces that the Village of Nassau, NY, the Town of Vanceboro, NC, and the Town of Hookerton, NC have joined its Municipal Finance Program, bringing its total membership to 101. The program allows local governments to trim budget costs without cutting services by providing financing for everything from a few radios to an entire fleet of vehicles. The National League of Cities estimates that nine out of ten cities will be less able to meet their needs in 2021 than in 2020. This is largely due to the pandemic's two-pronged assault on the economy: the dramatic increase in public health costs and the substantial decrease in property and income tax revenue. Sparta's Municipal Finance Program helps struggling municipalities, large and small, by providing affordable financing for vehicles as well as a wide variety of other essential equipment for police, fire, EMS, public transportation, and public…
January 26, 2021
Sparta’s Municipal Leasing Program Expands Southeastern Program
NEW YORK, NY / September 2, 2020 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "the Company") announces that it has completed 9 contracts for new and returning jurisdictions. Sparta welcomes Inman, SC and Navassa, GA to a growing family of 99 municipalities across the country, which includes Raleigh, NC and Newark, NJ. The returning jurisdictions are Albany, GA, Candor, NC, and Hyde County, NC, as well as Jasper, SC and Yemassee, SC both of whom completed two separate contracts. The Sparta Municipal Lease Program benefits local government agencies with limited resources by making available a wide range of equipment at affordable rates. The Program provides financing for vehicles and other essential equipment for the police, fire, EMS (Emergency Medical Services), public transportation, administrative and public works departments. When asked about the completed transactions, Anthony Havens, Sparta's CEO, says, "Our established Municipal Leasing Program has proved indispensable in today's tight money environment. It allows government agencies to equip themselves with the tools they need…
September 02, 2020
Sparta Adds Dietary Supplements To Its Health and Wellness Product Line
NEW YORK, NY / ACCESSWIRE / August 4, 2020 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "the Company") announces its subsidiary, New World Health Brands, an established provider of CBD products, is expanding into the health and wellness market with a line of quality dietary supplements. This move will allow Sparta to access markets, and e-commerce platforms currently not available to its CBD products. Sparta's CEO, Anthony Havens, explains, "We are using our position as a purveyor of premium hemp-based CBD products as a platform from which to launch a new and comprehensive line of dietary supplements. This is the natural next step in our marketing plan as the new supplements are an ideal complement to our existing CBD products." The supplement tablets include Zinc, Magnesium, Boron, Iodine, Beetroot Extract, and more - specifically formulated to strengthen the immune system. Says Havens, "This is especially relevant these days when enhanced immunity is on everyone's mind." Further additions to its dietary supplements and other…
August 04, 2020
Sparta Secures Expansion Financing for its Health and Wellness Division
NEW YORK, NY / ACCESSWIRE / July 24, 2020 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "the Company") announced today that it has obtained inventory financing for the expansion of its new health and wellness division. The initial $500,000 facility will be used to increase the inventory of existing products, and to introduce new products to the Company's subsidiary, New World Health Brands, as the company grows. As Sparta expands its hemp based CBD product line through its wellness division, its other established products and services continue to grow. Sparta's Municipal Leasing Division provides budget saving leasing options for essential equipment to municipalities nationwide in this challenging environment. As towns, cities, and counties face declining revenues, Sparta's municipal leasing options provide a valuable cost saving tool. In its technology and mobile solutions division, Sparta plans to enhance its line of mobile app and web services products with additional features. The Company anticipates increased interest in its contactless mobile solutions, and already established food…
July 24, 2020
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