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 without busting their budgets. We have seen many agencies return to us to finance the expansion of their fleet as testimony to the effectiveness of our program." Havens continues, "The demand for budget saving options is growing every day, and inquiries for our Municipal Leasing Program have jumped significantly in recent months."
About Sparta Commercial Services Inc.
Recent product offerings, via www.newworldhealthbrands.com and www.newworldhealthcbd.com, offer a full array of wellness products such as supplements including Zinc, Magnesium, Boron, Iodine, Beetroot Extract, and more, as well as hemp-derived CBD products that include oils, topicals, capsules, tablets, pet and livestock tinctures. Sparta Commercial Services, Inc. (www.spartacommercial.com) provides comprehensive vehicle title history reports to dealers, insurance companies, credit unions and consumers. Sparta, via its iMobileApp product (www.imobileapp.com), has also become a leader in developing and servicing custom mobile apps for a wide range of businesses including restaurants, liquor stores, racetracks, and clubs; as well as vehicle dealerships including Harley-Davidson® and John Deere. Other mobile communications products offered by Sparta include website design, development, hosting and SEO services, and a text messaging and alert service. Sparta's Municipal Leasing Division (www.spartamunicipal.com) offers and administers a specialized municipal leasing program for local and state agencies with jurisdictions seeking a better way to finance their growing essential equipment needs such as police motorcycles and cruisers, EMS equipment and busses, and any type of equipment a municipality requires.
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.