NEW YORK, NY – April 23, 2013 Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCQB: SRCO), today announced that its Specialty Mobile Apps Group saw an increase in revenues of 78.5% for the fifty weeks ending April 15, 2013, over the full year ending April 30, 2012.
Specialty Mobile Apps has built and launched native apps for
automotive, powersports, RV and marine dealers in thirty-one states and
the District of Columbia, and the
Company believes it is now the preeminent provider of mobile app
technology to Harley-Davidson motorcycle dealers throughout the United States.
Commenting on Specialty Mobile App’s achievements, Anthony Havens ,
Sparta’s CEO, said, “Our confidence in our Specialty Mobile App product
continues to be reaffirmed and it’s a testament to the great work of
our team and the quality of the product. Beginning in May 2013,
Specialty Mobile Apps is planning an aggressive media campaign
targeting web and print industry-specific publications that we believe
will continue to drive sales and increase revenues in the coming
months.”
Specialty Mobile Apps are developed expressly for retail vehicle
dealers, and offer a range of features that are unique to the
automotive, powersports, RV and marine industries. Sparta management
recognized that mobile technology is the way of the future in these
sectors, and that a dealer’s reliance only on a website and traditional
promotions would eventually leave them behind their competitors who were
the early adopters of the new mobile technology.
Our Custom Mobile Apps allow the dealer to connect with their
customers wherever they are – on their smart phone. It also allows the
dealer to aggregate their customer base and send out messages which may
include photos and/or video of its new and pre-owned inventory, notices
of sales or specials, alerts to special events, and virtually any type
of communication it prefers.
The dealer’s customers can schedule a service appointment, contact
the personnel in any of the dealership’s departments, get Geo Map
driving directions and much more, all from the convenience of the smart
phone or tablet in the palm of their hand.
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 the
dealer to manage their own custom dealer mobile 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. The
company also partners with a provider to offer its customers merchant
services as well as working capital and expansion loans.
Contact:
Sandra L. Ahman / Corporate Secretary / Sparta Commercial Services, Inc./ (212) 239-2666
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
SOURCE: Sparta Commercial Services, Inc.
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