NEW YORK, NY--(Marketwired - Jul 30, 2013) - Specialty Reports, Inc. (SRI), a subsidiary of Sparta Commercial Services, Inc. (OTCQB: SRCO), announced today that Cyclechex Motorcycle History Reports and RVChecks Recreational Vehicle History Reports will begin to include lien information.
Cyclechex (www.cyclechex.com) and RVChecks (www.rvchecks.com), online providers of vehicle history reports in their respective sectors, have seen continuous year-over-year growth in sales and worldwide geographical penetration. Since their inception, these products have provided information to consumers -- both buyers and sellers -- retail dealers, insurers, financing sources, and others, about a particular vehicle's history, including any reported damage, last reported odometer reading, salvage or rebuilt titles, reported theft, recall history, and more. All of this information is available by simply entering a seventeen digit vehicle identification number (VIN) and the payment of a modest fee. With the addition of the lien information, when available, a potential buyer can be even better prepared to make a decision about a potential vehicle purchase.
Commenting on the introduction of the new lien data information feature for Cyclechex and RVChecks, Sandra Ahman, Senior VP of SRI, said, "This added feature further demonstrates our commitment to continuously improving our vehicle history reports and enhancing their value to our customers."
The Specialty Reports, Inc. vehicle history reports are also featured online in both NADAGuides.com and KBB.com, the two most prominent online sources for pre-owned vehicle values and other important information for both buyers and sellers.
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 (www.spartamunicipal.com) 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.
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