NEW YORK, Aug. 17, 2011 -- Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that the city of Greenville, North Carolina has renewed its leases on their fleet of BMW police motorcycles with Sparta's Municipal Lease Program. The original three-year transaction occurred in August, 2008, and will now be extended until August, 2013, at which point the city will own the vehicles outright.
NEW YORK, Aug. 16, 2011 -- Sparta Commercial Services, Inc. (OTCBB: SRCO) announced today that through its Municipal Lease Program, the Company has entered into a second agreement in as many years to provide the Newton Grove, NC police department with the financing necessary to further expand its fleet of Dodge Charger police cruisers. Newton Grove is one of nine North Carolina municipalities utilizing Sparta's Municipal Lease Program to meet their essential equipment needs, and the second thus far to return to the Sparta program for their new vehicular requirements.
NEW YORK, July 19, 2011 -- Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that Bridgeton, North Carolina has become the latest jurisdiction to join the increasing number of municipalities as a client of Sparta's Municipal Lease Program. Bridgeton is now the ninth North Carolina agency utilizing the Sparta Municipal Program to meet its essential equipment needs, joining the cities of Charlotte, Greenville, and Raleigh, just to name a few. The comprehensive asset pool is a mixture of police motorcycles and police squad cars.
NEW YORK, NY -- 02/01/11 -- Sparta Commercial Services, Inc. (OTCBB: SRCO) announced today that the Township of Bloomfield, NJ has entered into its third lease agreement with Sparta's Municipal Lease Program to upgrade the town's police motorcycle fleet.
Bloomfield's initial lease transaction with Sparta occurred in 2007, which was renewed in 2009. The town has now executed a new lease agreement for 2011. New Jersey is one of thirteen states with various agencies now utilizing Sparta's Municipal Lease Program, and the Company is currently in discussions with agencies in several other states.