Sparta Commercial Services, Inc. (OTCQB: SRCO), today announced that its Specialty Mobile Apps Product has seen a month-over-month revenue increase of 103% from June 2012 to June 2013, more than doubling the revenue received in June 2012.
Specialty Mobile Apps (www.specialtymobileapps.com) has to date developed, built, and launched mobile apps in thirty-four states plus the District of Columbia and Canada.
Commenting on the exceptional sales growth of the Company's Specialty Mobile App product, Anthony Havens, Sparta Commercial and Specialty Reports CEO, said, "The continued revenue growth for our mobile app is clear evidence that businesses in our various targeted sectors are more rapidly coming to recognize the value of and the need for the mobile app technology we're offering. Consequently, the growing demand in the market is fueling this impressive momentum and we fully expect to meet that demand as it continues to expand."
By closely monitoring the explosion of the mobile technology market during the past several years, Sparta's Product Development Group believed that mobile technology was the wave of the future for any consumer-facing business and that websites and traditional methods of communicating with customers would be greatly enhanced by this steadily advancing mobile app technology. The Company's development group immediately embarked on a breakthrough mobile app product and Specialty Reports moved quickly to establish itself as a mobile app technology leader.
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.
Sandra L. Ahman
Sparta Commercial Services, Inc.
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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