NEW YORK, NY – March 7, 2011 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCQB: SRCO) today announced the launch of RVchecks.com, an online source for recreational vehicle history reports. RVchecks.com is now the second product offering by Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc., after Cyclechex.com, both of which provide valuable historical information about a given vehicle. RVchecks.com is designed to produce data for consumers, RV dealers, lenders, insurers, and other interested parties about any previous reported damage or salvage occurrences, any reports of theft, manufacturers’ recall history, and other valuable information in order to give buyers the tools to make well-informed decisions about the purchases they’re considering.
RVchecks.com provides history reports on pre-owned motor homes, travel trailers, folding campers, and truck campers, simply by entering the seventeen-digit Vehicle Identification Number (VIN) of the unit at the RVchecks.com website, and paying a modest fee for the report. The data collected and aggregated by RVchecks.com is derived from multiple sources, including, but not limited to, government agencies.
Commenting on the launch of RVchecks.com, Anthony Havens, CEO of Sparta Commercial and Specialty Reports, said, “With the high cost of these types of vehicles, even if pre-owned, consumers will have the opportunity to learn vital facts that will make them more knowledgeable before they make such an expensive decision. We’re proud and excited about the business prospects for RVchecks.com.”
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc., www.spartacommercial.com, is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment for the law enforcement and emergency response communities.
Our subsidiary, Specialty Reports, Inc., is in the business of offering online access to title histories and salvage information for various classes of previously owned assets. RVchecks is the second product offering of Specialty Reports, whose initial product release was the Cyclechex Motorcycle History Report.
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.