Friday, July 13, 2012

Sparta Commercial (OTCBB: SRCO) Expands its Municipal Leasing with St. Pauls, North Carolina

Sparta Commercial (OTCBB: SRCO) Expands its Municipal Leasing with St. Pauls, North CarolinaPalm Beach, FL 7/13/12 (StreetBeat) – Sparta Commercial Services (OTCBB: SRCO) has entered into an agreement with St Pauls, NC to provide financing to the town’s police department. This is the second time in two years that St Pauls has used Sparta’s Municipal Lease Program, which focuses on supporting various governmental agencies with equipment purchases especially during tough economic times. Sparta’s program is used throughout the state, with St Pauls being just one of the nine jurisdictions in NC that have taken advantage of this financing method for purchasing essential equipment outright. St Pauls will be using its financing to buy the Dodge Charger Police Cruisers for its police department.

Anthony Havens, Sparta's CEO, commented on this transaction, "Whenever we have recurring transactions with a jurisdiction like St. Pauls, North Carolina, it tells us that our Municipal Program is appreciated and that the relationship has endured."

The company was trading up $0.19 at 1.39 in yesterdays trading.

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