Company to Capture Market Share of Small and Medium Sized Businesses
New York, NY, July 06, 2016 (
GLOBE NEWSWIRE) ---- Sparta Commercial Services, Inc. (OTCQB: SRCO), a leader in the development, management, and servicing of custom mobile applications, today announced that it has changed the name of its wholly-owned subsidiary Specialty Reports, Inc. to iMobile Solutions, Inc. The new name and relaunch of its mobile app business better reflects the Company?s focus on the fast-growing business mobile application market.
Company to Increase Focus on Multi-Billion Mobile App Users
http://www.globenewswire.com/NewsRoom/AttachmentNg/88c12957-002b-4a8b-bc72-02cc5b68352c
Since its formation, Sparta Commercial?s wholly-owned subsidiary, iMobile Solutions, Inc. has developed some of the industry?s leading and innovative mobile applications across a wide variety of businesses and industries. However, despite the rapid growth of the market, there remains a large void in the industry for small and medium-sized businesses looking for an easy-to-use and cost-effective mobile app solution. The Company believes that targeting this niche market with its state of the art technology and subscription-based business model should enable the Company to experience significantly faster growth and expansion in the forseeable future.
Anthony Havens, Sparta?s CEO stated, ?The rebranding and relaunch of our mobile app development business is a clear reflection of the success we are having in developing some of the most innovative and user-friendly mobile apps for small and medium-sized businesses, one of the largest, yet most neglected, sectors in the business community that could benefit tremendously through the use of our mobile apps. We believe our new iMobile Solutions name better aligns us with the continued growth we are experiencing in the mobile app industry and are truly excited to see the market?s rapid acceptance and adoption of our technology,? concluded Mr. Havens.
Watch our iMobileApp Restaurant, Grocery Store, and Entertainment videos available on YouTube:
iMobileApp Restaurant Video - https://www.youtube.com/embed/szYAwXtAiFg?VQ=HD1080
iMobileApp Grocery Store Video - https://www.youtube.com/embed/qz9Bs8qFj7o?VQ=HD1080
iMobileApp Entertainment Video - https://www.youtube.com/embed/RQ_NCICOhBE?vq=hd1080
To learn more about iMobileApp, please visit http://imobileapp.com/.
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (http://spartacommercial.com/), through its subsidiary, iMobile Solutions, Inc., is a leader, in developing, managing, and servicing custom mobile apps for vehicle dealers from Harley-Davidson® to John Deere, automobiles and RVs, restaurants, liquor stores, clubs, and other businesses in 49 states and Canada. In addition to mobile apps, Sparta provides motor vehicle title history reports to dealers, insurance companies, credit unions, and consumers. The Company also offers vehicle and capital lease finance programs for municipalities.
iMobile Solutions, Inc. offers customizable mobile applications designed for vehicle dealers, providing for ongoing contact with their customers and communications of upcoming and ongoing promotions, special events, new and used inventory, and more, and for a wide range of other businesses and entities, offering a customized mobile app designed specifically for their purposes, at a fraction of the cost of both traditional and web marketing. iMobileApp, (http://imobileapp.com/), is a custom, fully-branded app that is an extension of a business?s e-presence.
The Company also provides detailed used vehicle title history reports to dealers, insurance companies, credit unions, etc., as well as to consumers. The reports are trusted by industry professionals to provide buyers accurate, timely, and thorough title history reports. The Company targets four motor vehicle markets through https://www.carvinreport.com/ (automobiles and light trucks), https://cyclechex.com/ (motorcycles), https://www.rvchecks.com/ (recreational vehicles) and http://truckchex.com/ (commercial trucks).
Sparta's Municipal Leasing Division (http://spartamunicipal.com/) offers and administers a specialized municipal leasing program for local and state agencies. The Company is dedicated to serving jurisdictions with small and growing vehicle fleets who seek 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 a municipality requires. The Municipal Leasing Division also works with larger jurisdictions to provide competitive leasing facilities for specific segments of their fleet portfolio.
Forward-Looking Statements
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, 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.
Company Contact:
Sandra L. Ahman
Corporate Secretary
Sparta Commercial Services, Inc.
sandy@spartacommercial.com
800-882-0778
Investor Relations/Media Contact:
Phillip Sugarman
Vice President, Investor Relations
psugarman@irpartnersinc.com
818-280-6801