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Sparta Commercial Services Inc. (OTCBB: SRCO) is a nationwide financial services company dedicated to the powersports industry, offering financing and leasing products to consumers and retail powersports dealers, as well as a variety of commercial products for government agencies that require motorcycles and other equipment for law enforcement activities.
Armet Armored Vehicles has chosen SRCO as the primary sales and financing option for Municipal Lease Purchases by local, county, and state governmental agencies that acquire specialty vehicles from Armet. Armet Armored Vehicles focuses on a market that represents $1 billion in the United States alone. In keeping with a conservative outlook of a 0.5% market penetration, this can generate a potential $5 million in annual Lease Purchase agreements for SRCO. Sparta expects this positive growth through the Lease Purchase option for Armet’s product line will enhance SRCO’s already growing Municipal Lease Financing Program. In these trying economic times for all levels of government, the combination of Armet Armored’s superior products, and SRCO’s Lease Purchase option, represents the ideal way for all appropriate agencies to keep up to date with their security and other law enforcement needs, while lowering the upfront capital outlays that traditional outright purchases require.
According to the Company, SRCO Municipal Lease Program is an ideal alternative to the traditional outright purchase of the police cars, police motorcycles and other essential equipment that these agencies require, especially during these difficult economic times. More than 17,000 state and local law enforcement agencies operating in the United States will purchase 65,000 police cars each year, creating over 1.6 billion dollars in annual sales. These agencies will also purchase over 60,000 police motorcycles during the next five years, creating an additional 1 billion dollars in sales over that time period. Sparta’s current goal is to capture a minimum of one percent of the estimated market for these vehicles, representing about 18 million dollars worth of annual municipal lease fundings. These figures do not take into account other essential equipment that SRCO includes in its Municipal Lease Purchase Financing Program, such as the on-board digital video and data equipment used on these vehicles. Sparta is currently working with major national suppliers of these assets to provide financing for these ancillary products as well.
About Sparta Commercial Services Inc.
Sparta Commercial Services, Inc., a specialized consumer finance company, engages in the purchase of retail installment sales contracts and origination of leases to assist consumers in acquiring new and used motorcycles, scooters, and 4-stroke all-terrain vehicles in the United States. The company offers commercial fleet leasing to dealers and owners of motorcycle rental fleets, as well as provides commercial equipment leasing to municipalities, including police motorcycles. It also offers private label programs for manufacturers and distributors; ancillary products and services, such as private label gap coverage; and repossessed vehicles and off-lease vehicles? remarketing services. The company was founded in 2001 and is based in New York, New York.
Visit Sparta Commercial Services Inc. (SRCO.OB) for more information at www.spartacommercial.com
Home Touch Holding Co. (OTCBB: HMTO) is one of the leading intelligent building, home, hotel, villa solution provider in Asia Pacific. Founded in 2004, HMTO is 2007 Hong Kong and Communications Technology Award winner.
HMTO creates new revenue streams in Asia Pacific Region, particularly the company design, patent and install cost effective intelligent building solution.
HMTO focus in both hardware and software plus integration of different brands.
The dedicated solution and products include but not limited to Novel Smart Switch, t.Home1, IP videoDoor Phone and Media Center Solution.
HMTO patents technology and solution, the solution use at home, office, school, hotel and hospital. They are also applied in industries such as education, hospitality, real estate, entertainment and healthcare.
The company has implemented an aggressive growth strategy with a clear focus on developing new technology and solution; HMTO creates new revenue streams for the Greater China Region, particularly in IP and wireless intelligent building related solution. HMTO’s business coverage from, Greater China Region, Asia Pacific region to Middle East Region.
About Home Touch Holding Co.
Home Touch Holding Co. (HMTO) is one of the leading providers of intelligent systems in the Asian Pacific. Based out of Hong Kong, HMTO is positioned to ride the growth of a relatively new, very promising industry. The market is often referred to as “home integration”, “smart home”, “intelligent home” but also applies to commercial, hotels and industrial as well. Home Touch Holding Co. develops, designs and provides “smart/intelligent” solutions to property developers and interior designers. Home Touch Holding Co. has partnered with Cisco, Microsoft and HP to create products and solutions for medium to enterprise scale projects. Home Touch Holding Co. developed IP Smart and launched together with Cisco Hong Kong. The partnership insured their products are fully integrated with the Cisco IP infrastructure.
Visit Home Touch Holding Co. (HMTO.OB) for more information at www.hometouch.asia
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