Business News • MarketWire • Sparta Forecasts 20% Growth in Its Municipal Lease Product for 2010 |
Sparta Forecasts 20% Growth in Its Municipal Lease Product for 2010 |
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Sparta Forecasts 20% Growth in Its Municipal Lease Product for 2010
NEW YORK, NY--(Marketwire - March 1, 2010) - Sparta Commercial Services, Inc. (OTCBB: SRCO) forecasts a twenty-percent rate of growth in its Municipal Lease Product during 2010. This projection is based on the growth experienced and figures achieved in 2009. Since expanding the asset classes that qualify for the Municipal Lease Product in September 2009, Sparta has received a noticeable increase in inquiries from manufacturers, vendors, dealers, and municipalities in various parts of the country and is pursuing those opportunities. The new asset classes eligible for the Municipal Lease Product include vehicles such as tactical armored units, electric-hybrid buses and police cruisers, and a wide variety of other essential equipment. As a result of the expanded Program and the growing volume of inquiries, the Company is anticipating the growth rate in its Municipal Lease Product will continue to a
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