March 11, 2010
SRCO, Sparta Commercial Services Inc., SRCO.OB
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.
In the current economic downturn where state governments have been borrowing from the Federal government simply to pay their debts, a new source of financing has come of age, leasing government necessities, thus freeing up needed cash for reserves.
SRCO has developed a leasing program that allows state municipalities to lease their Motorcycles and vehicles freeing up resources for other obligations.
SRCO has received a number of requests from local governmental agencies asking SRCO to finance vehicles such as armored tactical trucks, electric/hybrid passenger busses and police cruisers, as well as other essential equipment used by those municipal agencies. Last December the cities of Clovis, NM, Flagler Beach, FL, and Cocoa Beach, FL have become the latest cities to join the growing roster of local governments utilizing SRCO’s Municipal Lease Program. Additionally, the city of Caldwell, TX has renewed its municipal leases for a second term.
** Based on the growth experienced and figures achieved in 2009, SRCO forecasted a twenty-percent rate of growth in its Municipal Lease Product during 2010.
** IMPORTANT TO CONSIDER **
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.
Let’s check out these numbers conservatively: if SRCO captures a minimum of one percent of the estimated market for these vehicles, that represents a potential 18 million dollars worth of annual municipal lease revenue for the company. Remember, that’s a conservative 1 percent .
About this, 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.
Furthermore, SRCO is currently the only nationwide financial services company in the United States exclusively dedicated to the powersports industry.
SRCO’s spectrum of financing programs covers all major brands of motorcycles, virtually all semi customs, most ATVs, and select scooters.
A sample few include:
Aprilia, BMW, Buell, Ducati, Fischer, Harley-Davidson, Honda, Italjet, Kawasaki, Moto Guzzi, Piaggio, Yamaha and many more.
Let’s talk about just 1 of the brands SRCO’s financing program covers, Harley-Davidson expects to ship 201,000 to 212,000 Harley-Davidson motorcycles to dealers and distributors in 2010 which includes 52,000 to 57,000 during the first quarter of 2010 (Source: Harley-Davidson’s Form 10-K on 23-Feb-2010). Remember, that’s only Harley Davidson.
Can you see the TREMENDOUS Market potential SRCO’s financial services have to offer?
SRCO’s revenue and earning streams could be dramatically impacted in a positive way pretty soon, changing its trading levels to different place in no time.
Keep a close eye on SRCO from now on!!!!! As you’ve just read, SRCO’s financial services have a HUGE Market Opportunity.
More about SRCO at www.spartacommercial.com
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