Sparta Commercial and Allstate Insurance Agreement Offers Peace of Mind for Riders
13 Febbraio 2014 - 2:45PM
Marketwired
Sparta Commercial and Allstate Insurance Agreement Offers Peace of
Mind for Riders
History Reports Help Sale and Purchase of Pre-owned
Motorcycles
NEW YORK, NY--(Marketwired - Feb 13, 2014) - Sparta Commercial
Services, Inc. (OTCQB: SRCO) announced a reciprocal marketing
agreement with Allstate Insurance Company. As part of the
agreement, Sparta's Cyclechex online motorcycle history reports
will be available to Allstate customers and non-customers who are
considering the purchase of a pre-owned motorcycle or are selling a
motorcycle and wish to provide assurance to potential buyers.
Allstate will also have the option to offer its insurance products
to Cyclechex customers.
Under the agreement, Allstate will provide a prominent placement
and recommendation for Cyclechex on the Allstate Rider News page
(www.allstateridernews.com/offers). Conversely, Sparta will
establish a signature presence for Allstate insurance products on
the Cyclechex website (www.cyclechex.com).
A Cyclechex report can be purchased by clicking on the Cyclechex
link on the Allstate Rider News website, entering the 17-digit
Vehicle Identification Number (VIN), and, for a reduced fee,
retrieve the available historical title information immediately,
regardless of the vehicle's country of origin. Cyclechex reports
allow users to instantly see a motorcycle history report, which may
include VIN decoding, disclosed damage, salvaged or stolen titles.
The reports gather their data from multiple sources, including, but
not limited to, governmental agencies, in order to provide the most
current information available.
"This relationship will help in our effort to provide the best
possible customer experience to existing and potential customers
from their initial purchase to the sale of their motorcycle," said
Jeff Sadler, Allstate powersports line manager. "Assuring
customers' buying decisions will provide peace of mind, just like
our motorcycle policy does as they enjoy the ride."
Cyclechex, a leading online source for title history information
about previously owned motorcycles, provides data about a
particular motorcycle's title history, including reported damage,
last reported odometer reading, salvaged or rebuilt title, reported
theft, recall history, and more.
Cyclechex history reports have been purchased by consumers in
all 50 states, the District of Columbia, and 47 foreign countries.
Cyclechex sales have grown steadily year after year since the
product was introduced in 2010.
"This relationship with Allstate Insurance represents another
important milestone for our Cyclechex product, and a particularly
significant one," said Anthony Havens, Sparta's CEO. "To be aligned
with such a powerful brand as Allstate is something we are
especially proud of. We're confident that the cross-marketing
activities will prove to be highly beneficial to both
companies."
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. is a New York-based technology
company that originally focused primarily on providing consumer and
municipal financing to powersports, recreation, and auto
industries. Through its subsidiary, Specialty Reports, Inc., the
Company now offers a range of online tools and products that
include a Mobile App product for Powersports, Recreational Vehicle,
Watercraft, and Auto dealers, which allows the dealers to manage
their own custom dealer mobile applications that are made available
on multiple platforms such as iPhone, iPod Touch, iPad, Android
Mobile, Android Tablet and Kindle Fire, giving consumers access to
the dealerships' inventory, sales and service departments, hours,
locations, special events and more (www.specialtymobileapps.com);
Cyclechex, providing Motorcycle History Reports
(www.cyclechex.com); RVChecks, providing Recreational Vehicle
History Reports (www.rvchecks.com); CarVINreport, providing
Automobile and Light Truck History Reports (www.carvinreport.com);
and Truckchex, providing Heavy Duty Truck History Reports
(www.truckchex.com). All of the vehicle history reports cited above
are designed for consumers and retail dealers as well as for
auction houses, insurance companies and banks/finance companies.
Sparta continues to administer an ever-growing Municipal Leasing
Program for local and/or state agencies throughout the country
seeking 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 required.
Sparta is an innovative and diversified Company dedicated to
identifying the needs and interests of its targeted markets, and
developing products and services specifically designed to meet
those needs and interests now, and well into the future.
Forward-Looking Statements
This news release contains forward-looking information within
the meaning of federal securities regulations. These
forward-looking statements include statements related to the
possible outcome of this case or any other litigation. These
forward-looking statements involve risks and uncertainties,
including those described from time to time in the Company's
filings with the Securities and Exchange Commission (SEC) that
could cause the actual results to differ materially from those
anticipated by these forward-looking statements. In particular, the
ultimate outcome of this case or any litigation is always uncertain
and may differ materially from what is currently anticipated. The
Company assumes no obligation to update any forward-looking
information contained in this press release.
Contact: Sandra L. Ahman Corporate Secretary Sparta Commercial
Services, Inc. sandy@spartacommercial.com
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