MISSISSAUGA, ON., December 17, 2008 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Sparta Commercial Services Inc. (OTCBB: SRCO.OB).
Sparta Commercial Services, Inc. is a national provider of financing solutions to the powersports industry. The company is currently the only nationwide full-service, independent, Web-based finance company offering a lease solution combined with the traditional retail purchase contract for the Powersports Industry. Headquartered in New York City, with its Dealer Support Group located in Houston, Texas, Sparta offers programs for manufacturers, distributors, and dealers. Sparta provides a full line of financing packages including indirect retail installment sales contracts and direct closed-end leases, as well as related services for individuals, fleets and municipal organizations.
SPARTA has revenue of $1.1 million for fiscal year 2008. Revenue increased 27% from 2007 to 2008. Operating income is negative for 2008; however, the trend of operating loss as a percent of sales decreased 45% from 2006 to 2008. Net loss declined 33% from $6 million in 2006 to $4 million in 2008. The company should have positive operating income by 2009 if the rate of operating loss decline continues.
Over the last few years, Sparta announced year-over-year increasing revenues of 365% from ‘06 to ’07. The first 9 months of 2008 saw a 38% increase in revenues over 2007's figures.
A complete SRCO profile can be viewed at: http://www.allpennystocks.com/aps_us/company_spotlights/archives/srco.asp
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Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Sparta Commercial Services Inc. (OTCBB: SRCO.OB); the amount is two thousand dollars and another two thousand dollars worth of barter services by a non-affiliated third-party, Acorn Management Partners, LLC. for its efforts in presenting the SRCO profile on its web site and distributing it to its database of subscribers as well as other services. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/aps_us/company_spotlights/archives/srco.asp.
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