Sparta to Provide Private-Label Financing for E-TON America

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Surface Tec Ass	LSE:SRTA	London	Ordinary Share	GB00B2459Q32	ORD 2P (ASSD SUMITOMO PRECISION CSH)

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Surface Tec Ass (LSE:SRTA)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Surface Tec Ass Charts.

Sparta to Provide Private-Label Financing for E-TON America E-TON America Signs With Sparta Commercial Services for Leasing and Retail Installment Financing NEW YORK, Sept. 15 /PRNewswire-FirstCall/ -- Sparta Commercial Services (OTC:SRTA) (BULLETIN BOARD: SRTA) and E-TON America today announced an agreement that will provide programs for consumer financing and leasing for all E-TON branded scooters and ATVs imported into the U.S. The agreement between Sparta and E-TON America will be the third such program that Sparta has recently entered into with U.S.-based distributors of powersport vehicles manufactured overseas. According to Anthony Havens, CEO of Sparta, "The light vehicle segment of the powersports market is the fastest growing, and Sparta is pleased to be bringing these quality brands into the fold, offering the kind of consumer financing options that only the bigger names have enjoyed thus far." Doug Mahan, VP of E-TON America, says of the new program, "As outstanding as our growth has been over the last several years, we fully expect that this private-label program provided by Sparta will increase our sales dramatically." "The program will," Havens continued, "offer leasing and/or retail installment programs to E-TON customers at rates and with terms that these types of units rarely had available until now. Too often, consumers had to make these purchases with credit cards, and the credit card interest rates for these purposes are much too high. But with this new program, dealers will be able to move more product and have more satisfied and loyal customers, and that's what this business is about." The program will be run through a customized financial services website built by Sparta exclusively for the nearly 700 E-TON dealers throughout the United States. Dealers will process all transactions online, including consumer contract downloading, and have real-time access to the growing database of customers on an on-going basis. According to Havens, "Our criteria, along with an extremely knowledgeable team of credit analysts, is sure to result in an appreciably higher bottom line every year for E-TON America and its entire dealer network." Mahan then added, "Our dealers have been hoping for this kind of program for a long time, and they couldn't be more excited now that it's finally happening." Sparta Commercial Services (http://www.spartacommercial.com/), a New York-based company, is an independent financial services group exclusively dedicated to the U.S. powersports industry. E-TON America (http://www.etonamerica.com/) is the South Carolina based exclusive importer of E-TON scooters and ATVs. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, amount of, obtaining and satisfying terms of credit lines, competition, financing and commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. DATASOURCE: Sparta Commercial Services CONTACT: Ed Menken, VP of Sparta Commercial Services, 1-888-439-0200, or Doug Mahan, VP of E-TON America, at +1-864-595-9888 Web site: http://www.spartacommercial.com/ http://www.etonamerica.com/ x

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SRTA Surface Tec Ass