Sparta Commercial Services, Inc. (OTMKTS: SRCO) is an innovative high-tech company providing municipal financing, cryptocurrency payment gateways and custom mobile apps targeting a wide range of businesses from retailers to vehicle dealerships.
SRCO draws revenue from a variety of businesses. These include cryptocurrency payments, ways for municipalities to pay for essential equipment and how businesses connect with consumers through iMobile apps at retailers and dealerships. Keep SRCO stock on your Watch List as new technology payment methods are exponentially expanding and raising stock valuations.
MULTIPLE SUBSIDIARIES CREATE DIVERSE REVENUE STREAMS
SRCO has three subsidiaries in the newest strategies of payments:
— Sparta Crypto, Inc., has launched its first product: SpartaPayIQ™. It is a cryptocurrency payment platform that uses blockchain-based technology to allow businesses to accept digital coins such as Bitcoin, Ethereum, Dogecoin and others for payment.
Retailers would then have the option of either immediately converting the cryptocurrency to USD or keeping it. Sparta IQ enables retailers and consumers to enter into the dynamic new cryptocurrency payment space.
The platform will also be used by SRCO in future cryptocurrency-based products. It is available now on SRCO’s other retail sites such as New World Health Brands CBD.
Anthony Havens, Sparta’s CEO, says, “SpartaPayIQ™ provides a simple solution to a complex problem. How can businesses interact with cryptocurrency users while working with employees and vendors that have traditionally been paid in US dollars?” The Company says it has another related product in development and will launch it in the future.
IMOBILE SOLUTIONS, INC. OFFERS CUSTOMIZED MOBILE APPS AND WEBSITES
— SRCO also offers iMobile Solutions, Inc., a flexible developer of customized mobile apps and websites to a broad range of businesses. This is a flexible multi-revenue stream platform. It is applicable to businesses from restaurants to country clubs.
— It is also used by franchisees of brands such as Harley-Davidson® in motorcycles to John Deere agricultural vehicles such as tractors are included.
— On websites, it covers everything from hosting fees to SEO services and website design. It also can also include text messaging.
— Another revenue source is its widely used vehicle title comprehensive history reports. These have already been purchased in all 50 states and 61 foreign countries, the Company says.
MUNICIPAL GOVERNMENTS PROCURING A BUS OR POLICE CRUISER: TURN TO SRCO
— Sparta’s Municipal Financing Division offers flexible financing options for municipal governments which require essential equipment. It can be a bus, police cruiser, EMS equipment, or another essential service item. For state and local municipalities, Sparta offers a specialized municipal financing program. Recently, it says it added the Leon County Sheriff’s Department in Florida as an active client in its lease program to finance a fleet of Harley-Davidson™ motorcycles. It helped lower their annual capital outlays to acquire critical equipment.
SUBSIDIARY NEW WORLD HEALTH BRANDS OFFERS WELLNESS AND CBD
— In a unique twist, SRCO also markets online through New World Health Brands, Inc., online wellness and hemp-derived CBD products. In another diverse revenue stream, SRCO markets these specialized products online through its own sites.
— Products include conventional vitamins such as magnesium, zinc, boron, and iodine as well as hemp-derived CBD products such as oils, tinctures, capsules, and tablets.
Put SRCO stock on your Watch List because innovation for mobile apps, cryptocurrency and other new technology is already here and exponentially growing. This is a company with diverse and numerous revenue streams, from CBD to a cryptocurrency payment gateway.
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