TORONTO, ON / ACCESSWIRE / January 19, 2021 / Sparta Group's (TSXV:SAY) (the "Corporation" the "Company", "Sparta Group", "Sparta Capital" "SAY.V" or "Sparta") TruckSuite division has made transport truck breakdowns a lot less stressful, as well as less costly thanks to the introduction of a special stress-free Repair Financing program.
The most important variable in trucking is reliability so drivers can remain on the road, with their focus on the destination. Sadly, breakdowns do occur, and It can be a challenge financially when this happens. So, when a repair bill needs to be paid, TruckSuite is offering easy, worry-free repair financing, separate from the vehicle loan.
"No one plans to have a mechanical breakdown but being prepared in the event that it does happen is critical. As the old adage goes, time is money, and it can be costly to get stranded. And if you don't have the cash on hand to pay it is a relief to know that repair financing is a possible option," said Sparta's President, John O'Bireck.
TruckSuite's Repair Financing, which is presently available in the USA only, allows drivers to preserve operating capital, maintain good credit, and it allows for payback schedules that are more in line with an individual's revenue stream. The pre-qualification process takes just a few minutes.
"Trucks do a lot of hauling, but if they break down, their cargo still needs to be delivered. And if they don't have the cash to pay for the repair, they are at risk of not getting their freight delivered. This is exactly why we've tried to design programs, such as our exclusive repair financing program, to help keep the freight moving. Without repair financing, some truckers are risking their livelihood. What we've assembled is a program that won't break their bottom line; one that keeps them on track and at ease, should a sudden repair be required," said, Lynn Murphy, Chief Executive Officer for TruckSuite LLC.
In addition to this essential Repair Financing program, TruckSuite is also getting ready to offer a distinctive supplemental repair guarantee that protects both the owner of the truck and the lender through speedy repair service, no mater where a breakdown may occur.
Running your own truck and transport business can be very rewarding, but many who plan this type of career are crushed when they struggle to find good support tools like those TruckSuite has assembled. The TruckSuite team believes its programs, including their repair financing program, will enable more drivers to make their trucking dream a reality.
About TruckSuite
TruckSuite is a "technology based" innovative and comprehensive Owner Operator support program that is designed to offer the Owner Operator all truck ownership benefits typically only available to large fleets. TruckSuite not only promotes the health and safety of the vehicle, but also the health and safety of the driver by providing COVID-19 antimicrobial products and services. In addition, TruckSuite provides multiple benefits to carriers, truck dealerships, repair facilities as well as asset protection to lenders. Find us at www.trucksuite.com
About Sparta
Sparta Group (a.k.a. Sparta Capital Ltd.) is a technology-based company that owns or holds a controlling interest in a network of independent businesses that supply energy saving technologies designed to reduce energy inefficiencies, achieve reduced emissions and increase operating efficiencies in various industries. In response to the COVID-19 crisis, Sparta has also expanded its scope to help facilitate supply of necessary materials while assisting talented inventors who are looking to introduce innovative technical solutions that will bring greater normalcy to the post COVID-19 world. Sparta's network of independent businesses provides a wide range of specialized energy capturing, converting, optimizing, and related services to the commercial sector. Sparta provides capital, technical and engineering expertise, legal support, financial and accounting knowledge, strategic planning and other shared services to its independent businesses.
Sparta is a publicly traded company listed on the TSX Venture Exchange Inc. under the symbol "SAY" (TSX.V: SAY). Additional information is available at www.spartagroup.ca or on SEDAR at www.sedar.com.
For further information please contact:
John O'Bireck, President & CTO
Email: jobireck@spartagroup.ca
Telephone: (905) 751-8004
Cautionary Statements:
This news release contains "forward-looking information" within the meaning of applicable securities laws. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this news release and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation. These include, but are not limited to, the failure to obtain necessary regulatory approvals, necessary financing and risks associated with the environmental technologies industry in general. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Sparta Capital Ltd.
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