SRCO is currently the only nationwide financial services company in the United States exclusively dedicated to the power-sports industry.
SRCO's spectrum of financing programs covers all major brands of motorcycles, virtually all semi customs, most ATVs, and select scooters.
SRCO is now expanding its established Municipal Leasing Program to local, city, and state organizations and law enforcement agencies throughout the country.
SRCO's expanded offerings permit it to capitalize on a growing market trend.
Local and State agencies faced with difficult economic challenges, do not have the necessary money in their budgets to keep up to date with all their equipment needs.
SRCO offers an alternative to the outright purchase of police cars, police motorcycles and other essential equipment that these agencies require.
SRCO's Municipal Lease Product is an attractive option since it makes it possible for agencies to spread the cost of equipment over time and still allows them to own the equipment outright at the end of the term of the lease.
More than 17,000 state and local law enforcement agencies operating in the United States will purchase 65,000 police cars each year, creating over $1.6 billion in annual sales.
These agencies will also purchase over 60,000 police motorcycles during the next five years, creating an additional $1 billion in sales over that time period.
SRCO's current goal is to capture a minimum of 1% of the estimated market for these vehicles, representing about $18 million worth of annual municipal lease funding.
These figures do not take into account other essential equipment that SRCO includes in its Municipal Lease Purchase Financing Program, such as the on-board digital video and data equipment used on these vehicles.
SRCO is currently working with major national suppliers of these assets to provide financing for these ancillary products.
SRCO has also established relationships with one of the four manufacturers of police motorcycles, which has recently given SRCO a presence at its corporate website as a recommended source for Municipal Lease Purchase Financing.
SRCO considers this a major advancement for its Municipal Lease Financing Program, and is actively engaged with two additional OEMs in an effort to form similar strategic alliances.
Today, the stock tested support at $0.02, but I am predicting it will bounce off these levels like it did in mid-February.
As this happens, SRCO could form a double bottom, a very bullish indicator.
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