ARI Named One of Wisconsin’s Fastest-Growing Public Companies

25 04 2013

Momentum sets the stage for sustained, profitable growth

MILWAUKEE, WI – April 25, 2013- (Motor Sports Newswire) – ARI Network Services (OTCBB: ARIS), a leader in creating, marketing, and supporting software, SaaS and DaaS solutions that connect consumers, dealers, distributors, and manufacturers in selected vertical markets, announced today that it was recognized in The Business Journal’s Top 25 List as one of Wisconsin‘s fastest-growing public companies.

“It’s an honor to be included in the Top 25 List this year,” said Roy W. Olivier , CEO and President of ARI. “Despite a sluggish economy in the vertical markets we serve, we have been able to successfully execute on our strategic growth objectives. We have a lot of momentum that sets the stage for sustained, profitable growth and I’m excited about our future,” added Olivier. “The progress we make every day is a direct result of our employees, customers and loyal shareholders hard work and support.”  According to Olivier, ARI has been on the Top 25 List in four out of the last five years.

The Top 25 List is published annually by The Business Journal . All public companies headquartered in Wisconsin with a stock price of $1 or more between February and April 2012, and positive revenue growth from fiscal 2011 to 2012 were considered for the list.  The information on each company is gathered by The Business Journal from annual reports and financial statements.

About ARI

ARI Network Services, Inc. (“ARI”) creates award-winning software-as-a-service (“SaaS”) and data-as-a-service (“DaaS”) solutions that help equipment manufacturers, distributors and dealers in selected vertical markets Sell More Stuff!™ – online and in-store. Our innovative products are powered by a proprietary library of enriched original equipment and aftermarket content that spans more than 10.5 million active part and accessory SKUs, 469,000 models and $1.7 billion in retail product value.  We remove the complexity of selling and servicing new and used inventory, parts, garments, and accessories (“PG&A”) for customers in automotive tire and wheel, powersports, outdoor power equipment, marine, RV and white goods industries. More than 22,000 equipment dealers, 195 distributors and 140 manufacturers worldwide leverage our web and eCatalog platforms to Sell More Stuff!™.

Forward-Looking Statements

Certain statements in this news release contain “forward‐looking statements” regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933.  All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements.  These statements are based on current expectations, estimates, forecasts, and projects about the markets in which we operate and the beliefs and assumptions of our management.  Words such as  “expects,” “anticipates,” “targets,” “goals,” “projects”, “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words, and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward‐looking statements are subject to a number of risks, uncertainties and assumptions that are difficult to predict, estimate or verify.  Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.  Such risks and uncertainties include those factors described in Part 1A of the Company’s annual report on Form 10‐K for fiscal year ended July 31, 2012, filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward‐looking statements. The forward‐looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward‐looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

For more information, contact:
Jon M. Lintvet , Chief Marketing Officer
ARI Network Services, Inc.
Phone: (414) 973-4300

Investor Contact:
Joe Dorame , Robert Blum , Joe Diaz
Lytham Partners, LLC
Phone: (602) 889-9700
aris@lythampartners.com

SOURCE: ARI

ARI Network Services

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ARI to Present at the LD Micro Conference on December 8, 2011

30 11 2011

MILWAUKEE, WI – November 30, 2011 – (Motor Sports Newswire) – ARI Network Services, Inc. (OTCBB: ARIS), a leading provider of technology‐enabled business solutions that help dealers, distributors and manufacturers in selected vertical markets increase revenue and reduce costs, announced today that it will present at the LD Micro Conference on Thursday, December 8, 2011 at 12:00 pm PST. The conference is being held at the Luxe Sunset Bel Air Hotel in Los Angeles, California.

Investors interested in arranging one-on-one meetings with the company can contact Lytham Partners at 602-889-9700.

About ARI

ARI Network Services (OTCBB: ARIS) is a leading innovator of SaaS solutions that serve several vertical markets with a focus on the outdoor power, powersports, marine, RV, and appliance segments. Solutions include eCommerce‐enabled websites, lead generation/lead management services, search engine marketing, and electronic catalogs (parts, garments, and accessories). ARI markets its products and services through multiple sales channels and geographic markets and currently serves approximately 18,000 equipment dealers, 125 manufacturers, and 150 distributors worldwide. ARI has customers in more than 100 countries with the primary market being the Americas served by multiple U.S. offices. The company also maintains sales and service operations in the Netherlands serving the EMEA and APAC markets. For more information on ARI, please visit our website at www.arinet.com.

For more information, contact:

Darin Janecek, Chief Financial Officer
ARI Network Services, Inc.
Phone: (414) 973-4300

Investor Contact:
Joe Dorame, Robert Blum, Joe Diaz
Lytham Partners, LLC
Phone: (602) 889-9700
aris@lythampartners.com

SOURCE: ARI Network Services, Inc.

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ARI Integrates FootSteps Lead Management Solution with PartSmart Parts Lookup Software

29 11 2011

Integration Helps Dealers Drive More Sales

MILWAUKEE, WI – November 29, 2011 – (Motor Sports Newswire) – ARI (OTCBB:ARIS), a leading provider of technology-enabled business solutions that help dealers, distributors and manufacturers in selected vertical markets increase revenue and reduce costs, announced today the integration of FootSteps™, its award-winning lead management solution, with PartSmart®, its premier parts lookup software.

This integration of crucial touch points gives dealers the opportunity to turn every consumer interaction into a long-term relationship. “With a simple click of the mouse, dealers can easily capture customer information in FootSteps at the time of a sale or service event, record make and model information, as well as keep track of parts orders and service quotes,” explained Catie Lukas-Ter Horst, Product Manager of eCatalogs at ARI.

“The integration of FootSteps and PartSmart and the resulting flow of data between these lead management solutions offers dealers a powerful value proposition in that they can now easily automate a consistent and professional series of communications that will keep their brand, products and services at the forefront of their customers’ mind. They can proactively engage targeted customers and suggest seasonal service, recommend or upsell maintenance plans or notify them of special offers and promotions in a highly cost-effective manner,” concluded Lukas-Ter Horst.

Studies show that companies prioritizing the customer experience generate 60% higher profits than their competitors.* “In the current economy, with the cost to acquire new customers six to seven times higher than the cost to retain existing ones, it has never been more important for dealers to nurture existing customers in order to grow their businesses,” added Lukas-Ter Horst.

PartSmart is used by more than 50,000 users worldwide and offers dealers the broadest and richest library of manufacturer content in the market. It is easy to use, resulting in the fastest way to find the right part the first time, especially for multi-line dealerships. PartSmart’s Internet Update Service enables users to download and install catalog updates as soon as they become available. PartSmart interfaces with more than 90 dealer business management systems to drive even greater efficiency.

FootSteps helps dealers, distributors and manufacturers build relevant customer relationships and generate more whole goods, parts, accessories and service sales. This easy-to-use solution helps users capture and distribute sales opportunities in real time, as well as target and nurture market prospects and customers. Unique in its ability to consolidate leads from multiple sources, its integration with PartSmart, websites and business management systems, FootSteps increases conversion rates. FootSteps makes it easy for users to track, manage, and report lead management activity – all from one solution with end-to-end automation.

About ARI

ARI (OTCBB:ARIS) was incorporated in Wisconsin in 1981 and is a leading innovator of products and solutions that serve several vertical markets with a focus on the outdoor power, powersports, marine, RV, and appliance segments. Products and services include eCommerce-enabled websites, lead generation/lead management services, search engine marketing, and electronic catalogs (parts, garments, and accessories).

ARI markets its products and services through multiple sales channels and geographic markets serving approximately 18,000 equipment dealers, 125 manufacturers, and 150 distributors worldwide. ARI has customers in over 100 countries with the primary market being the Americas served by multiple U.S. offices. The company also has a sales and service office in the Netherlands serving the EMEA and APAC markets.

For more information on ARI, please visit our Website at www.arinet.com.

Private Securities Litigation Reform Act

Statements in this news release that are not of a historical nature are considered “forwardlooking statements” within the meaning of the Private Securities Litigation Reform Act. The forwardlooking statements can generally be identified by words such as “believes,” “anticipates,” “expects” or words of similar meaning. Forwardlooking statements also include statements relating to the Company’s future performance, such as future prospects, revenues, profits and cash flow. The forwardlooking statements are subject to risks and uncertainties, which may cause actual results to be materially different from any future performance suggested in the forwardlooking statements. Such risks and uncertainties include those factors described in Part 1A of the Company’s annual report on Form 10K for fiscal year ended July 31, 2011, filed with the Securities and Exchange Commission earlier today. Readers are cautioned not to place undue reliance on these forwardlooking statements. The forwardlooking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forwardlooking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission

*Source: Gartner Group and “Leading on the Edge of Chaos”, Emmett C. Murphy and Mark A. Murphy

For more information, contact:

Cheryl Pabich, Director of Marketing
Phone: (414) 973-4426
Email: Pabich@arinet.com

SOURCE: ARI

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NADAguides Sees Substantial Traffic Growth with Powersports, Boat and RV Categories

4 08 2011

COSTA MESA, CA – August 4, 2011 – (Motor Sports Newswire) -

News Highlights

  • NADAguides, the most comprehensive new and used car, classic car, motorcycle, boat and recreation vehicle pricing and information resource online, announces its 2011 second quarter Traffic Trends Report – showing growth in consumer shopping activity and site traffic across new and used cars, classic cars, motorcycles, boats and RVs.
  • The new and used car section on NADAguides.com experienced a 10 percent increase in unique visitors since the beginning of the year and the month of June 2011 alone showed a 12 percent increase in unique visitors as compared to June 2010.  The 10 percent increase in traffic on NADAguides.com parallels industry reports of a 10 percent increase in new car sales for the first half of 2011 – demonstrating that consumers are utilizing NADAguides during their car buying process and taking that knowledge to the dealer lots.
  • The total number of unique visitors to NADAguides.com has also seen a double-digit increase since the beginning of the year with the number increasing an astounding 14 percent.
  • Interest in boats and personal watercraft saw a surge of consumer traffic in Q2, increasing 54 percent from Q1. Analysts attribute the majority of this growth to an increase in consumer demand for used boats compared to the same time last year – the month of June 2011 alone showed a 14 percent increase in unique visitors as compared to June 2010.  Boat dealers are finding it difficult to keep used boat inventory on their lots.  Boat and personal watercraft shoppers, in an effort to keep purchase costs down and still pursue their boating interests in tough economic times, are seeking out late model used boats and personal watercraft and the traffic within the Boat section of NADAguides is reflecting this same trend.
  • Site traffic for RVs has risen 29 percent since the beginning of the year.  NADAguides’ analysts note that this growth is primarily contributable to the lower than expected price of fuel, currently at a nationwide average of $3.69, as families are planning spring and summer camping vacations.  Fuel prices did not reach five dollars a gallon as many economists predicted, making RVs an affordable option for families to escape from daily activities and enjoy nature, while still having the creature comforts of home.
  • NADAguides.com has seen an increase of 23 percent in site traffic to motorcycles, ATVs and utility vehicles with consumers still able to find used units and late model new units within the range of affordability.  NADAguides’ analysts report these great deals are prompting buyers to take action and site traffic for the powersports section of the site confirms this hike in consumer shopping activity.  As consumer confidence continues to grow, the interest in motorcycles, ATVs and the like will also continue to spike, especially with smaller, entry level machines.
  • NADAguides’ analysts report a traffic growth of 10 percent to the Classic Car section since the beginning of the year as well.  A portion of this traffic increase can be attributed to the reliance on NADAguides vehicle pricing and information revolving around recent collectible car auctions such as the famous Barrett Jackson Classic Car Auction.  The auction, combined with a sluggish economy, brings new bidders that are taking advantage of the lower prices within the current collector car market.

Key Quotes

  • Troy Snyder, director of product development at NADAguides: “NADAguides.com has experienced exceptional growth since the beginning of the year as well as over last year’s traffic statistics.  This growth is expected to continue with the broadening of site content, heightened marketing efforts and the ability of the site to change and morph its content with the demands of each respective vehicle segment represented on the site.  We are the largest publisher of vehicle data online and in-market vehicle shoppers are responding to this all-encompassing presentation of new and used vehicle information.”

About the NADAguides Traffic Trends Report

The NADAguides Traffic Trends Report is an analytical review of millions of consumer behaviors and interest indicators on NADAguides.com for the year.  NADAguides’ Traffic Trends Report is an ongoing study, tracking and trending consumer research patterns and purchase intentions within the automotive, classic car, motorcycle, boat and recreation vehicle industries.

About NADAguides

NADAguides (http://www.nadaguides.com) is the largest publisher of vehicle pricing and information for new and used cars, classic cars, motorcycles, boats, recreation vehicles, and manufactured homes. NADAguides offers in-depth shopping and research tools in addition to the most market-reflective pricing available. The company also produces software, raw data, web services, web-syndicated products and print guidebooks.

Resources

 

Industries

  • Automotive – New and used
  • Classic car
  • Boat
  • Recreation vehicle
  • Motorcycle
  • ATV

SOURCE: NADAguides

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PowerSports Business Profiles SpecialtyMobileApps

15 07 2011

NEW YORK, NY – July 15, 2011 – (Motor Sports Newswire) – Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO) announced today that their mobile app product, specifically built for powersports, automotive, RV and marine dealerships, SpecialtyMobileApps.com, was profiled in an exclusive article in the July 11, 2011 issue of PowerSports Business magazine.

To view the article, click here.

About Specialty Reports, Inc.

Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. offers state of the art online tools and products that include a competitively priced Specialty Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Automotive dealers, utilizing the most advanced technologies currently available (www.specialtymobileapps.com); Cyclechex Motorcycle History Reports (www.cyclechex.com); RVchecks for Recreational Vehicle History Reports (www.rvchecks.com); and CarVINreport (www.carvinreport.com), with all of the vehicle history reports cited above designed for consumers, retail dealers, auctions and insurance companies. Sparta also offers consumer financing products through a nationwide network of powersports dealers, and a 50 state Municipal Leasing Program for local and/or state agencies throughout the country seeking a better and more economical way to finance their essential equipment needs, from police motorcycles and cruisers, to EMS equipment and busses, to virtually any type of materiel required. Sparta is an innovative and diversified Company dedicated to identifying the needs and interests of its targeted markets, and developing products and services specifically designed to meet those needs and interests now, and well into the future.

Contact:
Dick Trotter
COO
Sparta Commercial Services, Inc.
(212) 239-2666

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, obtaining, satisfying terms of, and amount 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. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC, which are available on its website at: http://www.sec.gov

SOURCE: Sparta Commercial Services, Inc.

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Manheim Financial Services Growing, Seeking Specialty Dealers to Finance

1 07 2011

Provides Specialty Dealers Key Financing Benefits
Tailored to Niche Markets

ATLANTA, GA – July 1, 2011 – (Motor Sports Newswire) – Manheim Financial Services (MAFS), the leading independent auto inventory financing company, is expanding its Specialty division and seeking Specialty dealers in need of financing.  The MAFS Specialty division finances Heavy Truck, Motorcycle and RV dealers with tailored floor plan options designed for their unique business needs.

“MAFS understands that Specialty dealers are operating in niche markets with unique financial situations,” said Karen Braddy, general manager, Manheim Specialty.  “MAFS offers important customizations to make the financing process easier and more efficient to help Specialty dealers buy and sell more units.”

MAFS’ benefits include competitive rates, 100 percent financing of auction purchase price, personalized customer service and extended terms ranging from 120 to 150 days of financing.  MAFS also aids dealers in working capital management and provides administrative services that save time and money.

Two specific financing programs are designed to complement dealers’ inventory financing needs for a wide array of Specialty units:

  • Heavy Truck program: Class 6, 7 and 8 trucks and vehicles with a Gross Vehicle Weight of 19,501 pounds and above
  • RV/Motorcycle program: Drivable units, tow-behind campers, trailers, 5th wheel trailers, ATVs and motorcycles

“From our experience, Specialty dealers are extremely strong operators with unique needs that traditional floor plans oftentimes cannot support,” Kathy Decker, group vice president, Manheim Financial Services.  “Their detailed knowledge of these niche markets makes them a perfect fit for MAFS. Our goal is work with Specialty dealers to identify ways our finance programs can help them sell more units.”

MAFS offers dealers inventory financing for use at Manheim – both in-lane and online – as well as at most National Auto Auction Association (NAAA) member auctions nationwide.  With the flexibility to use MAFS at more than 300 auctions, dealers can easily and quickly find the units they need almost anywhere. For more information about MAFS, please visit www.usemafs.com or call 1-877-USE-MAFS.

About Manheim Specialty Auctions
Manheim, the world’s leading provider of vehicle remarketing services, began hosting Manheim Specialty auctions to meet the growing needs of customers looking for used vehicles other than the traditional automobile. Today, Manheim offers customers access to 73 locations in North America, with 20 dedicated to selling Specialty units including boats, RVs, motorcycles, powersports, medium- to heavy-duty trucks, and construction and agricultural equipment.

By offering services such as full-service reconditioning, electronic condition reports, certification, title management, inspections, vehicle transportation, financing and dealer floor planning, Manheim helps customers realize the full value of their vehicles.

Customers can also take advantage of Mobile Specialty auctions that provide convenient, onsite sales and support at any location in North America. All vehicles are sold “in-lane” or “online” via Manheim Simulcast and OVE.com.

A complete list of Manheim Specialty auction locations can be found at www.manheimspecialtyauctions.com and www.manheimheavytruckauctions.com. For the latest news and information from Manheim Specialty, visit our blogs or follow us on Twitter at @ManheimSpclty.

Headquartered in Atlanta, Manheim is a subsidiary of Cox Enterprises, Inc., a leading communications, media and automotive services company.

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Specialty Reports, Inc., a Subsidiary of Sparta Commercial Services, Sees Revenues Soar

25 05 2011

NEW YORK, NY – May 25, 2011 – (Motor Sports Newswire) – Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO), today announced that is has experienced a month over month average increase in revenues of thirty percent per month from December, 2010 through April, 2011, and is currently on track to see a fifty percent increase for May over April.

Specialty Reports, Inc. has developed and is marketing four products; Cyclechex.com, the internationally accepted online source for motorcycle history reports; RVChecks.com, a leading online source for Recreational Vehicle history reports; CarVinReport.com, an online source for auto history reports; and SpecialtyMobileApps.com, a purveyor of highly advanced Mobile Apps for any type of company wishing to have the most effective communications system available for “smart phone” devices.  Initially, SpecialtyMobileApps is sharply focusing on retail powersports dealers, RV dealers, auto dealers, vehicle auction companies, and vehicle manufacturers. Capitalizing on the extensive knowledge and broad experience of its parent company, Sparta Commercial Services, Inc, which offers a variety of consumer and municipal financing products that touch each of the targeted vehicle segments, SpecialtyMobileApps, Cyclechex, RVchecks, and CarVinReport are all positioned to achieve high levels of success.

Commenting on the dramatic revenue growth of Specialty Reports, Inc. Anthony Havens, CEO of both Sparta and Specialty Reports, said, “When we formed Specialty Reports less than a year ago, our expectations were high, and with the successful launches of Cyclechex, RVchecks, CarVinReport, and most recently SpecialtyMobileApps, and the outstanding performance and acceptance of these products in the marketplace, our initial hopes are clearly being realized. We are now even more confident in our belief that based upon the recent trends as well as short and mid term projections, Specialty Reports will be successful, and that its product offerings will continue to generate increased revenues in the coming months and years.”

About Specialty Reports, Inc.

Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc., is in the business of offering value-added online tools to consumers and dealers in the automotive, powersports, RV, and motor home industries. This includes Cyclechex.com for motorcycle history reports, RVchecks.com for recreational vehicle and motor home history reports, and CarVinReport.com for auto history reports. SpecialtyMobileApps.com is the fourth online offering of Specialty Reports, Inc. and provides retail dealers, consumers, vehicle manufacturers, and vehicle auction companies with a highly customizable smart phone application that enables Specialty Reports’ client companies an opportunity to communicate with their customers, and others, in the most technically advanced and creative methods currently available.

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports and auto dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment especially for, but not limited to, the law enforcement and emergency response communities. Sparta Commercial Services, Inc. is also the parent company of Specialty Reports, Inc.

Contact:

Dick Trotter
COO
Sparta Commercial Services, Inc.
(212) 239-2666

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, obtaining, satisfying terms of, and amount 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. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC, which are available on its website at: http://www.sec.gov

SOURCE: Sparta Commercial Services, Inc.

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Sparta’s Shares Return to the OTC Bulletin Board

24 05 2011

NEW YORK, NY – May 24, 2011 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCBB: SRCO) is pleased to announce that effective with the opening of trading this morning, its shares  are now listed on the OTC Bulletin Board (OTCBB).

Over the past few months, many issuers including Sparta had their shares deemed ineligible for quoting on the OTCBB due to a lack of market makers.

Anthony Havens, CEO of Sparta, commented, “We wish to stress that the reason our stock was removed from the OTCBB in February was not related to our business, SEC reporting status or any similar matters as we were, and continue to be, a fully-reporting, SEC compliant public company.  Once we became aware of the situation, we promptly began the process to have our shares relisted, which we believe is in the best of interest of all our shareholders.”

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports and auto dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment especially for, but not limited to, the law enforcement and emergency response communities. Sparta Commercial Services, Inc. is also the parent company of Specialty Reports, Inc.

Our subsidiary, Specialty Reports, Inc., is in the business of offering value-added online tools to consumers and dealers in the automotive, powersports, RV, and motor home industries. This includes Cyclechex.com for motorcycle history reports, RVchecks.com for recreational vehicle and motor home history reports, and CarVinReport.com for automobile history reports. SpecialtyMobileApps.com is the fourth online offering of Specialty Reports, Inc. and provides retail dealers, consumers, vehicle manufacturers, and vehicle auction companies with a highly customizable smart phone application that enables Specialty Reports’ client companies an opportunity to communicate with their customers, and others, in the most technically advanced and creative methods currently available.

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, obtaining, satisfying terms of, and amount 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. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC, which are available on its website at: http://www.sec.gov

SOURCE: Sparta Commercial Services, Inc.

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Specialty Reports, Inc. Covers All Bases with Online Vehicle History Reports and Mobile App Products for the Auto, Powersports, and RV Industries

20 04 2011

NEW YORK, NY – April 20, 2011 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCQB: SRCO) and its subsidiary, Specialty Reports, Inc. announced today that its family of online products introduced over the past several months will now be featured at a new website: www.specialtyreports.com.

The four online products developed and now offered by Specialty Reports are:

  • Cyclechex for motorcycle history reports;
  • CarVINReport for auto history reports;
  • RVChecks for Recreational Vehicle history reports; and
  • SpecialtyMobileApps for customized mobile phone apps appealing to retail powersports, auto, and RV dealers throughout the country.

The initial product developed and released by Specialty Reports was Cyclechex.com. An online source for motorcycle history reports was launched in August 2010 and so far has sales in twenty-two countries, as well as all 50 U.S. states.

Launched in March 2011, CarVINReport.com and RVChecks.com offer valuable vehicle history reports for cars and RVs, respectively. Cyclechex.com, CarVINReport.com and RVChecks.com produce their vehicle history reports based upon the 17-digit Vehicle Identification Number that every production vehicle in the world has embedded somewhere on the vehicle.

Launched recently, SpecialtyMobileApps.com offers an innovative new mobile app platform that allows dealerships to easily and quickly develop their own customized mobile apps at a fraction of the traditional cost of development, implementation and maintenance.

Commenting on the rapid achievements of Specialty Reports, Anthony Havens, CEO of Sparta and Specialty Reports said, “From the beginning, we wanted Specialty Reports to be an incubator for innovation, bringing new and valuable products to market whenever and wherever we identified a need. We wanted our products to either fill a void or compete with similar products but with better quality and lower pricing. We’re proud of the outstanding progress we’ve made in such a short period of time and excited about the future of Specialty Reports.”

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment for the law enforcement and emergency response communities.

Our subsidiary, Specialty Reports, Inc., is in the business of offering value-added online tools to consumers and dealers in the automotive, powersports, RV, motor home, and marine industries.  SpecialtyMobileApps is the fourth product offering of Specialty Reports, Inc. and provides dealers and consumers with a highly customizable Smartphone application.  The first three products (Cyclechex Motorcycle History Report, RVchecks, and CarVINreport) offer online access to title histories and salvage information for various classes of previously owned assets.

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, obtaining, satisfying terms of, and amount 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. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC, which are available on its website at: http://www.sec.gov

SOURCE: Sparta Commercial Services, Inc.

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Sparta Commercial and Specialty Reports, Inc. Looks to Be King of the Road With the Launch of RVchecks.com

11 03 2011

NEW YORK, NY – March 7, 2011 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCQB: SRCO) today announced the launch of RVchecks.com, an online source for recreational vehicle history reports. RVchecks.com is now the second product offering by Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc., after Cyclechex.com, both of which provide valuable historical information about a given vehicle. RVchecks.com is designed to produce data for consumers, RV dealers, lenders, insurers, and other interested parties about any previous reported damage or salvage occurrences, any reports of theft, manufacturers’ recall history, and other valuable information in order to give buyers the tools to make well-informed decisions about the purchases they’re considering.

RVchecks.com provides history reports on pre-owned motor homes, travel trailers, folding campers, and truck campers, simply by entering the seventeen-digit Vehicle Identification Number (VIN) of the unit at the RVchecks.com website, and paying a modest fee for the report. The data collected and aggregated by RVchecks.com is derived from multiple sources, including, but not limited to, government agencies.

Commenting on the launch of RVchecks.com, Anthony Havens, CEO of Sparta Commercial and Specialty Reports, said, “With the high cost of these types of vehicles, even if pre-owned, consumers will have the opportunity to learn vital facts that will make them more knowledgeable before they make such an expensive decision. We’re proud and excited about the business prospects for RVchecks.com.”

About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc., www.spartacommercial.com, is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment for the law enforcement and emergency response communities.

Our subsidiary, Specialty Reports, Inc., is in the business of offering online access to title histories and salvage information for various classes of previously owned assets. RVchecks is the second product offering of Specialty Reports, whose initial product release was the Cyclechex Motorcycle History Report.

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, obtaining, satisfying terms of, and amount 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. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC, which are available on its website at: http://www.sec.gov.

SOURCE: Sparta Commercial Services, Inc.

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