Sparta Commercial Services, Alleging Fraud, Sues DZ Bank

NEW YORK, NY – January 23, 2013 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that it has initiated a lawsuit in the United States District Court for the Southern District of New York against the New York branch of DZ Bank, one of the largest banks in Germany.

The claims alleged against DZ Bank relate to a $25 million revolving credit facility issued to Sparta by DZ Bank to support Sparta’s business of financing and leasing motorcycles and other powersports vehicles.  Among other claims, Sparta seeks damages of $84 million for DZ Bank’s fraud and breach of its fiduciary duties.

Anthony Havens , CEO of Sparta, said:  “DZ Bank contracted with Sparta for the exclusive rights to provide Sparta with a $25 million credit facility for which we paid DZ Bank substantial six figure fees, and trusting the truth of what DZ Bank told us, we incurred substantial costs and losses which we seek to recover in this lawsuit, having learned that DZ Bank had its own, undisclosed internal issues, and misled us as to its intentions with regard to the credit facility.”

As the lawsuit was only recently commenced, the ultimate disposition of the lawsuit cannot now be determined.  Sparta makes no representation about the potential outcome of the lawsuit and there may be substantial costs incurred as a result of the prosecution of the lawsuit.

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based technology company that has roots in the powersports industry where it had originally focused primarily on providing consumer and municipal financing to powersports, recreation, and auto industries.  Through its subsidiary, Specialty Reports, Inc.,  the Company offers a range of online tools and products that include a Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto dealers, that allows the dealers to manage their own custom dealer mobile applications that are made available on multiple platforms such as iPhone, iPod Touch, iPad, Android Mobile, Android Tablet and Kindle Fire, giving consumers access to the dealerships’ inventory, sales and service departments, hours, locations, special events and more (www.specialtymobileapps.com); Cyclechex, providing Motorcycle History Reports (www.cyclechex.com); RVChecks providing Recreational Vehicle History Reports (www.rvchecks.com); and CarVINreport, providing Automobile and Light Truck History Reports (www.carvinreport.com).   All of the vehicle history reports cited above are designed for consumers and retail dealers as well as for auction houses, insurance companies and banks/finance companies. Sparta continues to administer an ever-growing 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 equipment 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:

Sandra L. Ahman
Corporate Secretary
Sparta Commercial Services, Inc.
sandy@spartacommercial.com

Forward-Looking Statements

This news release contains forward-looking information within the meaning of federal securities regulations. These forward-looking statements include statements related to the possible outcome of this case or any other litigation. These forward-looking statements involve risks and uncertainties, including those described from time to time in the Company’s filings with the Securities and Exchange Commission (SEC) that could cause the actual results to differ materially from those anticipated by these forward-looking statements. In particular, the ultimate outcome of this case or any litigation is always uncertain and may differ materially from what is currently anticipated. The Company assumes no obligation to update any forward-looking information contained in this press release.

SOURCE: Sparta Commercial Services, Inc.

 

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BRP Awarded 2012 “Ski of the Year” for the Sea-Doo RXP-X 260

VALCOURT, QC – June 29, 2012- (Motor Sports Newswire) - BRP received the “Ski of the Year” award from watercraft industry forum PWCToday.com for its new high-performance Sea-Doo RXP-X* 260 watercraft featuring the all new T-shape (T³) hull design and Ergolock system that better connects the rider to the machine.

“PWCToday.com’s six-person selection committee awarded an amazing 9.14 average out of 10 to the 2012 Sea-Doo RXP-X* and nearly a perfect 10 in the fun factor category,” said John Salvatore of PWCToday.com and the Watercraft Superstore.  “From the looks to the handling, every rider had nothing but praise for this watercraft.”

This is BRP’s second Ski of the Year award with the 2011 Sea-Doo GTI SE 130 model taking the top spot last year. This year, the 2012 Sea-Doo RXP-X* was judged side-by-side with the best new watercraft from the industry by a variety of riders of varying skill and experience levels in multiple categories. With its improved rider ergonomics and new hull design, the ability of the new Sea-Doo RXP-X* to allow riders to fully realize their performance potential led to high marks in overall fun.

“BRP focuses on elevating the consumer experience for every product we build. For many riders, the Sea-Doo RXP-X* redefines the high-performance watercraft,” said Yves Leduc, vice-president and general manager for the North America division. “Winning the second straight PWCToday.com Ski of the Year award chosen by real riders is the result of BRP’s dedication to developing designs and technologies that focus on improving the riders’ experience.”

The new Sea-Doo RXP-X commands attention on any waterway with an ominous visual appeal, the distinctive new ErgoLock system and the tight-turning T³ hull. BRP’s ErgoLock system received high praise for its angled footwell wedges and a gradually narrowing seat designed to better connect the rider to the watercraft. It reduces upper body fatigue by allowing the rider to ride with more confidence and less effort. BRP’s ErgoLock system compliments the tight turning aspect of the new, lean-in style T³ hull that test riders noted as providing near effortless turning capabilities.

“BRP continues to be a trendsetter,” stated Chris Dawson, vice-president and general manager, International division. “With the introduction of the Sea-Doo RXP-X* 260 watercraft, state of-the-art technologies designed to increase product performance allow BRP to maintain its status as the recognized industry leader in innovation.”

BRP’s Sea-Doo RXP-X 260 watercraft also won a 2012 Red Dot award earlier this year for product design in the transportation category. The Red Dot Design Awards is a prestigious international design competition in which more than 1,800 manufacturers and designers from 58 countries submitted a total of 4,515 product designs.

Bombardier Recreational Products Inc. (BRP), a privately-held company, is a world leader in the design, development, manufacturing, distribution and marketing of motorised recreational vehicles. Its portfolio of brands and products includes: Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and boats, Evinrude and Johnsonoutboard engines, Can-Am all-terrain and side-by-side vehicles and roadsters, as well as Rotax engines. BRP products are distributed in more than 100 countries.

*Model names may differ for international markets.

www.brp.com

Sea-Doo, Ski-Doo, Lynx, Evinrude, Johnson, Can-Am, Rotax, E-TEC, RXP, T³, Ergolock, GTI, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

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Specialty Reports, Inc. Announces Continuing Sales Growth For Its Specialty Mobile Apps Product

NEW YORK, NY – May 30, 2012 – (Motor Sports Newswire) – Specialty Reports, Inc. (www.specialtyreportsinc.com), a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCOD), today announced that market penetration of its Specialty Mobile Apps products and services among retail auto dealers is continuing to grow. Our unique mobile app, with a platform designed especially for auto, powersports, recreational vehicle (RV), motor home, and marine dealerships, can accommodate virtually every “smart” mobile device in today’s marketplace, including the iPhone, Android Phones, iPad, iPad 2, iPad 3, Android Tablets, and Kindle Fire. Our Specialty Mobile Apps (www.specialtymobileapps.com)   offer our clients the most dynamic, interactive, and effective method of communicating with their customers currently available, and although our products and services are quite affordable and well below the cost of most other mobile apps, Specialty Mobile Apps also guarantees our clients that any updates that become available will be at no additional charge.

Among the most recent auto dealers to acquire our Specialty Mobile Apps products and services are Bayshore Automotive (Tampa, FL), Lake Norman Chrysler Dodge Jeep (Cornelius, NC), Sayville Ford (Sayville, NY), Buckeye Nissan (Hilliard, OH), Lexus of North Miami (Miami, FL), Lexus of Pembroke Pines (Pembroke Pines, FL), Signature Automotive Group (Benton Harbor, MI), Subaru of Pembroke Pines (Pembroke Pines, FL), F.C. Kerbeck (Palmyra, NJ), and the Jeff Wyler Group (with eleven dealerships in Ohio, Kentucky, and Indiana).

Commenting on the acceptance of our Specialty Mobile Apps in the retail auto sales industry, Anthony Havens, Sparta Commercial and Specialty Reports CEO, said “Mobile app technology is simply the most advanced and effective method for dealers to stay in touch with their customers, enhance their messaging capabilities, and benefit greatly from the proactive nature of the mobile app and all of its marketing attributes. We’re looking forward to dramatically expanding our client base in 2012 and beyond, thereby maintaining our growing position in Mobile App technology for the market segments that are our focus.”

About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. is a New York-based technology company that has roots in the powersports industry where it had originally focused primarily on providing consumer and municipal financing to powersports, recreation, and auto industries.    Through its subsidiary, Specialty Reports, Inc. the Company offers a range of online tools and products that include a Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto dealers, that allows them to build and manage their own custom dealer application that will be available on multiple platforms such as iPhone, iPod Touch, iPad, Android Mobile, Android Tablet and Kindle Fire, giving consumers access to the dealership’s inventory, sales and service departments, hours, locations, special events and more (www.specialtymobileapps.com); Cyclechex, providing Motorcycle History Reports (www.cyclechex.com); RVChecks providing Recreational Vehicle History Reports (www.rvchecks.com); and CarVINreport, providing Automobile and Light Truck History Reports (www.carvinreport.com).   All of the vehicle history reports cited above are designed for consumers and retail dealers as well as for auction houses, insurance companies and banks/finance companies. Sparta continues to administer an ever-growing 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 equipment 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:
Sandra L. Ahman
Corporate Secretary
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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SkyLINK Introduces Advanced Theft-Recovery Solution for Powersport Vehicles

GPS-enabled theft-protection system provides ultimate responsiveness to recover stolen motorcycles, ATVs, watercraft and other motorsport vehicles

PHOENIX, AZ – April 4, 2012 – (Motor Sports Newswire) - Inilex®, a leading provider of aftermarket telemetry solutions for vehicles, is extending its state-of-the-art vehicle theft recovery solution to the booming powersports market. The company today released SkyLINK PowerSport, an advanced vehicle recovery system that uses a combination of GPS, wireless and satellite technologies to track and recover stolen motorcycles, ATVs, watercraft, scooters, snowmobiles and other motorsport vehicles in real time.

SkyLINK PowerSport is a compact device that is discretely installed by a dealer on nearly any motorsport vehicle. The durable unit is water resistant, vibration resistant and dustproof to withstand even the toughest riding or storage conditions. Also, since it draws a negligible 4 microamps of power, it will not drain the battery.

As soon as a vehicle is reported stolen, SkyLINK’s 24/7 agents use cutting-edge GPS and cellular technologies to track it and provide its exact location to the police department. SkyLINK PowerSport works with all law enforcement agencies and, because it tracks powersports in real-time, the theft is reported to police as a high-priority crime. As a result, most SkyLINK-equipped vehicles are recovered within 24 hours, and many within minutes.

“Powersport vehicles have two strikes against them when it comes to theft – they’re easier to steal than cars because they can be placed in a truck bed, and they’re more difficult to recover because they can be easily hidden and their parts can be quickly altered,” said Michael Maledon, CEO of Inilex. “SkyLINK PowerSport tackles both of these issues by tracking its location whether it’s running or not, and ensuring the theft is reported as a crime in progress, triggering police to take immediate action.”

Monitor Your Powersport Vehicle Even When You’re Not Riding It

To help thwart theft, SkyLINK PowerSport automatically sets a Quick Fence early-theft detection perimeter around powersport vehicles when the ignition is shut off. If it moves without the owner’s knowledge, they are immediately notified by an email or text alert. The Quick Fence is disabled when the ignition is turned on. Additionally, SkyLINK Powersport offers an online dashboard called SkyLINK PROTECT that promotes safety by enabling owners to track their powersport vehicle’s location, speed and battery levels when others are using it. Using SkyLINK PROTECT, vehicle owners can set geographic and speed thresholds and receive text or email alerts when either is exceeded.

The Dealer Advantage

Dealers can also take advantage of SkyLINK PowerSport to track vehicles that are being test driven or used by employees, as well as to locate vehicles stolen from their lots. They can keep their inventory in check and account for every vehicle’s location at all times. Dealers using the SkyLINK monitoring service may also secure better terms from their bank lenders and insurance carriers because of the inventory management function.

SkyLINK PowerSport is now available through motorcycle, motorsports and car dealerships across the country at the time of vehicle purchase, and is good for the lifetime of the vehicle. The first year of the SkyLINK PROTECT subscription service is free of charge and it can be renewed for a low cost following that.

About Inilex

Inilex®, the industry-leading provider of intelligent telemetry solutions, combines the power of the Global Positioning System (GPS) with the flexibility of a best-in-class wireless messaging system to develop telemetry solutions for businesses and consumers alike. Inilex’s GPS products and applications allow clients to remotely monitor, control and track important assets such as vehicles via cell phones or the Internet. Inilex is online at www.inilex.com.

Contacts

For Inilex
Claire Mylott, 303-455-0933
claire.mylott@fourcornerscomm.com

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BRP Wins Fifth NMMA Innovation Award in Four Years with Sea-Doo RXP-X 260 Watercraft

MIAMI, FL – February 23, 2012 – (Motor Sports Newswire) – At the recent Miami International Boat Show, BRP continued its award-winning streak in the marine industry with its fifth National Marine Manufacturers Association (NMMA) Innovation Award in four years for its new high-performance 2012 Sea-Doo RXP-X 260 watercraft.

“BRP’s Sea-Doo ErgoLock seat, angled footwells, and T3 hull combine to create a PWC with incredible turning ability and maximum comfort designed to build confidence in its rider. It made me an instant expert,” said NMMA Innovation Award judge Alan Jones.

For the fourth consecutive year, BRP won the NMMA Innovation Award in the PWC, Jet Boats, and Pontoon Boats category. The all-new 2012 Sea-Doo RXP-X 260 watercraft follows the Sea-Doo GTI 130 model (2011 winner), Sea-Doo RXT-X 260 watercraft and BRP MOVE iCatch trailer (2010 winners), and the Sea-Doo GTX Limited iS 255 PWC (2009 winner) in BRP’s innovation awards legacy by introducing the next generation of high-performance watercraft that allows the rider to fully realize the performance potential with improved rider ergonomics and a new hull design.

“BRP redefines watercraft with the introduction of the Sea-Doo RXP-X 260* model, marking the next generation of high-performance PWC,” said Yves Leduc, vice-president – general manager, North America division. “Winning five of these prestigious NMMA Innovation awards in four years is a tribute to BRP’s dedication to developing designs and technologies that lead the marine industry and the boating public into the future.”

The new Sea-Doo RXP-X watercraft redefines the musclecraft segment with an ominous visual appeal from its flowing facet design, ram air intakes, large side grills and distinctive new ErgoLock system and tight-turning T3 hull. BRP’s Ergolock system includes angled footwell wedges and a gradually narrowing seat design to help better connect the rider to the watercraft. It reduces upper body fatigue by allowing the rider to ride faster, for longer periods of time. BRP’s Ergolock system complements the tight turning aspect of the T3 hull that features an innovative dual surface design that responds differently at high or low speeds. The new T3 hull shape combines soft and hard chines and adjustable sponsons with winglets and trim tabs that allow the watercraft to lean into corners, better maintaining entry and exit speeds after turns.

“BRP continues to be recognized for developing groundbreaking innovations that enhance the riding experience for our consumers’ around the world,” stated Chris Dawson, vice-president and general manager, International division. “This latest recognition for the new Sea-Doo RXP-X 260* watercraft reinforces BRP’s standing as the industry leader, both in terms of performance and safety.”

Bombardier Recreational Products Inc. (BRP), a privately held company, is a world leader in the design, development, manufacturing, distribution and marketing of motorised recreational vehicles. Its portfolio of brands and products includes: Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and boats, Evinrude and Johnson outboard engines, Can-Am all-terrain and side-by-side vehicles and roadsters, as well as Rotax engines. BRP products are distributed in more than 100 countries.

*Model names may differ for international markets.

www.brp.com

Sea-Doo, Ski-Doo, Lynx, Evinrude, Johnson, Can-Am, Rotax, RXP, T3 Hull, Ergolock, GTI, RXT, iBR, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

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Motorcycle-Superstore.com Renews $25,000 Year-End Points Fund and Returns as AMA Pro Flat Track Presenting Sponsor

DAYTONA BEACH, FL – January 31, 2012 – (Motor Sports Newswire) – As a follow up to last week’s announcement by AMA Pro Racing regarding an extension of Motorcycle-Superstore.com’s title sponsorship of the AMA Pro Road Racing SuperSport division, officials announced today that Motorcycle-Superstore.com has also renewed their partnership with AMA Pro Flat Track. The new contract names Motorcycle-Superstore.com as the Official Motorcycle Online Retail Store of AMA Pro Flat Track and presenting sponsor of the AMA Pro Harley-Davidson Insurance Grand National Championship and title sponsor of the AMA Pro Motorcycle-Superstore.com Pro Singles division. The 2012 AMA Pro Flat Track season will mark the third consecutive year of Motorcycle-Superstore.com sponsorship and with the company’s renewed support, AMA Pro Racing will once again distribute more than $25,000 to riders in the form of a year-end points fund.

“We are very proud of the close partnership that has grown between AMA Pro Racing and Motorcycle-Superstore.com since they first began their involvement with AMA Pro Flat Track in 2010,” said David Atlas, Chief Operating Officer of AMA Pro Racing. “The support and dedication that the company has shown to the rising stars in the Motorcycle-Superstore.com Pro Singles division through the year-end points fund is vital to the growth of the sport and is deeply appreciated by the entire paddock.”

As part of the agreement, Motorcycle-Superstore.com will have an expanded online presence in AMA Pro Racing’s website content and social media initiatives. Several lucky fans have already received Motorcycle-Superstore.com gift cards for winning sweepstakes held on AMA Pro Flat Track’s official Facebook page, and the two companies will be working together throughout the year to find new and creative ways to give back to fans.

“Flat Track is hands down, the best racing on the planet,” explains Tim Clark, Director of Sports Marketing for Motorcycle-Superstore.com. “The 2011 season produced some historic moments, including Shayna Texter becoming the first female rider to win an AMA Pro Grand National Flat Track race. Championships came down to the wire with titles determined at the last round of the series. For true Flat Track fans, it was a great year and we’re excited about another action-packed season in 2012.”

Following a thrilling 2011 season that came down to the final race of the year, Mikey Martin took home the top spot in the Motorcycle-Superstore.com Pro Singles standings and the $10,000 that came along with it. For the 2012 season, the $25,000 payout for the Motorcycle-Superstore.com Pro Singles Year-End Points Fund will be the same, guaranteeing that riders will still be battling it out when the series rolls into Pomona to close out the year. The pay structure for the award follows:
1st place, $10,000; 2nd place, $5,000; 3rd place, $4,000; 4th place, $3,000; 5th place, $2,000; 6th place, $1,000

The 2012 AMA Pro Flat Track season will kick off as part of the historic Daytona 200 Week. The AMA Pro Harley-Davidson Insurance Grand National Championship presented by Motorcycle-Superstore.com Expert Singles and AMA Pro Motorcycle-Superstore.com Pro Singles divisions take to the track in a set of one-day events on March 15 and 16, 2012 at the DAYTONA Flat Track, located just outside of the Daytona International Speedway’s east banking. For tickets, please visit
http://www.daytonainternationalspeedway.com
.

About Motorcycle-Superstore.com:
Motorcycle-Superstore.com is the #1 online retailer of motorcycle and powersports gear, accessories, parts and apparel in the United States. With well over a decade of experience serving the needs of riders of every style, Motorcycle-Superstore.com is constantly improving the shopping experience by providing the largest selection of motorcycle and powersports equipment from the most trusted brands in the industry, at the guaranteed lowest prices. Whether you ride street, dirt, dual-sport, ATVs, scooters, watercraft or snowmobiles, when you think gear, think Motorcycle-Superstore.com.

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Sparta Welcomes McCook, IL to Its Municipal Lease Program

NEW YORK, NY – January 4, 2012 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that McCook, IL has become the latest municipality to join Sparta’s Municipal Lease Program with the acquisition of new industrial maintenance equipment. The transaction also represents a further expansion of the asset class range that the Sparta Program can and will support, which includes police motorcycles and cruisers, tactical and utility vehicles, fire and emergency equipment, and virtually all types of essential equipment considered necessary by a given jurisdiction.

According to Sparta, the continuing growth of its Municipal Lease Program reflects a desire among an increasing number of municipalities across the United States to lower their annual capital outlays at a time when they are challenged by decreasing revenues but still require equipment for essential services. Sparta’s Municipal Lease Program offers municipalities the opportunity to conserve capital within their annual budgets.  Leasing the equipment allows for payments to be made over time, rather than paying the entire purchase price up front.

Derek Molis, McCook’s Director of Operations and Events, commented, “This was our first experience with Sparta’s Municipal Lease Division, and the people there were helpful and thoughtful, and worked closely with us through the entire process. They handled our leasing arrangement with an acute knowledge concerning governmental processes and procedures, and we are very pleased with the quality of their involvement.”

Joe Moran, representative for Atlas First Access Material Handling, the vendor  providing the equipment for the transaction, commented, “All I can say is that although this was our first experience with Sparta’s Municipal Leasing Program, their attention to detail, outstanding communications, and overall professionalism, was everything we could have hoped for. We hope to utilize their services more often with our other municipal clients.”

Summing up, Anthony Havens, Sparta’s CEO, said, “As we expand the asset classes of leasable equipment, and as we bring on an ever-increasing number of cities, states, towns and villages to our Municipal Lease Program, our commitment to the principle of providing a more cost-effective way for municipalities to acquire the essential equipment they need is continually reinforced. We understand the economic difficulties governmental agencies are facing, and whenever we can help with our Municipal Lease Program, we’re particularly pleased.”

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based nationwide, multi-product and services company focused primarily on the powersports, recreation, and auto industries. Through its subsidiary, Specialty Reports, Inc. the Company offers a range of much-in-demand online tools and products that include a competitively priced Specialty Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto dealers, utilizing the most advanced technologies currently available (www.specialtymobileapps.com); Cyclechex Motorcycle History Reports (www.cyclechex.com); RV Checks for Recreational Vehicle History Reports (www.rvchecks.com); and CarVin Report (www.carvinreport.com), with all of the vehicle history reports cited above designed for consumers and retail dealers. Sparta also offers consumer financing products through a nationwide network of powersports dealers, and an ever-growing 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 material 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:
Sandra L. Ahman
Corporate Secretary
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 Commercial Welcomes Essex Fells, NJ to its Municipal Lease Program

NEW YORK, NY – September 28, 2011 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that Essex Fells, NJ, has become the most recent jurisdiction to join the growing number of municipalities across the country that are utilizing Sparta’s Municipal Lease Program for the acquisition of their essential equipment. Essex Fells is the fifth New Jersey municipal agency—including the City of Newark—to join the ranks that have selected the Sparta Municipal Program to acquire the Harley-Davidson police motorcycles they require.

Sparta’s Municipal Lease Program is becoming increasingly popular among towns, cities, and other government entities throughout the United States as an alternative to the traditional “all cash up-front” method of acquiring their necessary equipment. The emerging preference for the Sparta program lies in the fact that it enables these governmental agencies to pay the cost of equipment over time and avoid the burden of having to place additional strains on limited annual budgets.  This is of critical value to these jurisdictions in these already difficult economic times.

Commenting on the transaction, Lieutenant Donald Allen of the Essex Fells Police Department said, “This is our first experience with Sparta’s Municipal Lease division and I can report that the entire process went smoother and easier than we could have hoped. We will consider Sparta for future leasing needs as well.”

Paul McGlynn, Operations Manager at Liberty Harley-Davidson in Rahway, NJ, which is the vendor that supplied the motorcycles for this and another Sparta transaction, added, “Working with Sparta’s Municipal Lease professionals is definitely a pleasure. They have a keen understanding of our needs, and they consistently make the transactions as simple and straightforward as possible.”

In closing, Anthony Havens, Sparta’s CEO, said, “Every time we’re able to help these critical agencies meet their equipment needs in a more economical way, we take special pride in accomplishing the task. Not only do these local governments deserve to have the newest and most reliable equipment available, they also deserve to have the most cost-effective means possible to meet their equipment needs and we know that we’re providing that for them.”

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based nationwide, multi-product and services company focused primarily on the powersports, recreation, and auto industries. Through its subsidiary, Specialty Reports, Inc. the Company offers a range of much-in-demand online tools and products that include a competitively priced Specialty Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto dealers, utilizing the most advanced technologies currently available (www.specialtymobileapps.com); Cyclechex Motorcycle History Reports (www.cyclechex.com); RV Checks for Recreational Vehicle History Reports (www.rvchecks.com); and CarVin Report (www.carvinreport.com), with all of the vehicle history reports cited above designed for consumers and retail dealers. Sparta also offers consumer financing products through a nationwide network of powersports dealers, and an ever-growing 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 material 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:

Sandra L. Ahman
Corporate Secretary
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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Specialty Mobile Apps Gains Traction

Specialty Reports, Inc. Product Rapidly Draws Buyers

NEW YORK, NY – August 25, 2011 – (Motor Sports Newswire) – Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO), today announced that since the recent launch of its Specialty Mobile Apps product the response from powersports, auto and recreational vehicle dealers has exceeded expectations, with orders for the unique mobile apps increasing every month.

As the business world continues to adopt mobile app technology, often paying many thousands of dollars for a customized app that will work with iPhone and Android devices, the Specialty Mobile Apps product (www.specialtymobileapps.com) enables businesses to have access to a revolutionary platform where they can build and manage their own mobile app easily and quickly, at a fraction of the customary cost. Building a Specialty Mobile App from the radically innovative platform requires no particular technical expertise; a myriad of customizable images and content features can be easily uploaded to a dedicated server from which the app can be “published” to the appropriate smart phone app platform.

Because of the depth of its knowledge and familiarity with the powersports, auto, and RV markets, Sparta Commercial and its subsidiary, Specialty Reports, Inc. decided to initially focus on the promotion of the Specialty Mobile App product to those market segments.  In addition to a number of automotive and RV dealers, a few early adopters in the motorcycle industry include:

• Big 4 Cycles & Marine – Indiana
• Adventure Harley-Davidson – Ohio
• Cowboy Harley-Davidson – Texas
• Thunder Tower Harley-Davidson – South Carolina
• Ray Price Harley-Davidson – South Carolina
• Ray Price Triumph – South Carolina
• Harley-Davidson of Ocean County – New Jersey
• American Motorcycle Trading – Texas
• Mad River Harley-Davidson – Ohio
• Superstition Harley-Davidson – Arizona
• Anthem Harley-Davidson – Arizona
• Prestonburg Honda – Kentucky

Commenting on the rapid acceptance of Specialty Mobile Apps within the targeted business categories, Anthony Havens, CEO of both Sparta and Specialty Reports, said “The unusually strong enthusiasm that we’re seeing every day from retail powersports, auto, RV dealers, and others about our new Specialty Mobile App is a powerful endorsement of the product’s value.  It reinforces our initial belief that we could develop and introduce a mobile app platform that could be utilized by almost anyone, at a cost that virtually any business can afford.”

About Specialty Reports, Inc.

Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. offers a range of much-in-demand online tools and products that include a competitively priced Specialty Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto dealers, utilizing the most advanced technologies currently available (www.specialtymobileapps.com); Cyclechex Motorcycle History Reports (www.cyclechex.com); RV Checks for Recreational Vehicle History Reports (www.rvchecks.com); and CarVin Report (www.carvinreport.com), with all of the vehicle history reports cited above designed for consumers and retail dealers.

About Sparta Commercial Services, Inc.

In addition to the variety of products marketed by Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc., Sparta also offers consumer financing products through a nationwide network of powersports dealers, and an ever-growing 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:

Sandra Ahman
Corporate Secretary
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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Michelin Man Visits WPS Headquarters

BOISE, ID – August 18, 2011 – (Motor Sports Newswire) – The Michelin Man recently stopped by the WPS headquarters in Boise, Idaho to help the WPS team market, sell, and ship Michelin motorcycle tires. The Michelin Man even found time to help at the FLY Racing Track Day held on the WPS motocross track. Thanks, Michelin Man!

For more information about WPS and its expanding list of brands and product offerings, or to become a WPS dealer, visit wps-inc.com.

About WPS
Based in Boise, Idaho, Western Power Sports (WPS) was incorporated in 1960 and distributes over 75,000 products, including offroad and street motorcycle, ATV, snowmobile, and watercraft parts and accessories to thousands of dealers nationwide. WPS is currently the fastest growing nation-wide delivery system of powersports industry products and delivers these products through its regional warehouse network, with locations in Boise, Idaho; Fresno, California; Memphis, Tennessee; Elizabethtown, Pennsylvania, and Ashley, Indiana. WPS strives to bring powersports dealers the best service, product, and delivery.

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