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Sparta Commercial's Municipal Lease Program Featured at PoliceOne.com

Parent Category: ROOT Created: Tuesday, 07 May 2013

NEW YORK, May 7, 2013 -- Sparta Commercial Services, Inc. (OTCQB: SRCO) announced today that its increasingly popular Municipal Lease Program is now featured at PoliceOne.com, a leading law enforcement online publication.

The Sparta Municipal Lease Program, which provides budget easing financing to local jurisdictions for their essential equipment, has completed transactions with jurisdictions in sixteen states, mostly for the acquisition of police cruisers or motorcycles, but also including a variety of other enforcement related equipment. The Sparta program can accommodate virtually any type of asset, including busses, trucks, fire and emergency service vehicles, ambulances, mobile command units, surveillance equipment, tactical vehicles, and much more.

The great appeal of the Sparta Municipal Lease Program lies in the fact that it enables jurisdictions to spread out payments for the equipment over time, rather than having to budget, purchase, and pay for the items in a single year. This advantage gives municipalities throughout the country an alternative for the acquisition of their essential equipment by reducing the amount of capital outlays during a given fiscal year, and it explains why the Sparta program has been consistently gaining popularity among the nation's town, city, and county governments for several years.

PoliceOne.com presents news, information, services, and products of interest to law enforcement organizations, police personnel at all levels, and to agency administrators throughout the country. For anyone in or connected to law enforcement, PoliceOne.com is a "go-to" website for any relevant purpose or interest. Information about training, careers, grants, insurance, financing, current trends and even other police blogs is readily available at PoliceOne.com, which explains its huge following.

Anthony Havens, Sparta CEO, said, "We're proud and enthusiastic about this new relationship with PoliceOne.com, and happy to be a part of such an important source of information and value to the law enforcement community. We also believe that our Municipal Lease Program will gain even greater exposure through this relationship."

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 dealer to manage their own custom dealer mobile application 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 (www.spartamunicipal.com) 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. The company also partners with a provider to offer its customers merchant services as well as working capital and expansion loans.

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.

RELATED LINKS

http://www.spartamunicipal.com