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Cambridge, OH Latest City to Join The Sparta Commercial Municipal Lease Program

Parent Category: ROOT Created: Thursday, 20 September 2012

NEW YORK, Sept. 20, 2012 -- Sparta Commercial Services, Inc.
(OTCBB:SRCO) today announced that the City of Cambridge, Ohio has become the
fifth municipality in the state of Ohio, and the latest jurisdiction in the
country to become a participant in Sparta's continually growing Municipal
Lease Program.

Cambridge, Ohio, like numerous other municipalities before them, decided that
Sparta's Municipal Lease Program was a better, more economical choice when it
came to replacing the Dodge Charger Police Cruisers in their police department
fleet with new 2012 models. The Sparta program allows any state, city, county,
or local jurisdiction to acquire the essential equipment they need, and to pay
for it over time, rather than the traditional "all up-front" purchasing
method. With the Sparta alternative, governmental agencies can acquire
virtually any type of asset class, from busses to trucks, EMS, fire equipment,
police motorcycles, cruisers, tactical vehicles, surveillance equipment, and
more, while conserving funds in their annual budgets.

Nolan Gierhart, Fleet Manager at Coughlin Chrysler Dodge Jeep Ram in
Marysville, Ohio, the vendor for the vehicles for this transaction, said,
"This is our third experience working with Sparta's Municipal Lease Division,
and it continues to be seamless. They really understand the dealer's position
in these types of transactions, and they make the process smooth and easy."

Suellen Johnson, the City of Cambridge Auditor, added, "Although this is our
first time working with the Sparta program, their highly professional and
knowledgeable staff made it easy and comfortable for us. I definitely look
forward to working with them again in the future."

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 manage their own custom dealer 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 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.