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Sparta Commercial Welcomes Bridgeton, NC to Its Municipal Lease Program

Parent Category: ROOT Created: Tuesday, 19 July 2011

NEW YORK, July 19, 2011 -- Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that Bridgeton, North Carolina has become the latest jurisdiction to join the increasing number of municipalities as a client of Sparta's Municipal Lease Program. Bridgeton is now the ninth North Carolina agency utilizing the Sparta Municipal Program to meet its essential equipment needs, joining the cities of Charlotte, Greenville, and Raleigh, just to name a few.  The comprehensive asset pool is a mixture of police motorcycles and police squad cars.

The principal value of Sparta's Municipal Lease Program for municipalities across the country is that instead of having to purchase their vehicles or other essential and expensive equipment and paying the entire cost up front, the Sparta Lease enables these agencies to spread the cost over several years, thereby avoiding large capital outlays in a given budget year. This is the major attraction to the Sparta program for towns and cities that are struggling with the current economic climate and looking for ways to acquire the important equipment they need without large, up-front expenditures.

Commenting on his experience with Sparta's Municipal Lease Division, Bridgeton's Chief of Police, Steven Brown, said, "This entire transaction with Sparta has been outstanding.  Their professionalism and support made the process simple and pain-free. With the economy the way it is, it's not so simple acquiring updated, critical equipment.  I would definitely recommend Sparta to my colleagues throughout North Carolina and other jurisdictions outside our state."

Anthony Havens, Sparta's CEO, said, "We're excited to add yet another municipality in North Carolina to our roster of Municipal Lease clients, and we're pleased that Bridgeton chose Sparta as the financing source to meet their critical needs. Once again, a forward thinking jurisdiction recognized that our Municipal Lease Program is a smart, economical way to acquire essential equipment."

About Sparta Commercial Services, Inc.

Sparta 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.  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.

Contact: Dick Trotter


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.