Contact: Sandra L. Ahman Phone: (800) 882-0778 Ext-206 Fax: (646) 514-4483 Email: sandy@spartacommercial.com Website: investinsparta.com

Stock Price Alert: .375 on 11/8/11 Symbol: SRCO  Exchange: OTCBB  Industry Sector: Technology Employees: 10

Sparta Commercial Services, Inc. (SCS) is a result of a corporate reverse acquisition of Sparta Commercial Services, LLC, a Delaware limited liability company, by Tomahawk Industries, Inc., a Nevada corporation which took place on February 27, 2004. We subsequently changed our name to Sparta Commercial Services, Inc. on August 25, 2004.

In July 2005, the Company completed a $3 million private placement of units consisting of 6% Series A convertible, redeemable preferred stock, and three-year common stock warrants. In December 2005, Sparta commenced another $3 million private placement of common stock which closed at $3.4 million in March 2006 with an overallotment of $400,000.

Sparta’s initial operations were dedicated to the development of our proprietary iPLUS® credit decisioning and underwriting software, as well as our entire servicing platform. In March 2006, the Company obtained its initial source of bank financing and we commenced an aggressive roll out of our business model resulting in the signing-up of 800 plus authorized and independent motorcycle dealers in 33 states with another 1,200 dealers expressing interest in our programs. During this ramp-up period, we further commenced a municipal lease program to governmental agencies in all 50 states. And while our initial consumer credit line was terminated in 2008 as a direct result of the financial crisis, the municipal credit facility was not affected and, to date, that department has completed 90 transactions in 15 different states. We continue to actively seek new credit facilities for the consumer market.

 

While Sparta Commercial Services, Inc. (SCS) remains dedicated to consumer financing within the powersports market and continues to execute new contracts with a new and recurring municipal client base, the Company has entered exciting new sectors…

In May 2010 our subsidiary, Specialty Reports, Inc. (SRI) acquired all of the assets of Cyclechex LLC, which offered the motorcycle industry equivalent of Carfax®. Upon acquisition, SCS immediately upgraded, revised, and enhanced the process for obtaining vehicle data, and simplified the process for both dealers and consumers to obtain Motorcycle History Reports from Cyclechex. Additionally, SCS expanded the product offering to include not only the VIN verification, but also, accident, crash, and title history information. All of this information is now offered on the Cyclechex website in the form of the copyrighted Cyclechex Motorcycle History Report®. Subsequently, RV Checks History Reports and CarVIN Report were added to the product mix. To date, our sites have had visitors from over 120 countries, with report sales in 25 countries, including domestic purchases in all 50 states. The related websites can be found at: www.cyclechex.com, www.rvchecks.com, and www.carvinreport.com respectively.

Furthermore, In April 2011, SCS and SRI announced the launch of a new Mobile Application product for vehicle dealers, Specialty Mobile Apps. Our revolutionary application engine allows dealers to log in to our website and build their own custom dealer application. Dealers can upload images, choose colors, customize the items displayed, and create a fully branded experience. Once created, the mobile application is generated, packaged, and made available to the dealer’s customers through the Smartphone App Store. After an initial up-front development fee, further revenue is generated through a monthly maintenance fee that every dealer will pay as long as they are using the App. Since the beginning of product roll-out in June 2011, Specialty Mobile Apps have been sold to over 35 dealerships—with over 40 locations currently paying monthly fees—including dealers representing manufacturers such as Harley-Davidson Motorcycle Company and Lexus. Specialty Mobile Apps can be viewed at: www.specialtymobileapps.com.

 

Name	Title	Fiscal Year Pay	Biography
Anthony W. Adler	Executive VP and CFO		View Biography
Richard P. Trotter	Executive VP and COO		View Biography
Sandra L. Ahman	VP, Secretary and Director		View Biography
Anthony L. Havens	Founder, Chairman, and CEO		View Biography

5/30/2013 Westfield, NJ Joins Sparta Commercial's Municipal Lease... 5/28/2013 Cyclechex Mobile App 2.0.0 Now Available... 5/15/2013 Sparta Commercial Welcomes Christoval, TX Independent School...   View all news announcements for this company

52 Week High:	$1.75	Total Shares Outstanding:	10,108,834
52 Week Low:	$0.225	Public Float:	2,025,000
All time High:	$78.75	Earnings Per Share:	$(0.28)
All time Low:	$0.17	Book Value:	$(3,446,592)

  The Company is uniquely positioned within the Powersports Industry

  Our customizable Mobile App product for automotive and powersports dealers is enjoying first-mover status

  Our Specialty Reports, Inc. subsidiary has experienced increasing demand for its motorcycle and RV history reports

  After a three year decline, sales of motorcycles are up 5% over last year

  Low market cap relative to revenue, or 6 month revenue has increased 30% from prior year.

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All numbers in Thousands	Fiscal Yr Ends 4/2012	Prior Fiscal Yr Ends 4/2011	Recent Quarter Ends 1/2012
Revenues	$601,832	$513,768	$139,877
Pre-Tax Earnings (Losses)	$(2,150,333)	$(3,729,401)	$(653,450)
Total Cash	$74,075	$75,654	$73,530
Total Assets	$889,730	$1,487,553	$980,193
Total Liabilities	$4,336,321	$4,433,868	$4,542,241
Shareholders Equity	$(3,446,592)	$(2,946,315)	$(3,562,048)

• http://www.powersportsbusiness.com/features/2012/05/22/435-sales-growth-for-specialty-mobile-apps-pa

• http://www.bgr.com/2011/12/05/available-apps-across-major-mobile-platforms-approach-million-app-mile

• http://www.dealernews.com/dealernews/article/articleDetail.jsp?id=727979

• http://specialtymobileapps.com/p18x20-Motorcycle-PSB9_Layout%201.pdf