Online Money Soldiers

NEW YORK, NY, Nov 22, 2010 (MARKETWIRE via COMTEX) –
Sparta Commercial Services, Inc.
/quotes/comstock/11k!srco
(SRCO
0.02,
+0.00,
+5.00%)
and its wholly owned
subsidiary Specialty Reports, Inc. DBA Cyclechex, the first and only
exclusive provider of online motorcycle history reports, today
announced the release of an updated version of its website. The
Company also reported that thirty industry related companies with an
online presence have joined the Cyclechex Affiliate Program in the
short time since the initial Cyclechex website first appeared.
Cyclechex is the initial product offering of Specialty Reports, Inc.,
a wholly owned subsidiary of Sparta Commercial Services, Inc. the New
York-based financial services company.

While Cyclechex initially targeted the motorcycle enthusiast consumer
market, the strong corporate interest that quickly emerged prompted
the Company to expand its focus to include a number of elements that
those parties were asking for. The new Cyclechex website makes the
purchase of motorcycle history reports much easier and more
satisfying to customers. Additionally, the new website is capturing
and making available to users a continuously expanding database of
information.

Commenting on the new version of the Cyclechex website, Anthony
Havens, CEO of both Sparta and Cyclechex, said, “Cyclechex is
committed to keeping its website fresh and progressively updated to
exceed the expectations of our customers. We’re especially pleased
that so many other online sources have decided to capitalize on the
value of the Cyclechex reports by becoming Affiliates. Additionally,
a significant number of industry leaders have shown interest in our
product and we look forward to establishing strategic alliances with
these companies in the future.”

About Sparta Commercial Services, Inc.
Sparta Commercial Services,
Inc.
/quotes/comstock/11k!srco
(SRCO
0.02,
+0.00,
+5.00%)
is a New York-based, nationwide financial services
company offering financing and leasing products to consumers and
retail powersports dealers. Sparta also specializes in the financing
of essential equipment and services for the law enforcement and
emergency response communities serving municipal and governmental
agencies nationwide with our Municipal Leasing Product. Additionally,
through Specialty Reports, Inc., a Sparta subsidiary, the company
owns and operates Cyclechex, the first and only source exclusively
for Motorcycle History Reports in the powersports industry. The
Cyclechex Motorcycle History Reports appeal to consumers, retail
dealers, lenders, auction houses, and insurance carriers.

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.

Contact:

Dick Trotter
COO
Sparta Commercial Services, Inc.
(212) 239-2666

SOURCE: Sparta Commercial Services, Inc.

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Article source: OMS News