Specialty Reports, Inc. Covers All Bases with Online Vehicle History Reports and Mobile App Products for the Auto, Powersports, and RV Industries

NEW YORK, NY – April 20, 2011 – (Motor Sports Newswire) – Sparta Commercial Services, Inc. (OTCQB: SRCO) and its subsidiary, Specialty Reports, Inc. announced today that its family of online products introduced over the past several months will now be featured at a new website: www.specialtyreports.com.

The four online products developed and now offered by Specialty Reports are:

  • Cyclechex for motorcycle history reports;
  • CarVINReport for auto history reports;
  • RVChecks for Recreational Vehicle history reports; and
  • SpecialtyMobileApps for customized mobile phone apps appealing to retail powersports, auto, and RV dealers throughout the country.

The initial product developed and released by Specialty Reports was Cyclechex.com. An online source for motorcycle history reports was launched in August 2010 and so far has sales in twenty-two countries, as well as all 50 U.S. states.

Launched in March 2011, CarVINReport.com and RVChecks.com offer valuable vehicle history reports for cars and RVs, respectively. Cyclechex.com, CarVINReport.com and RVChecks.com produce their vehicle history reports based upon the 17-digit Vehicle Identification Number that every production vehicle in the world has embedded somewhere on the vehicle.

Launched recently, SpecialtyMobileApps.com offers an innovative new mobile app platform that allows dealerships to easily and quickly develop their own customized mobile apps at a fraction of the traditional cost of development, implementation and maintenance.

Commenting on the rapid achievements of Specialty Reports, Anthony Havens, CEO of Sparta and Specialty Reports said, “From the beginning, we wanted Specialty Reports to be an incubator for innovation, bringing new and valuable products to market whenever and wherever we identified a need. We wanted our products to either fill a void or compete with similar products but with better quality and lower pricing. We’re proud of the outstanding progress we’ve made in such a short period of time and excited about the future of Specialty Reports.”

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment for the law enforcement and emergency response communities.

Our subsidiary, Specialty Reports, Inc., is in the business of offering value-added online tools to consumers and dealers in the automotive, powersports, RV, motor home, and marine industries.  SpecialtyMobileApps is the fourth product offering of Specialty Reports, Inc. and provides dealers and consumers with a highly customizable Smartphone application.  The first three products (Cyclechex Motorcycle History Report, RVchecks, and CarVINreport) offer online access to title histories and salvage information for various classes of previously owned assets.

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.