Specialty Reports, Inc. Announces Continuing Sales Growth For Its Specialty Mobile Apps Product

NEW YORK, NY – May 30, 2012 – (Motor Sports Newswire) – Specialty Reports, Inc. (www.specialtyreportsinc.com), a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCOD), today announced that market penetration of its Specialty Mobile Apps products and services among retail auto dealers is continuing to grow. Our unique mobile app, with a platform designed especially for auto, powersports, recreational vehicle (RV), motor home, and marine dealerships, can accommodate virtually every “smart” mobile device in today’s marketplace, including the iPhone, Android Phones, iPad, iPad 2, iPad 3, Android Tablets, and Kindle Fire. Our Specialty Mobile Apps (www.specialtymobileapps.com)   offer our clients the most dynamic, interactive, and effective method of communicating with their customers currently available, and although our products and services are quite affordable and well below the cost of most other mobile apps, Specialty Mobile Apps also guarantees our clients that any updates that become available will be at no additional charge.

Among the most recent auto dealers to acquire our Specialty Mobile Apps products and services are Bayshore Automotive (Tampa, FL), Lake Norman Chrysler Dodge Jeep (Cornelius, NC), Sayville Ford (Sayville, NY), Buckeye Nissan (Hilliard, OH), Lexus of North Miami (Miami, FL), Lexus of Pembroke Pines (Pembroke Pines, FL), Signature Automotive Group (Benton Harbor, MI), Subaru of Pembroke Pines (Pembroke Pines, FL), F.C. Kerbeck (Palmyra, NJ), and the Jeff Wyler Group (with eleven dealerships in Ohio, Kentucky, and Indiana).

Commenting on the acceptance of our Specialty Mobile Apps in the retail auto sales industry, Anthony Havens, Sparta Commercial and Specialty Reports CEO, said “Mobile app technology is simply the most advanced and effective method for dealers to stay in touch with their customers, enhance their messaging capabilities, and benefit greatly from the proactive nature of the mobile app and all of its marketing attributes. We’re looking forward to dramatically expanding our client base in 2012 and beyond, thereby maintaining our growing position in Mobile App technology for the market segments that are our focus.”

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 build and manage their own custom dealer application that will be available on multiple platforms such as iPhone, iPod Touch, iPad, Android Mobile, Android Tablet and Kindle Fire, giving consumers access to the dealership’s 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.

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.