SOURCE: Sparta Commercial Services, Inc.

November 22, 2010 13:13 ET

Cyclechex Launches Updated Version of Its Website and Welcomes Thirty New Affiliates

NEW YORK, NY--(Marketwire - November 22, 2010) - Sparta Commercial Services, Inc. (OTCBB: SRCO) 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. (OTCBB: SRCO) 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 Information

  • Contact:

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