SOURCE: Sparta Commercial Services, Inc.

January 19, 2010 08:30 ET

Sparta Commercial Hires Top Law Enforcement Expert as Strategic Consultant

NEW YORK, NY--(Marketwire - January 19, 2010) - Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced the hiring of Joseph C. Peters, Esq., as a Strategic Development Consultant focusing primarily on expanding Sparta's already established Municipal Leasing Program.

Commenting on the appointment, Anthony Havens, Sparta's CEO, said, "Given Sparta's commitment to more broadly offer its Municipal Leasing Program to local, city, and state law enforcement agencies throughout the country, Joe's understanding of the competitive landscape, along with his long-standing relationships in this arena, will be invaluable. We are honored that he has chosen to join the Sparta team."

"I've been familiar with Sparta for some time," Peters said, "and particularly impressed with their Municipal Leasing Program. This program offers appropriate police and other governmental organizations an extremely valuable alternative to the traditional way of purchasing items like motorcycles to tactical vehicles, fire and rescue units to ambulances, and more. And in these very difficult budgetary times for those agencies, Sparta's Municipal Leasing Program can reduce the annual capital outlays and allow the agencies to pay for the equipment over extended periods of time. I'm very enthusiastic about this relationship and proud to be a part of this forward thinking and innovative company."

Joe Peters is an internationally recognized expert on high-level security, intelligence, surveillance and protection systems. Joe consults for national and international law enforcement organizations on counter-terrorism and related technology issues. He is a member of the International Association of Chiefs of Police, and serves on its Terrorism Committee. He brings a wealth of experience from his 30-year career in public service, first as a police officer, then as Executive Deputy Attorney General of Pennsylvania and Special U.S. Department of Justice Mafia Prosecutor. Most notably, he served President George W. Bush in the White House's Drug Policy Office (commonly referred to as the Drug Czar's Office) as the Assistant Deputy Director for State and Local Affairs where he supervised the country's High Intensity Drug Trafficking Area (HIDTA) Program, and was the Liaison to Office of Homeland Security Director Tom Ridge and the White House Office of Homeland Security. Previously, Mr. Peters joined the Clinton White House, to direct the country's 26 HIDTA's, with an annual budget of a quarter billion dollars. Mr. Peters also represented the White House with police, prosecutors, governors, mayors and many non-governmental organizations.

Headquartered in New York City, Sparta Commercial is a financial services company primarily focused on the powersports industry, with a variety of consumer financing and leasing products, as well as its Municipal Leasing Program.

About Sparta Commercial Services: Sparta Commercial Services is a New York-based, nationwide financial services company dedicated to the powersports industry, offering financing and leasing products to consumers and retail powersports dealers, as well as a variety of commercial products for governmental agencies that require motorcycles and other equipment for law enforcement activities.

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:

Contact Information

  • Contact:

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