SOURCE: Sparta Commercial Services, Inc.

August 23, 2013 10:00 ET

Specialty Reports, Inc. Launches Truckchex

NEW YORK, NY--(Marketwired - Aug 23, 2013) - Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc., (OTCQB: SRCO) announced today the launch of Truckchex, an online source for history reports on commercial and heavy duty trucks. The introduction of Truckchex (www.truckchex.com) follows Cyclechex, an online source for motorcycle history reports, and RVChecks, an online source for recreational vehicle (RV) history report. Those earlier released online products have been sold in every state in the United States, and the District of Columbia, as well as in forty-seven foreign countries.

With the simple entry of the seventeen character vehicle identification number (VIN), and the payment of a modest fee, the purchaser of the Truckchex vehicle history report will receive information about a particular truck's title history, including any reported damage, last reported odometer reading, salvage or rebuilt titles, reported theft, recall history, and more. The history reports are available for virtually every type of pre-owned truck, from semis to flatbeds, tow trucks to dump trucks, and more, and serve the interests of potential buyers, retail dealers and brokers, financing sources and insurance carriers. Given the often high cost of many of these vehicles, Specialty Reports, Inc. believes that a Truckchex vehicle history report offers great value and provides a level of comfort for both buyers and sellers.

Truckchex accesses a wide variety of sources for the consolidation of the data and information that appears in each of its reports, including state and county motor vehicle departments, police records, and others.

Commenting on the launch of the new Specialty Reports product, Anthony Havens, Specialty Reports and Sparta CEO said, "We weren't surprised by the success of our motorcycle and RV vehicle history report products and we decided that due to the frequently large investment that goes into commercial or heavy duty trucks, a relevant vehicle history report product should also prove very successful. Once again, our team looked for a new opportunity and recognized the great potential for online history reports for these classes of trucks. We're excited about the launch and we expect that this product will generate great interest and a solid new source of revenue for the company."

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 the dealers to manage their own custom dealer mobile applications that are made available on multiple platforms such as iPhone, iPod Touch, iPad, Android Mobile, Android Tablet and Kindle Fire, giving consumers access to the dealerships' 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.

Forward-Looking Statements

This news release contains forward-looking information within the meaning of federal securities regulations. These forward-looking statements include statements related to the possible outcome of this case or any other litigation. These forward-looking statements involve risks and uncertainties, including those described from time to time in the Company's filings with the Securities and Exchange Commission (SEC) that could cause the actual results to differ materially from those anticipated by these forward-looking statements. In particular, the ultimate outcome of this case or any litigation is always uncertain and may differ materially from what is currently anticipated. The Company assumes no obligation to update any forward-looking information contained in this press release.

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