SRCO Sparta Commercial Services Inc (PK)

Sparta Welcomes Candor, NC, as the 12th Jurisdiction to Join Its Municipal Lease Program in the Tar Heel State

NEW YORK, NY--(Marketwired - Jan 13, 2014) - Sparta Commercial Services, Inc. (OTCQB: SRCO) announced today that Candor, NC, has joined Charlotte, Greenville, Raleigh, and eight other local governments in North Carolina to select Sparta's Municipal Lease Program for the acquisition of their new Dodge Charger police cruisers to replace older units in its fleet.

Sparta's Municipal Lease Program continues to draw attention and gain popularity among local governments around the country because of how much more economical the program is for budget-minded officials and their need to stretch the tax dollars they have to allocate. Unlike the traditional method of up-front purchasing, and expending the entire amount of the item immediately, Sparta's Lease program enables the jurisdiction to pay the cost over time, and thereby relieve some of the typical budgetary pressures faced by department heads or controllers.

Sparta's Municipal Lease Program can accommodate virtually any essential equipment need for local or state government, from police motorcycles to cruisers, from busses to trucks, from surveillance systems to tactical vehicles, and more.

Commenting on the transaction, Phillip Hearne, Mayor of Candor, said, "Although this is our first experience working with Sparta, I can honestly say that the professionals in their Municipal Leasing Division were extremely helpful and made the process easy and painless."

The vendor for the transaction was Ilderton Chrysler Jeep Dodge of High Point, NC.

For more information about the Sparta Municipal Lease Program, visit www.spartamunicipal.com, or call 800-882-0778.

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. is a New York-based technology company that originally focused primarily on providing consumer and municipal financing to powersports, recreation, and auto industries. Through its subsidiary, Specialty Reports, Inc., the Company now offers a range of online tools and products that include a Mobile App product for Powersports, Recreational Vehicle, Watercraft, and Auto dealers, which 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); CarVINreport, providing Automobile and Light Truck History Reports (www.carvinreport.com); and Truckchex, providing Heavy Duty Truck History Reports (www.truckchex.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.

Contact: Sandra L. Ahman Corporate Secretary Sparta Commercial Services, Inc. sandy@spartacommercial.com