Cyclechex Mobile App 2.0.0 Now Available

NEW YORK, May 28, 2013 /PRNewswire/ -- Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCQB: SRCO), announces the introduction of its Cyclechex Mobile App 2.0.0 which will enable consumers, retail powersports dealers, and others to easily obtain a Cyclechex Motorcycle History Report directly from their smartphones, tablets or other mobile devices. The app can currently be downloaded for free from Apple's App Store for use on Apple iOS devices, including iPhone, iPad and iPod, and will be available for download from Google Play shortly for use on Android devices.

By entering a motorcycle's seventeen character vehicle identification number (VIN) and securely making a modest payment from their mobile device, the user can quickly determine whether there is a record of salvage or theft, whether the motorcycle was rebuilt, the last reported odometer reading, and more. The app can also scan any "QR" code, the increasingly popular digital unique identifier used in connection with countless items and information. Cyclechex App users will be able to establish an account, purchase and review detailed history reports for any powersports vehicle, and contact customer support directly from their mobile device.

Cyclechex Motorcycle History Reports, one of several online products offered by Specialty Reports, has already sold its history reports to buyers in every state in the United States plus the District of Columbia, as well as to buyers in forty-six foreign countries.  In addition to being available at www.cyclechex.com, the reports are available at www.NADAguides.com, www.kbb.com, www.DMV.org and via dealerships across the country. With the greater mobility and flexibility of the Cyclechex mobile app, users will be able to generate a history report wherever they are directly from their smartphone or other mobile device. For dealers attending an auction or consumers buying privately, access to the Cyclechex Motorcycle History Report is now easier than ever.  App users will be able to determine immediately whether or not there is a title blemish that will affect their purchase decision.  The Cyclechex Mobile App version 2.0.0, custom developed by Specialty Mobile Apps, Inc., clearly provides great value to its users.

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 dealer to manage their own custom dealer mobile application 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.  The company also partners with a provider to offer its customers merchant services as well as working capital and expansion loans.

Contact:

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.