News

Specialty Reports, Inc. Announces Strong Product Sales Increases

Year Over Year Performance Of Cyclechex, RVChecks and Specialty Mobile Apps Cited

NEW YORK, May 15, 2012 /PRNewswire/ — Specialty Reports, Inc. (www.specialtyreportsinc.com), a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO), today announced that it achieved a substantial increase in sales of 435% on a year-to-year basis for years ending April 30, 2012, over April 30, 2011.

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Cyclechex, Kelley Blue Book Team Up to Offer Motorcycle History Reports on KBB.com

Consumers Gain Access to Pertinent Pre-Owned Vehicle Data to Help Make Informed Purchase Decision

NEW YORK, Feb. 22, 2012 /PRNewswire/ — Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO), today announces that Cyclechex, its internet provider of Motorcycle History Reports, has a newly formed relationship with Kelley Blue Book, the leading provider of new car and used car information, to offer Motorcycle History Reports on Kelley Blue Book’s top-rated website www.kbb.com. Consumers contemplating the purchase of a pre-owned motorcycle now have the opportunity to view its history, dating back to model-year 1981.

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Specialty Mobile Apps Gains Traction; Specialty Reports, Inc. Product Rapidly Draws Buyers

NEW YORK, Aug. 25, 2011 /PRNewswire/ — Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO), today announced that since the recent launch of its Specialty Mobile Apps product the response from powersports, auto and recreational vehicle dealers has exceeded expectations, with orders for the unique mobile apps increasing every month.

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PowerSports Business Profiles SpecialtyMobileApps

NEW YORK, July 15, 2011 /PRNewswire/ — Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO) announced today that their mobile app product, specifically built for powersports, automotive, RV and marine dealerships, SpecialtyMobileApps.com, was profiled in an exclusive article in the July 11, 2011 issue of PowerSports Business magazine.

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Specialty Reports, Inc., a Subsidiary of Sparta Commercial Services, Sees Revenues Soar

NEW YORK, May 25, 2011 /PRNewswire/ — Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO), today announced that is has experienced a month over month average increase in revenues of thirty percent per month from December, 2010 through April, 2011, and is currently on track to see a fifty percent increase for May over April.

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Specialty Reports, Inc. Covers All Bases with Online Vehicle History Reports and Mobile App Products for the Auto, Powersports, and RV Industries

NEW YORK, April 20, 2011 /PRNewswire/ — Sparta Commercial Services, Inc. (OTCQB: SRCO) and its subsidiary, Specialty Reports, Inc. announced today that its family of online products introduced over the past several months will now be featured at a new website: www.specialtyreports.com.

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Sparta Commercial and Specialty Reports, Inc. Launch SpecialtyMobileApps.com

NEW YORK, April 12, 2011 /PRNewswire/ — Sparta Commercial Services, Inc. (OTCQB: SRCO) and its subsidiary, Specialty Reports, Inc., today announced the launch of SpecialtyMobileApps.com, the fourth and latest product offering by Specialty Reports, following Cyclechex.com, RVchecks.com, and CarVINreport.com, with the latter three exclusively dedicated to providing history reports for their respective types of vehicles.

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Sparta Commercial’s Subsidiary, Specialty Reports, Inc., Launches CarVinReport.com

New York. March 10, 2011. Sparta Commercial Services, Inc. announced today that its subsidiary, Specialty Reports, Inc. is launching its third product offering, CarVINreport.com, which will provide online auto history reports to consumers, car dealers, insurers, and others with an interest in knowing whether or not a particular vehicle has salvage or damage history, any record of theft, and additional important information.

While there are other online sources that offer similar information, CarVINreport.com will be less costly to consumers and dealers alike. To illustrate, the best known and most widely used provider of auto history reports charges car dealers a minimum monthly fee, in addition to the cost of each report, regardless of the number of reports purchased. CarVINreport.com will charge no minimum monthly fees and believes each report will cost less than the rate charged by other similar websites.

Specialty Reports, Inc.’s first product, Cyclechex.com, introduced in 2010, is an online source offering motorcycle history reports. Following Cyclechex, RVchecks.com was recently launched to provide recreational vehicle history reports for a large range of recreational type vehicles.

CarVINreport.com, like Cyclechex.com and RVchecks.com, requires a seventeen-digit Vehicle Identification Number (VIN) to be entered. Regardless of the country of origin, CarVINreport.com will produce virtually instantly a detailed auto history report of the car, van, or SUV, showing the recorded, salvage, rebuilt, flood or theft information, and other valuable data.

Speaking about the launch of CarVINreport.com, Anthony Havens, CEO of Sparta and Specialty Reports, Inc., said “When we launched Specialty Reports, Inc. in June, 2010 with Cyclechex.com as our initial product offering, we knew that we were filling a genuine need, especially among consumers and powersports dealers, and the response has been outstanding. We also knew at that time that there were several other similar products we wanted to bring to market. After recently launching RVchecks.com, CarVINreport.com is our newest product offering. In the case of auto history reports, there is competition. But we’ve identified segments of the market outside the dealer relationships that the competition already has in place. And we’re confident that with our low pricing, our commitment to excellent service, and our “no hassle” 100% money-back guarantee, CarVINreport.com will be highly successful.”

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc., www.spartacommercial.com, is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports and automobile dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment for the law enforcement and emergency response communities.

Our subsidiary, Specialty Reports, Inc. d/b/a Cyclechex, is in the business of offering online access to title histories and salvage information for various classes of previously owned assets. Cyclechex’s initial product release is the Cyclechex Motorcycle History Report.

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

Sparta Commercial and Specialty Reports, Inc. Look to be king of the road with the launch of RVchecks.com

New York. March 7, 2011. Sparta Commercial Services, Inc. today announced the launch of RVchecks.com, an online source for recreational vehicle history reports. RVchecks.com is now the second product offering by Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc., after Cyclechex.com, both of which provide valuable historical information about a given vehicle. RVchecks.com is designed to produce data for consumers, RV dealers, lenders, insurers, and other interested parties, about any previous reported damage or salvage occurrences, any reports of theft, manufacturers’ recall history, and other valuable information in order to give buyers the tools to make well-informed decisions about the purchases they’re considering.

RVchecks.com provides history reports on pre-owned motor homes, travel trailers, folding campers, and truck campers, simply by entering the seventeen-digit Vehicle Identification Number (VIN) of the unit at the RVchecks.com website, and paying a modest fee for the report. The data collected and aggregated by RVchecks.com is derived from multiple sources, including, but not limited to government agencies.

Commenting on the launch of RVchecks.com, Anthony Havens, CEO of Sparta Commercial and Specialty Reports, said “With the high cost of these types of vehicles, even if pre-owned, consumers will have the opportunity to learn vital facts that will make them more knowledgeable before they make such an expensive decision. We’re proud and excited about the business prospects for RVchecks.com.”

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc., www.spartacommercial.com, is a New York-based, nationwide financial services company offering financing and leasing products to consumers and retail powersports and automobile dealers. Sparta also serves municipal and governmental agencies nationwide with its Municipal Lease Program, which offers financing for essential equipment for the law enforcement and emergency response communities.

Our subsidiary, Specialty Reports, Inc. d/b/a Cyclechex, is in the business of offering online access to title histories and salvage information for various classes of previously owned assets. Cyclechex’s initial product release is the Cyclechex Motorcycle History Report.

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