Sparta Commercial Services, Inc. reported rapid expansion of its nationwide powersports dealer network. To date, over 1,050 powersports dealers have signed on to our website, www.spartacommercial.com, downloaded, and submitted applications and are pending approval to become Authorized Sparta Dealers. To date, 257 of that number have been approved as Authorized Sparta Dealers. Customer credit applications submitted by these dealers are up 137% over last quarter and 293% over the first quarter last year with approval rates running in excess of 30%. These Authorized Sparta Dealers operate in all of the 31 states where the company is currently doing business.

Commenting on the accelerating expansion of its dealer network, Anthony L. Havens, CEO of Sparta, said that "The recent four-fold increase in our field marketing staff and our overwhelming reception at our first appearance as an exhibitor at the dealer only trade show, "Dealer EXPO 2006," in February, have given a big boost to our exposure to and acceptance by the industry. Over 20,000 people attended the 3 day dealer show with 285 dealer personnel receiving individual on-line demonstrations of our proprietary iPLUSTM credit decisioning system. We believe that this enthusiasm is a clear indication that our business model, which offers dealers and their customers a wider choice of financing options and greater flexibility than any of our competitors, will quickly catapult Sparta into a position of industry prominence."

"To assist in increasing our dealer base, we have, as recently announced, entered into third party marketing agreements with recognized industry leaders, Lemco Management Group (www.lemcomanagementgroup.com) and 700Credit, Inc. (www.700credit.com)." Havens added, "As well as introducing our finance and lease programs to their combined 900 dealer base, Lemco and 700Credit will assist in the training and servicing of our new and existing dealers."

"As further indication of our increasing presence," Havens said, "our web site www.spartacommercial.com has recorded a 250% increase in traffic over a year ago with over 10,500 ‘hits’ per day."

Havens then continued, "We couldn’t be more pleased, given the achievements of the last several months; first with our successful equity financing, followed by securing a senior credit facility and then the launch of iPLUSTM, our proprietary, Internet-based transaction processing system. With those milestones accomplished, and the outstanding response of dealers throughout the country, we believe that we are building a significant asset-based business that will soon occupy a particularly strong position in the financial services segment of the powersports industry. Indeed, more and more dealers tell us that they especially appreciate the fact that powersports financing is our only business. Those dealers indicate they receive better communications, better service, and a broader understanding of their needs from us than from any of our major competitors. Our fundamental goal for dealers is to enable them to achieve a meaningful increase in the number people who walk out of their dealerships with a contract in-hand."

Sparta’s nationwide dealer network includes franchises of every major brand, including BMW, Harley-Davidson, Honda, Kawasaki, Suzuki, Triumph, Victory, and Yamaha, as well as the increasingly popular semi-custom brands like American Iron Horse, Big Dog, and Saxon.

Powersports dealers interested in Sparta’s financing and leasing programs should visit the Sparta Web Site: www.spartacommercial.com or contact Sparta Dealer Services at (800) 882-0778.


About Sparta Commercial Services:
Sparta Commercial Services, Inc. (www.spartacommercial.com) is an Internet-based acceptance (sales finance) and leasing company dedicated exclusively to the powersports industry, concentrating on motorcycles over 600cc, 4-stroke all-terrain vehicles, and select scooters through private label programs for manufacturers’ distributors. Sparta provides a full line of financing solutions including indirect retail installment sales contracts and direct closed-end leases, as well as related services including GAP coverage and vehicle service contracts.

Contact:
A.L. Havens, CEO
Sparta Commercial Services, Inc.
(212) 239-2666 or alhavens@spartacommercial.com