Sparta Commercial Services, Inc., the New York-based financial services company dedicated exclusively to the powersports industry, today announced dramatic in increase performance for the four months ending June 30, 2006, over the same period in 2005.

"We had an increase of 1,548% in the volume of actual fundings during the four month period ending June 30, 2006, over the same period in 2005," said Anthony Havens, chief executive officer of Sparta Commercial Services. "We are extremely pleased about these results. If our fundings continue to increase at the current rate, we will exceed our internal projections for the fiscal year ending April 30, 2007," said Havens. "Our current performance confirms our ability to generate an increasing volume of business from our existing dealer base, while increasing the number of registered Sparta dealers. At June 30, 2006 our base of registered dealers had increased by 354% over June 2005" Havens continued.

The company recently announced that it entered into an agreement with netLoan Funding, LLC, a provider of consumer and commercial finance options and lender management services for Internet auction and sale sites. The agreement directs users who successfully bid on or purchase specified powersports vehicles and wish to lease or finance those vehicles, to do so by being routed by netLoan Funding to a dedicated portal on the Sparta Web site, www.spartacommercial.com. Once there, the users will be able to complete online credit applications, be immediately approved or declined by our industry acclaimed, proprietary, web-based, credit application processing system, iPLUS™, and, if approved, conclude the process within minutes. "We expect to be fully operational with this program by the first of August," said Havens.

"We are proud that our innovations in the powersports financing marketplace are well-timed and well-received, and that our earlier expectation about the inevitable growth in this market segment is proving somewhat prophetic, particularly since the price of gasoline has recently resulted in a significant increase in consumer demand for scooters," said Havens. "Further, our anticipation of the growth in the motorcycle rental market has been validated, and the reception of our Lease-to-Rent program – which saves rental operators considerable capital and gives them a number of advantages over purchasing the same vehicles – has been better than projected." Sparta estimates that the potential market for its Lease-to-Rent program exceeds one hundred rental operators, with the largest franchiser projecting the acquisition of 2,000 vehicles in 2006.

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