Sparta's Focus Pays Dividends

NEW YORK, NY, Jun 29 (MARKET WIRE) --
Sparta Commercial Services, Inc. (OTCBB: SRCO), the New York-based,
nationwide financial services company dedicated exclusively to the
powersports industry, is pleased to announce that it continues to
experience and capitalize on the ongoing developments in the market for
powersports financing products. According to the Company, the departure
of numerous financial services entities from the powersports market in
recent months, largely resulting from the economic downturn's effect on
other parts of those companies' business, has created a major growth
opportunity for Sparta.

Furthermore, as reported on the front page of the Wall Street Journal on
June 19th, 2009, companies such as Target Corp., Harley-Davidson Inc. and
Pitney Bowes, Inc., which operate "industrial loan companies" under
state-issued charters offering financing to their customers, may be facing
major difficulties. According to the report, the White House wants these
companies to register as bank holding entities, with more stringent
requirements, which may result in reduced credit being made available to
consumers. According to Havens, "These proposed regulatory changes would
not apply to Sparta, and would clearly result in an even greater demand
for our consumer financing and leasing products."

The Company continues to see an increasing number of powersports dealers
expressing interest in joining our nationwide network of Authorized Sparta
Dealers as well as an increasing number of powersports manufacturers
applying to Sparta for customized consumer financing and leasing products.
Commenting on this development, Havens said, "A year ago, these
manufacturers would likely have been utilizing our former competitors, who
are now no longer offering these types of private label products. Sparta
recently entered into an agreement with Vectrix, an innovative company
producing electric-powered, two-wheel vehicles, to meet their demand for
consumer financing and leasing products. Additional manufacturers are
awaiting our approval."

In closing, Havens said, "As the economy begins to recover, Sparta is
ideally positioned to capitalize on our accumulated strengths. We remain
the only nationwide provider of consumer motorcycle leasing, in addition
to the traditional installment financing we offer. Our portfolio
management is outstanding, with minimal delinquencies. We continue to
respond quickly to consumer and retail dealer preferences in the
marketplace and the dealer relationships we are building bode well for
the future. When combined with our ongoing commercial and municipal
product lines and the anticipated activation this summer of our new
credit line for consumer loans and leases, we expect to quickly expand on
our reputation and position in the industry. Indeed, while so many
financial services companies are struggling, and may continue to struggle
in the months and perhaps years to come, we see a very bright future for
Sparta."

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.

Contact:

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

Copyright 2009, Market Wire, All rights reserved.

-0-