NEW YORK, NY -- (Marketwire) -- 08/06/10 -- Sparta Commercial Services, Inc. (OTCBB: SRCO) today announced that Richlands, NC has become the most recent local government to contract with Sparta's nationwide Municipal Lease Program as it adds to its fleet of police cruisers.

Richlands is now the seventh jurisdiction in the state of North Carolina alone to avail itself of the advantages of the Sparta program, which allows municipalities to lease, rather than purchase their essential equipment, thereby taking advantage of the ability to pay the costs of police cruisers and motorcycles, and other critical assets, over time, instead of the full up-front costs of purchasing.

Amy Hill, Fleet Sales Manager at Ilderton Dodge, which also provided Dodge Chargers to several of the other police departments under similar contracts with Sparta, and is again the participating dealer for Richlands, said, "Working with Sparta's Municipal Lease department is always a pleasure, and we appreciate the opportunities that their Municipal Program brings to our dealership. We've done a number of these transactions with Sparta, and I know we'll be doing more."

In addition to the seven municipalities, including Richlands, Sparta is currently negotiating with three other jurisdictions in North Carolina that are interested in acquiring their necessary equipment through the Sparta Municipal Lease Program.

Commenting on the latest addition to its Municipal Lease Program, Anthony Havens, Sparta's CEO, said, "Apparently, an increasing number of local jurisdictions in North Carolina are becoming aware of our municipal program, and its advantages over outright purchasing, and it's clearly the result of excellent word-of-mouth among the state's jurisdictions. We pride ourselves in being able to understand the needs of the municipal agencies, as well as those of the dealers that are involved in these transactions. The continuing growth of our Municipal Lease Program is both a testament to the quality of the service we offer, and the budgetary advantages of our program when jurisdictions have to acquire equipment that is critical for the services they must provide, even in difficult economic times."

About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (OTCBB: SRCO) is a New York-based, nationwide financial services company dedicated to municipal and governmental leasing. Sparta specializes in the financing of essential equipment and services for the law enforcement and emergency response communities. Sparta also offers financing and leasing products to consumers and retail powersports dealers.

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.