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March 8, 2010

SRCO, Sparta Commercial Services Inc., SRCO.OB

SRCO is the only nationwide, independent financial services company in the U.S. exclusively dedicated to the powersports industry. More than any other lender, SRCO is committed to providing dealers and their customers with the best financing products and services in the marketplace today.

In the current economic downturn where state governments have been borrowing from the Federal government simply to pay their debts, a new source of financing has come of age, leasing government necessities, thus freeing up needed cash for reserves.

We all know that Police vehicles have a period of usefulness, before they must be replaced, along comes SRCO with financial packages that make law enforcement a financial reality.

As a result of the expansion of its Municipal Lease Product to include several new asset classes, in addition to police motorcycles, SRCO has received a number of requests from local governmental agencies asking SRCO to finance vehicles such as armored tactical trucks, electric/hybrid passenger busses and police cruisers, as well as other essential equipment used by those municipal agencies.

** SRCO forecased a twenty-percent rate of growth in its Municipal Lease Product during 2010. This projection is based on the growth experienced and figures achieved in 2009. Since expanding the asset classes that qualify for the Municipal Lease Product in September 2009, SRCO has received a noticeable increase in inquiries from manufacturers, vendors, dealers, and municipalities in various parts of the country and is pursuing those opportunities. The new asset classes eligible for the Municipal Lease Product include vehicles such as tactical armored units, electric-hybrid buses and police cruisers, and a wide variety of other essential equipment. As a result of the expanded Program and the growing volume of inquiries, the Company is anticipating the growth rate in its Municipal Lease Product will continue to accelerate throughout 2010.

According to SRCO, their Municipal Lease Program is an ideal alternative to the traditional outright purchase of the police cars, police motorcycles and other essential equipment that these agencies require, especially during these difficult economic times. More than 17,000 state and local law enforcement agencies operating in the United States will purchase 65,000 police cars each year, creating over 1.6 billion dollars in annual sales. These agencies will also purchase over 60,000 police motorcycles during the next five years, creating an additional 1 billion dollars in sales over that time period. SRCO’s current goal is to capture a minimum of one percent of the estimated market for these vehicles, representing about 18 million dollars worth of annual municipal lease fundings. These figures do not take into account other essential equipment that Sparta includes in its Municipal Lease Purchase Financing Program, such as the on-board digital video and data equipment used on these vehicles. Sparta is currently working with major national suppliers of these assets to provide financing for these ancillary products as well.

More about SRCO at www.spartacommercial.com

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Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars cash and 800,000 free trading shares from a third party (QUEBEC INC.) for 1 week of advertisement services for Sparta Commercial Services Inc. (SRCO.OB)

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