Sparta Commercial Services Appoints COO

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Surface Tec Ass	LSE:SRTA	London	Ordinary Share	GB00B2459Q32	ORD 2P (ASSD SUMITOMO PRECISION CSH)

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Surface Tec Ass (LSE:SRTA)
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Sparta Commercial Services Appoints COO 'Dick' Trotter Joins Powersports Financial Services Company NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- Sparta Commercial Services (OTC:SRTA) (BULLETIN BOARD: SRTA) , the New York-based financial services company specializing in the powersports industry, today announced the appointment of Richard P. ("Dick") Trotter to the position of Chief Operating Officer. Mr. Trotter has over thirty years of experience in the financial services industry, including more than twenty years in automotive lending, servicing, and collections. In his last position as President and Chief Credit Officer for American Finance Company, Inc., he developed various automobile financing programs and oversaw the purchase of automobile retail installment sales contracts from independent automobile dealers nationwide. Prior to that, Mr. Trotter served as Senior Vice President for Originations with Consumer Portfolio Services, Inc., one of the country's leading purchasers of non-prime automobile retail installment sales contracts. Mr. Trotter also served, from 1984 to 1990, as President of Far Western Bank, a major southern California-based purchaser of both prime and non-prime automobile retail installment sales contracts. During that time, he developed the originations systems used today by Consumer Portfolio Services, Inc. and Household Auto Financing, as well as the computer automated collections systems now used by Consumer Portfolio Services, Inc. and Americredit. Mr. Trotter is recognized as one of the leaders in the non-prime segment of the automotive lending industry. According to Anthony Havens, CEO of Sparta Commercial, "Dick Trotter brings to our company a combination of experience and expertise that is indeed rare in our business. We are more than fortunate to have him in the role of Chief Operating Officer as we move forward to carve a significant niche for Sparta in the powersports financing market. Dick's background as a senior manager with companies that have grown from an early stage to maturity, and have become successful in a relatively short time, is a very important management fit for the company at our stage of development." Sparta Commercial Services (http://www.spartacommercial.com/) offers consumer leasing and retail installment contract financing exclusively to the powersports industry through a nationwide authorized dealer network. Additionally, Sparta offers private-label financing programs to select powersports manufacturers and/or distributors that currently include Malaguti USA, Kymco, E-Ton America, and CMSI. Sparta has concentrated our private-label underwriting thus far on prominent scooter and all-terrain vehicle (ATV) brands, the fastest growing segment of the powersports financing market. 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, amount of, obtaining and satisfying terms 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. DATASOURCE: Sparta Commercial Services CONTACT: Sandra L. Ahman, Sparta Commercial Services, +1-212-239-2666 Web site: http://www.spartacommercial.com/

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SRTA Surface Tec Ass