Sparta and CMSI Announce a New Private-Label Financing Program for All CMSI Vehicles

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
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Surface Tec Ass (LSE:SRTA)
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Sparta and CMSI Announce a New Private-Label Financing Program for All CMSI Vehicles The Program Will Provide Leasing and Financing For TN'G, Flying Tiger and Lambretta Brands NEW YORK, Sept. 24 /PRNewswire-FirstCall/ -- Sparta Commercial Services (OTC:SRTA) (BULLETIN BOARD: SRTA) and CMSI today announced an agreement whereby Sparta will provide a consumer leasing and financing program for CMSI's three brands of vehicles -- TN'G, Flying Tiger, and Lambretta scooters. The new CMSI consumer financing program is yet another private-label offering that is being developed and underwritten by Sparta, the fourth such agreement that the company has entered into in 2004. Anthony Havens, Sparta's CEO, commented, "We're extremely enthusiastic about this new relationship with CMSI, a company that's been building a successful powersports distribution business since 1993 and has established an excellent reputation in the industry. With a current network of over 200 dealers, we expect that the new CMSI financing program will enable those dealers to see significant increases in sales, and give CMSI a further opportunity to enlarge that already impressive network of powersports retailers." According to Tom Lynott, President of CMSI, "The new program, managed and underwritten by Sparta, will undoubtedly result in sales volume increases for all participating CMSI dealers. Until now, customers usually had to find their own financing sources, but with this new program, CMSI dealers will now have yet another valuable tool to satisfy customers and make their business grow and prosper. Our dealers have been asking for this kind of support, now they have it." CMSI currently offers a line of quality scooters under its Twist 'n Go brand -- also known as TN' G -- and a 250cc motorcycle carrying the Flying Tiger brand. A new line of ATVs will be added soon, and with CMSI's exclusive licensing of the famous Lambretta brand, a new line of scooters carrying that prestigious badge will be available in showrooms in early 2005. Every unit in all three lines will be eligible for leasing or financing under the new CMSI program. The program will operate through a customized website built by Sparta, that will enable CMSI dealers to process all transactions online, receive credit decisions quickly, download contracts ready for the customer's signature, and provide an on-going customer database for dealers which will support their own marketing and promotional efforts. Sparta Commercial Services (http://www.spartacommercial.com/ ), a New York- based company, is an independent financial services group exclusively dedicated to the powersports industry. CMSI (http://www.classicmotorcycle.com/ ), a Preston, WA-based company, is the exclusive manufacturer and distributor of TN'G, Flying Tiger, and Lambretta vehicles. 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: Ed Menken, VP of Sparta Commercial Services, +1-888-439-0200; or Rob Gates, Director of Sales at CMSI, +1-425-222-7738, for Sparta Commercial Services Web site: http://www.spartacommercial.com/ http://www.classicmotorcycle.com/

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SRTA Surface Tec Ass