VION Receivable Investments (VION) recently announced an agreement
to provide a multi-million dollar financing facility for the consumer
lease program of Sparta Commercial Services, Inc. The
Sparta program will offer motorcycle lease financing for non-prime
consumers in more than 2,000 dealerships throughout the country.

"A large segment of the vehicle industry is underserved because of
tightened and more restrictive lender credit criteria," said Stacey
Schacter, CEO of VION. "Dealerships are looking to provide financing
options for consumers who would have been easily approved by most
lenders just two years ago. Our agreement with Sparta positions us to
fill that void and significantly strengthens our position in the vehicle
financing market."

Anthony Havens, Sparta’s CEO, said, "It isn’t a case of more consumers
with poor credit as much as it is the ever-higher minimum credit scores
that other lenders are requiring. I believe that in the current economic
climate, finding a financial partner such as VION who shares our
analysis and vision of the unmet needs in the marketplace and has the
willingness to supply the funding to back up that vision is crucial to
the continued growth and success of our business."

The new program will be rolled out gradually in order to accommodate
expected strong demand. The rollout will initially focus on specific
states where the demand is likely to be the heaviest, and then expanded
to include additional states as the program builds momentum to include
Sparta’s 2,000 registered dealers.

For more information about VION Receivable Investments, visit www.vioninv.com.