Sparta Capital Ltd. Provides Operations Update
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Calgary, Alberta (FSCwire) - Sparta Capital Ltd. (TSXV: SAY.H) (the “Corporation” or “Sparta”) is pleased to provide an update regarding three of the Corporation’s divisions.
Illumineris, Sparta’s energy optimization division, has recently expanded its business significantly; securing over $1.5 million in contracts this past quarter. The division is starting to gain traction, developing a reputation for its process of helping clients understand where and how to save money on energy.
ReECO Tech Electronic Conversions Ltd. (“ReECO Electronics”), is pleased to announce it has completed a transaction to acquire all of the liquidated assets of ERS International (“ERS”), a Toronto based electronics recycling firm (the “Acquisition”). Pursuant to the Acquisition, the Corporation has agreed to purchase the assets of ERS for a purchase price of $506,178.98. With this acquisition the Company will use the purchased assets to expand its current e-waste operations.
ReECO Conversion Technologies Ltd (“ReECO Conversion”)., Sparta’s biomass conversion division, has continued to move forward with its plans to develop a strong hydro excavation fleet. They have recently added to their fleet of four tractors and nine heavy-duty, walking-floor, bulk, trailers to include eight hydro-vac trucks, which are used for non-destructive, environment-friendly digging, as well as two tank tractor-trailer units used to transport material extracted during the hydro-vac digging process. ReECO Conversion intends to continue the expansion of the fleet as the demand for services continue to grow.
Sparta Capital Ltd. fosters and distributes a range of energy efficient solutions. Following the acquisition of Canadian based Newport Environmental Technologies Ltd. (“Newport”) Sparta continued the process of securing several other licenses for technologies developed to save fuel, while reducing carbon emissions in various markets. Since the acquisition of Newport, Sparta established three new divisions: Sparta Technologies 4 Mining Ltd; to cater to the special needs of the mining industry, Illumineris, a division with a comprehensive suite of smart-building, energy-optimizing technologies; including a line of glow-in-the-dark safety products, and ReECO Tech; a materials conversion division. In addition, Sparta recently acquired Supernova Performance Technologies Ltd., who focuses on green initiatives for the transportation sector. For a closer look at the company profile, please visit: Sparta Environmental Technologies.
For further information please contact:
John O’Bireck, President
Telephone: (905) 751-8004
This news release contains “forward-looking information” within the meaning of applicable securities laws. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this news release and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation.
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Source: Sparta Capital Ltd. (TSX Venture:SAY.H)
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