Calgary, Alberta (FSCwire) – Sparta Capital Ltd. (TSXV: SAY) (the “Corporation” or “Sparta”) has released its financial results for the year ended September 30, 2017. Highlights in this news release should be read in conjunction with the Corporation’s annual audited financial statements and Management’s Discussion & Analysis, which are available on SEDAR (www.sedar.com).
With more than a fifty percent increase in year-over-year revenues, the Corporation is well positioned for continued growth in 2018 following successful expansion of various divisions and the reactivation of the Corporation from the NEX board of the TSX Venture Exchange (“TSXV”) to Tier 2 of the TSXV.
Sparta’s Re-Eco Tech division continued to expand in 2017 by increasing its heavy equipment and environment-friendly hydro-vac excavation fleet, and additionally, by adding to its service offerings to include electronic recycling, permitting Sparta to assist industrial and commercial operations to safely dispose of electronic waste.
Illumineris added to its line of products, identifying previously overlooked sources of lost energy and providing energy capturing solutions. Now, with an established ongoing relationship with CWB Maxium Financial, Illumineris can fund unique technologies that convert waste (energy) into bottom line savings to its customers.
Sparta’s acquisition of SuperNova Performance Technologies Ltd. (“SuperNova”) in the summer of 2017 opened the door to the transportation sector, with a focus on technologies capable of powering novel generation systems.
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., a company that 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. In particular, this news release contains forward-looking statements relating to, among other things, statements pertaining to anticipated future operations of the Corporation. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the associated document to this release, please click on the following link:
Source: Sparta Capital Ltd. (TSX Venture:SAY)
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