EDMONTON, Aug. 11 /CNW/ - Sparta Capital Ltd. (TSX-V: SAY):
As a Master Sales Agent for the Hy-Drive Hydrogen Generating System
("HGS(R)") in the Asia Pacific region, Sparta is pleased to note the
significant company developments announced by the developer of the HGS(R),
Hy-Drive Technologies Ltd., in its release dated August 6, 2009. The HGS(R) is
a fuel saving and emission reduction device targeted for use on internal
As reported in the Hy-Drive Technologies Ltd. release, independent third
party validation testing of the HGS(R) conducted on Class 8 highway tractors
powered by Caterpillar engines, conclude an overall average reduction in fuel
consumption of 10.43% and an average opacity reduction of 39.53% confirmed by
exhaust emission testing procedures. The release includes further significant
details related to the above noted testing procedures and provides a synopsis
of the anticipated next steps related to the product. The release can be
reviewed in its entirety under the 'NEWS' tab at www.hy-drive.com
Sparta is a Master Sales Agent for the HGS(R) in the Asia-Pacific region.
Hy-Drive is a technology firm that has developed a proprietary, patented
hydrogen generating system. Hy-Drive's Hydrogen Generating System ("HGS(TM)")
generates and injects gas into a regular internal combustion engine, enhancing
the combustion process by allowing fuel to burn more efficiently and
completely. For more information, please visit www.hy-drive.com.
This press release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of future events.
When used herein, words such as "intend" and similar expressions are intended
to identify forward-looking statements. Forward-looking statements are based
on assumptions by and information available to Sparta. Investors are cautioned
that such forward-looking statements involve risks and uncertainties.
Important factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements include such
risks and factors as are detailed from time to time in the periodic reports
filed by the companies with regulatory authorities. Actual results may differ
materially from those currently anticipated. The company has no intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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