EDMONTON, Feb. 5 /CNW/ - Sparta Capital Ltd. (TSX-V: SAY) is a Master
Sales Agent for the patented Hy-Drive Hydrogen Generating System, a leading
edge fuel savings and emissions reduction technology manufactured by Hy-Drive
Technologies Ltd. of Mississauga, Ontario, Canada.
Sparta refers interested parties to a press release issued by Hy-Drive
dated February 4, 2008.
In the Hy-Drive release, Mr. Hugo T. Sorensen, Hy-Drive President and CEO
commented that, "Hy-Drive's management continues its commitment towards full
commercialization of our Hydrogen Generating System," adding that, "in order
to accelerate this process, we have elected at this time to focus solely on
the North American marketplace. As such, continued penetration in the European
and Australian markets will be paused for a period of up to one year." The
full Hy-Drive press release can be viewed by clicking the "NEWS" tab on the
Hy-Drive website www.hy-drive.com.
Mr. Ray Ludwig, Vice President of Operations for Sparta states,
"Hy-Drive's approach, focusing first on the North American markets, will allow
Hy-Drive engineers and the technical support team to closely monitor all
aspects of the commercial product roll-out prior to moving into international
markets. In turn, our international customers will receive the benefit of
rigorous on-road proving in North America." Mr. Ludwig adds, "Sparta will
continue to work closely with Hy-Drive, our international agents and
customers, to deliver the commercial product at the earliest possible date."
Sparta is a Master Sales Agent for the Hy-Drive System in the
Asia-Pacific region, a region with a population of more than ten times that of
North America. Sparta's master license applies to the many millions of diesel
engines employed on trucks, buses, industrial equipment and stand alone
About Hy-Drive Hydrogen Technologies Ltd.
Hy-Drive Technologies Ltd. is an energy technology firm that has
developed a proprietary, patented hydrogen generating system. The Hy-Drive
system generates and injects hydrogen gas into a regular internal combustion
engine, enhancing the combustion process by allowing fuel to burn more
efficiently and completely. For further information, 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 and Hy-Drive ("the
companies"). 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 companies have 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.
For further information:
For further information: related to Sparta, please visit our website
www.spartacapital.com or contact: Ted Rousseau, President, Sparta Capital
Ltd., Telephone: (780) 489-8334, Fax: (780) 487-4470,
email@example.com; OR Ray Ludwig, Vice-President Operations, Sparta
Capital Ltd., Telephone: (403) 539-9146, Fax: (403) 206-7568,