EDMONTON, March 20 /CNW/ - Sparta Capital Ltd. (TSX-V: SAY) ("Sparta" or
the "Corporation") 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,
Sparta announces the appointment of Murray Hinz as Vice President,
Finance and granting him incentive stock options to purchase an aggregate
300,000 common shares of the Corporation pursuant to its Stock Option Plan.
The options are for a five-year term, expiring on March 13, 2013 and are
exercisable at a price of $0.10 per share. The options are subject to a four
month hold period from the date of grant.
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
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,
firstname.lastname@example.org OR Ray Ludwig, Vice-President Operations, Sparta
Capital Ltd., Telephone: (403) 539-9146, Fax: (403) 206-7568,