2013-10-10 16:11:29 -
Sparta Capital, Ltd. (TSX/V: SAY) and Newport Environmental Technologies Expand Market Penetration with New U.S Distributor
Calgary, Alberta, October 10, 2013 /FSC/ - Sparta Capital Ltd. (SAY - TSX Venture"Sparta" or the "Corporation') and Newport Environmental have just announced that they have a new distributor for Sparta's Addeco Precision Fuel Additive Injector that will help them expand well beyond the transport truck and fleets market. Center PowerD Management, LLC will distribute Addeco units in the U.S in conjunction with the proprietary "Fuel-n-All" diesel additive.
Headquartered in Brighton, Michigan, Center PowerD, recently featured on ABC Television for creating much needed jobs and economic growth in the state, is committed to promoting energy efficient technologies.
The company is expanding beyond the fleet industry
and into the shipping industry. Center PowerD is also on the verge of being able to supply to first responders, including EMS.
"We've looked at a number of fuel additive injectors on the market and decided that the Addeco unit was the best suited for our customers. The quality, the accuracy, as well as the commitment from the Sparta team to further develop their product to meet the industry needs convinced us to partner with them," Center PowerD President, George Groat stated.
Center PowerD management have released a conservative estimate of 55,000 gallons of products dispensed before the end of this year. Currently, the company covers the entire Northeast, including all of Canada; however, recently they moved into Texas and Mexico and are expected to soon penetrate the large California market.
"We are thrilled to have such a reputable organization joining our team. We look for a long term, mutually beneficial relationship with Center PowerD and their "Fuel-n-All" additive, which will ultimately benefit our customers," Sparta President and CEO, Tom Brown said.
About Newport Environmental Technologies: Newport is the Master Distributor for Sparta and its Addeco technology. Newport is committed to reducing GHG and our carbon footprint. They implement cutting edge technologies into their businesses to maximize our mutual goal of working towards a "greener planet." They worked in collaboration with several of their partners to establish Clean Air for Kids(ra charity that further supports the commitment to a cleaner greener planet.
About Sparta Capital Ltd.: Sparta is a publicly traded that invests in and distributes a range of technologies, in particular those that contribute to green energy solutions within the global logistics industry. Sparta holds world-wide rights to the AddecoTech Precision Fuel Additive Injector which it sells through its distribution partner Newport Environmental Technologies, Inc. The AddecoTech system automatically injects additives to diesel fuel to improve engine performance and reduce maintenance costs.
Tom Brown, President, and CEO
Telephone: (855) 539- 1946 Ext 99
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Corporation's current expectations. When used in this press 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. The forward-looking statements and information in this press release include information relating to the projected use of the proceeds of the Offering by the Corporation. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of this press release and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
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Source: Sparta Capital Ltd. (TSXV SAY) www.spartacapital.com
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