Sparta Releases Q1 2023 Financial Results

TORONTO, ON / ACCESSWIRE / March 2, 2023 / Sparta Group (TSXV:SAY) (the "Corporation", the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta") announces it has released its financial results for the three months ended December 31, 2022. The Corporation's Q1 financial statements and Management's Discussion & Analysis are available on SEDAR (www.sedar.com) and on the Sparta's website at www.spartagroup.ca.

Sparta's Environment division, and specifically the electronic waste operation, saw considerable progress in Q1. This included the launch of a verified carbon credit program to help customers achieve sustainability goals, as well as the opening of an e-waste upcycling operation in the Middle East. The Oman facility is the first of its kind in this region of the world and will handle a significant amount of waste, some of which the country has been stockpiling for years as government officials hoped for the right recycling operation to come along. Although considerable groundwork was done in Q1 2023 and throughout 2022 to lay the foundation for both the carbon credit program and the Oman facility opening, Sparta will start to reap the benefits of these new revenue streams in the months and years to come.

About Sparta

Sparta Group (a.k.a. Sparta Capital Ltd.) is a company focused on advanced technology designed to improve the health of the planet, the health of businesses, and the health of humankind. Sparta owns or holds a controlling interest in a network of independent businesses that supply energy saving technologies designed to reduce energy inefficiencies, achieve reduced emissions, and increase operating efficiencies in various industries. At the same time, the company also diverts waste from landfill, transforming it into something of value. While it began as an environmental technology company, Sparta expanded its technological expertise to address the growing demand for healthier workplaces and healthy employees. Its strong Technical Advisory Board reflects Sparta's dedication to advancing technologies that incorporate the latest in high-tech, including Artificial Intelligence (AI), to solve some of the world's pressing problems, including climate change, viral outbreaks, and mounting waste. The company is now structured into three divisions: Environment, Innovation, and Energy. These divisions better categorize the growing list of products and services offered by the Company.

Sparta is a publicly traded company listed on the TSX Venture Exchange Inc. under the symbol "SAY" (TSX.V:SAY). Additional information is available at www.spartagroup.ca or on SEDAR at www.sedar.com.

This above may contain "forward-looking information" within the meaning of applicable securities laws. When used in this address, 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 information, 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. 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.

For more information, contact:

John O'Bireck, President & CTO
Email: jobireck@spartagroup.ca
Telephone: (905) 751-8004

SOURCE: Sparta Group