Sparta Appoints Mr. Leonard Shara, P.Eng. to Technical Advisory Board

TORONTO, ON / ACCESSWIRE / December 4, 2020 / Sparta Group (TSXV:SAY) (the "Corporation" the "Company", "Sparta Group", "Sparta Capital" or "Sparta") has appointed Mr. Leonard Shara, P.Eng., a chemical engineer with a wide range of technical and business development experience to its Technical Advisory Board.

A graduate of chemical engineering and holding an MBA, Shara has extensive knowledge in the areas of chemicals and industrial equipment, datacom, telecom, automotive, sales, precious metal recovery, and RFID (Radio-frequency identification). He is a former Director for Belron Canada, which owns multiple Speedy Auto Glass shops. While at Belron, Shara worked on in-vehicle camera calibration and pricing models for ADAS systems, such as Lane Departure Warning and Automatic Braking. He is also the former Director of Sales for Cole-Parmer, a scientific and industrial instrument distributor, and for FixAuto/NOVUS Glass, a leading auto body and windshield repair franchisor. Mr. Shara has extensive international experience, including working and living in Germany to guide an electronics distribution operation.

Mr. Shara is currently the technical leader for Sparta's laboratory services situated within the company's e-waste recycling plant in Toronto's east end. Management and staff believe his ability to apply his knowledge to solve technical problems, his meticulous attention to detail, as well as his strong analytical skills, make him not only a valuable asset in a laboratory setting, but also on an advisory board.

"To say we are lucky to have Len on our team is an understatement. His skill-set is multi-faceted, but his knowledge of chemical processing and analysis, together with his skills of scaling up from laboratory to industrial scale will go a long way in assisting us as we grow our suite of technologies and services," said Sparta President, John O'Bireck.

Mr. Shara's appointment will take effect immediately.

"The idea of renewable materials and developing environmental technology for good and for profit makes sense. It is the way of the future. My curiosity is always there, and I am willing to contribute in whatever way I can, using my varied background and experience," Mr. Shara said.

Mr. Shara is the fifth person to be appointed to Sparta's Technical Advisory Board. The other members include Mr. Dan Slade, Mr. Matthew Domanowski, Mr. Jim Payne and Mr. Stephen Lobb.

About SpartaTM

Sparta Group (a.k.a. Sparta Capital Ltd.) is a technology-based company that 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. In response to the COVID-19 crisis, Sparta has also expanded its scope to help facilitate supply of necessary materials while assisting talented inventors who are looking to introduce innovative technical solutions that will bring greater normalcy to the post COVID-19 world. Sparta's network of independent businesses provides a wide range of specialized energy capturing, converting, optimizing, and related services to the commercial sector. Sparta provides capital, technical and engineering expertise, legal support, financial and accounting knowledge, strategic planning and other shared services to its independent businesses.

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.

For further information please contact:
John O'Bireck, President
Email: jobireck@spartagroup.ca
Telephone: (905) 751-8004

This news release contains "forward-looking information" within the meaning of applicable securities laws. When used in this news 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. 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 news release 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. These include, but are not limited to, the failure to obtain necessary regulatory approvals, necessary financing and risks associated with the environmental technologies industry in general. 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.

SOURCE: Sparta Capital Ltd.