June 21, 2018 - 8:50 AM EDT
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Sparta Capital Ltd. Announces Role in Fibre Optic Installation Project




Sparta Capital Ltd. Announces Role in Fibre Optic Installation Project

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Calgary, Alberta (FSCwire) - June 21, 2018 - Sparta Capital Ltd. (TSXV: SAY) (the “Corporation” or “Sparta”) announced today that its ReECO Tech™ division is helping facilitate the establishment of all-fibre broadband networks through non-destructive, environment friendly directional drilling.

 

ReECO Tech™ crews recently began working on a large fibre-optic installation project in the Kawartha area of Ontario that will service over one thousand homes. These homes will be able to access new ultra high-speed Internet as part of Bell Canada’s commitment to reinvent their network footprint with the next generation of fibre connections. This means homeowners will have access to Internet speeds of up to one gigabit per second. The company’s directional drilling allows technicians easy access to entry points to install fibre systems.

 

ReECO Tech™ crews on the job (Photographer: Kirsten Long)

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ReECO Tech’s directional drilling is safe and controlled with high accuracy thanks to real-time technologies that provide for challenges, such as presence of underground gas lines or other infrastructure while at the same time, protecting the natural environment.

 

“Bell has been making its way across Quebec, Ontario and Manitoba, fullfilling a goal to provide higher speed Internet and it’s great to be a part of such a huge undertaking, epecially when it means we are involved in protecting the environment. This is a long-term project. While we are in the Kawartha area right now, there is great hope for our ReECO Tech™ crews to move across the province to provide directional drilling and non-destructive excavation for fibre optics in various communities. Provided we have the crews and enough of the necessary equipment, ReECO Tech™ is positioned to be kept very busy for a long time,” said John O’Bireck, President of Sparta Capital Ltd.

 

Recently, Bell announced that its gigabit installation is coming to Orillia, Oshawa and Clarington, just to name a few more communities.

 

About Re-ECO Tech™:

 

ReECO Tech™ is the collective term for a group of conversion technology companies that collect waste materials with a focus on converting such waste streams into new usable forms while helping develop environmentally sustainable economies. ReECO Tech™ provides a viable option for helping manufacturers reduce waste, save resources, save money and lower their carbon footprint.

 

About Sparta:

 

Sparta Capital Ltd. is a 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. Sparta’s network of independent businesses provide 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 under the symbol “SAY”. Additional information is available on our website at www.spartacapital.com or on SEDAR at www.sedar.com.

 

For further information please contact:

 

John O’Bireck, President

Email: [email protected]

Telephone: (905) 751-8004

 

Cautionary Statements

 

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. In particular, this news release contains forward-looking statements relating to, among other things, statements pertaining to anticipated future operations of the Corporation and actual results could differ materially from those currently anticipated due to a number of factors and risks. 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. (TSX Venture:SAY)

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Source: FSCwire (June 21, 2018 - 8:50 AM EDT)

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