Sparta Reports Q1 Financial Results

TORONTO, ON / ACCESSWIRE / March 1, 2024 / Sparta Group (TSXV:SAY) (the "Corporation", the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta") has announced that it has released its financial results for the three months ended December 31, 2023. The Corporation's Q1 financial statements and Management's Discussion & Analysis (MD&A) are available on SEDAR (www.sedar.com).

Here are a few Q1 highlights,

• Sparta mourns the loss of co-founder and business visionary, John O'Bireck, Sparta's President and Chief Technology Officer.
• Appointment of Mr. Tony Peticca as new President, after the passing of Mr. O'Bireck and following a thorough review of Sparta operations across all divisions.
• Reported a 30% increase in revenue, and 400% increase in net income, attributed to the growth within the environment division.
• The revamping of TruckSuite™ is near completion. A soft launch of the TruckSuite™ App 2.0 takes place in the U.S. while work continues the unveiling here in Canada.
• Sparta secures U.S TruckSuite™ "dream team" to help prepare for Canadian unveiling of the TruckSuite app.
• Sparta Health and the science and medical experts from the TAB continue to work on Doc-in-a-Box in conjunction with a European-based company to bring an augmented reality application of the health platform together.
• Sparta's ERS onboards new customers at its Toronto facility and achieves new carbon credit verification program partners.

About Sparta

Sparta Group (a.k.a. Sparta Capital Ltd.) is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. This structure provides brand recognition, insight, high-level strategic guidance, and financial monitoring. Sparta Group is divided into three operational business segments, each accountable for its day-to-day operations and performance. Those segments are, Environment, Energy, and Innovation.

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

For more information contact:

Tony Peticca, President
Email : tony@spartagroup.ca
Telephone : 416-648-6506

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

SOURCE: Sparta Group