Sparta Capital Ltd. announced they are now entering the next chapter in growth with the appointment of Mr. Shawn Leon as an independent director and Mr. John O'Bireck assuming the role of president while continuing his role as director. In concert with these moves, Mr. Tom Brown will be retiring as both president and director. As part of the transition, Mr. O'Bireck will be stepping down as chairman of the audit committee and Mr. Leon will be assuming that position. Mr. Leon worked in small systems marketing at IBM Canada for a number of years, has been active in real estate development, and has been the principal owner of various industrial and commercial developments. Mr. Leon has also been involved in the operations of several public companies in both Canada and the United States. Mr. Leon and Mr. O'Bireck's appointments will take effect immediately. Mr. Brown's retirement will also take effect immediately yet he has agreed to assume a consulting role with the company ­ assisting with Investor Relations.