NEW YORK, Feb. 20, 2020 /PRNewswire/ -- SparBar Inc., the
original pioneers of SparBar™ boxing, mixed martial
arts (MMA), and fitness equipment is pleased to announce the
signing of a global distribution and licensing agreement with
Sparbar U.K., LTD. that will expand its corporate offices into
New York City.
The terms of the recently signed agreement grant Sparbar Inc.
the perpetual worldwide rights to all of Sparbar's intellectual
property, while designating Sparbar Inc. as the exclusive North
American distributor for Sparbar's entire line of athletic
equipment. Sparbar, Inc.'s initial focus on North American
growth in 2020 will expand into an aggressive worldwide push
SparBar Inc. now has a perpetual, worldwide license for all
SparBar™ patents, trademarks, copyrights, service
marks, applications for patents, trademarks, and copyrights, all
logotypes, commercial symbols, insignias, and designs pertaining
thereto, including, but not limited to, the trademark
After dedicating more than 8 years of his life to growing
SparBar™, founder and CEO Jasvinder Singh Gill has seen his vision become
a worldwide phenomenon. "The incredible professional and
amateur athletes training every day with SparBar™
boxing, MMA, and combat products have motivated us more than ever
to grow SparBar™ into one of the world's leading
combat sports and fitness brands," said Singh Gill.
SparBar™ Managing Director Kenny Lam says his company already has a unique
footprint in the global sports equipment market. "Sparbar's
brand equity is incredible; it's already an organic viral media
sensation, and with so many celebrated boxers, well-known MMA
fighters, and professional athletes jumping on board with Sparbar
for their fitness and training needs."
About SparBar Inc.
THE WORLD FAMOUS SPARBAR™: A global sports fitness
brand, SparBar™ is proud of its position as the
inventors of the global combat sensation that known the world over
as SPARBAR™. Founded in 2013 and backed by over
20 years of real boxing experience, we have singlehandedly changed
the fight game with our innovative concept of training without a
Used by world champions, international celebrities,
world-leading gyms and with over 200M+ social media video views,
Sparbar's success ensures that we are not just pioneers, but game
changers in the combat sports training equipment market.
Sparbar™ is the key to learning core fundamental
boxing skills and developing hand-eye coordination as you build
footwork, balance, speed, stamina, accuracy and power, simulating
realistic sparring in a safe environment.
This press release may contain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such statements
include, but are not limited to, any statements relating to our
growth strategy, product development and potential success, as well
as technological and/or other factors and any other statements that
are not historical facts. Forward-looking statements are based on
management's current expectations and are subject to risks and
uncertainties that could negatively affect our business, operating
results, and financial. Factors that could cause actual results to
differ materially from those currently anticipated are: risks
related to our growth strategy; risks relating to the results of
research and development activities; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; our dependence on third-party suppliers and
partners; our ability to attract, integrate, and retain key
personnel; the early stage of products under development; our need
for substantial additional funds; government regulation; patent and
intellectual property matters; competition; as well as other risks.
Important factors that may cause the actual results to differ from
those expressed within may include, but are not limited to: the
success or failure of SparBar's efforts to successfully market its
fitness and sports brand products and services; SparBar's ability
to attract and retain quality employees; the effect of changing
economic conditions; increased competition; the ability of Sparbar
to obtain adequate equity financing. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
SOURCE SparBar Inc.