ORLANDO, Fla., July 21, 2020 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTC: SGTM) (“SGTM” or the “Company”), a leading provider of environmentally beneficial solutions to tree and storm waste disposal, today announces that effective today the Company has decreased its authorized shares by 3,249,000,000. The Company now has 250,000,000 authorized shares, representing 2.9 Billion shares less.
Tony Raynor, SGTM’s CEO and Director, comments, “I am proud of my team and all that we have achieved thus far. We have achieved ‘current information’ status with OTC Markets Group and having acquired Mulch Manufacturing (in the two months of our first quarter), we exceeded expectations and vastly increased our assets and revenue, and our audit mentioned in May is still in progress. All requirements for our expansion plan including achieving fully reporting status and uplisting to a higher exchange, overall increasing transparency and trust to our loyal share holders.
About Sustainable Green Team, Ltd. (SGTM)
Sustainable Green Team, Ltd., (“SGTM”) through its subsidiaries, provides tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales. The company was established with the objective of providing a solution for the treatment and handling of tree debris that has historically been disposed of in landfills, creating an environmental burden and pressure on disposal sites around the nation. The company solutions are founded in sustainability, based on vertically integrated operations that begin with collecting of tree debris through its tree services division, and collection sites, then through its processing division, recycling and using that tree debris as a feedstock that is manufactured into a variety of organic, attractive, next-generation mulch products that are packaged and sold to landscapers, installers and garden centers. The company plans to expand its operations through a combination of organic growth and strategic acquisitions that are both accretive to earnings and are positioned for rapid growth from the resulting synergistic opportunities identified. The company’s customers include governmental, residential, and commercial customers.
SGTM’s operations, expansion plans, and production facilities: view presentation
SAFE HARBOR ACT: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the CSE, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any matter whatsoever as an indication of the future performance of the Company’s revenues, financial condition, or stock price.
Company Contact:
Anthony Raynor
CEO & Director
407.886.8733 Office
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com