ORLANDO, Fla., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTC: SGTM) (“SGTM” or the “Company”), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, today announces expansion of its vertically integrated operations with the addition of new grapple hauling trucks to its fleet. This further expansion builds on the Company’s July completion of construction projects at its waste management landfill facility, which increased its mulch manufacturing capability by 4 million bags per year within one shift.
SGTM collects debris from commercial clients and government agencies, both of which have constant high demand for recovery/collection services. To boost efficiency and keep up with the increasing demand, especially while Florida anticipates a very active storm season, the addition of more grapple hauling trucks to its fleet is essential to the Company’s growth.
Annually, grapple hauling trucks can each haul up to 1,250 loads, generate over $400,000 in gross revenue, and recover roughly 50,000 cubic yards of feedstock material that gets converted into reusable products for later use, such as mulch and public playground surfacing – the latter of which the Company is now able to offer through the IPEMA certification it attained in July.
Tony Raynor, SGTM’s CEO and director, comments, “Some great benefits of the use of grapple truck hauling are collecting revenue and building our feedstock for our rapidly growing mulch manufacturing business. Getting paid for your feedstock in the mulch business is a recipe for success and great profit margins. Another great advantage to owning a fleet of grapple trucks is they are one of the most efficient ways to collect storm debris after a hurricane, flood or ice storm. Storm recovery is a multibillion-dollar business, and we are prepared to help in any cleanup process. SGTM has multiple permitted recycling and manufacturing sites where we bring the collected material to be processed.”
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’s solutions are founded in sustainability, based on vertically integrated operations that begin with collecting tree debris through its tree services division and collection sites and 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 clients.
For additional information regarding SGTM’s operations, expansion plans and production facilities, view the Company’s presentation. For more information about the Company’s Mulch Manufacturing subsidiary, visit https://mulchmfg.com/.
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
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