Sustainable Green Team (OTC: SGTM), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, today announced another successful quarter, reporting positive numbers for the quarter ending June 30, 2020. According to the update, SGTM recorded $12,382,491 in revenue, $3,458,164 in gross profit and $40,710,954 in total assets, with a strong position of $7,004,807 in cash and liquid investments. “We are very pleased with our performance and direction. The positive recorded numbers were generated prior to achieving IPEMA certification for public surfacing material, which diversified our revenue stream; prior to construction at our Waste Management landfill facility, which further increased mulch manufacturing; and prior to the addition of new grapple hauling trucks to our fleet, which increased efficiency and production,” SGTM’s CEO and Director Tony Raynor said in the news release. “The subsequent events look to lead us to another positive quarter, and we look forward to seeing how it all unfolds.”
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About Sustainable Green Team
Sustainable Green Team, 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 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 clients. For information on SGTM’s operations, expansion plans, and production facilities, visit http://nnw.fm/3iVHn
NOTE TO INVESTORS: The latest news and updates relating to SGTM are available in the company’s newsroom at http://nnw.fm/SGTM
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