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NetworkNewsBreaks – Sustainable Green Team, Ltd. (SGTM) Announces Positive Q2 Results, Including Over $12.3M in Revenue and $3.4M in Gross Profit

Company: Sustainable Green Team, Ltd. (SGTM)
Category: News

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.”

To view the full press release, visit http://nnw.fm/iiGDM

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

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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