Business
National Storm Recovery, Inc. (NSRI) Continues with its Rebranding and Expansion Plans by Transitioning to its New Name, Sustainable Green Team, Ltd., Trading Under the Trading Symbol SGTM Effective July 21, 2020
National Storm Recovery, Inc. (NSRI) Continues with its Rebranding and Expansion Plans by Transitioning to its New Name, Sustainable Green Team, Ltd., Trading Under the Trading Symbol SGTM Effective July 21, 2020.
About this update from Sustainable Green Team, Ltd.
[{"type":"text","content":"\n ORLANDO, Fla, July 20, 2020 (GLOBE NEWSWIRE) -- National Storm Recovery Inc. (OTC: NSRI) (“NSRI” or the “Company”), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, today announces that has continued its rebranding and expansion plans, effective July 21, 2020, by transitioning to its new corporate name, Sustainable Green Team, Ltd., and begin trading under the symbol “SGTM” Historically a ticker symbol may change because the company changes its name, generally doesn’t mean much of its operations, though investors may interpret it as positive sign if it reflects a positive sign if it reflects a positive change in the overall strategy, based on investopedia. The Company announced earlier this year that it had successfully acquired Mulch Manufacturing, Inc. under the Company’s Sustainable Green Team, Ltd. subsidiary, adding $20,503,975 in equipment assets and generating revenues of over $6,255,262 gross profits of $1,728,506 in gross profit, all within two months of the Company’s first quarter following the Mulch acquisition. Due to the opportunities we now have with the Mulch acquisition, the Company’s management team is rebranding itself and transitioning from the name, National Storm Recovery, Inc, to Sustainable Green Team, Ltd. The Sustainable Green Team name is best suited for the Company’s future direction. Along with the Company’s name change, NSRI will be trading under the new symbol “SGTM”. The ticker symbol change doesn’t do anything to markets or to the way investors execute trades since everything is electronic, trading platforms or brokers will already update their portfolio to include the new ticker symbol. Tony Raynor, NSRI’s CEO and director, comments, “The Company name and ticker change are pivotal for the direction we’re heading. The name suits us best in view of our rebranding and planned expansion.” About National Storm Recovery, Inc. (NSRI) National Storm Recovery, Inc., (“NSRI”) 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 tha...