Business
Sustainable Green Team, Ltd. (SGTM) Signs Two Letter-of-Intents for Long-Term Partnership and Expansion in the United States and the Middle East
Sustainable Green Team, Ltd. (SGTM) Signs Two Letter-of-Intents for Long-Term Partnership and Expansion in the United States and the Middle East.
About this update from Sustainable Green Team, Ltd.
[{"type":"text","content":"\n ORLANDO, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTCQX: SGTM) ($SGTM), a leading Company in climate reversing technologies and provider of sustainable solutions, announces two signed Letter-of-Intents (LOI) for long-term partnership and expansion in the United States and the Middle East. In the United States, Sustainable Green Team, Ltd. has signed an LOI agreement for negotiations to increase its capacity of 10 acres of strategic land in the southern region of a prominent port. This prime location will be a hub for SGTM's operations, enabling efficient transportation and consolidation of wood chip/mulch from various Florida sites. Consolidating these materials will streamline the exportation process of wood fibers, catalysts, and other core products to the Middle East. To support its operations in the United States, SGTM has entered an LOI for negotiations on approximately 20 acres of paved land inside the port terminal for a long-term lease and partnership. This paved land will provide ample space for storage, processing, and distribution activities, further strengthening the Company's subsidiary, SGTM-VRM, LLC, in logistics capabilities and ensuring efficient operations. In the Middle East, SGTM-VRM, LLC is expanding its presence by securing significant land for a long-term lease. This land, located within a prominent port, spans approximately 20 acres and offers immense potential for growth and development. SGTM-VRM plans to establish a comprehensive logistics and distribution hub on this land, serving domestic markets within the United Arab Emirates and international destinations. This expansion will enhance SGTM's logistics capabilities and contribute to regional economic development. \"This long-term partnership and expansion signify a major milestone for Sustainable Green Team, Ltd.,\" said Tony Raynor, CEO of SGTM. \"We are committed to delivering sustainable solutions globally, and these strategic initiatives will enable us to serve our customers more efficiently and effectively.\" Upon completing the Definitive Agreements, these strategic business actions should further strengthen SGTM's global presence and enhance its ability to provide sustainable solutions on a larger scale. For media inquiries or further information, please contact Tony Raynor at 1-407-886-8733 and traynor@sgtmltd...