Business
The Sustainable Green Team, Ltd. Announces Exciting and Innovative Corporate Initiatives, Invoiced $7.5M from New Product Offerings
The Sustainable Green Team, Ltd. Announces Exciting and Innovative Corporate Initiatives, Invoiced $7.5M from New Product Offerings.
About this update from Sustainable Green Team, Ltd.
[{"type":"text","content":"\n ORLANDO, Fla., Oct. 04, 2023 (GLOBE NEWSWIRE) -- The Sustainable Green Team, Ltd. (OTCQX: SGTM) (\"Company\") is thrilled to announce several exciting developments that will further enhance the Company's mission of promoting sustainability and environmental consciousness. These developments signify Management's commitment to positively impacting the planet and ensuring a better future for all. Firstly, SGTM-VRM, LLC., a brand new wholly owned subsidiary of The Sustainable Green Team, Ltd., is set to become the exclusive Master licensee of VRM Biologik products in all the Americas and Caribbean Islands. The new wholly-owned subsidiary will house the key inventory of VRM Biologik's products and incorporate all sales and operations involving deploying VRM Biologik's intellectual property in the Americas. Additionally, SGTM-VRM will provide sales support to programs and projects implemented by VRM Biologik Group globally. This collaboration strengthens the Company's position as the region's leading provider of sustainable solutions. Next, Management is proud to announce that they have invoiced approximately $7.5 million from their groundbreaking new product lines, HumiSoil® and Core Catalyst, to the Middle East. This significant milestone demonstrates the growing demand for environmentally friendly and sustainable products in the region. Management remains committed to expanding the products' global reach and positively impacting soil health and crop yield. Finally, as part of Management's ongoing efforts to streamline operations and maximize efficiency, they have implemented a management restructuring. These changes include reducing costs, improving efficiencies, and appointing Josh Ganganna, the existing Director of Operations, to oversee operations. Concurrently, Brian Mier, SGTM's current Chief Operating Officer, has resigned. Brad Baker and Colleen McAleer, members of SGTM’s board of directors, have resigned as directors and transitioned positions, respectively, within the Company. In these roles, Mr. Baker and Mrs. McAleer will provide advisory services to management. VRM Biologik has also been invited to contribute a Director to the Board. Additionally, SGTM is excited to announce the appointment of a combined Advisory Panel comprising experienced professionals and talented individuals who will bring indust...