Business
The Sustainable Green Team, LTD. Enters into a Purchase Agreement to Increase HumiSoil® Production with an Additional 4 Million Cubic Yards
The Sustainable Green Team, LTD. Enters into a Purchase Agreement to Increase HumiSoil® Production with an Additional 4 Million Cubic Yards.
About this update from Sustainable Green Team, Ltd.
[{"type":"text","content":"\n Orlando, FL, May 24, 2023 (GLOBE NEWSWIRE) -- The Sustainable Green Team, LTD. (OTCQX: SGTM) (“SGTM” or the “Company”), a provider of environmentally conscious solutions in the arbor care, disposal, and recycling industries enters into a Purchase Agreement with New Earth Technologies PTE. LTD. (“New Earth”) to increase HumiSoil® production. The Purchase Agreement allows SGTM to obtain additional catalyst ingredients to manufacture HumiSoil® and other related products, enough to produce an additional 4 million cubic yards of HumiSoil®. New Earth has agreed to deliver the ingredients to SGTM’s west coast facility located in Forks, Washington. This arrangement also gives SGTM access to international markets for VRM Biologik products which are used to support food and water security programs globally. HumiSoil® is a humus rich soil enhancer. HumiSoil® helps to stimulate natural biological reactions responsible for organic matter conversion and assists in the maintenance of healthy soil biology. Regular use of HumiSoil® incubates in place the natural biological activity responsible for water manfacture in soil. Tony Raynor, SGTM’s Chief Executive Officer commented, ”This purchase agreement with New Earth Technologies will allow SGTM to continue expanding it’s footprint in the West Coast. Our facility just outside of Port Angeles is a prime location for producing and exporting HumiSoil®.” “We are excited to work with SGTM to consolidate manufacturing capacity for the VRM Biologik suite of products in North America and also to bring capacity for the export of these products and programs from the USA to areas in Africa and the Middle East which very much need support in developing local food and water security,” commented Mr. Rowell Soon, Director of New Earth Technologies. New Earth Technoloigies PTE. LTD. New Earth Technoloigies PTE. LTD. is a Singapore based private investment group with master license rights for distribution of VRM Biologik products and processes in North America. New Earth Technologies is working with SGTM to manufacture VRM Biologik’s HumiSoil® and XLR8 Bio® products and has appointed SGTM to act as its in-country point of contact for Sub-licensees and clients who make sue of the suit...