Sustainable Green Team Secures Groundbreaking $20M Middle East Deal

Rhea-AI Summary

Sustainable Green Team announces successful $20 million Middle East deal, including $12 million worth of equipment sale and $8 million for transportation and reinstallation.

Positive

• Sustainable Green Team achieves significant milestone with $20 million Middle East deal, demonstrating growing demand for environmentally-friendly products in the region.

Negative

• None.

Agreement showcases company's ongoing strategic transformation

ORLANDO, FL / ACCESSWIRE / October 6, 2023 / Sustainable Green Team (OTCQX:SGTM) ("Company"), a leader in environmentally conscious solutions in the arbor care, disposal, and recycling industry, proudly announces the successful sale of $12 million worth of state-of-the-art equipment as part of a groundbreaking Middle East deal. In addition to the equipment sale, the transaction also includes an allocation of $8 million for transportation and reinstallation, bringing the total deal value to an impressive $20 million.

Earlier this month, Sustainable Green Team invoiced approximately $7.5 million from its innovative new product lines, HumiSoil® and Core Catalyst, to the Middle East. These achievements demonstrate the growing demand for environmentally-friendly and sustainable products in the region.

Tony Raynor, CEO of Sustainable Green Team, said: "We are delighted to be entering into this partnership, which represents a significant milestone for Sustainable Green Team as we continue our strategic transformation.

"Our commitment to sustainability drives us to convert underutilized assets into groundbreaking solutions. With our expertise in recycling, we will provide essential knowledge, cutting-edge equipment, and sustainable fiber solutions to the Middle East, a region with a tremendous need for soil enhancement."

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Leveraging its recycling prowess, Sustainable Green Team has developed a comprehensive equipment solution that not only addresses the urgent need for sustainable practices but also tackles the scarcity of high-quality soil. The company's cutting-edge equipment is set to revolutionize the approach to soil enhancement in the Middle East, paving the way for a more sustainable and fruitful future.

Sustainable Green Team extends a warm invitation to industry stakeholders, partners, and enthusiasts to join in celebrating this momentous achievement. Together, we can make a tangible difference in the world, one step at a time.

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About Sustainable Green Team

Sustainable Green Team (OTCQX: SGTM) is at the forefront of promoting environmental sustainability through innovative recycling solutions. Committed to preserving and protecting our planet, we specialize in transforming underutilized assets into valuable resources that benefit both the environment and society. With our expertise and cutting-edge equipment, we strive to create a greener future for generations to come. For more information, please visit www.sustainablegreenteam.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products, and services, competitive positions, growth opportunities, plans and objectives of Management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. The Company cautions readers not to rely on any such forward-looking statements, which speak only as of the date made. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

For more information

Tony Raynor
CEO & Chairman of the Board
Traynor@sgtmltd.com
407-886-8733

SOURCE: SUSTAINABLE GREEN TEAM LTD.
via PRISM Mediawire, LLC

View source version on accesswire.com:
https://www.accesswire.com/790610/sustainable-green-team-secures-groundbreaking-20m-middle-east-deal

FAQ

What is the value of the Middle East deal?

The Middle East deal is valued at $20 million, including $12 million worth of equipment sale and $8 million for transportation and reinstallation.

What products did Sustainable Green Team invoice to the Middle East?

Sustainable Green Team invoiced approximately $7.5 million worth of its innovative new product lines, HumiSoil® and Core Catalyst, to the Middle East.

What does the deal represent for Sustainable Green Team?

The deal represents a significant milestone for Sustainable Green Team as they continue their strategic transformation.

What is the focus of Sustainable Green Team's expertise?

Sustainable Green Team's expertise lies in recycling and providing knowledge, cutting-edge equipment, and sustainable fiber solutions.

What does the equipment solution aim to address?

The equipment solution aims to address the urgent need for sustainable practices and the scarcity of high-quality soil in the Middle East.