Sustainable Green Team (SGTM) Signs Memorandum of Understanding Agreement for Southeastern U.S. Waste Management Project

Rhea-AI Summary

Sustainable Green Team, Inc. (SGTM) signs a Memorandum of Understanding for a $100 million waste management project in the southeastern United States, expanding its presence and creating a distribution hub. The agreement grants exclusive distribution rights to an agent for specific waste treatment processes in various industries, solidifying partnerships and emphasizing environmental stewardship.

ORLANDO, Fla., March 22, 2024 (GLOBE NEWSWIRE) -- Sustainable Green Team, Inc. (OTCQX: SGTM) ($SGTM) ("SGTM" or "the Company"), a leading provider of sustainable waste management solutions, announced signing a Memorandum of Understanding (MOU) agreement for a waste management project in the southeastern United States. The MOU, signed on March 15, 2024, will remain in effect for 36 months, with joint commitments expected to generate sales of approximately $100 million.

The MOU agreement calls for core technologies to address several unique waste treatment processes in specific client segments as follows:

• Hog/Swine farms and pork production facilities.
• Chicken and poultry processing facilities.
• Military bases pollutants, waste, chemical by-products, and other base treatment facilities.

As per the above specific segments, SGTM has granted an exclusive distribution right to an agent in a defined territory including complete access to SGTM's products and services.

The Agreement expands SGTM's presence in the southeastern United States and will create a distribution hub to improve the overall living conditions in the region. The MOU also solidifies the partnership between SGTM and the project stakeholders, detailing both parties' collaborative commitments to design and implement SGTM's processes in the region and effectively leverage the core technologies to address the unique waste management challenges the specified client segments face.

"We are thrilled to enter into this Memorandum of Understanding for the 'Southeast USA Waste Management Project,'" Tony Raynor, CEO of the Sustainable Green Team, commented. "This Agreement demonstrates our commitment to sustainable waste management and highlights the core technologies' effectiveness in addressing unique waste treatment processes throughout various industries. We look forward to working closely with our agent in the territory and delivering innovative solutions to these client segments."

The signing of this MOU marks another important milestone for SGTM and furthers its position as a leader in sustainable waste management solutions. With an unwavering focus on environmental stewardship and cutting-edge technologies, SGTM is well-positioned to continue to make a significant impact in the waste management industry.

For media inquiries or further information, please contact Tony Raynor at 1-407-886-8733 and traynor@sgtmltd.com.

About Sustainable Green Team, Ltd. (OTCQX: SGTM) ($SGTM):

Sustainable Green Team (OTCQX: SGTM) ($SGTM) is a leading Company in climate reversing technologies, a provider of sustainable solutions to improve environmental health and promote sustainable practices, delivering eco-friendly products and services. SGTM aims to make significant contributions to global sustainability; learn more by visiting the Company website, https://thesustainablegreenteam.com/, SGTM's YouTube Channel, corporate videos - https://www.youtube.com/watch?v=xJ7Dp9Coi88&t=1s & https://www.youtube.com/watch?v=Kycfy-UvQsU, and SGTM's Blogs - https://thesustainablegreenteam.com/sgtm-blog.

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.

Company Contact
Tony Raynor, CEO
Sustainable Green Team, Inc. (OTCQX: SGTM)
Traynor@sgtmltd.com
407-886-8733

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd2a3cb5-a1ae-4178-be44-aef794332f92

FAQ

What project did Sustainable Green Team, Inc. (SGTM) sign a Memorandum of Understanding for?

SGTM signed an MOU for a waste management project in the southeastern United States.

When was the Memorandum of Understanding signed?

The MOU was signed on March 15, 2024.

What is the expected sales generated by the joint commitments from the MOU agreement?

The joint commitments are expected to generate sales of approximately $100 million.

Which specific waste treatment processes are addressed in the MOU agreement?

The MOU agreement addresses waste treatment processes in Hog/Swine farms, pork production facilities, Chicken and poultry processing facilities, and Military bases.

What territory does the exclusive distribution right cover?

The exclusive distribution right covers a defined territory in the southeastern United States.