Sustainable Green Team, Ltd. (SGTM) Reports Over $9.2 Million in Revenue for Q1 Ending April 3, 2021, After Recording Over $30.5 Million in Revenue for Fiscal Year 2020
Sustainable Green Team, Ltd. (OTC: SGTM) announced strong financial results for Q1 2021, reporting $9,291,931 in revenue and $1,400,720 in gross profit. Compared to Q1 2020, revenue increased by 16.7%, gross profit by 8.6%, and total assets grew by 1.4%, now totaling $41,477,914. CEO Tony Raynor credited the team for the quarterly success and expressed optimism for continued financial strength in 2021 as they implement growth strategies.
- Revenue increased by 16.7% year-over-year in Q1 2021.
- Gross profit rose by 8.6% compared to the same quarter last year.
- Total assets grew to $41,477,914, reflecting an increase of 1.4% year-over-year.
- None.
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ORLANDO, Fla., June 08, 2021 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTC: SGTM) (“SGTM” or the “Company”), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, today announces another successful quarter after a strong 2020 YE.
The Company recorded
SGTM’s CEO and Director Tony Raynor states, “Our continues successful recorded financials each quarter and year end is all thanks to our team. I’m a firm believer that you are only as strong as your team, and our strong growing financials proves such. This year we are anticipating to continue recording strong financials as we start implementing our strategy for 2021 we plan to share soon as they progress.”
About Sustainable Green Team, Ltd. (SGTM)
Sustainable Green Team, Ltd. (“SGTM”), through its subsidiaries, provides tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales. The Company was established with the objective of providing a solution for the treatment and handling of tree debris that has historically been disposed of in landfills, creating an environmental burden and pressure on disposal sites around the nation. The Company’s solutions are founded in sustainability, based on vertically integrated operations that begin with collecting tree debris through its tree services division and collection sites and then, through its processing division, recycling and using that tree debris as a feedstock that is manufactured into a variety of organic, attractive, next-generation mulch products that are packaged and sold to landscapers, installers and garden centers. The Company plans to expand its operations through a combination of organic growth and strategic acquisitions that are both accretive to earnings and are positioned for rapid growth from the resulting synergistic opportunities identified. The Company’s customers include governmental, residential and commercial clients.
SGTM currently has two wholly owned subsidiaries to efficiently assess impacted areas, recover, manufacture, and distribute:
National Storm Recovery, LLC
National Storm Recovery, LLC (“NSR”), is composed of a team that has expertise in dangerous tree removal, debris hauling and debris management. The Company’s management team assesses storms by deploying its mobile command center to designated sites and then strategizing with its national partners, which include government agencies, prime contractors and subcontractors.
Central Florida Arborcare (“CFA”), a DBA of NSR has spent more than 40 years perfecting its technique for proper tree care, removal and services. From tree removal, stump grinding, tree care, grapple hauling and storm recovery, CFA ensures properties remain safe and businesses can continue as usual.
To learn more please visit: https://www.centralfloridaarborcare.com
Mulch Manufacturing, Inc.
Mulch Manufacturing, Inc. (“MMI”), being vertically integrated, receives large volumes of wood fiber recovered from Central Florida Arborcare to feed raw material needs. MMI has the product line and distribution system to address a substantial customer base, which can be expanded.
To learn more please visit: https://mulchmfg.com
For additional information regarding SGTM’s operations, expansion plans and production facilities, view the Company’s presentation.
SAFE HARBOR ACT: Forward-Looking Statements are 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, listing on the CSE, 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. 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. No information in this press release should be construed in any matter whatsoever as an indication of the future performance of the Company’s revenues, financial condition or stock price.
Company Contact:
Anthony Raynor
CEO & Director
407.886.8733 Office
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
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