- SGTM adds grapple hauling trucks to its fleet, each projected to generate over $400,000 in gross revenue
- Experts predict very active 2020 hurricane season in Florida
- Recent construction upgrades to production facilities expected to increase mulch manufacturing capability by 4 million bags per year
- Incremental revenue expected to add substantially to SGTM’s impressive Q1-2020 results of $6.2 million in revenue, $1.7 million in gross profits
Sustainable Green Team (OTC: SGTM), a leading provider of environmentally-beneficial solutions for tree and storm waste disposal, recently added new grapple hauling trucks to its fleet as part of the company’s strategy focused on expanding its vertically integrated operations. Through its subsidiaries, SGTM transforms natural waste created by hurricanes, ice storms and floods into useful organic products that benefit the environment through tree services that include debris hauling, biomass recycling, waste removal, mulch manufacturing, packaging and sales, and the production of playground surface material.
SGTM’s strategic move to purchase the grapple hauling trucks coincides with expert predictions forecasting a very active storm season in Florida for 2020 (http://ibn.fm/vNvdC), necessitating the need for the company to upgrade its fleet in preparation for the increasing demand for tree recovery/collection services. The grapple hauling trucks also represent a key investment for other SGTM operations, with each projected to generate over $400,000 in gross revenue with a capacity to haul up to 1,250 loads and recover roughly 50,000 cubic yards of feedstock material.
“Some great benefits of the use of grapple truck hauling are collecting revenue and building our feedstock for our rapidly growing mulch manufacturing business,” said SGTM CEO and director Tony Raynor in recent statements (http://ibn.fm/52sFf). “Getting paid for your feedstock in the mulch business is a recipe for success and great profit margins. Another great advantage to owning a fleet of grapple trucks is they are one of the most efficient ways to collect storm debris after a hurricane, flood or ice storm. Storm recovery is a multibillion-dollar business, and we are prepared to help in any cleanup process.”
SGTM’s vehicle investment builds upon the company’s expansion efforts that have also included recent construction upgrades to its waste management landfill facility. Besides increasing its mulch manufacturing capability by 4 million bags per year, the company recently entered the playground resurfacing material market last July through a certification earned by the International Play Equipment Manufacturers Association (“IPEMA”). The incremental revenue expected from these activities is expected to enhance the company’s already-impressive earnings from the first quarter of 2020—figures that include revenues of over $6.2 million and gross profits of over $1.7 million (http://ibn.fm/2R7S2).
SGTM operates with a mission of sustainability and commitment to the environment – primary factors behind the company’s July 2020 rebranding, which included a name and ticker change from National Storm Recovery Inc. (OTC: NSRI) to Sustainable Green Team, Ltd. (OTC: SGTM). The company takes its role as a “steward of the environment” seriously, driving its mission forward by providing synergistic and environmentally beneficial solutions that transform tree and storm waste disposal into attractive, environmentally beneficial organic products – all while providing value to shareholders and servicing their growing client roster that includes commercial businesses and government agencies.
To learn more about this company, view the investor presentation at http://ibn.fm/NssTC
NOTE TO INVESTORS: The latest news and updates relating to SGTM are available in the company’s newsroom at http://ibn.fm/SGTM
