SUSTAINABLE GREEN TEAM, LTD. Under the terms of the LOI,
Upon entering into a Definitive Agreement, the partnership will unfold in three essential phases: strategy development, knowledge transfer, and expanded product offerings.
During the first phase, scheduled for completion by the end of the second quarter of 2024, D2E will collaborate closely with SGTM-VRM to devise and test a comprehensive sales, marketing, and distribution strategy for HUMISOIL® and XLR8®Bio in the designated territory.
Moving into the second phase, SGTM-VRM will facilitate the transfer of knowledge and technology to D2E. This transfer will empower D2E to establish a robust system and infrastructure for manufacturing, distributing, and selling HUMISOIL® and XLR8®Bio within the territory. This phase is anticipated to conclude by the end of the third quarter of 2025.
The third and final phase will witness D2E taking the reins in manufacturing, sales, and distribution of HUMISOIL® and XLR8®Bio. D2E will also introduce new products dedicated to waste mitigation, odor elimination, and bio-cleaning. This phase is slated to commence in
With a target of generating over
SGTM and D2E are excited about this sustainable collaboration, which will bring eco-friendly solutions to the
"The size of the
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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:
Traynor@sgtmltd.com
407-886-8733
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5aceac15-9452-46a4-8d7f-d3009744859c
Sustainable Green Team Ltd. (SGTM) Signs Letter-of-Intent Expanding Their Footprint in the Northeast Region
Sustainable Green Team, Ltd. (OTCQX: SGTM) ($SGTM) announces signing a Letter-of-Intent (LOI) with D2E; agreement calls for an innovative collaboration focused on manufacturing, distribution, and sales of sustainable, eco-friendly products in the Northeast United States - https://thesustainablegreenteam.com/
2024 GlobeNewswire, Inc., source
