ORLANDO, Fla., May 15, 2024 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTCQX: SGTM) ($SGTM), a leading provider of sustainable and eco-friendly products, announces signing a Letter-of-Intent (LOI) with Revive Terra Corporation ("Revive") to purse a merger on corporate operations.
Revive Terra Corporation, a Canadian Corporation, is recognized for its groundbreaking approaches to soil restorations and carbon sequestration products and methodologies. Revive Terra's management has advanced sustainable practices and driven positive environmental outcomes through innovations and collaborations while creating sustainable agricultural and land management operations for its clients.
Once the Companies enter a definitive agreement, both companies will become one entity. The corporate combination expects to create a synergistic approach combining human resources, technologies, products, and future innovations and scaling operations to provide worldwide sustainable solutions. Globally, Sustainable Green Team, Ltd. has a reputation for its unwavering dedication to eco-friendly practices and pioneering technologies. Meanwhile, Revive Terra has earned acclaim for its groundbreaking approaches to soil restoration and carbon sequestration.
Chad Clovis, Director of Revive Terra, Comments on the possible merger: "We are thrilled to announce the culmination of a significant milestone in the sustainability sector—the potential merger of Sustainable Green Team and Revive Terra. This union represents a bold step forward in our commitment to environmental stewardship and innovative solutions. As Director, I am honored to lead this transformative venture. Our shared vision is to pioneer a new era of sustainability where ecological responsibility and economic growth go hand in hand. By integrating our expertise, resources, and passion, we seek to redefine industry standards and drive positive change on a global scale."
By combining operations and complementary capabilities, SGTM and Revive believe they can accelerate the development and deployment of sustainable solutions, creating positive environmental outcomes across diverse sectors, from agriculture to renewable energy.
Tony Raynor, CEO/Founder of Sustainable Green Team, expressed his excitement about the potential merger: "Together, we can form a dynamic powerhouse capable of tackling the most pressing challenges facing our planet. Our joint commitment to sustainability extends beyond mere rhetoric—it is part of everything we do. Environmental integrity is our guiding principle, reflected in our operational practices and product innovations. Through collaborative partnerships, community engagement, and continuous innovation, a successful merger would be goal oriented, to strive to create a more resilient, equitable, and prosperous world for future generations."
Upon completing due diligence and other regulatory overviews, Revive Terra and SGTM will provide timely updates to inform shareholders and customers.
Together, the Companies embark on a potential new chapter, with boundless possibilities and endless opportunities to make a meaningful difference in global sustainability.
For media inquiries or further information, please get in touch with Tony Raynor at 1-407-886-8733 and traynor@sgtmltd.com.
About Sustainable Green Team, Ltd. (OTCQX: SGTM) ($SGTM):
Sustainable Green Team, Ltd. (OTCQX: SGTM) ($SGTM) is a leading Company in climate reversing technologies, a provider of sustainable solutions to improve environmental health, promote sustainable practices, and deliver eco-friendly products and services. SGTM aims to make significant contributions to global sustainability; learn more by visiting the Company website, https://thesustainablegreenteam.com/, SGTM's YouTube Channel, Corporate Bloomberg TV commercial - https://www.youtube.com/watch?v=d_0rLESvJJ0, corporate video - https://www.youtube.com/watch?v=xJ7Dp9Coi88&t=1s and SGTM's Blogs - https://thesustainablegreenteam.com/sgtm-blog.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains forward-looking statements included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products, and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. The Company cautions readers not to rely on any such forward-looking statements, which speak only as of the date made. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact:
Tony Raynor, CEO
Sustainable Green Team, Ltd. (OTCQX: SGTM) ($SGTM)
www.sustainablegreenteam.com
Traynor@sgtmltd.com
407-886-8733
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c06fc9d-a09a-4c99-95b0-65cd221023f5
