Sustainable Green Team, Ltd. Announces Debt Reduction Initiative and Returns Over 18% of Common Stock to the Treasury

Core Insights - Sustainable Green Team, Ltd. (SGTM) has announced a restructuring plan aimed at reducing debt and enhancing shareholder value, reflecting its commitment to investors and the need to adapt to a changing market [1][5] Debt Reduction and Financial Strategy - SGTM has negotiated settlements with significant creditors, establishing payment plans that will reduce debt by over $25 million, with a current achievement of a $6 million reduction [2] - The company has rescinded 23 million shares of common stock to the treasury as part of its debt reduction strategy, which is expected to enhance market liquidity and provide shareholders with improved flexibility and potential returns [3] Operational Enhancements - SGTM has strengthened its team by bringing in new advisors and incorporating innovative technologies and development strategies, which will improve operational capabilities and drive solutions in the environmental sector [4] Commitment to Shareholder Value - The CEO of SGTM emphasized the company's commitment to maximizing shareholder value through strategic measures aimed at safeguarding existing shareholders' interests and attracting new investors [5] Company Overview - SGTM is dedicated to converting waste into wealth and advancing environmental restoration, focusing on climate reversal and reducing greenhouse gas emissions through innovative products like "Water Less Garden" soil and "Living Mulch" [6]