Press Release Source: Green Earth Technologies
On Monday June 15, 2009, 9:00 am EDT
STAMFORD, Conn., June 15 /PRNewswire-FirstCall/ -- Green Earth Technologies (Pink Sheets: GETG - News), a leading manufacturer and marketer of "green" environmentally safe consumer packaged goods and products, announced today that it has received an investment from Techtronic Industries North America, Inc. ("TTI-NA"). TTI-NA, which sells RYOBI power tools and RYOBI and HOMELITE hand held gas and electric outdoor power equipment, including string trimmers, blowers, chain saws and hedge trimmers, is planning to ramp up its "green" initiative and will be working with GET on research and development for future products. GET is currently a supplier of TTI.
With TTI-NA's support, GET will begin to ramp up on production for its "G"-Branded products as well as expand distribution and marketing of existing products nationwide and globally. Currently, TTI-NA distributes RYOBI products packaged with G-OIL® to consumers through The Home Depot, and RYOBI 4 cycle Straight Shaft and Curved Shaft String Trimmers are factory packaged with 2.6 oz 4-Cycle 10W-30 G-OIL. RYOBI 2 cycle Straight Shaft and Curved Shaft String Trimmers, Brush Cutter, Backpack Blower, Blower/Vac and Hedge Trimmer are packaged with 2.6 oz 2-Cycle G-OIL Engine Oil. The RYOBI 2 cycle Pole Pruner comes with 2.6 oz G-OIL 2-cycle engine oil and with 8 oz. G-OIL Bar and Chain Oil. Lastly, the RYOBI Pruner attachment is packed with 8 oz. G-OIL Bar and Chain Oil.
"It has been an exciting time for Green Earth Technologies as we became the official motor oil at the American Le Mans Series, received the API 'Donut' for G-OIL® SAE 5W-30 and have now expanded our relationship with TTI-NA," said GET Founder & CMO, Jeffrey Loch. "We are extremely appreciative of TTI-NA's increased support, which we believe will help Green Earth Technologies to be a leading 'green' marketing and manufacturing company."
TTI-NA distributes products throughout The Home Depot markets in the USA, Mexico and Canada. It is also the recipient of three coveted awards in 2008 from The Home Depot including the Vendor of the Year Award for Lawn & Garden, the Marketing Award for power tools and Runner Up for Innovation for power tools.
"We couldn't be more pleased to strengthen our relationship with Green Earth Technologies which has consistently proven to produce high quality and eco-friendly products," said Lee Sowell, President of TTI-NA Outdoor Power Equipment. "Joining forces with GET for research and development is a win-win for us all and will only benefit our consumers in the long term with additional 'green' product offerings."
TTI-NA is based in Anderson South Carolina and is a world-class supplier of superior home improvement and construction tools with a strong commitment to innovation and quality. The portfolio that TTI-NA offers includes a full line of power tool and outdoor equipment products.
ABOUT GREEN EARTH TECHNOLOGIES
Green Earth Technologies produces G-branded superior performing green products made with American-grown base oils that utilize the power of nanotechnology to deliver environmentally friendly products with no compromise... meaning, consumers can now "do their part" without having to give up performance or value: Save the Earth - Sacrifice Nothing® is the Company's tagline. The G-brand family of products include G-OIL®, G-LUBE (TM), G-WASH(TM), G-GLASS(TM), G-CLEAN(TM), G-SCENT(TM), G-WHEEL(TM), G-PROTECT(TM) and G-TIRE(TM), and are offered in a wide range of automotive categories including performance and appearance chemicals. GET products are now available at The Home Depot, Meijers, Kroger, Albertson's, Giant, Shop Rite, VIP, National Auto, Fred Meyer, participating ACE & True Value dealers, Redners, Trader Horns, The Andersons, Biggs, Bennett Auto, Frank's Auto Supermarket and Amazon.com. Please visit www.getg.com for the latest news and in-depth information about GET and its brands.
Statements made in this release that relate to future plans, events, financial results or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are based upon current information and expectations. Actual results may differ materially from those anticipated as a result of certain risks and uncertainties. Investors should also be aware that while the Company from time to time does communicate with securities analysts, it is against the Company's policy to disclose to them any material non-public information or other confidential commercial information. Investors should not assume that the Company agrees with any report issued by any analyst or with any statements, projections, forecasts or opinions contained in any such report.