STAMFORD, Conn., Feb. 22 /PRNewswire-FirstCall/ -- Green Earth Technologies (Pink Sheets: GETG), a leading manufacturer and marketer of "green" environmentally safe consumer packaged goods and products, announced today that it has received an equity investment from E&B Natural Resources Management through its affiliate Elysium Natural Resources LLC. E&B is one of California's largest privately held oil and gas companies and in addition to the investment, the company will initiate an internal program to use GETG ultimate biodegradable products in its operations.
Green Earth Technologies' products include G-OIL™ SAE 5W-30, the first and only bio-based motor oil to pass all the engine test criteria for The American Petroleum Institute (API) SM Certification and be officially granted the API "Donut." G-OIL is also the official motor oil of the American Le Mans series. Green Earth Technologies also produces a full line of fairly priced automotive appearance products and recently introduced a G-Marine line, all of which enable the consumer to go green without sacrificing performance.
Francesco Galesi, Chairman of E&B commented, "E&B Natural Resources is enthusiastic in participating as an investor in Green Earth Technologies. We believe the exciting new products of Green Earth Technologies will complement our oil and gas enterprise. The Galesi Group will also be one of the main distributors of Green Earth Technologies' products."
Jeff Marshall, Chairman and CEO of Green Earth Technologies stated, "It's a vote of confidence that a conventional large oil and Gas Company has embraced a green solution, committing to an environmental alternative, G-OIL. We are very proud to be selected as an E&B partner."
ABOUT E&B Natural Resources Management (E&B)
Established 1971, E&B is headquartered in Bakersfield, CA and is one of California's largest privately held oil and gas companies. In addition to California, E&B also has oil and gas production in Louisiana, Texas and Wyoming. E&B produces on equivalent basis 5,000 barrels a day and, along with its affiliates, has over 250 employees.
ABOUT GREEN EARTH TECHNOLOGIES
Green Earth Technologies produces G-branded superior performing totally 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. The G-brand family of products include G-OIL(TM), 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.
SOURCE Green Earth Technologies