For this October newsletter, I am pleased to report that there has been a steady growth, month over month, in sales for Green Earth Technologies. We are now seeing product adoption and penetration on all fronts, especially for the automotive appearance products currently on the marketplace. The G-Branded products are in demand across the country, despite the financial market turmoil. Consumers are now doing more of their own work in and around their homes -- where our product lines provide GREEN solutions that outperform anything available.
On the strategic front, we have been developing relationships with additional distributors such as the Rotary Corporation. These types of deals will help with our expansion into world markets with large partners who are capable of handling very large scale operations.
On a sad note, I would like to pay my condolences to the family of Bradford D. Smith, one of the independent members of our Board of Directors, who passed away unexpectedly at the age of 50 on October 3rd. We treasured Brad Smith’s involvement with the company and his K-12 GREEN education initiatives. We will continue to pursue his vision to teach children across America how to be GREEN. We will miss him and his devotion to our mission.
Accordingly, we have selected a new member of our board, Humbert B. Powell. Mr. Powell serves as a senior member of the Equity Capital Markets and Investment Banking Divisions of Sanders Morris Harris, which during the course of the last 4 years has raised more than $2.8 billion for more than 30 oil, gas and energy-related transactions. Before joining SMH Capital in 1996, Mr. Powell was the Chairman at Marleau, Lemire USA and Vice Chairman of Marleau, Lemire Securities, Inc. He also served as a Senior Managing Director in the Corporate Finance Department of Bear Stearns & Co., with domestic and international responsibilities for the investment banking effort. Previously, he was a Senior Vice President and Director of E.F. Hutton & Co., where he was employed in various capacities for 18 years. Mr. Powell also sits on the board of trustees at Salem-Teikyo University, and has previously served on the boards of Lottery Dynamics, Alliance Distribution, World Water Corporation, Endeavor International Corp. and Green Holdings Inc.
Moving forward, I would like to announce that we will be publishing our June 30, 2008 audited financial statements shortly. These financials, as well as our annual report, will be posted on both our website (www.getg.com) and Pink Sheets (www.pinksheets.com). Our fiscal year-end is June 30; consequently, these financials will essentially only show one month of sales. Our intention is to move toward NASDAQ as fast as legally possible. Fortunately for us, we have a stellar CFO who came from EDGAR Online and is an expert in understanding the complexities of Sarbanes-Oxley compliance and regulatory reporting requirements.
Additionally, we will be returning to AAPEX (Automotive Aftermarket Products Expo) this November, exhibiting at one of the largest automotive aftermarket tradeshows in the world. Green Earth Technologies officially launched last year at AAPEX, and have been recognized by Popular Mechanics as MOST INNOVATIVE NEW PRODUCT. AAPEX, which is attended by almost all retailers that sell automotive products, will be the perfect venue to re-cap all of our current initiatives and successes, as well as introduce a series of new products and “Earth” shaking announcements…leading to increased distribution in 2009.
I am very excited about the future of the company and the new products in development. Our employees are world class and we are delivering on the promise that our customers always come first. We are hungry to change the world’s bad habits and excited about bringing innovation to our customers. We continue to think globally and are charging ahead toward disrupting old solutions.