Dec 1 2009
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 two additional cash investments and operating support from Techtronic Industries North America, Inc. ("TTI-NA").
This is in addition to an option for additional cash investments by December 31, 2009. TTI-NA 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. GET is currently a supplier of TTI.
Through this investment, TTI-NA continues to assist Green Earth Technologies with research and development for future outdoor products and will allow them to leverage their SAP accounting system, enabling GET to improve processes around purchase orders, accounts receivable, manufacturing, inventory control and financial reporting. TTI-NA's added support will also allow GET to scale up production to meet the anticipated demand for G-OIL and G1 Racing Oil while further developing new items destined for the shelves this month, including G-FUEL Fuel Stabilizer, G-FUEL Charcoal Lighter Fluid and G-CLEAN Grill & Surface Cleaner, all environment safe and made with American grown base oils. GET will also continue developing and marketing products designed to work specifically in TTI-NA's equipment.
"TTI's additional funding is a testament to their confidence in Green Earth Technologies as we work together to identify and satisfy un-met GREEN consumer needs," said GET Founder & Chief Marketing Officer, Jeffrey Loch. "We have a full line up of innovative environment safe high performing green products destined for the shelves in December 2009."
Source: http://www.getg.com/