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Top Technology Venture Capitalist Veteran to Help Company Achieve Market Potential for its G-Branded line of Environmentally-friendly Products
Green Earth Technologies, Inc. (Pink Sheets: GETG), a manufacturer and marketer of environmentally friendly consumer products, today appointed Jeff Marshall to the position of President and Chief Executive Officer, effective February 4, 2008. Mr. Marshall will also join Green Earth's Board of Directors. Mr. Marshall is a seasoned executive and venture capitalist who, over a 30-year career, has helped many early stage companies grow to be significant companies in their market space. Dr. Mat Zuckerman, founder of GET, will assume the positions of Chairman and Chief Technology Officer.
Mr. Marshall most recently served as Managing Partner of CRT Private Equity, the Private Equity investment arm of CRT Capital Group. Prior to founding CRT Private Equity, he was Senior Managing Partner at VantagePoint Venture Partners with over $3.5 Billion under management and four technology investment funds. Prior to VantagePoint, Mr. Marshall spent 11 years at Bear Stearns & Co., directing the company's technology strategies, as Senior Managing Director, Chief Technology Officer and Head of the Communications Technologies Group (CTG).
Dr. Zuckerman stated, "We are extremely pleased to have Jeff Marshall join as our new CEO. The board of directors was impressed with Jeff's extensive experience and in-depth understanding of our growth potential and development needs. From finance to technology, his proven leadership in building growth-oriented companies and the passion he brings as an individual seeking better solutions to address worldwide problems will make a significant difference to the company."
Green Earth Technologies (GET) is an emerging developer of 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. The company's G-Brand family of products, which includes G-OIL™, G-WASH™, G-GLASS™, G-SCENT™, G-WHEEL™ and G-TIRE™, are offered in a wide range of automotive categories including performance & appearance chemicals. The Company will establish its new headquarters in Stamford, CT.
Mr. Marshall stated, "Joining Green Earth Technologies at this time is a tremendous opportunity. I feel there's a desperate need for technology innovation and new solutions to protect the environment and reduce the world dependence on carbon-based petroleum products. As such, I believe GET is positioned to deliver a whole new set of products using patented and proven technologies to help shift the world's dependence and utilization of non-renewable resources to one of 100% bio-based ingredients with a zero carbon footprint."
Mr. Marshall has been working with high growth technology companies for over 30 years. His proven experience has come from working with leading technology companies in marketing, brand development, and technology development. Mr. Marshall also contributed at the CEO or Board level to such companies as QuantumClean, Insoft, Netscape, Network Equipment Technologies, Puresoft, Remedy, Synoptics, and Wellfleet. Mr. Marshall was selected by Communications Week as an "Industry Visionary" on multiple occasions, has four times been voted as one of the "25 Most Influential Leaders" in the technology industry and was named "1997 User of the Year" by Network World. He has also been highlighted by Institutional Investor as a technology leader representing both the buy and sell sides in innovative technology trends and served as a Board member of the Securities Industry Association Technology Committee.
A resident of Greenwich, CT, Mr. Marshall received bachelor's degrees in both Finance and Computer Applications & Information Systems from New York University and is a graduate of the Harvard Management Program in Strategic Technology and Business Development.
About Green Earth Technologies, Inc.
Green Earth Technologies produces "G" - Branded superior performing totally green products made with American grown base oils that utilizes 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, which include G-OIL™, G-WASH™, G-GLASS™, G-SCENT™, G-WHEEL™ and G-TIRE™, are offered in a wide range of automotive categories including performance & appearance chemicals. Please visit www.GETgreenearth.com or www.getg.com for the latest news and in-depth information about G.E.T. and its brands.
SAFE HARBOR STATEMENTS:
Certain statements in this release regarding future events and developments, future performance, management's expectations, beliefs, plans, or projections are "forward looking statements" within the meaning of the federal securities laws. Such statements are subject to a number of risks and uncertainties, and are based on the Company's current expectations, and speak only as of the date of such statements. Actual Company results may differ materially from any forward-looking statements due to such risks and uncertainties.
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John Mills or Ina McGuinness, 310-954-1100
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