Green Globe International, Inc. Updates Plans for Financial Reporting
April 14 2010 - 8:20AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today updated the company's plans
to disclose quarterly and annual financial information to
shareholders and the public markets through the Pink Sheets OTC
Disclosure and News Service at www.otcmarkets.com. The company
expects to submit its application to the service within the next
week and, after filing the appropriate information, to ultimately
achieve "Current Information" status.
In April 2009, Green Globe International first announced its
intention to utilize the Pink Sheets OTC Disclosure and News
Service to report its periodic financial information. The
company subsequently filed a Form 15 with the Securities and
Exchange Commission, which, once the subscription to the OTC
Disclosure and News Service is completed and the required financial
reports and attorney opinions are filed, will allow the company to
achieve "Current Information" status at
www.otcmarkets.com.
"We are currently working on several initiatives that we believe
will increase the use of Green Globe branded programs in the United
States and internationally," said Steven R. Peacock, CEO and
Managing Director for Green Globe International, Inc. "Some of
the new brand applications are already in place, and we plan to
announce them to shareholders shortly. As a result, we have
prioritized the filing of quarterly and year-end financial results,
and the OTC Disclosure and News Service has been judged as the most
appropriate venue for the company to disclose this information.
"We hope shareholders will continue to follow our progress
through our planned future announcements and financial filings."
The Green Globe brand and program, which traces its roots back
to the United Nations Rio de Janeiro Earth Summit in 1992, where
182 Heads of State endorsed the Agenda 21 principles of Sustainable
Development, has primarily been used in the travel and tourism
industry but is now being expanded to include a growing number of
environmentally responsible businesses in a variety of market
sectors. The Green Globe brand is an ideal symbol for the world's
increasing awareness of environmental responsibility and response
to global climate change.
The company encourages all shareholders and others interested in
following the progress of the Green Globe brand to subscribe to
receive email alerts whenever new information is made
public. To subscribe, please visit
http://www.greenglobeint.com/stayconnected/email/.
About Green Globe International, Inc.
Green Globe International, Inc. is the worldwide owner of the
Green Globe brand, which includes the leading sustainability
certification and benchmarking programs, carbon footprint
calculation and offset programs, and a broad range of consulting
services. Green Globe International has been admitted as an
affiliate member of the United Nations World Tourism
Organization. The World Travel & Tourism Council (WTTC),
the business leaders' forum for the travel and tourism industry, is
a 5% common stock owner of Green Globe International. For more
information on the company and its programs, please visit
www.greenglobeint.com or call +1 888-528-0883.
For information on Green Globe Certification, please visit
www.greenglobe.com. To see sustainable travel options, please
visit www.greenglobe.travel.
Green Globe services in the Asia Pacific are distributed,
managed and sold exclusively by Green Globe Asia Pacific (GGAP)
through EC3 Global. If you would like further information on
GGAP, please visit www.greenglobe.org.
The Green Globe International, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6582
Safe Harbor Statement
This release contains forward-looking statements with respect to
the results of operations and business of Green Globe
International, Inc., which involves risks and uncertainties. The
Company's actual future results could materially differ from those
discussed. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, and all other forward-looking statements be subject to
the "Safe Harbors" provision of the Private Securities Litigation
Reform Act of 1995.
CONTACT: Green Globe International, Inc.
Investor Relations
888-528-0883
investors@greenglobeint.com
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