Green Globe International, Inc. Releases August 2010 Newsletter With Review of Opening of Asia Pacific Region for Green Globe Ce
August 09 2010 - 8:32AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today announced the release of its
August 2010 shareholder newsletter, which highlights the recent
opening of the Asia Pacific region to partner Green Globe
Certification, allowing this licensee to use and promote the Green
Globe brand in the region. The brand had previously granted
exclusive license for the region to Green Globe Asia
Pacific. As a result of this action, Green Globe Certification
now has a non-exclusive license to use and promote the Green Globe
brand in certification applications worldwide.
The August 2010 Green Globe newsletter has been added to the
company's website at http://www.greenglobeint.com/articles/1, and a
notice of the newsletter's release will be distributed to
subscribers of the company's website-based mailing list.
The newsletter also reviews the announcement by co-venture
partner Village Green Global, Inc. that it had entered into a
strategic alliance with Epicor Software Corporation to extend
Epicor's next-generation enterprise resource planning (ERP) suite
with offerings that will provide companies the ability to identify,
analyze, audit, track, manage, benchmark and report on carbon
emissions, environmental impact and energy consumption. The
alliance is intended to address the increased pressure companies
are facing to engage in sustainable business practices and to track
their carbon reduction compliance now and into the future.
Green Globe International has completed additional rounds of
equity investment in Village Green Global, Inc., whose SMARTweb(R)
environmental auditing tool establishes a baseline for its clients
to begin measuring and potentially monetizing their environmental
improvements. Under a Co-Venture Reciprocal Licensing
Agreement, Green Globe International has the right to acquire up to
$2,000,000 of Village Green's common stock. Green Globe first
exercised the option to acquire a portion of the Village Green
stock in June 2010 and has now completed additional equity
purchases. Under the agreement, Village Green has imbedded the
Green Globe Baseline Standard into the SMARTweb(R) tool and, as a
result, will receive a royalty payment from each environmental
report issued globally through SMART web(R), as well as generating
the opportunity to approach each client to undertake further steps
towards third party verified, ISO compliant certification.
The newsletter also highlights the appointment of Jeffrey M.
Garrison, CPA of FiscallyGreenSM, as Consultant Chief Financial
Officer (CFO) for the company. Mr. Garrison has previously
served as President of the internationally recognized certified
public accounting firm Stonefield Josephson from 2002 through 2009
and created FiscallyGreenSM as a division of Stonefield Josephson
in 2009 to focus on sustainable businesses and legislative
opportunities and mandates. Mr. Garrison has been involved in
financial accounting and business advisory for over 25 years. He is
an expert in business accounting and financial consulting, mergers
and acquisitions, and succession planning in a range of industries,
including renewable energy, consumer goods, hi-tech, hospitality,
non-profit, healthcare, restaurant, service, manufacturing, and
real estate. Mr. Garrison has worked extensively with publicly held
companies, both internationally and throughout the United
States.
In his newsletter greeting to shareholders, Steven R. Peacock,
Managing Director and Chief Executive Officer of Green Globe
International, addresses the company's business model and discusses
the multiple revenue streams that Green Globe currently has in
place through branded products and services marketed around the
world. These include environmental reporting, due to the
co-venture with Village Green Global, certification services,
including through the ongoing licensing arrangement with Green
Globe Certification, and the Green Globe Index sustainability
assessment program, which recently signed a contract with the Hotel
Purchasing & Supply Association of China with 10,000 members, a
contract that is expected to open the door for consulting and
certification revenues for the brand's certification licensees as
well.
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., through its 88% majority
ownership in Green Globe, Ltd., a UK corporation, is the worldwide
owner of the Green Globe brand, the recognized leader of
sustainability certification and benchmarking programs, carbon
footprint calculation and offset programs, and a broad range of
consulting services. Green Globe
International is an affiliate member of the United Nations World
Tourism Organization and the World Travel & Tourism Council
(WTTC), the business leaders' forum for the travel and tourism
industry, is a major shareholder of Green Globe
International. For more information on the company and its
programs, please visit www.greenglobeint.com or call
888-528-0883.
The Green Globe International, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6582
For information on Green Globe Certification, please visit
www.greenglobe.com. To see sustainable travel options, please
visit www.greenglobe.travel.
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.
Public Relations and Communications
888-528-0883
corporate@greenglobeint.com
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