Green Globe International, Inc. Announces Form 15 Filing
August 05 2009 - 9:00AM
PR Newswire (US)
MURRIETA, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Green Globe
International, Inc. (Pink Sheets: GGII), the worldwide owner of the
Green Globe brand, today announced that the company has filed a
Form 15 as part of its strategy to reduce expenses while continuing
to voluntarily disclose its quarterly and annual financial
information. The Green Globe International Board of Directors
approved the filing of the Form 15, which terminates the company's
registration under Section 12(g) of the Securities Exchange Act of
1934, on August 1, 2009. On May 12, 2009, the company announced
that it would continue to report its quarterly and annual financial
information to shareholders and the global public markets through
the Pink Sheets OTC Disclosure and News Service rather than
maintain its position on the Over-the-Counter Bulletin Board
market. Pink OTC Markets Inc., which operates the Pink Sheets OTC
Disclosure and News Service at http://www.pinksheets.com/, provides
the leading inter-dealer electronic quotation and trading system in
the over-the-counter (OTC) securities market. With the Form 15
filing complete, the company can now move forward with its plan to
file the appropriate paperwork with the OTC Disclosure and News
Service and achieve the "Current Information" designation as
defined by the service. "The filing of the Form 15 is a necessary
step in Green Globe International's strategy to reduce unnecessary
expenses while continuing to disclose quarterly and annual
financial information to our shareholders and the public markets,"
Steven R. Peacock, CEO and Managing Director for Green Globe
International, Inc. "At this point in the company's development, it
is critical that all available resources be focused on the growth
of revenues through the expansion of Green Globe programs around
the world. Once the company has reached the appropriate stage,
management will evaluate the proper market for the company and
pursue a listing in that market or markets." 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.
Green Globe International encourages all shareholders and others
interested in following the progress of the company 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
http://www.greenglobeint.com/ or call +1 310-984-6807. 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
http://www.greenglobe.org/. 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.
DATASOURCE: Green Globe International, Inc. CONTACT: Investor
Relations, Green Globe International, Inc., +1-310-984-6807, ext.
4, Web Site: http://www.greenglobeint.com/
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