Green Globe International, Inc. Completes Subscription to OTC Markets Reporting Service
April 29 2010 - 10:35AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today announced that the company
has submitted all of the paperwork required to subscribe to the
Pink Sheets OTC Disclosure and News Service at www.otcmarkets.com,
where it plans to post its quarterly and annual financial
information. The subscription was undertaken for the purpose of
disclosing the company's periodic financial statements to
shareholders and the public markets, while at the same time
controlling the costs of compliance, which have become more
financially burdensome as additional regulatory legislation has
been implemented for U.S. public companies.
Once it has met all of the requirements set forth by Pink OTC
Markets Inc., which operates www.otcmarkets.com, including the
posting of quarterly and annual financial statements, Green Globe
International expects that it will achieve "Current Information"
status at the www.otcmarkets.com site.
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 will allow the company to achieve
"Current Information" status once all of the required disclosure
has been met.
"As we have stated previously, financial disclosure is a
priority for Green Globe, especially as the use of the brand and
its affiliated programs grow in the U.S. and around the world,"
said Green Globe International CEO and Managing Director Steven R.
Peacock. "Establishing this transparency by posting financials
at www.otcmarkets.com will allow the company to disclose important
information to shareholders as well as to continually evaluate its
position and potentially explore future market listing
opportunities as Green Globe reaches certain milestones.
"Having an incredibly powerful international brand that is well
positioned for growth in a world seeking greater levels of
sustainability by businesses, organizations, governments and
individuals, we believe that this is the most appropriate strategy
moving forward. We intend to alert our shareholders whenever
new information is added to our profile at
www.otcmarkets.com."
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.
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.
Public Relations and Communications
888-528-0883
corporate@greenglobeint.com
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