Green Globe International, Inc. Upgraded on OTC Markets Reporting Service With Posted Quarterly Financial Information
May 03 2010 - 10:40AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, has been upgraded on the Pink
Sheets OTC Disclosure and News Service as a result of filing its
first quarterly balance sheet and income statement, which are now
posted at www.otcmarkets.com. The posting is the first in what is
expected to be regular quarterly and annual financial information
reported through the site.
Green Globe completed its subscription to the Pink Sheets OTC
Disclosure and News Service for the purpose of disclosing the
company's periodic financial statements to shareholders and the
public markets. The move will allow for greater financial
disclosure as the company oversees the expansion of the use of the
Green Globe brand, the premier international symbol for
sustainability and response to global climate change, while at the
same time controlling the costs of reporting and
compliance.
The company expects to file its full disclosure statement this
month and ultimately be upgraded to "Current Information" status at
the www.otcmarkets.com site.
Green Globe previously announced its intention to utilize the
Pink Sheets OTC Disclosure and News Service to report its periodic
financial information and 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.
"We are pleased to have our listing status upgraded at
www.otcmarkets.com and expect to reach 'Current Information' as
additional information is posted," said Green Globe International
CEO and Managing Director Steven R. Peacock. "With new brand
applications and emerging strategic alliances for Green Globe
International, reporting the company's financial information will
continue to be a priority."
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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