Green Globe International, Inc. Releases June 2010 Newsletter With CEO Comments on Carbon Based Economy and the Energy Credit Ma
June 16 2010 - 9:10AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today released the June 2010
edition of the company's shareholder newsletter, which includes
recent company achievements and CEO comments highlighting the
opportunities presented through a co-venture agreement with Village
Green Global, Inc.
The June 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.
In his greeting to shareholders, Green Globe International's
Managing Director and Chief Executive Officer Steven R. Peacock
wrote, "This Monday, Green Globe International and Village Green
announced a Co-Venture Agreement to embed a new Green Globe
Baseline Standard into all Village Green SMARTweb environmental
auditing reports. This is a powerful combination of internationally
recognized environmental reporting systems coming together at just
the right time in the current evolution of a new and exciting
carbon based economy, where environmental improvement by small
businesses and even residences can be measured and monetized into
Voluntary Emission Reduction Certificates or VERs.
"These Voluntary Emission Reduction Certificates generated from
measuring the environmental improvements of smaller entities, such
as community based small business programs and individual
residences sponsored through local school districts, can be bundled
like mortgages and sold into an ever growing energy credit
marketplace."
The newsletter reviews the agreement with Village Green Global,
which is expected to result in the imbedding of a Green Globe
Baseline Standard into Village Green's SMARTweb® low cost,
environmental auditing tool, which establishes a baseline for its
clients to begin measuring and potentially monetizing their
environmental improvements. The agreement also includes an option
through the end of the calendar year under which Green Globe
International would have the right to acquire up to $2,000,000 of
Village Green's common stock.
The newsletter also includes recent news related to the
expansion of the Green Globe brand worldwide and a corporate
advisory services agreement with FiscallyGreenSM, a division of
Stonefield Josephson, Inc. FiscallyGreenSM advises companies as
they navigate through rapidly changing federal, state and local
environmental regulations while applying strategic processes
designed to benefit the well-being of our planet and ensure the
preservation of their finances. The Green Globe brand was
featured at a number of international events, including a Green
Globe Certification World Summit, held from May 28-31 in Kassel,
Germany and at the World Travel & Tourism Council (WTTC) 2010
Global Travel & Tourism Summit being held in Beijing, China
from May 25-27.
The announcement that Green Globe's Board of Directors has
approved a plan to reduce the number of the company's authorized
common stock by 4.5 billion shares was also included in the
newsletter. The company currently has 5 billion common shares
authorized and after the reduction becomes effective, it will have
500,000,000 million shares authorized.
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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