Green Globe International, Inc. Completes Another Round of Equity Investment in Village Green Global, Inc.
July 13 2010 - 9:18AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today announced the completion of a
3rd round of equity investment in Village Green Global, Inc., whose
SMARTweb® 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 several weeks ago and
has now completed two additional equity purchases. Under the
agreement, Village Green has imbedded the Green Globe Baseline
Standard into the SMARTweb® environmental auditing tool and, as a
result, will receive a royalty payment from each environmental
report issued globally through SMART web®, as well as generating
the opportunity to approach each client to undertake further steps
towards third party verified, ISO compliant certification.
"Our interest in Village Green Global goes well beyond being
just a partner in the Co-Venture Reciprocal Licensing Agreement,"
said Steven R. Peacock, Managing Director and Chief Executive
Officer of Green Globe International, Inc. "As is highlighted
in the IC Places video presentation, the potential of the various
revenue streams being pursued by Green Globe through its branded
products and services and its partnership with Village Green is
enormous. We will continue to pursue the best approach to each
market sector, and provide the most useful solutions for the
growing number of individuals, companies, organizations, and
governmental bodies that are motivated and often mandated to pursue
sustainability."
Green Globe is also being featured by IC Places, Inc., which
owns and operates a network of city based websites connecting
businesses with their patrons by providing up to the minute
information. The feature can be found at
http://www.icplaces.com/include/GGII_about.asp or by clicking the
"Local Business" link at the top of the www.icPlaces.com home
page.
The feature on IC Places, which is presented as a video
presentation by IC Places President Steven Samblis, highlights the
multiple revenues streams currently being expanded by Green Globe
including environmental reporting, consulting, certification, and
training. It also discusses the large and growing global green
market, and how Green Globe's history and reputation continues to
attract additional revenue opportunities.
Village Green's SaaS-based carbon accounting tool, SMARTweb® not
only tracks the environmental impacts of businesses, but makes
unique product-specific recommendations to improve sustainability
and reduce costs. Unlike most assessment tools, SMARTweb features
an easy-to-use online interface that can save thousands of dollars
versus using environmental consultants or building auditors.
Moreover, SMARTweb can significantly lower logistical costs,
resulting in additional savings.
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 Village Green Global, Inc.
Established in 2002, Village Green Global pioneered automated
environmental reporting for businesses. The company provides
reporting solutions, advisory services, and education to support
better business practices and improved bottom line performance. Its
SMARTweb® carbon emissions accounting tool enables organizations to
accurately gather and verify emission data using the online
application allowing for multiple levels of automated reporting not
possible with manual, non-integrated systems. SMARTweb has been
used for more than 6,000 environmental audits and incorporates
approximately 30,000 devices in its database. Get Green helps
students of all ages learn processes needed to take advantage of
green job opportunities within environmental services worldwide.
For more information, visit http://www.villagegreenglobal.com.
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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