Green Globe International, Inc. Comments on Strategic Alliance Between Co-Venture Partner Village Green Global and Epicor(R)
July 19 2010 - 8:00AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today commented on the July 14th
announcement by Village Green Global, Inc. and Epicor Software
Corporation regarding a strategic alliance between the two
companies to extend Epicor's next-generation enterprise resource
planning (ERP) suite with offerings that will provide companies the
ability to identify, analyze, audit, track, manage, benchmark and
report on carbon emissions, environmental impact and energy
consumption. The alliance is intended to address the
increased pressure companies are facing to engage in sustainable
business practices and to track their carbon reduction compliance
now and into the future.
Village Green specializes in enterprise carbon accounting, using
an internationally recognized system for carbon analysis and
trading. The company's services help deliver scalable
reporting for carbon accounting around electricity use, water
consumption, transportation, natural gas, waste and other factors
to find ways to save energy and money and enable organizations to
implement and maintain sustainable business practices.
Village Green and Green Globe have entered into a Co-Venture
Reciprocal Licensing Agreement to deliver co-branded sustainability
solutions to businesses. Under a purchase option in the
companies' co-venture agreement, Green Globe has an option to
acquire up to two million dollars of Village Green Global common
stock by the end of 2010 at a fixed price per share and at a
current market capitalization of the company.
Governance, Risk and Compliance Strategies Compliance is at the
heart of the design of Epicor ERP, and as businesses embark on
corporate social responsibility (CSR) initiatives and begin to
seriously consider energy availability and the long-term effects of
climate change, they are turning their attention to an area of
opportunity they can affect -- reduction of carbon emissions and
energy conservation in their operations and supply chains.
"The ability to attract partners of the caliber of Epicor is
another reason that we have so much confidence in Village Green -
both as a co-venture partner and as an investment," said Steven R.
Peacock, CEO and Managing Director of Green Globe International.
"We applaud this new strategic alliance and look forward to
the next steps in Village Green's expansion into the enterprise
carbon accounting market."
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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