LOS ANGELES, CA, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Green Globe International, Inc. (OTC: GGII) today provided an update for shareholders on current efforts to bring the company current in its financial disclosure, activities of the subsidiary Green Globe brand, and potential future plans for business alliances and combinations.
Green Globe International is the majority owner (88%) of the Green Globe brand, the leading international symbol of sustainability for business. Green Globe has multiple licensed programs, including certification for the global travel and tourism industry; initiatives to develop energy producing projects and projects in support of the UN Sustainable Development Goals; and sustainability recognition programs for corporate clients focused on Corporate Social Responsibility (CSR), Environmental, Social and Governance (ESG) metrics, and more.
Green Globe International is currently completing financial reports, which will be posted to the OTC Markets platform.
“We do not yet have a confirmed timeline for submission of our financials, but the work is being completed, and we expect to have new disclosures posted in the near term,” said Andrew Beyer, Chairman and Chief Executive Officer.
On the management side, Robert McCoy no longer serves in any officer or board positions for Green Globe International. Management and other profile information has been updated with OTC Markets and is currently being updated with the state of Delaware.
“We understand that there has been an increased interest in the future of GGII and its plans to move forward. While the Green Globe brand expands its footprint beyond its historical uses, we will continue to evaluate the best course for Green Globe International and its shareholders. Nothing definitive has been determined, but the company expects to have new information, including the anticipated financial disclosure, for investors to see in the coming weeks,” stated Mr. Beyer.
About Green Globe International, Inc.
Green Globe International, Inc. is structured as a holding company and is focused on expanding the use of the Green Globe brand in sustainability initiatives around the world as well as other sectors within the burgeoning environmental marketplace, including fund management and environmental project financing. The company owns an 88% majority interest in Green Globe, Ltd., a UK corporation that owns the Green Globe brand, the recognized leader of sustainability certification and benchmarking programs.