MURRIETA, Calif., May 3, 2010 (GLOBE NEWSWIRE) -- 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.