LOS ANGELES, Aug. 4, 2010 (GLOBE NEWSWIRE) -- Green Globe International, Inc. (Pink Sheets:GGII), the worldwide owner of the Green Globe brand, today announced its intention to expand the non-exclusive license for its certification partner, Green Globe Certification, which is represented in over 83 countries, to include additional territories around the world.
"Since we first granted Green Globe Certification its license to represent the brand through its certification program in specified territories around the world, it has made significant progress in advancing the brand in those regions," said Steven R. Peacock, Managing Director and Chief Executive Officer of Green Globe International. "For a variety of reasons, we now believe it is the time to modify Green Globe Certification's non-exclusive license to include additional areas. We expect to have the modified agreement in place very shortly and will announce the specifics at that time.
"Green Globe International's core focus is to expand the use of the Green Globe brand in revenue generating sustainability applications around the world, and this planned modification is consistent with that focus. All of our licensees must maintain their adherence to the Green Globe Standards, which are among the most respected sustainability standards in use today. Licensees must also meet certain performance standards with respect to the advancement of the brand, and we believe that this is another area in which Green Globe Certification has made progress since entering into its licensing agreement.
"This modification is a tribute to the hard work of the Green Globe Certification team, and we look forward to the additional expansion of this certification program in markets worldwide," Mr. Peacock added.
Green Globe International has recently commented on several new milestones reached by Green Globe Certification, including the first hotel in the country of Oman to be certified. For additional information on Green Globe and its programs, please visit www.greenglobeint.com.
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.
The Green Globe International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6582
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.
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.