LOS ANGELES, Aug. 9, 2010 (GLOBE NEWSWIRE) -- Green Globe International, Inc. (Pink Sheets:GGII), the worldwide owner of the Green Globe brand, today announced the release of its August 2010 shareholder newsletter, which highlights the recent opening of the Asia Pacific region to partner Green Globe Certification, allowing this licensee to use and promote the Green Globe brand in the region. The brand had previously granted exclusive license for the region to Green Globe Asia Pacific. As a result of this action, Green Globe Certification now has a non-exclusive license to use and promote the Green Globe brand in certification applications worldwide.
The August 2010 Green Globe newsletter has been added to the company's website at http://www.greenglobeint.com/articles/1, and a notice of the newsletter's release will be distributed to subscribers of the company's website-based mailing list.
The newsletter also reviews the announcement by co-venture partner Village Green Global, Inc. that it had entered into a strategic alliance with Epicor Software Corporation 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.
Green Globe International has completed additional rounds of equity investment in Village Green Global, Inc., whose SMARTweb(R) 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 in June 2010 and has now completed additional equity purchases. Under the agreement, Village Green has imbedded the Green Globe Baseline Standard into the SMARTweb(R) tool and, as a result, will receive a royalty payment from each environmental report issued globally through SMART web(R), as well as generating the opportunity to approach each client to undertake further steps towards third party verified, ISO compliant certification.
The newsletter also highlights the appointment of Jeffrey M. Garrison, CPA of FiscallyGreenSM, as Consultant Chief Financial Officer (CFO) for the company. Mr. Garrison has previously served as President of the internationally recognized certified public accounting firm Stonefield Josephson from 2002 through 2009 and created FiscallyGreenSM as a division of Stonefield Josephson in 2009 to focus on sustainable businesses and legislative opportunities and mandates. Mr. Garrison has been involved in financial accounting and business advisory for over 25 years. He is an expert in business accounting and financial consulting, mergers and acquisitions, and succession planning in a range of industries, including renewable energy, consumer goods, hi-tech, hospitality, non-profit, healthcare, restaurant, service, manufacturing, and real estate. Mr. Garrison has worked extensively with publicly held companies, both internationally and throughout the United States.
In his newsletter greeting to shareholders, Steven R. Peacock, Managing Director and Chief Executive Officer of Green Globe International, addresses the company's business model and discusses the multiple revenue streams that Green Globe currently has in place through branded products and services marketed around the world. These include environmental reporting, due to the co-venture with Village Green Global, certification services, including through the ongoing licensing arrangement with Green Globe Certification, and the Green Globe Index sustainability assessment program, which recently signed a contract with the Hotel Purchasing & Supply Association of China with 10,000 members, a contract that is expected to open the door for consulting and certification revenues for the brand's certification licensees as well.
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., through its 88% majority ownership in Green Globe, Ltd., a UK corporation, is the worldwide owner of the Green Globe brand, the recognized leader of sustainability certification and benchmarking programs, carbon footprint calculation and offset programs, and a broad range of consulting services. Green Globe International is an affiliate member of the United Nations World Tourism Organization and the World Travel & Tourism Council (WTTC), the business leaders' forum for the travel and tourism industry, is a major shareholder of Green Globe International. For more information on the company and its programs, please visit www.greenglobeint.com or call 888-528-0883.
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.
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.