updated 9/21/2010 9:16:10 AM ET 2010-09-21T13:16:10

LOS ANGELES, Sept. 21, 2010 (GLOBE NEWSWIRE) -- Green Globe International, Inc. (Pink Sheets:GGII) today announced that the company has retained FiscallyGreenSM, which consults in a variety of specialized areas including evaluations on equity transactions, financing, new SEC Climate Change Disclosure policies and sustainability auditing, to establish a current value for the Green Globe brand.  Green Globe International, an 88% majority owner of Green Globe, Ltd., a UK corporation that owns the brand, has stated its intention to sell a controlling interest in the brand, allowing the public company to more efficiently pursue emerging opportunities in the green space within the United States and in other underserved regions overseas.

FiscallyGreenSM advises companies as they navigate through rapidly changing federal, state and local environmental regulations while applying strategic processes designed to benefit the well being of our planet and ensure the preservation of their finances.  Green Globe International Consultant, CFO Jeffrey M. Garrison, is the Founder and CPA of FiscallyGreenSM.

"Establishing a current value for the Green Globe brand is an important first step in our plans to diversify the interests of the company," said CEO and Managing Director, Steven R. Peacock.  "We believe that value has been created in the brand since it was acquired by the company in 2008.  There are currently significant opportunities in the green space, both in the U.S. and underserved regions abroad, and by selling our majority interest, we believe that the company can develop new operations and revenue streams for the public company beyond just managing the Green Globe brand around the world."

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.

For information on Green Globe Certification, please visit www.greenglobe.com .  To see sustainable travel options, please visit www.greenglobe.travel .  

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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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