updated 11/1/2010 12:45:53 PM ET 2010-11-01T16:45:53

LOS ANGELES, Nov. 1, 2010 (GLOBE NEWSWIRE) -- Green Globe International, Inc. (Pink Sheets:GGII) today announced the release of its November 2010 shareholder newsletter that highlights new opportunities related to carbon credit monetization projects, which have been presented through the company's agreement with Green Giant Venture Fund, an internationally recognized carbon project developer. The initial projects that have been targeted include several in the United States and South America.

The November 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 purpose of the company's agreement with Green Giant Venture Fund is to implement sustainable solutions for clients, including monetizing carbon credits generated from the client's environmental improvements. Green Giant Venture Fund works with clients to structure, finance, build, and operate emission reduction projects and has experience developing projects including solar, biomass, biochar, biofuel, and recycling projects around the world. There are opportunities both in the U.S. and internationally for these types of projects.

The newsletter also reviews a recent announcement regarding the company's intention to move operations and management of the Green Globe brand back to Green Globe Limited, a U.K. corporation that owns the brand, and to sell a controlling interest in the brand to one or more third parties recognized in the industry who would manage the brand's activities going forward. This would allow the public company to more efficiently pursue emerging opportunities in the green space within the United States and in other underserved regions overseas. Green Globe International, an 88% majority owner of Green Globe Limited, intends to maintain a minority interest in the brand and is currently working to establish a current value for the Green Globe brand. 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 brand.

In his greeting to shareholders, Green Globe International Managing Director and CEO Steven R. Peacock wrote, "In the period since our last Green Globe newsletter, the theme of our announcements has clearly been that the company is in a transition from being focused mainly on sustainability certification in the travel and tourism sector to venturing out into the world of environmental credits from larger projects, first here in the U.S. and eventually abroad.

"To complete the transition into the environmental credit sector, the company has entered into an agreement with Green Giant Venture Fund, an experienced developer of carbon and other environmental credits for clients outside the U.S. By capturing the experience and knowledge of the Fund in this agreement, we are able to approach the various contacts and relationships that Green Globe has been establishing here in the U.S. and offer this additional service and potential revenue stream into the projects that are already underway or in the planning stage."

Additional important announcements are expected in the coming weeks and months.

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


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com