Green Globe International, Inc. Announces 2nd Round of Equity Investment in Village Green Global, Inc.
09 July 2010 - 10:00PM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today announced that the company
has completed a second round of equity investment in Village Green
Global, Inc., whose SMARTweb® environmental auditing tool
establishes a baseline for its clients to begin measuring and
potentially monetizing their environmental improvements.
Under a co-venture and reciprocal licensing agreement, Green
Globe International has the right to acquire up to $2,000,000 of
Village Green's common stock. Green Globe exercised the option to
acquire a portion of the Village Green stock several weeks ago and
recently completed a second equity purchase. Village Green is
also currently engaged in the process of imbedding a Green Globe
Baseline Standard into the SMARTweb® tool.
"We continue to believe that Village Green presents an
incredible opportunity for Green Globe, both as a strategic partner
and as an investment," stated Steven R. Peacock, Managing Director
and Chief Executive Officer of Green Globe International,
Inc. "Since we entered into our original Letter of Intent with
Village Green, we have seen the potential business for both our
companies expand considerably, and we expect to be able to announce
several of these significant revenue generating contracts
shortly."
Village Green Global has also been featured in new global survey
published by independent Verdantix, an independent, analyst
research firm focused on sustainable business strategies and market
opportunities. For the report, 65 software providers were
surveyed and a total of 126 software applications that support
environment, energy, carbon, corporate responsibility,
sustainability and health and safety business processes are
represented. A press release regarding the report was issued
on July 8, 2010, and can be viewed at
http://www.verdantix.com/index.cfm/papers/Press.Details/press_id/36/verdantix-says-a-new-era-of-sustainable-business-software-has-arrived.
"We are pleased to have been included in the Verdantix report
alongside some of the largest software providers in the world,"
said Doug Smith, CEO and Founder of Village Green Global,
Inc. "The report lists Village Green in the select group of
companies that provides both SaaS and Enterprise Applications, and
we believe that this is one of the factors that positions Village
Green very well in a competitive market."
Village Green's SaaS-based carbon accounting tool, SMARTweb® not
only tracks the environmental impacts of businesses, but makes
unique product-specific recommendations to improve sustainability
and reduce costs. Unlike most assessment tools, SMARTweb features
an easy-to-use online interface that can save thousands of dollars
versus using environmental consultants or building auditors.
Moreover, SMARTweb can significantly lower logistical costs,
resulting in additional savings.
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 Village Green Global, Inc.
Established in 2002, Village Green Global pioneered automated
environmental reporting for businesses. The company provides
reporting solutions, advisory services, and education to support
better business practices and improved bottom line performance. Its
SMARTweb® carbon emissions accounting tool enables organizations to
accurately gather and verify emission data using the online
application allowing for multiple levels of automated reporting not
possible with manual, non-integrated systems. SMARTweb has been
used for more than 6,000 environmental audits and incorporates
approximately 30,000 devices in its database. Get Green helps
students of all ages learn processes needed to take advantage of
green job opportunities within environmental services worldwide.
For more information, visit http://www.villagegreenglobal.com.
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.
CONTACT: Green Globe International, Inc.
Public Relations and Communications
888-528-0883
corporate@greenglobeint.com
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