Green Globe International, Inc. Announces Agreement With Green Giant Venture Fund to Develop Sustainable Solutions, Including Mo
13 October 2010 - 12:00AM
Green Globe International, Inc. (OTC:GGII) today announced an
initial agreement with Green Giant Venture Fund, an internationally
recognized carbon project developer, to implement sustainable
solutions for clients initially in the United States, 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. Several current U.S. projects have already been
identified as targets of the joint venture.
Under terms of the initial agreement, Green Globe International
will identify the best markets for lead generation in the U.S. that
would include non-profit organizations, colleges and universities,
cities and counties and other governmental agencies and potential
project partners that might be interested in supporting community
based sustainability projects; provide administrative support to
the projects on behalf of the venture; and seek out grants and
other governmental subsidy programs, which are available for such
projects.
The plan for the venture will be to secure projects in the
United States, then internationally, to deliver the products and
services under contract, and to establish a global market for the
carbon credits generated from each project.
Green Giant Venture Fund has expertise and experience in Carbon
Credit Project (CCP) Development and provides technical,
political and legal support required for the project and
client. The Fund will also advise as to the strategy and
tactics for effecting a forward financing by framing a strategic
partnership in the Carbon financial sector and by executing a
Carbon Finance option (FSCCP) aimed at capitalizing the client's
current and future (CCP). More information on Green Giant
Venture Fund can be found at www.greengiantventurefund.com.
"There are significant opportunities for sustainability oriented
projects in the United States that generate carbon credits,
including several identified existing projects, and we look forward
to working with Green Giant Venture Fund to assist in the design of
a complete solution, including measuring and monetizing carbon
savings generated from the environmental improvements of our
clients," said Steven R. Peacock, CEO of Green Globe
International.
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.
CONTACT: Green Globe International, Inc.
Public Relations and Communications
888-528-0883
corporate@greenglobeint.com
Green Globe (PK) (USOTC:GGII)
Historical Stock Chart
From May 2024 to Jun 2024
Green Globe (PK) (USOTC:GGII)
Historical Stock Chart
From Jun 2023 to Jun 2024