Green Globe International, Inc. Pursues New Carbon Credit Project in Major Market in South America
28 October 2010 - 12:00AM
Green Globe International, Inc. (Pink Sheets:GGII) today announced
that the company is pursuing a new potential carbon credit
monetization project for a major city in Brazil, as well as another
targeted project for the U.S. market. The newly targeted projects,
which are reflective of Green Globe International's global approach
to carbon credit projects, have been presented through the
company's agreement with Green Giant Venture Fund, an
internationally recognized carbon project developer.
Green Globe International has created marketing materials for
the first targeted U.S. based carbon credit projects and will adapt
the same material for international opportunities, including the
South American project, as they are presented to the
company. In the U.S., Green Globe International has targeted a
city and a major school system for its first carbon credit
monetization project proposals. The marketing program will
target a wide variety of potential customers, including educational
systems, (universities, college districts and public school
districts); utilities; non-profit organizations; federal, state and
local governments and agencies; military facilities; and other
entities that are interested in a new revenue stream based on the
good works already being accomplished.
"Even as we are working to secure our first project in the U.S.,
additional opportunities are being presented due to the global
network we have developed, and we will continue to pursue projects
that are deemed to be the most ideal given our capabilities" said
Steven R. Peacock, CEO of Green Globe
International.
The company has also posted its Quarterly Report for the period
ended September 30, 2010, to the OTC Markets website at
www.otcmarkets.com. The report, which will allow the company
to maintain its reporting status on the OTC Markets site, includes
Green Globe International's $237,000 investment in Village Green
Global, Inc., a private company that owns SmartWeb, a proprietary
environmental reporting software.
"This report is by far the most comprehensive quarterly
statement that Green Globe has posted to the OTC Markets website,
and we are pleased to have it available for our shareholders to
view," added Mr. Peacock.
The Green Globe brand and program, which traces its roots back
to the Unite d 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
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