Green Globe International, Inc. Announces Preliminary Agreement With Green Seal, Inc.
June 29 2009 - 9:32AM
PR Newswire (US)
MURRIETA, Calif., June 29 /PRNewswire-FirstCall/ -- Green Globe
International, Inc. (Pink Sheets: GGII), the worldwide owner of the
Green Globe brand, today announced a preliminary agreement in the
form of a Memorandum of Understanding with Green Seal, Inc., the
premier independent eco-label in the United States, under which the
two brands will explore opportunities to collaborate to promote
sustainability on a global scale. Green Seal has been developing
environmental standards since 1989. These environmental standards
include requirements to reduce, to the extent technologically and
economically feasible, the environmental and health impacts
associated with services and the manufacture, use, and end-of-life
or life cycle of products. Set on a category-by-category basis,
Green Seal's environmental standards focus on significant
opportunities to reduce a product or service's environmental
impact. Green Seal has standards for cleaning products and
services, building products, lodging properties, paper products,
and many other categories. Green Seal is also actively developing
new standards. Green Seal has played an important role in helping
to shape policy at the national and international levels and the
market transformation towards the purchase and use of more
sustainable products and services. The purpose of the Memorandum of
Understanding is to express the mutual interests of Green Globe
International and Green Seal in sustainability certification and to
outline potential areas of collaboration. Comparing standards and
certification systems; mutual recognition; and collaboration and
partnership opportunities will be explored with the goal of
fulfilling the missions of each organization. "We are very pleased
to have reached this preliminary agreement with Green Seal, which
has a long and distinguished history in green certifications,
particularly in the U.S. market," stated Green Globe International
CEO and Managing Director Steven R. Peacock. "The potential for
collaboration between Green Globe and Green Seal appears to be
significant, and we look forward to fully exploring these
opportunities and others that are presented as our relationship
moves forward." Green Seal President and CEO Arthur Weissman, Ph.D.
said, "The Green Globe program has established itself in markets
around the world, particularly in the international tourism and
hospitality industries. We are currently exploring a number of
potential projects where Green Globe and Green Seal can work
together to deliver our respective environmental certifications to
a variety of businesses in the United States." 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. Green Globe International encourages all shareholders and
others interested in following the progress of the company 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. 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
http://www.greenglobeint.com/ or call +1 310-984-6807. 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
http://www.greenglobe.org/. About Green Seal, Inc. Green Seal was
established in 1989 as an independent non-profit organization. As a
3rd-party ecolabel, Green Seal uses science-based standards and the
power of the marketplace to create a more sustainable world. Green
Seal is dedicated to safeguarding the health of people and
environment by promoting the manufacture, purchase, and use of
environmentally responsible products and services. For more
information on Green Seal, visit http://www.greenseal.org/ or call
1(202)872-6400. 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.
DATASOURCE: Green Globe International, Inc. CONTACT: Investor
Relations, Green Globe International, Inc., +1-310-984-6807, Ext.
4, ; or Linda H. Chipperfield, V.P. of Marketing & Outreach of
Green Seal, Inc., +1-202-872-6400, Web Site:
http://www.greenglobeint.com/ http://www.greenseal.org/
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