Green Globe International, Inc. Announces Co-Venture and Reciprocal Licensing Agreement With Village Green Global, Inc.
June 14 2010 - 8:59AM
Green Globe International, Inc. (Pink Sheets:GGII), the worldwide
owner of the Green Globe brand, today announced the signing of a
co-venture and reciprocal non-exclusive licensing agreement with
Village Green Global, Inc. The agreement is the next step in the
process of Village Green imbedding a Green Globe Baseline Standard
into Village Green's SMARTweb® low cost, environmental auditing
tool, which establishes a baseline for its clients to begin
measuring and potentially monetizing their environmental
improvements.
The agreement, which followed a Letter of Understanding (LOU)
between the parties, grants Village Green a non-exclusive license
to use, promote, market, and display the Green Globe Baseline Logo
as it relates to its use within the SMARTweb environmental auditing
report. It also grants Green Globe the right to use the
intellectual property of Village Green, represented by the baseline
criteria and standards developed by Village Green, and as contained
in its SMARTweb product, for a period of three years.
"The agreement also includes an option through the end of the
calendar year under which Green Globe International would have the
right to acquire up to $2,000,000 of Village Green's common stock
at a fixed price that our advisory team considers to be an
exceptional opportunity, based on the signing of this co-venture
agreement and our projects currently in the pipeline both here in
America and abroad," stated Steven R. Peacock, Managing Director
and Chief Executive Officer of Green Globe International, Inc.
Village Green Global provides reporting solutions, advisory
services, and education to support better business practices and
improved bottom line performance. Village Green launched the
SaaS-based SMARTweb carbon emissions accounting tool. SMARTweb
enables organizations to accurately gather and verify emission data
using an online application, allowing for multiple levels of
automated reporting not possible with manual, non-integrated
systems. Prominent global brands have already benefited from
Village Green solutions and improved bottom line performance by
reducing their environmental impact. The company's "GET GREEN"
program helps students of all ages learn energy savings processes
at home that will be needed to take advantage of green job
opportunities within environmental services worldwide in the
future.
"This combination of our scalable SMARTweb environmental audit
report and the Green Globe Baseline Standard and logo is the
initial step for our clients to maximize their rewards for
following a path towards sustainability from first establishing a
baseline to a full Green Globe Certification, which is recognized
around the world," said Doug Smith, president and CEO of Village
Green Global, Inc. and a Director of Green Globe International,
Inc.
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.
Aligning with Microsoft Corp. in September 2009, Village Green
launched the SaaS-based SMARTweb® carbon emissions accounting
tool, which 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. Global brands such as CISCO, Daimler
Chrysler and Westfield have already benefited from Village Green
solutions and improved bottom line performance by reducing their
environmental impact. 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
Vantage Communications for Village Green
Press Contact:
Tory Patrick
+1 202-558-9826
tpatrick@pr-vantage.com
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