Green Globe International, Inc. Begins Process of Name Change to Re-Brand the Public Company
April 20 2011 - 8:00AM
Business Wire
Green Globe International, Inc. (OTC: GGII) today announced that
it is taking the first steps to effect a change in the name of the
public company to reflect its expanded focus and environmental
certification programs operated at the subsidiary level.
A Board resolution detailing the name change will be submitted
to the Division of Corporations in Delaware, where the company
incorporated, as well as a Certificate of Amendment and any
additional required documentation. Once the company receives the
stamped copy of the Certificate of Amendment from the state, all
documentation, including an Issuer Company-Related Action
Notification Form, will be submitted to Financial Industry
Regulatory Authority (FINRA), which regulates securities firms
doing business in the United States. The company also expects to
request a symbol change to reflect its new name.
The name change is being undertaken to more accurately reflect
the company’s current focus, specifically the repositioning and
assignment of its licensing agreements with its two certification
licensees to its subsidiary, Green Globe Limited, a UK corporation
and the owner of the trademark rights to the Green Globe name and
logo, as well as the anticipated acquisition of Planet Positive
International, LLC, the owner of the Planet Positive environmental
accreditation program.
“We are moving forward with the planned name change, which will
result in a re-branded public company with 88% ownership in Green
Globe Ltd and the contemplated acquisition of Planet Positive
Invenational, both entities with existing revenues,” said Green
Globe International Managing Director and CEO Steven R. Peacock.
“This structure will allow the public company to provide support
for the growth of each of the brands that will not compete with
like products in the same markets. This will broaden the range of
the public company’s products and services globally and bring
increased revenues and greater shareholder value.”
The company has entered into a Letter of Intent with Planet
Positive International, LLC, which outlines an anticipated
acquisition of 100% of the issued and outstanding capital of Planet
Positive International in a share exchange transaction. Planet
Positive is an international environmental certification for
businesses, products, buildings, events and people. Detailed
information on Planet Positive International, its management team
and current clients can be found at
http://www.beplanetpositive.com/.
To receive email alerts from the company, 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 owner of
the Green Globe brand, the recognized leader of sustainability
certification and benchmarking programs. The company is structured
as a holding company and expects to continue to acquire
environmentally oriented companies that add value to the public
company and its shareholders. For more information please visit
www.greenglobeint.com.
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 all forward-looking statements
be subject to the "Safe Harbors" provision of the Private
Securities Litigation Reform Act of 1995.
Green Globe (PK) (USOTC:GGII)
Historical Stock Chart
From Jun 2024 to Jul 2024
Green Globe (PK) (USOTC:GGII)
Historical Stock Chart
From Jul 2023 to Jul 2024