Green Globe International, Inc. Targets U.S. City and Large School System for Carbon Credit Project
20 Oktober 2010 - 3:00PM
Green Globe International, Inc. (Pink Sheets:GGII) today announced
that the company has targeted a city and a major school system for
its first carbon credit monetization project proposals in
conjunction with Green Giant Venture Fund, an internationally
recognized carbon project developer. The targeted entities will be
the first to receive Green Globe International's initial marketing
piece, which has been completed and will ultimately be delivered to
a wide variety of educational systems, including universities,
college districts and public school districts as well as 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.
"There are an increasing number of institutions, from education
to government to military, that are already doing great things in
the area of sustainability and the measurement of the carbon
reductions, and our program will help them to monetize these
environmental improvements and to create a new revenue stream,"
said Steven R. Peacock, CEO of Green Globe
International.
The purpose of the agreement between Green Giant Venture Fund
and Green Globe International is 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.
Green Globe International's role in the venture is to identify
the best markets for lead generation in the U.S., as well as to
source potential project partners that might be interested in
supporting community based sustainability projects. Green
Globe will also 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
parties will deliver the products and services under contract and
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.
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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