Green Globe International, Inc. Announces Extension of Joint Venture With EC3 Global for Benchmarking and Certification
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MURRIETA, CA, Aug 27 (MARKET WIRE) --
Green Globe International, Inc. (OTCBB: GGLB), which owns the Green Globe
brand, the premier international green brand focused on sustainability
and carbon neutrality programs, today announced the extension of an
initial agreement with Earthcheck Pty Ltd ("EC3 Global") to collaborate
on the expansion of the Green Globe benchmarking and certification
program worldwide. Green Globe International and EC3 Global first entered
into the agreement, in the form of a Memorandum of Understanding (MOU),
in late May 2008.
The MOU expands EC3 Global's exclusive rights to deliver the Earthcheck
technology as the platform for Green Globe benchmarking and certification
from Asia Pacific to all territories worldwide. Under the MOU, Green Globe
International will receive royalties from EC3 Global for benchmarking and
certification applications sold by Green Globe International outside Asia
Pacific. In addition, Green Globe International's bundle of communication
services and its Sustainability and Carbon Neutrality Plan will now be
available to all Green Globe clients in all countries.
EC3 Global (www.ec3global.com) is a wholly owned subsidiary of Australia's
Sustainable Tourism Cooperative Research Centre (STCRC), the world's
leading scientific institution delivering research to support the
sustainability of travel and tourism. As the commercialization company for
STCRC's intellectual property, EC3 Global manages the Green Globe
benchmarking and certification program for Green Globe Asia Pacific Pty
Ltd, a joint venture established to market the program in the Asia Pacific
region.
"Green Globe International is pleased to extend its agreement with EC3
Global regarding the delivery of benchmarking and certification to all
Green Globe clients worldwide," Steven R. Peacock, chief executive officer
and managing director of Green Globe International, Inc. "Benchmarking and
certification remains an important element of Green Globe International's
comprehensive Sustainability and Carbon Neutrality Plans (SCNP) for
tourism destinations. As we prepare for the signing of the first
agreement to deliver such a program to a major tourism destination, we
expect that our partnership with EC3 Global will result in the highest
level of service for program participants."
The World Travel and Tourism Council (WTTC) established Green Globe in
1992 as a response to the United Nations Rio de Janeiro Earth Summit,
where 182 Heads of State endorsed the Agenda 21 principles of Sustainable
Development. Green Globe is the only international sustainability program
based on Agenda 21 principles.
Green Globe International (www.greenglobeint.com) 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/.
Green Globe Benchmarking and Certification
Brisbane-based EC3 Global, a leading international environmental and
tourism advisory group, is wholly owned by the Sustainable Tourism
Cooperative Research Centre (STCRC), the world's leading scientific
institution delivering research to support the sustainability of travel
and tourism. As the commercialization company for STCRC's intellectual
property, EC3 Global provides the technology platform for the Green Globe
benchmarking and certification program. For additional information on EC3
Global, please visit www.ec3global.com.
About Green Globe International, Inc.
Green Globe International, Inc. is the majority owner of Green Globe,
Ltd., a British company that owns the Green Globe brand, the premier
international brand for sustainable travel, tourism and related green
businesses. The worldwide network of Green Globe program participants
extends across 30 countries. For information on Green Globe's benchmarking
and certification please visit
http://www.ec3global.com/products-programs/green-globe/Default.aspx. For
more information on Green Globe International, 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 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:
For Green Globe International, Inc.
A. Beyer
Tel: +01 951 677 8073
Email Contact
www.greenglobeint.com
Copyright 2008, Market Wire, All rights reserved.
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