Environmental Reporting Opportunities are Added With New Ventures in the United States and China

LOS ANGELES, Jul 15, 2010 (GlobeNewswire via COMTEX) -- Green Globe International, Inc. (Pink Sheets:GGII), the worldwide owner of the Green Globe brand, today issued comments from CEO and Managing Director, Steven R. Peacock, regarding the company's business model and identifying the multiple revenue streams that Green Globe currently has in place through branded products and services marketed around the world.

"Given the abundant opportunities that continue to be presented to Green Globe as well as our recent successful efforts to implement branded sustainability products and services in a variety of sectors in the global green economy, I believe it is important to revisit how the company is poised to increase revenues through each of its revenue channels," said Mr. Peacock.

"The revenue stream that has become the most prominent from an awareness standpoint over the last several months is environmental reporting, due to our co-venture agreement with Village Green Global, Inc., who provides its SMARTweb(R) environmental auditing tool as an effective low cost tool for businesses across the U.S. and in countries around the world. As has been discussed recently, the potential market for environmental auditing services to businesses is massive, and we believe that SMARTweb(R), with the Green Globe Baseline Standard imbedded into it, will be an attractive value add to a large number of businesses. Village Green is already signing clients for SMARTweb(R), so this is not a revenue stream we hope to have in place - this has already become a reality.

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Source: Green Globe International, Inc.