Business & Finance
Business and Finance
Business and Finance
Mon, July 25, 2011 Green Globe International, Inc. Begins Process of Implementing Name Change to Green Globe Capital Partners
LOS ANGELES--([ BUSINESS WIRE ])--Green Globe International, Inc. (OTC: GGII) today announced that the company is moving forward with its planned name change to Green Globe Capital Partners and is currently in the process of filing the appropriate paperwork with the State of Delaware. Once the change is approved with the state, the company will file a corporate action request with FINRA to effect the name change. The company will not pursue a change in its stock trading symbol as a result of the name change.
"The name Green Globe Capital Partners was chosen to better identify the core business of the public company that revolves around the expertise of management and the relationships with its affiliates or acapital partnersa™ in the areas of finance, corporate advisory, marketing, and public relations"
The name change is being undertaken in order to more accurately reflect the broadening of the companya™s focus beyond just the Green Globe brand and into other sectors within the burgeoning environmental marketplace, including fund management and environmental project financing.
In anticipation of the name change, the company has purchased several new website domains, including [ www.greenglobecapitalpartners.com ], and a new site under construction is expected to be launched in the near term. The site will provide additional information on the expanded products and services offered by the company and will include links to its identified Capital Partners. In addition to the new public company site, Green Globe, Ltd., the UK corporation that owns the Green Globe brand, will have its own site at [ www.greenglobeltd.com ] that will launch in the coming weeks.
aThe name Green Globe Capital Partners was chosen to better identify the core business of the public company that revolves around the expertise of management and the relationships with its affiliates or acapital partnersa™ in the areas of finance, corporate advisory, marketing, and public relations,a said Managing Director Steven R. Peacock.
Christopher M. Kimmes, Interim President, stated, aWe incorporated the term acapital partnersa™ into the public company name because of its broad definition that includes four types of economic capital: Physical (non human, financial assets), Natural (things of the environment), Human (people) and Cultural Capital (non financial social assets). The new image, structure and overall plan set the stage for what I believe will be the foundation of significant growth for the company.a
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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. Green Globe International is structured as a holding company and expects to continue to align with or to acquire environmentally oriented companies that add value to the public company and its shareholders. For more information please visit [ www.greenglobeint.com ].
