GGLB | Green Global International Confirms Agreement With Estoril

Penny Stock News Roundup

Facility Targeted to Become the Premier Green Certified Congress Center in Europe

Jul 28, 2008 9:09:00 AM
MURRIETA, CA -- (MARKET WIRE) -- 07/28/08 -- 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 confirmed its agreement with the Estoril Congress Center (ECC) in Estoril, Portugal, under which Green Globe International provides a variety of sustainability and related services that will enhance the center's position as the premier green meeting venue in Europe.

In response to the global climate crisis, Estoril Congress Center has committed to a vision of operating a meeting facility with zero emissions and zero waste. Its goal is to become a certified reference for sustainability in Portugal and in the European Congress Market.

Estoril Congress Center has initiated its certification process under Green Globe International by implementing a methodology focused on 4 key steps: Strategy and Vision, Recording Energy and Waste Usage, Stakeholder Engagement and Execution of Sustainable Operational Procedures. The service package provided to ECC by Green Globe International will include carbon, waste and resource reduction strategies, and operational protocols for recycling and material reuse, staff training, communications and measurement.

Green Globe International will appoint a representative to assist in the planning and coordination of sustainability activities for the Estoril Congress Center and will identify the criteria and benchmarking standards that must be achieved to attain sustainability and certification. The benchmarking and certification will be delivered through EC3 Global, Green Globe International's exclusive provider of the benchmarking and certification program worldwide.

ECC expects to receive the Green Globe benchmarked status by September 2008, thereby becoming among the first Congress Center in Europe to achieve that status in the Green Globe program and the first to achieve it under Green Globe International's comprehensive sustainability services agreement.