Green Globe International, Inc. Comments On Strategic Alliance Between Co-Venture Partner Village Green Global And Epicor(R)
LOS ANGELES, July 19, 2010 (GLOBE NEWSWIRE) -- Green Globe International, Inc. (Pink Sheets:GGII), the worldwide owner of the Green Globe brand, today commented on the July 14 th announcement by Village Green Global, Inc. and Epicor Software Corporation regarding a strategic alliance between the two companies to extend Epicor's next-generation enterprise resource planning (ERP) suite with offerings that will provide companies the ability to identify, analyze, audit, track, manage, benchmark and report on carbon emissions, environmental impact and energy consumption. The alliance is intended to address the increased pressure companies are facing to engage in sustainable business practices and to track their carbon reduction compliance now and into the future.
Village Green specializes in enterprise carbon accounting, using an internationally recognized system for carbon analysis and trading. The company's services help deliver scalable reporting for carbon accounting around electricity use, water consumption, transportation, natural gas, waste and other factors to find ways to save energy and money and enable organizations to implement and maintain sustainable business practices.
Village Green and Green Globe have entered into a Co-Venture Reciprocal Licensing Agreement to deliver co-branded sustainability solutions to businesses. Under a purchase option in the companies' co-venture agreement, Green Globe has an option to acquire up to two million dollars of Village Green Global common stock by the end of 2010 at a fixed price per share and at a current market capitalization of the company.Governance, Risk and Compliance Strategies Compliance is at the heart of the design of Epicor ERP, and as businesses embark on corporate social responsibility (CSR) initiatives and begin to seriously consider energy availability and the long-term effects of climate change, they are turning their attention to an area of opportunity they can affect -- reduction of carbon emissions and energy conservation in their operations and supply chains.
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