Green Globe International, Inc. Announces Agreement with Village Green Global, Inc. to Assist with the Sale of Energy Efficie...

Green Globe International, Inc. (OTC: GGII) today announced an agreement with Village Green Global, Inc. to assist in the sale of Energy Efficiency Credits currently owned by Village Green Global. Village Green Global currently owns 5.4 million Energy Efficiency Credits, which it is seeking to sell and anticipates that in the future it will generate additional EECs on an ongoing basis that it will also seek to sell.

Under terms of the agreement, Village Green Global will retain Green Globe International, on a non-exclusive basis, to assist in the sale of its current and future EECs. The parties have agreed to meet and Village Green Global has agreed to provide Green Globe International with copies of all relevant documentation relating to its current EECs and such other information and explanations as necessary to allow Green Globe International to effectively market the EECs for sale.

In the event that Village Green Global completes the sale of some or all of its EECs to a purchaser introduced to it by Green Globe International, Green Globe International will be entitled to a commission to be paid out of the net proceeds of any such sale. The commission percentage will be based upon the net sale price per EEC received by Village Green Global.

“We believe that there will be growing demand for Energy Efficiency Credits globally and look forward to assisting with the sale of current and future EECs generated by Village Green Global’s Smartweb environmental reporting software,” said Green Globe International Managing Director and CEO Steven R. Peacock. “There are already markets established for EECs, both in the United States and internationally. Given the continued focus on energy conservation, we are confident that buyers can be located and the sale of Village Green Global’s EECs will be consummated.”

“Village Green Global is actively working in the emerging carbon markets through distribution of proprietary software to support energy reporting and carbon trading globally, as such we are looking forward to a successful outcome to this new arrangement,” said Mr. Doug Smith, CEO and Founder, Village Green Global Inc.

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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 acquire environmentally oriented companies that add value to the public company and its shareholders. For more information please visit www.greenglobeint.com.

About Village Green Global Inc.

Village Green Global Inc.(“VGG”) has developed scalable carbon accounting software, offered as a service (SaaS), to large greenhouse gas emitters for corporate social responsibility reporting and compliance management. . Once objectively measured by VGG’s software, emissions or energy saved by a greenhouse gas emitter can be publicly and privately sold as energy or emission credits to generate a new source of revenue to support energy efficiency and improved profitability. For more information on Village Green Global, Inc., go to www.villagegreenglobal.com or contact [phone].