SOURCE: Green Globe International, Inc.

March 17, 2008 11:31 ET

Green Globe International, Inc. Announces Changes to Its Board of Directors

MURRIETA, CA--(Marketwire - March 17, 2008) - Green Globe International, Inc. (OTCBB: GGLB), which has acquired 88% of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related businesses, today announced the appointment of travel industry veteran Charles Kao to the company's Board of Directors. In addition to the appointment of Mr. Kao, the Board has appointed Steven R. Peacock, who also serves as a chief executive officer of the company, as managing director of the Board and has accepted the resignation of Geoffrey Lipman as a director.

A Current Report on Form 8-K regarding the Board changes will be filed with the Securities and Exchange Commission today.

During the past 30 years, Mr. Kao has served as chief executive officer of several travel related companies, including charter flight companies, retail travel agencies, meeting and convention planners, destination management companies, special interest groups, FIT operators, and air consolidators based in the U.S., Europe and the Orient.

Since 1989, Mr. Kao has served as managing director of Travelware. Travelware's focus is on the technology needs of tour companies, hotels, airlines, tourist boards, convention locations, visitor bureaus, car rental companies, travel management companies and Fortune 1000 companies' travel departments. Customers include Carlson WagonLit Travel, American Express Travel, Kuoni/Zurich, Grey Line Worldwide, Japan Travel Bureau International, Jet Vacations, Jetset Tours, Texas Instruments, Xerox, Allied Signal, and Accor Group/Paris.

Since 1995, Mr. Kao has been very active in travel related eCommerce in over 20 countries. Mr. Kao is the co-founder of Tiss.com (USA), with partners Deutsch Telecom and Lufthansa Group in the Omnis Online global tourism marketplace. Tiss.com offers online consolidator airfare in 20 countries in 9 languages and is responsible for launching Travelocity and One Travel's consolidator program in 1996.

Mr. Kao currently serves as group chairman and publisher of TravelMole.com and TravelMole.TV. TravelMole.com is an online media company which publishes 15 eNewsletters to over 450,000 travel and tourism industry professional subscribers and 70 million consumers in 132 countries. TravelMole.TV engages in Internet video production and broadcasting to a global audience of 150 million. Since 2003, Mr. Kao has served as president of OmniTravelSeach, Inc. OmniTravelSearch develops meta search solutions for travel/tourism enterprises and was awarded and owns the meta search patent in 1999. In addition, Mr. Kao has served as chairman of Omni Tourism, LLC since 2001. Omni Tourism owns and develops proprietary software for designations to manage, aggregate and distribute their content and manage their destinations.

Mr. Kao graduated from University of Michigan with a bachelor's degree in Industrial Engineering. He has been or is currently a member of ASTA (American Society of Travel Agents), SITE (Society of Incentive Travel Executives), ACTE (Association of Corporate Travel Executives), NBTA (National Business Travel Association), Society of Travel & Tourism Educators, PATA (Pacific Area Travel Association) and CLIA (Cruise Line International Association). In addition, he is the founder of TTA (Travel Technology Association) and TOWARD (Tour Operators & Wholesalers Achieving Real-time Distribution).

Mr. Lipman resigned his Board position with Green Globe International in order to continue to focus on critical work in the public sector.

As a result of Mr. Lipman's resignation and the appointment of the two new directors, the Board now consists of Gary Nerison, Terry De Lacy, Mr. Kao and Mr. Peacock. There are no plans at present to fill Mr. Lipman's position on the board.

"We would first like to thank Mr. Lipman for his stewardship of the Green Globe program since its inception and for his enormous contribution in bringing the Green Globe brand to Green Globe International," stated Mr. Peacock. "He played an integral role in facilitating the acquisition of Green Globe, Ltd., and we certainly understand his desire to focus his efforts on the public sector and its interface with private sector action and wish him only the best. In this context we strongly reaffirm our support for UNWTO initiatives related to sustainable tourism, poverty alleviation and response to global climate change, which will be a cornerstone of Green Globe International's mission statement."

"We are pleased that Charlie Kao has accepted an appointment to the Board and believe that there are few people in the global travel and tourism industry that are better suited to provide oversight and leadership for the company than Mr. Kao. His experience in a variety of businesses and organizations within and related to travel and tourism gives him a unique perspective, and we are very lucky to have him associated with Green Globe International," added Mr. Peacock.

Green Globe International encourages all shareholders and others interested in following the progress of the company to subscribe to receive email alerts whenever new information is made public. The company's email alert system is currently located at http://www.gtrexcapital.com/investor.php. All mailing list contacts from this site will be transferred to a new Green Globe International website as soon as it is launched.

About Green Globe International, Inc.

Green Globe International, Inc. is the majority owner of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related green businesses. The company also holds a majority interest in Global Travel Exchange, Inc., whose Voyager Network travel distribution platform provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities.

Safe Harbor Statement

This release contains forward-looking statements with respect to the results of operations and business of Green Globe International, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

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