SOURCE: Green Globe International, Inc.

June 11, 2008 14:09 ET

Green Globe International, Inc. Congratulates Iceland's Snaefellsnes Peninsula for Achieving Green Globe Community Certification

June 8th Ceremony, Which Includes National and Local Dignitaries, Celebrates Achievement

MURRIETA, CA--(Marketwire - June 11, 2008) - 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 congratulated Iceland's Snaefellsnes peninsula on becoming the first Green Globe certified community in Europe and only the fourth in the world.

The five municipalities on Snaefellsnes peninsula joined the Green Globe benchmarking and certification program in 2003. In September 2004, the Snaefellsnes community was benchmarked by Green Globe and became the first community in the Northern Hemisphere to reach that status. Snaefellsnes continued with annual benchmarking and reached certification status this year.

In celebration of its achievement, a special ceremony was held on June 8, 2008. Attendees at the ceremony included Ólafur Ragnar Grímsson, the President of Iceland; Sturla Böðvarsson, the President of Alþingi, the national parliament of Iceland, both of whom delivered a speech at the event; leaders from the 5 municipalities on the Snaefellsnes peninsula; and representatives from the steering committee of Snaefellsnes. Green Globe's representative in Iceland also attended the ceremony.

With a number of Green Globe participating companies and communities, Iceland has demonstrated leadership in the sustainability movement. Green Globe has been the choice of Icelandic companies and communities that wish to show that they promote and practice sustainable tourism.

"The efforts of the Snaefellsnes peninsula in the area of sustainable tourism should be commended, and Green Globe International is pleased to take this opportunity to offer our congratulations on the occasion of Snaefellsnes achieving Green Globe community certification," commented Steven R. Peacock, chief executive officer of Green Globe International. "As Green Globe International continues to work with other European companies, communities and destinations, we will point to the Snaefellsnes peninsula as a prime example of how sustainability can become an integral element of a community's tourism program. Their long-standing commitment to the sustainable use of Iceland's natural resources, combined with the natural beauty, history and rich culture of the Snaefellsnes peninsula, should only increase its profile as an attractive destination for conscientious travelers."

The World Travel and Tourism Council (WTTC) established Green Globe in 1992 as a response to the United Nations Rio de Janeiro Earth Summit, where 182 Heads of State endorsed the Agenda 21 principles of Sustainable Development. Green Globe is the only international benchmarking and certification program based on Agenda 21 principles. It provides a framework for environmental and social performance improvement through independent third party verification.

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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. For information on Green Globe's benchmarking and certification please visit For more information on Green Globe International, please visit

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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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