Green Globe International, Inc. Updates Progress of the Acquisition Due Diligence Process with Planet Positive International,...

Green Globe International, Inc. (OTC: GGII) today announced progress in its due diligence process with Planet Positive International, LLC, the owner of the Planet Positive online environmental certification program, which has been targeted as a potential acquisition for the public company. The companies have exchanged due diligence documents and both are currently reviewing the information provided, which includes legal, accounting and financial, contractual and additional historical information.

The Letter of Intent between Green Globe International and Planet Positive International provides for a period of due diligence, which if successful, will lead to a binding definitive agreement on or before June 30, 2011, whereby Green Globe International will acquire 100% of the issued and outstanding capital of Planet Positive International in a share exchange transaction. Green Globe International will issue shares of preferred stock in exchange for the shares of Planet Positive International.

In addition, Planet Positive International recently announced plans to add water to its Protocol later this year in the company’s continuing trend to move beyond carbon. By measuring the water used by businesses throughout the certification period, as Planet Positive already does for electricity, gas, travel, paper and waste, Planet Positive will be able to track reductions in water usage made year on year.

“The addition of water to the Planet Positive Protocol is an appropriate step given the growing global concern over water and water usage,” said Green Globe International Managing Director and CEO Steven R. Peacock. “We are focused on completing our due diligence process with Planet Positive International with the goal of consummating the proposed acquisition as soon as possible.”

About Planet Positive International, LLC

Planet Positive International is the owner of the brand, Planet Positive, an online environmental certification for businesses, products, buildings, events and people. Certification includes a carbon footprint report, an action plan including employee engagement materials to help make reductions in energy, carbon and costs, marketing materials for the client to communicate their success and a community investment element through the not-for-profit Planet Positive Foundation. Planet Positive International licenses its intellectual property to wholly owned subsidiaries operating in the United Kingdom and the United States, and expects to license additional territories to third parties throughout the world. For more information, please visit http://www.beplanetpositive.com/.

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. The company 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.

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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 all forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Green Globe (PK) (USOTC:GGII)
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