Green Globe International, Inc. CEO Issues Statement Regarding Recently Filed Quarterly Report

MURRIETA, CA–(EMWNews – August 18, 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 issued a

statement from CEO Steven R. Peacock regarding the company’s recently filed

quarterly report for the period ended June 30, 2008.

A link to the report can be found on the company’s website,

www.greenglobeint.com.

The quarterly filing showed an increase in current liabilities as a result

of debt assumed by the company when it acquired 88% of Green Globe, Ltd., a

U.K.-based company and owner of the Green Globe brand. The debt, which was

assumed from the founders of Green Globe Ltd. for capital that was

contributed to support Green Globe Ltd. since its inception, is

non-interest bearing, non callable and is expected to be paid back over

time out of cash flows.

“First, we are pleased to have filed the quarterly report for Green Globe

International and to maintain its compliance with required financial

reporting timelines,” commented CEO Steven R. Peacock. “Second, the

assumption of debt reflected in this quarterly report was the primary cost

for the company’s acquisition of the Green Globe brand. It has become

readily apparent in the relatively brief period since the company made this

acquisition that the brand has almost incalculable value and that the debt

assumed was a small price to pay in order for the company and its

shareholders to participate in this global phenomenon.

“While there is no value attributed directly to ownership of the Green

Globe brand in the current financial statements, the company is now in the

position to derive substantial revenues from its very timely purchase of

the most highly recognized and only internationally established green

brand. Management is more than confident of the value delivered by

ownership of the brand, as evidenced by the recent solicitations, initial

agreements and expressions of interest from prominent international

companies seeking to be affiliated with Green Globe International.

“The next quarterly report filed by Green Globe International will include

the first revenues generated since the company acquired the Green Globe

brand. While expect that this is only the beginning, realizing revenues is

an important first step in developing value for the company’s

shareholders,” added Mr. Peacock.

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 sustainability program

based on Agenda 21 principles.

Green Globe International (www.greenglobeint.com) 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. To subscribe, please visit

http://www.greenglobeint.com/stayconnected/email/.

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. Green Globe’s worldwide network extends across 30 countries.

For information on Green Globe’s benchmarking and certification please

visit http://www.ec3global.com/products-programs/green-globe/Default.aspx.

For more information on Green Globe International, please visit

www.greenglobeint.com.

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.