OTCPicks.com Daily Market Movers Digest Midday Report for Friday, July 11th
CELI,
BSRC,
MGRN,
WNEA,
MEXP,
CHCG,
CGSE,
WSRA,
DTPI,
IVIT,
APII,
GGLB Our Stocks to Watch today include CelebDirect (OTC:
CELI), BioSolar Inc. (OTCBB:
BSRC), Monogram Energy Inc. (OTC:
MGRN), Wind Energy America Inc. (OTCBB:
WNEA), Marine Exploration Inc. (OTC:
MEXP), China 3C Group (OTCBB:
CHCG), Columbus Geographic Systems (GIS) Ltd. (OTC:
CGSE), Western Sierra Mining Corp. (OTC:
WSRA), Diamond Management & Technology Consultants Inc. (NASDAQ:
DTPI), Invicta Group Inc. (OTCBB:
IVIT), Action Products International Inc. (NASDAQ:
APII) and Green Globe International Inc. (OTCBB:
GGLB).
Visit http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L to register for our Daily Market Mover?s Digest Newsletter and Email Stock Watch Alerts.
CELEBDIRECT INCORPORATED (OTC:
CELI) Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L20 Company Profile: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L21 CelebDirect`s primary business is that of a direct response celebrity incubator and has two divisions which are direct response marketing and Celebrity placement / franchise opportunities. CelebDirect brings to the market unique and innovative products via direct to market strategies such as infomercials, advertorials and other associated advertising vehicles to expeditiously, economically and broadly market products throughout North American as well as a global basis. CelebDirect has a number of consumer-oriented products it is evaluating and others it is currently bringing to market.
CELI News:
July 11 - CelebDirect Inc. CEO Danny Alex Appears on Smallcap Rapp CelebDirect?s (OTC:
CELI) CEO Danny Alex is set to appear on Smallcap Rapp Live Radio at 11:00 AM Pacific Daylight Time on July 11, 2008.
The broadcast can be found at www.247mgi.com. Click on the ?SMALLCAP
RAPP? link and then ?Listen Live.? Mr. Alex will discuss CelebDirect, the Muscle Flex? and a number of other products and opportunities that CelebDirect is contemplating.
?CelebDirect has a number of opportunities that it is examining and is moving forward with a number of initiatives which includes the Muscle Flex,? commented Alex. ?As a company, we have to ensure that investors are aware of the opportunities for CelebDirect, the Muscle Flex and other product potentials.? To learn more about Muscle Flex, visit www.MuscleFlex.tv and understand why it is described as a revolution in the Fitness Industry. A wealth of pictures, video and detailed text provides consumers a comprehensive and entertaining venue for The Muscle Flex.
BIOSOLAR INCORPORATED (OTC:
BSRC) "Up 6.82% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L63 Company Profile: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L53 BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components. Its bioplastic materials can be also used directly in conventional manufacturing systems, such as injection molding and thin-film roll-to-roll, to create superstrate layer, substrate layer, and backsheet, as well as module and panel components. The company was founded in April 2006. It was formerly known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in June 2006. BioSolar, Inc. is headquartered in Santa Clarita, California.
BSRC News:
July 10 - BioSolar Inc. Reiterated `Speculative Buy,` Target Price $1.37 by Beacon Equity Research BioSolar Inc. (OTCBB:
BSRC) received a reiterated ?Speculative Buy? with a price target of $1.37 by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at www.beaconequity.com/adpages/
BSRC.
In the report, the analyst writes, ?Strong demand for alternative energy resources and record oil prices are fueling rapid development of the solar energy sector and enhancing the prospects for strong worldwide solar market growth. The cost and environmental advantages of
BSRC?s technology should help position the Company as a leader in the fast-growing solar energy market.? MONOGRAM ENERGY INCORPORATED (OTC:
MGRN) Detailed Quote: www.otcpicks.com/quotes/
MGRN.php Company Profile:
www.otcpicks.com/monogram-energy/monogram-energy.htm Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties.
The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN News:
July 7 - Monogram Energy Inc. to Post Financials Monogram Energy, Inc. (OTC:
MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that it has completed its issuer services agreement with Pink OTC Markets Inc. (formerly Pink Sheets). This action allows Monogram to provide current disclosure to the marketplace.
Monogram is presently working on current unaudited financial statements, and intends to post them on Pink Sheets` website as soon as they are completed. Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "Posting our financials gives us the mechanism to become more fully transparent to the investing public, and provides our shareholders another avenue to keep abreast of our progress." Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy`s goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
WIND ENERGY AMERICA INCORPORATED (OTCBB:
WNEA) Detailed Quote: www.otcpicks.com/quotes/
WNEA.php Company Profile:
www.otcpicks.com/wind-energy-america/wind-energy-america-2.htm Wind Energy America Inc. develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms:
Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present,
WNEA owns a developer`s stake and a minimal interest producing negligible cash flow in these wind farms. Over the next two years the developer?s stake will begin producing significant cash flow from these projects.
The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company owns a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.
WNEA News:
July 1 - Howard Lapidus Joins Board of Wind Energy America, Inc.
Wind Energy America Inc. (OTCBB:
WNEA) announced that it has added Howard Lapidus to its Board of Directors. Mr. Lapidus brings a unique business perspective to
WNEA through his large and small company entrepreneurial business experience.
As a veteran of the seafood industry for 21 years, Mr. Lapidus has worked for both Pillsbury and Cargill in managerial positions and in smaller food industry companies. In his past business career, he worked for one of the largest multinational food groups in Indonesia and became their national sales manager. After working for a $500 million privately-held Food Company in Los Angeles, as the Executive Vice President, he started his own seafood import company, HL Seafood, Inc., located in Chaska, MN.
Mr. Lapidus lives with his wife and three children in Chaska, MN and is a graduate of the University of Minnesota.
CEO of Wind Energy America, Darrel Kluge, commented, ?Wind Energy America is in the process of adding quality Board members to enhance its opportunities. Howard is a tremendous asset to the Board of Directors. As an investor in Wind Energy himself, Howard?s intuitive understanding of wind industry dynamics and business acumen can present creative solutions that leverage the high growth opportunities for Wind Energy America Inc.? In connection to his appointment, Mr. Lapidus stated, ?For some time, I have seen a tremendous opportunity developing within the wind energy industry. With the costs of fossil fuels skyrocketing, Wind Energy America can play an active role in the mitigation of our country?s use of these traditional fuels. Our company?s recent acquisitions bring both significant value and revenue to the company from electrical energy sales.? MARINE EXPLORATION INCORPORATED (OTC:
MEXP) Detailed Quote: www.otcpicks.com/quotes/
MEXP.php Company Profile:
www.otcpicks.com/marine-exploration/marine-exploration-2.htm Marine Exploration, Inc., a development stage company, engages in marine treasure hunting expeditions. It involves in the exploration and recovery of deep-ocean shipwrecks, including the marketing, sale, and distribution of recovered artifacts, replicas, merchandise, and books through various retail and wholesale sales channels. The company was incorporated in 1996 as Jenkon International, Inc. and changed its name to Multimedia K.I.D., Inc. in 1999. Later, it changed its name to
SYCO, Inc. in 2006; and to Marine Exploration, Inc. in 2007. The company is based in Denver, Colorado.
MEXP News:
June 27- Marine Exploration, Inc. Adds Two More Targets to Its Survey for Targeted Sunken Vessels With Possible Additional Values in Excess of 200 Million Dollars Marine Exploration, Inc. (OTC:
MEXP) has engaged further research in association with its Joint Venture Partner, Burt Webber`s Hispaniola Ventures, LLC, and has identified two more sunken targets in its already permitted survey area. These targets fall within the currently issued Dominican Republic Exclusive Contract. The treasure and artifacts aboard each vessel has a potential value of $100,000,000 each. The initial survey, set to begin in July, will now include the identification and salvage of these additional vessels.
"We are excited to gain additional salvage targets in our preliminary survey. With this data, we increase our chances of fulfilling our mission statement: to investigate, locate and recover valuable treasure from historic shipwrecks throughout the world," states Marine Exploration, Inc. President, Miguel Thomas Gonzalez.
CHINA 3C GROUP (OTCBB:
CHCG) "Up 32.23% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L34 China 3C is a leading wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics. The Company specializes in wholesale distribution and retail sales of 3C products in Eastern China, focusing on products that make life more comfortable, convenient and connected. The Company`s goal is to become the number one retailer of 3C products in China. For more information, visit www.china3cgroup.com.
CHCG News:
July 10 - China 3C Group Reports Preliminary Second Quarter 2008 Financial Results China 3C Group (OTCBB:
CHCG), a retailer and wholesale distributor of consumer and business products in China, today announced preliminary financial results for the second quarter ended June 30, 2008.
Net sales for the second quarter 2008 is expected to be in the range of $81.5-$82.5 million, which would be a 26%-28% increase compared to the prior year second quarter results of $64.5 million.
Net income for the second quarter 2008 is expected to be in the range of $7.3-$7.4 million, which would be a 33%-35% increase compared to the prior year second quarter results of $5.5 million. Second quarter 2008 diluted earnings per share is expected to be approximately $0.14 compared to $0.10 in the same period last year.
Mr. Zhenggang Wang, Chairman and Chief Executive Officer commented, ``We are very pleased with our preliminary second quarter results, which exceeded our internal plan. Our sales growth benefitted from a net increase in new doors, healthy demand for electronic products in most of our key categories, a broader product selection from the prior year period as well as from certain, new consumer-oriented programs that focus on service and increasing awareness of our expanding portfolio of brands.
Our net income improved largely due to increased sales results, the exit from unproductive doors as well as a lower tax rate in the second quarter compared to the prior year. We also anticipate a sequential improvement in gross margin for the second quarter. Overall, we are encouraged with our second quarter performance and continue to work aggressively to further enhance our position in China`s electronic consumer industry,`` concluded Wang.
The Company will disclose more detailed information related to its second quarter performance when it officially reports its second quarter 2008 financial results sometime during the first half of August 2008.
COLUMBUS GEOGRAPHIC SYSTEMS (OTC:
CGSE) "Up 220.00% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L60 Columbus Geographic Systems (GIS) Ltd. is a rising player in the field of geographic information systems (GIS) and navigation applications.
The Company brings advanced software capabilities to a wide range of users and devices, previously only accessible to trained professionals on dedicated devices.
CGSE News:
July 11 -
CGSE to Sign Agreement With DigitalGlobe, Supplier of Satellite Imagery to Google Earth Columbus Geographic Systems (GIS) Ltd. (OTC:
CGSE) ("Columbus") announced it has reached an important understanding with DigitalGlobe, world leader in high-resolution commercial imagery. DigitalGlobe also supplies the popular Google Earth website with its images. According to the understanding, Columbus will have access to DigitalGlobe`s digital image bank for use in the Ranger navigation system.
DigitalGlobe operates three imaging satellites: Worldview I, Worldview II, and QuickBird. These satellites collect the highest resolution commercial imagery of the Earth, and offer the largest image size, and greatest on-board storage capacity and resolution compared to any other commercial satellite imagery available today.
The market has become increasingly aware of the advantages of navigation and Global Positioning System (GPS) tools, especially for vehicle navigation systems. These tools include both built-in systems and Personal Navigation Devices (PNDs), which are handheld devices that users can carry with them and use in their vehicles. Industry analysts estimate that sales of PNDs will grow from approximately 14 million units in 2006 to approximately 56 million units in 2011. As the demand for these personal navigation devices continues to grow, so does the need for better quality images covering more parts of the world.
Columbus is a rapidly growing player in the geographic imaging systems and navigation industry. The company`s leading product, Ranger, is a cutting-edge navigation software package providing location-based, GPS mapping, navigation, and information solutions for the off-road environment.
"High-quality mapping images are an essential component of any effective navigation system. Access to DigitalGlobe`s advanced images will enable us to dramatically improve the scope and quality of the Ranger," says Columbus CEO, Tsvika Freidman. "We are determined to maintain our position as a leading player in the world of navigation systems and are very excited to partner with DigitalGlobe to enable us to maintain and enhance this position." WESTERN SIERRA MINING CORPORATION (OTC:
WSRA) "Up 44.44% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L50 Western Sierra Mining Corp., a development stage company, engages in the acquisition, development, and mining of mineral properties. Its subsidiary, Western Sierra Inc., engages in the gold and other precious mineral mining on a gold bearing placer deposit located in the Sierra Occidental Mountains in the state of Sonora, Mexico. In addition, it has a joint venture with Minera La Escuadra, S.A. (Escuadra) to process and market the minerals in approximately 35,000 tons of ore that was extracted by Escuadra from a mining property called El Picacho. It also has an option to purchase the mining rights to a mineral concession called Pirita, Mexico. The corporation operates in Mexico. The corporation has its principal executive offices in Lake Havasu City, Arizona.
WSRA News:
July 10 - Western Sierra Mining Announces Acquisition of Mining Properties in Arizona Western Sierra Mining Corp. (OTC:
WSRA) officially announced to shareholders that the Company has successfully executed a definitive material agreement with GoldRiver Exploration, Inc, whereby Western Sierra has acquired exclusive mining rights to eight ore bearing properties in the Bradshaw Mountain region of Central Arizona.
The recently finalized acquisition includes noted properties with extensive mining histories and precious metal ore bodies that are geologically well documented, including The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, The Eagle Mine and The Treasure Gulch Mine. Based on historic geologic assessments, collective proven gold reserves for the properties are estimated at 100,000 ounces (Au) with probable reserves of 400,000 ounces (Au), in additional to proven and probable reserves of silver totaling approximately 1,000,000 (Ag).
Together with the completion of this acquisition and the recent engagement of
PCAOB member accounting firm of Moore & Associates, Western Sierra management is working to value the mine group acquisition for accounting and reporting purposes in accordance with Generally Accepted Account Principals (GAAP) and industry norms. It is anticipated that this valuation information will be completed and released to shareholders within the next week.
Michael Chaffee, CEO & President of Western Sierra Mining, commented, ?We are thrilled to have formalized this transaction that will, when valuation calculations are completed, undoubtedly provide significant per share value to
WSRA shareholders, significantly improve the Company?s balance sheet and provide management with meaningful short-term production possibilities to propel the company into revenue generating status.? He continued, ?With the initial stake hold firmly in place, management will begin planning for preliminary exploration in the 3rd quarter while continuing to evaluate other properties that will expand total proven and probable reserves.? DIAMOND MANAGEMENT & TECHNOLOGY CONSULTANTS INCORPORATED (NASDAQ:
DTPI) "Up 29.48% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L59 Diamond Management & Technology Consultants Inc. is a management and technology consulting firm. Recognizing that information and technology shape market dynamics, Diamond?s small teams of experts work across functional and organizational boundaries to improve growth and profitability. Since the greatest value in a strategy, and its highest risk, resides in its implementation, Diamond also provides proven execution capabilities. We deliver three critical elements to every project: fact-based objectivity, spirited collaboration, and sustainable results. Diamond is headquartered in Chicago, with offices in New York, Washington, D.C., Hartford, London and Mumbai. Diamond is publicly traded on the Nasdaq Global Select Market under the symbol "
DTPI." To learn more, visit www.diamondconsultants.com.
DTPI News:
July 10 - Diamond Management & Technology Consultants, Inc. Announces Preliminary First Quarter Fiscal Year 2009 Results Diamond Management & Technology Consultants, Inc. (NASDAQ:
DTPI), a premier global management and technology consulting firm, today announced preliminary financial results for its first quarter of fiscal year 2009 (ended June 30, 2008).
The Company currently expects first quarter net revenue to be in the range of $38.2 million to $38.8 million and GAAP earnings per diluted share of $0.02 to $0.03, including the reversal of an international tax valuation allowance in the amount of $1.5 million, which provided a benefit of $0.05 per diluted share. The Company?s previous guidance for the first quarter was for net revenue in the range of $36 million to $38 million and GAAP earnings (loss) per diluted share in the range of ($0.03) to ($0.08). If the reversal of the international tax valuation allowance had been included in previous guidance, guidance for GAAP earnings (loss) per diluted share would have been in the range of ($0.03) to $0.02. In addition, the Company expects second quarter net revenue to be flat to up $2 million versus the June quarter. First quarter preliminary results are subject to change based on the completion of the Company?s normal quarter-end review process.
?We are pleased to report first quarter results above our previous guidance and, as importantly, to have visibility into an improving second quarter,? said Adam Gutstein, President and CEO of Diamond. ?Our clients have accepted the fact that the economic environment is a difficult one, but they also recognize the need to improve their business is even more important today than it was yesterday. This is where Diamond can help.? Diamond will report its full first quarter results of fiscal year 2009 before markets open on Thursday, August 7, 2008. Diamond will host a conference call following the announcement to discuss the results. The conference call will take place on Thursday, August 7, 2008 at 8:00 AM CT (9:00 AM ET). The dial-in number for the call is 800-926-4481 for North American callers and 212-231-2900 for international callers.
INVICTA GROUP INCORPORATED (OTCBB:
IVIT) "Up 116.67% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L51 Invicta Group, Inc. operates as an Internet media company. The company provides email broadcasting to travel enthusiasts seeking discounted travel products. It offers a Web site known as Travel Hot Link (www.travelhotlink.com) that has a database of approximately 40 million travel enthusiasts seeking discounted travel products, such as cruise vacations, airline tickets, hotel rooms, car rentals, and packaged tours. The company was founded in 2000 and is based in Ft. Lauderdale, Florida.
IVIT News:
July 10 - Invicta Group Inc. Announces Asset Acquisition and New CEO Invicta Group Inc. (OTCBB:
IVIT) has closed on the acquisition of the assets of City Book Savings (www.citybooksavings.com) from IMAGE Worldwide, Inc. (OTC:
IMGW). City Book Savings is a high-end 4-color glossy direct mailing market book. William Forhan, CEO and Chairman, Richard David Scott, President, and Mercedes Henze, Secretary, all resigned from the board and elected Paul Sorkin as President, CEO, and Chairman Invicta Group. William Forhan stated, "We believe Paul Sorkin`s marketing experience will be of great value in expanding Invicta`s current operations, along with bringing more great products to cross sell customers. Paul will also be able to cross sell all IMAGE Worldwide products also with Invicta." Paul Sorkin stated, "Invicta will see great cost savings on marketing by hiring IMAGE Worldwide to become the marketing firm of Invicta." Mr. Sorkin has served as CEO and General Counsel at IMAGE Worldwide, Inc. from 2007 to the present. From 2005 to 2007, Mr. Sorkin served as CEO and General Counsel at Image Nationwide, Inc. From 1996 to 2004, Mr. Sorkin served as COO and General Counsel at S & B Collectibles. Mr.
Sorkin holds a B.A. degree from the University of Illinois (1993) and a J.D. degree from Chicago Kent College of Law (1996).
ABOUT CITY
BOOK SAVINGS City Book Savings is a high-end 4-color glossy direct mailing market book. Each book is a 4" x 6" perfect bound hard cover publication featuring magazine quality ads providing an image conscious demographic with incentives to frequent some of the most exclusive businesses in a city`s affluent areas. City Book Savings offers 100% saturation of local neighborhood markets via direct mailing. The Company also offers documented return on investment results for clients and methods to help track each advertisement`s success. Chicago is the first market for City Book Savings and a number of other cities and states are being planned for the expansion.
ABOUT IMAGE WORLDWIDE, INC.
IMAGE Worldwide, Inc. (OTC:
IMGW) is a full service interactive multimedia marketing and advertising agency. IMAGE is vertically integrated with properties including a concert/nightclub venue, fashion/entertainment magazine, high-end direct mailing book, IT solutions company, along with other promotional and marketing companies. IMAGE utilizes a combination of different forms of media and promotions to help clients showcase and market their IMAGE in print, internet, event planning, radio, and TV.
ACTION PRODUCTS INTERNATIONAL INCORPORATED (NASDAQ:
APII) "Up 14.58% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L56 Action Products International, Inc., together with its subsidiaries, engages in the design, manufacture, and market of educational and non-violent branded toys, crafts, gifts, and activity products. The company offers wooden toys, action figures, play-sets, activity kits, and various playthings based on non-violent, educational, and fun topics, such as space, dinosaurs, science, and nature. Its brands include Curiosity Kits that encompass various craft activity kits; I Dig Excavation Adventures, which let children imagine they are dinosaur hunters, archaeologists, and treasure seekers; Space Voyagers line that combines vehicles from the space programs of the past, present, and near future; Climb@trons that are interplanetary robots, which climb up, down, around, and upside down with vacuum technology and auto reverse action; Jay Jay the Jet Plane Wooden Adventure System specifically for children aged two to five based on the animated series; and Kidz Workshop, which includes the EZ Build projects that promote confidence-building and fun-to-assemble for children of ages seven and above. The company sells its products through a network of manufacturer representative firms and an internal direct-sales department to various retailing channels, such as specialty retailers, museums, toy stores, gift stores, craft stores, hobby stores, theme parks, attractions, zoos, aquariums, catalog companies, Internet retailers, and educational markets primarily in the United States, Canada, the United Kingdom, Korea, Kuwait, Japan, Spain, Australia, and New Zealand. Action Products International was founded in 1977 and is headquartered in Orlando, Florida.
APII News:
July 11 - Action Products Wins Toy of the Year Award Creative Child Magazine Endorses Action Products` Curiosity Kits? New Product Recognizing the best-of-class creative and developmental value that Action Products` (NASDAQ:
APII) Curiosity Kits brand delivers, Creative Child Magazine awards the company`s Fiesta Pinata product with the Toy of the Year honors in the Party Crafts for Kids category.
Creative Child Magazine reviews more than 1,000 children`s products by a panel of moms and education professionals in selecting their award recipients, based on educational value, creative nurturing, creative play and overall price-value criteria.
"This award reinforces the high value moms and education professionals view our compelling product offerings. Each esteemed accolade we receive is testimony that the market is validating our strong position in the children`s toy and crafts category. We are grateful and proud of this recognition and motivates us even more to continue delivering category leading children`s products," notes Jae Hong, Director of Marketing, Action Products Toys & Crafts.
GREEN GLOBE INTERNATIONAL (OTCBB:
GGLB) "Up 25.00% in morning trading" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N62&L51 Green Globe International, Inc., through its subsidiaries, engages in the travel, tourism, and related green businesses worldwide. The company offers Voyager Network travel distribution platform providing direct access to reservation systems of various travel suppliers, including airlines, cruise lines, hotels, car rental companies, and providers of other travel amenities worldwide. It searches for availability and price for the itinerary suggested by the buyer over various direct connected suppliers and global distribution systems; and presents the aggregated result in the format preferred by the buyer. The company, formerly known as
GTREX Capital, Inc., was incorporated in 1999 and is based in Murrieta, California.
GGLB News:
July 9 - Green Globe International, Inc. Reports Attendance at Annual Caribbean Tourism Summit Meetings Included First Nations Targeted for Green Globe Sustainability and Carbon Neutrality Plans Green Globe International, Inc. (OTCBB:
GGLB), which owns the Green Globe brand, the premier international green brand focused on sustainability and carbon neutrality programs, reported its attendance at the first Annual Caribbean Tourism Summit held from June 21 to June 24, 2008 at the International Trade Center in the Ronald Reagan Building in Washington, D.C.
The purpose of Green Globe International`s attendance at the summit was to follow-up with Caribbean nations interested in the company`s plan to provide sustainability and carbon neutrality solutions that had been presented to Caribbean tourism leaders at industry events held in the Turks and Caicos Islands and Trinidad in April and May respectively.
Having reached agreement with Caribbean tourism officials to move forward with presentations to individual nations in the region at the earlier industry events, Green Globe International Chairman Gary Nerison and Chief Operating Officer Bradley Cox attended the summit.
Meetings were held with 3 Caribbean nations and further details were provided on how the company`s Sustainability and Carbon Neutrality Plan directly addresses climate change issues.
During their time in Washington, D.C., Mr. Nerison and Mr. Cox also met with representatives from PA Consulting Group, a leading global management consultancy company, and the two companies formally executed the recently announced Memorandum of Understanding under which Green Globe International and PA Consulting Group will cooperate in areas related to the delivery of sustainability programs under the Green Globe banner. This cooperation is expected to include nations in the Caribbean who attended the summit and have expressed an interest in building on the Green Globe certification credentials of tourism operators within their country to engage broader Green Globe sustainability programs.
Green Globe International representatives at the event also met with Dr. Murray C. Simpson, a Senior Research Associate at Oxford University Centre for the Environment and a leading expert in sustainability for the tourism industry and the issues surrounding tourism and climate change. Green Globe International has established a collaborative relationship with Dr. Simpson and expects to work with him as the company seeks to deliver its sustainability and carbon neutrality solutions to the Caribbean region. More information on Dr. Simpson can be found at www.murraysimpson.com.
"The Caribbean has traditionally been a stronghold for the Green Globe brand, and Green Globe International expects to expand our presence in the region through the acceptance of our Sustainability and Carbon Neutrality Plans," stated Steven R. Peacock, chief executive officer and managing director of Green Globe International, Inc. "These meetings in Washington, D.C. and our presence at the summit further advanced the familiarity of the plans by decision makers from the Caribbean region, and we look forward to seeing additional progress toward implementation of the plans by individual countries in the near term." The Caribbean Tourism Summit was organized by the Caribbean Tourism Development Company (
CTDC), the marketing and business development unit owned equally by the Caribbean Hotel Association (CHA) and the Caribbean Tourism Organization (CTO) and was attended by some of the most influential policy makers and tourism officials from more than 30 Caribbean countries.
Exhibitors participating in the event included: Air Jamaica, American Express, Anguilla Tourist Board, Bahamas Tourist Office, Barbados Tourism Authority, Cayman Islands Department of Tourism, Discover Dominica Authority, Dominican Republic Department of Tourism, Doubledown Media, Grenada Board of Tourism,
IICA, Illusions VIP Services, International Fund for Animal Welfare, Jamaica Tourist Board,
MACO Magazines, Martinique Promotions Bureau, Salto Systems, St. Kitts Investment Promotion Agency, St. Lucia Tourist Board, St. Vincent & the Grenadines, The New York Times, The Washington Times, Tourism Intelligence International, Tourism ROI, Trinidad & Tobago Tourism Development Company, Turks & Caicos Tourist Board, US Virgin Islands Department of Tourism and The Washington Times.
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.
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