|[December 10, 2012]
Green Global Investments, Inc. Updates Investors on Its Business Strategy and Current Developments
MAITLAND, Fla. --(Business Wire)--
Green Global Investments, Inc. (OTCBB:GGIX), a fully integrated real
estate investment, development and operating company focused on senior
housing management, updates shareholders on its business strategy and
other current developments.
Green Global Investments currently has 1,000 units in 10 senior housing
facilities in Ontario, Canada, and expects to grow rapidly to 3,000 to
5,000 units for which it will provide management and other services. The
Company also has under contract two acquisitions of properties in
Florida, with approximately 120 units of assisted living.
Additionally, Green Global has two separate properties under contract in
Florida that it intends to develop, each of which is expected to consist
of 120 units of assisted living and memory care. The Company will
operate, and have an ownership interest in, each of them. The
development projects will be partially funded through the Company's EB5
Regional Center. The United
States Citizenship and Immigration Service EB-5 Visa Program
provides an international investor and his/her family with a Green Card
after the company in which they invest creates employment from the
Green Global's acquisition and development strategy is a central
component of its mission to become a leading seniors housing management
company with a resident-centric service model. As part of its growth
strategy, the Company expects to continue to identify compatible
acquisitions, development opportunities and mergers, joint ventures and
financing channels for seniors housing properties, which will provide
further opportunities to manage seniors housing facilities. Green Global
has also filed to change its corporate name to "LivingVentures" with the
state of Florida; it then expects to file a name and trading symbol
change with FINRA as well.
Richard Asta, President and CEO of Green Global Investments, Inc. said,
"Our two recent acquisitions, CommerCenters, LLC, a real estate and
capital markets company, and International Care Management Services, a
leading seniors housing management company ("ICMS", operating under our
branding as "LivingVentures Manaement"), position us as an emerging
leader in the senior living industry. Our filing with the state of
Florida for a name change to "LivingVentures" more clearly reflects our
Company's business operations and ongoing corporate growth strategy."
"We believe our hospitality model, experienced operations management
team, resident-centric service approach, and the capital market strength
provided by our Orlando EB5 Regional Center Investments, give us clear
advantages as we implement our growth strategy. We expect these unique
characteristics will enable Green Global to fulfill its mission of
becoming a premier real estate company in the seniors housing business,"
Mr. Asta concluded.
The Company's Asian subsidiary, GGI (Asia) Ltd., which supports Orlando
EB5 Regional Center Investments, provides access to investment capital
to fund its various projects.
Recent Developments and Repositioning of the
As part of the Green Global's strategy to expand its business focus, it
acquired CommerCenters, LLC, in March 2012, and 2040177 Ontario Limited
("ICMS-Canada"), and International Care Management Services Ltd.
("ICMS-US"), in September 2012 (collectively, "ICMS"). CommerCenters is
a fully integrated, real estate investment and development firm,
headquartered in Orlando, Florida, with clients and joint venture
partners in properties located principally in Central Florida. ICMS
manages, operates and provides services to approximately 1,000 units in
10 senior housing facilities in Ontario, Canada. Its management team is
highly experienced in the successful operation of senior living
In June 2012, the company sold China Clean and Renewable Energy Limited,
and its related businesses, which provided consulting services,
equipment and other related environmental protection services and
projects in China, to Power Pacific Holdings Limited. As a result of
this divestiture, the Company is now focused solely on the acquisition,
development and operation of seniors housing properties.
About Green Global Investments, Inc.
Green Global is a fully integrated real estate investment, development
and operating company focused on senior housing management. Its
hospitality model and resident-centric approach provide the company
advantages in the senior living sector. The company currently operates
and provides services to senior housing projects in Canada and Florida
and plans to develop, own and manage assets in markets across the U.S.
and Canada. Green Global has extensive expertise in senior housing
management, commercial real estate development and capital markets
financing. Its recent acquisition of International Care Management
Services ("ICMS"), a company that manages 1,000 senior housing units in
Ontario, Canada, brings a robust pipeline of attractive acquisition and
management opportunities. The company also provides EB-5 equity capital
and debt financing. To learn more about the company, visit its website, www.greenglobalinvestments.com.
Safe Harbor Statement
Statements included in this press release that do not relate to present
or historical conditions are "forward-looking statements."
Forward-looking statements may include, without limitation, statements
relating to our plans, strategies, objectives, expectations and
intentions and are intended to be made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Our
ability to predict projected results or the effect of events on our
operating results is inherently uncertain. Forward-looking statements
involve a number of risks, uncertainties and other factors that could
cause actual results to differ materially from those discussed.
Forward-looking statements should not be read as a guarantee of future
performance or results, and will not necessarily be accurate indications
of the times at, or by which, such performance or results will be
achieved. Forward-looking information is based on information available
at the time and/or management's good faith belief with respect to future
events, and is subject to risks and uncertainties that could cause
actual performance or results to differ materially from those expressed
in the statements. Important factors that could cause actual performance
or results to differ materially from those expressed in or implied by,
forward-looking statements include, but are not limited to factors
described in our 2011 Annual Report on Form 10-K and 2012 Quarterly
Reports on Form 10-Q.
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