Livingventures Inc (OTC:LIVV)

Old Description:

China Renewable Energy Holdings, Inc. (a development stage company) ("CREH") was incorporated under the laws of the State of Florida on December 17, 1999.

 

Subsidiaries


China Clean and Renewable Limited (a development stage company) (“CCRL”) was incorporated under the laws of Hong Kong, China on April 19, 2006.  China Clean and Renewable Limited was organized to provide consulting services on environmental protection projects in China.


Renewable Energy Enterprises (Shanghai) Co. Ltd (“REEC”) was incorporated under the laws of the People’s Republic of China on February 27, 2008. REEC was organized to provide renewable energy products and equipment in China.

New Description:

Our company is a smaller reporting company as described by the Rules of the Securities and Exchange Commission Regulations.  Initially, our business model was primarily focused on providing consultancy and advisory services to clients in addition to our marketing and distribution efforts.  The consultancy and advisory services we were seeking to offer were focused on the development of Clean Development Mechanism (CDM) projects in China, which provided credits that could be sold or traded pursuant to the structures set forth in the Kyoto Protocol, as well as the development of energy efficiency projects in China, which did not generate tradable carbon credits, but were nonetheless energy efficient or conservational and positive for the environment in keeping with China's National Action Plan on Climate Change.

Despite the efforts of our management, during 2009 we were unable to secure any consultancy or advisory agreements or related business. We believe that the global economic turmoil combined with suddenly fallen oil prices, as well as delays in carbon credit approvals negatively affected CDM-based renewable energy projects in China.

In view of the recent global economic turmoil and our limited financial resources, the management was progressively looking for readjusting its strategic focus to allow the Company to diversify into other potential geographic and business areas.

On August 12, 2011, the Board of Directors adopted a resolution to amend Article I of the Company’s Articles of Incorporation to change the Company’s name to “Green Global Investments, Inc.”  The Board believes that the change of name was warranted given the change in the Company’s business focus so as to reflect the present direction and operations of the Company.

Last updated April 9, 2012