SOURCE: Green Endeavors, Ltd.

Green Endeavors, Ltd.

June 24, 2010 08:00 ET

Green Endeavors Files Its Form 10 With the SEC

SALT LAKE CITY, UT--(Marketwire - June 24, 2010) -  Green Endeavors, Ltd. (PINKSHEETS: GRNE), a salon holding company, announced that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission. A Form 10 is a comprehensive disclosure document with audited financial statements that will cause GRNE to become fully reporting with the SEC under the Securities Exchange Act of 1934. Once the filing is effective in 60 days, GRNE will be required to file regular quarterly reports (Form 10Qs), certain interim reports (Form 8Ks), annual reports (Form 10Ks), and several other disclosure documents.

Richard Surber, CEO of GRNE, explained, "I would describe a Form 10 as the shareholders' owner manual. The filing will provide more financial transparency and more ease in raising capital. Upon the Form 10 clearing comments with SEC, we will take steps to up list to the OTCQX and OTCBB. Our ultimate long term goal would be to obtain a listing on the NASDAQ Small cap upon meeting the net worth, earnings, and stock price requirements."

Mr. Surber continued, "Becoming a fully reporting company is a very big first step towards growing our salon operations in a more expedient pace. It is my belief that GRNE will be able to more efficiently raise capital for its expansion needs. In addition, being able to offer stock option and other equity based incentives is an essential tool in recruiting top notch talent. Raising capital and hiring great management will be key to future growth and build value."

About Green Endeavors, Ltd.
Green Endeavors, Ltd. (PINKSHEETS: GRNE), headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE's wholly owned subsidiary Landis Salons, Inc., http://www.landissalon.com, is built around the world-class AVEDA product line. For more information, visit http://www.green-endeavors.com.

GRNE strongly encourages the public to read the above information in conjunction with its filings and disclosures filed in 2009 and 2010. GRNE's disclosures can be viewed at www.pinksheets.com; prior years are also available at www.green-endeavors.com.

Contact Information

  • FOR MORE INFORMATION, CONTACT:
    Richard Surber
    President
    Green Endeavors, Ltd.
    801-575-8073 x 106
    Email Contact