SOURCE: Green Endeavors, Inc.

Green Endeavors, Inc.

June 26, 2013 13:21 ET

DTCC Deposit Chill of GRNE Lifted

SALT LAKE CITY, UT--(Marketwired - Jun 26, 2013) - Green Endeavors, Inc. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced that it has received a letter from the Depository Trust Company (DTCC) informing Green that as of June 6, 2013 the DTCC has "...determined to lift the Deposit Chill and has resumed accepting deposits of the Issue for depository and book-entry transfer services."

CEO, Richard Surber, explained, "GRNE's outside counsel and DTCC reviewed the issuance of all of common stock that had been issued over the last 5 years and a determination was made that all securities were properly issued under various securities laws. The review process was time consuming and expensive. However, now that we have resolved the DTCC issue we will be able to bring more focus to growing the underlying business. It is my belief that the chill depressed the share price as a result of 'chilling' the tradability of GRNE's common stock. The removal of the chill is a very positive development in moving GRNE forward."

About Green Endeavors, Inc.:
Green Endeavors, Inc. (PINKSHEETS: GRNE), headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE's wholly owned subsidiaries, Landis Salons, Inc. and Landis Salons II, Inc. http://www.landissalons.com, operate hair salons built around the world-class AVEDA product line. Our wholly owned subsidiary, Landis Experience Center, LLC, http://www.avedaatcitycreek.com, sells a full array of Aveda™ products. 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 2012 and 2013. GRNE's disclosures can be viewed at www.sec.gov and www.otcmarkets.com. Investors should not invest more than they can afford to lose in penny stocks.

Contact Information

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