SALT LAKE CITY, UT--(Marketwired - Aug 21, 2014) - Green Endeavors, Inc. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announces that it has filed its second quarter report on Form 10-Q with the SEC.
GRNE has continued its efforts to reduce liabilities and improve equity. During the six month period ended June 30, 2014, we reduced convertible debt instruments and related accrued interest by $911,550. We recognized a $212,194 gain as a result of this debt reduction. In addition to the significant debt reduction mention above, we reduced our working capital deficit by $279,724 to $669,090. During the six month period ending June 30, 2014, our total stockholders' deficit was reduced by $802,051. Finally, net income for the second quarter ended June 30, 2014 was $189,274.
Richard Surber, President and CEO of Green Endeavors, Inc., commented, "I am pleased GRNE continues to make progress in improving the balance sheet and profitability of the company."
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 newest 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 2013 and 2014. 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.