SOURCE: Green Endeavors, Inc.

Green Endeavors, Inc.

November 19, 2014 08:30 ET

Green Endeavors Reports Revenues of $2.4M and Net Income of $69,061 for the Nine Months Ended September 30, 2014

SALT LAKE CITY, UT--(Marketwired - Nov 19, 2014) - Green Endeavors, Inc. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announces that it has filed its third quarter report on Form 10-Q with the SEC.

Some highlights from the Form 10-Q include a continued trend in further improving our working capital and the health of our balance sheet. During the third quarter, we recognized an additional $33,535 in debt forgiveness. Our working capital improved by $403,111, as compared to December 31, 2013. We have settled over $945,085 in debt over the nine months ended September 30, 2014. Our revenues came in at $2,428,730, compared to $2,646,259 for the same period in 2013. Nonetheless, our net income for the nine months ended September 30, 2014 was $69,061, compared to a loss of $37,461 for the same period in 2013.

Richard Surber, President and CEO of Green Endeavors, Inc., commented, "We had a slight setback as far as revenues are concerned, but feel it was short lived. We have had to turn guests away at various times because we had insufficient stylists. We have learned our lesson from this minor setback and we have implemented an aggressive recruiting strategy to mitigate the effect of being understaffed. Over the last three months we have stepped up our recruiting and training efforts with great success. We plan on over staffing our current locations looking forward to opening our fourth location in Utah. In addition, we have scouted several locations that are out of state as well which are promising. I will announce more on new locations when our plans have firmed up. I believe it is essential to have a strong foundation before expanding. My team continues to dial our systems down in anticipation of substantial future growth."

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.landissalon.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.

Contact Information

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