SOURCE: Green Endeavors, Inc.

Green Endeavors, Inc.

May 23, 2016 08:30 ET

GRNE Files Form 10Q for March 31 '16: Revenues of $791,508, up 13%

SALT LAKE CITY, UT--(Marketwired - May 23, 2016) - Green Endeavors, Inc. (OTC PINK: GRNE) recently filed its financial statements on Form 10Q for the period ended March 31, 2016. GRNE reported $791,508 in gross revenues compared to $701,756 for the same period in 2015, a 13% improvement. GRNE's operating loss narrowed to $4,675 versus $203,113 for the comparable quarter in 2015. Our net loss decreased in the first quarter by more than 61% from $277,796 to $107,739.

Richard Surber, CEO, commented, "All three of our current locations are showing operational improvements that are expected to accelerate as the year progresses. Our focus remains on increasing the number and quality of our service providers. Our staffing efforts are beginning to have a significant impact on our business. Service revenues increased from $504,517 in Q1 2015 to $600,254 in 2016, nearly a 20% increase. Our Aveda Experience Center has begun performing limited services in 2016 which will further improve the financial viability of our only mall location. I am pleased with the progress so far in 2016."

About Green Endeavors, Inc.:

Green Endeavors, Inc. (OTC PINK: GRNE), headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE is a majority owned company of Sack Lunch Productions, Inc. (OTC PINK: SAKL). GRNE's wholly owned subsidiaries, Landis Salons, Inc., Landis Salons II, Inc., and Landis Experience Center LLC, http://www.landissalon.com; operate hair salons built around the world-class AVEDA™ product line. For more information, visit http://www.green-endeavors.com. The numbers are not audited but have been reviewed by an independent accountant. GRNE strongly encourages the public to read the above information in conjunction with its filings and disclosures filed in 2016 and 2015. 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