SOURCE: Green Endeavors, Inc.

Green Endeavors, Inc.

August 07, 2014 08:00 ET

GRNE Obtains $240K Loan From AMEX

SALT LAKE CITY, UT--(Marketwired - Aug 7, 2014) - Green Endeavors, Inc. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced that it has received a $240,000 from American Express Bank.

The loan bears interest at 6% per year with repayment over 24 months. Richard Surber, CEO of Green Endeavors, stated, "Obtaining a loan of this size shows that we are credit worthy. I believe it is significant because it is establishing credit worthiness for larger conventional lending which will be critical for when we begin to scale up and build out or purchase new locations."

Mr. Surber continued, "Possible use of proceeds will include renovating our flagship location, laying the ground work for our next location, and stepping up our online presence to gain further investor awareness for GRNE. We recently updated our website at www.green-endeavors.com as an initial step in improving the company's image."

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, sell 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