SOURCE: Green Endeavors, Inc.

Green Endeavors, Inc.

November 07, 2011 08:00 ET

GRNE Posts Revenues of $709,075 for 3Q of 2011, a 29% Increase Over 3Q 2010

SALT LAKE CITY, UT--(Marketwire - Nov 7, 2011) - Nexia Holdings, Inc. (PINKSHEETS: NXHD), the parent company of Green Endeavors, Inc. (PINKSHEETS: GRNE) (OTCQB: GRNE), announced significant revenue growth from its salon operations for the third quarter of 2011 over third quarter results from 2010.

Revenues for both locations were $709,075 for the third quarter ended September 30, 2011, compared to total revenues of $548,340 for the comparable quarter in 2010. The $160,735 increase represents 29% growth over salon revenues for the third quarter of 2010. Revenue for the nine month period ended September 30, 2011 increased to $2,058,155 from $1,604,666 for the same period in 2010. The $453,489 increase in the nine month revenue represents a 28% increase over last year. These revenue numbers reflect the continuing success of our newest salon in the Marmalade area of Salt Lake City since its opening in October of 2010 and the ongoing results from our flagship salon in Liberty Heights.

Richard Surber, CEO of Nexia Holdings, Inc. (NXHD) and Green Endeavors, Inc. (GRNE), commented, "Our overall growth for this most recent quarter is reflecting the continued success of the Marmalade salon. We're on target to meet our expectations for overall sales numbers for the two operating salons."

About Green Endeavors, Inc.:

Green Endeavors, Inc. (PINKSHEETS: GRNE) (OTCQB: 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. 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 2010 and 2011. 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. Green Endeavors is a subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, Nexia is a diversified holdings company with operations in entertainment, health & beauty, and real estate. You can find out more at, Green Endeavors Facebook, and Landis Salons Facebook. More information can be found by visiting www.nexiaholdings.com, Nexia Holdings' Facebook, Multivu Link, or visit The Kane Files Facebook.

Contact Information

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