SOURCE: Green Endeavors Inc.

Green Endeavors Inc.

December 04, 2012 08:00 ET

GRNE Reports Revenue of $783,306 for Third Quarter 2012; Up 10.5% Over 2011

SALT LAKE CITY, UT--(Marketwire - Dec 4, 2012) - Green Endeavors, Inc. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced revenue results for the third quarter of 2012.

Green Endeavors is reporting that the combined unaudited revenues for both Landis Lifestyle Salon locations and its newly opened Landis Experience Center were $783,306 for the third quarter of 2012; which is an increase of 10.5% compared to the third quarter of 2011. The newer Marmalade salon reported third quarter 2012 sales of $214,304, a 11.5% jump from 2011 sales. Our flagship Liberty Heights salon reported revenues in the third quarter of 2012 of $542,749, a 5.1% increase over the third quarter of 2011. The Aveda™ Experience Center, which opened mid-August 2012 at the City Creek Center, reported revenues of $26,253 through September 30, 2012.

CEO of GRNE, Richard Surber, observed, "Sales at our salons continue to move in the right direction and there is still much room for growth at both salons. Sales at our newest Aveda™ retail store in City Creek have been disappointing so far. City Creek Center is still very new and my hope is that its popularity improves in the coming months." 

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. For more information, visit http://www.green-endeavors.com. The numbers are not audited and have not 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 2011 and 2012. 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