SOURCE: Green Endeavors, Inc.

Green Endeavors, Inc.

March 13, 2012 16:05 ET

GRNE Reports Salon Revenue of $227,878 in February 2012; Up 8% Over February 2011

SALT LAKE CITY, UT--(Marketwire - Mar 13, 2012) - Green Endeavors, Inc. (OTCQB: GRNE) (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced continued revenue growth in the month of February.

Green is reporting that the combined unaudited revenues for both locations were $227,878 for the month of February 2012; which is an increase of $17,493 or 8.3% compared to February 2011. The newer Marmalade salon reported February 2012 sales of $61,696; a $7,054 or 12.9% increase from the comparable month of 2011. Our flagship Liberty Heights salon reported revenues in February 2012 of $166,182; a $10,439 or 6.7% increase over February 2011.

Richard D. Surber, CEO of GRNE, stated, "I am pleased with our February results. Our revenues continue to trend higher. My team is going to focus on hiring efforts to further increase our capacity over the coming months. In addition, I will be ramping up our marketing efforts in conjunction with our efforts to further focus on providing the best guest services possible. I expect our revenues to continue to increase throughout 2012 and beyond. I would like to note that our flagship location on a standalone basis has net income of about 15% and our newest location is projected to be profitable this year."

About Green Endeavors, Inc.

Green Endeavors, Inc. (OTCQB: GRNE) (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 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.

Contact Information

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