SOURCE: Green Endeavors, Inc.

Green Endeavors, Inc.

December 08, 2015 10:23 ET

GRNE Settles Convertible Note Holder

SALT LAKE CITY, UT--(Marketwired - Dec 8, 2015) - Green Endeavors, Inc. (OTC PINK: GRNE), announces that it has settled all outstanding convertible notes with KBM Worldwide, Inc. for a cash payment of $20,486.

CEO of Green Endeavors, Richard Surber, stated, "GRNE entered into an agreement for a financing that totaled $64,000. Today, I am happy to confirm that we wired out a cash payment that satisfies the outstanding balance in full. The cash satisfaction of the note will result in the derivative liability and the underlying liability being removed from our balance sheet. Active shareholders will be happy to know that the last conversion of debt into shares occurred over a week ago and no further discounted shares will be coming into the market pursuant to KBM convertible note."

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's wholly owned subsidiaries, Landis Salons, Inc. and Landis Salons II, Inc. http://www.landissalon.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, sells 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 2014 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