GRNE Reports Salon Revenue of $227,878 in February 2012; Up 8% Over February 2011
March 13 2012 - 4:05PM
Marketwired
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.
FOR MORE INFORMATION, CONTACT: Richard Surber President
Green Endeavors, Inc. 801-575-8073 x 106 Email Contact