GRNE Reports First Quarter 2012 Salon Revenue of $735,106; Up 13.6% Over Last Year
April 09 2012 - 9:25AM
Marketwired
Green Endeavors, Inc. (OTCQB: GRNE)
(PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings,
Inc. (PINKSHEETS: NXHD), is pleased to announced substantial
revenue growth for the first quarter of 2012.
Green is reporting that the combined unaudited revenues for both
Landis Lifestyle Salon locations were $735,106 for the first
quarter of 2012; which is an increase of $88,244 or 13.6% compared
to the first quarter of 2011. The newer Marmalade salon reported
2012 first quarter sales of $206,436; a $30,123 or 17% increase
from the comparable period of 2011. Our flagship Liberty Heights
salon reported revenues in the first quarter of 2012 of $528,670; a
$58,120 or 12.4% increase over the same period from 2011.
Richard D. Surber, CEO of GRNE, stated, "Based upon the first
quarter results we are on track for a record year at our salons. My
staff is vigorously stepping up their efforts to hire and train
additional staff. The training and hiring efforts will further
increase our capacity to service additional guests and will set the
stage for our next salon location."
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