Salon Revenues Top $1,056,000 for Six Months Ended June 30, 2010; Up 5.4% Over the Comparable Period in 2009
July 22 2010 - 11:30AM
Marketwired
Green Endeavors, Ltd. (PINKSHEETS: GRNE), a
majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS:
NXHD), announced that its salon operations estimated net revenues
for the three and six months ended June 30, 2010 were $548,120 and
$1,056,281, respectively for the salon entities which include
Landis Salons, Inc. and Newby Salons, LLC. These numbers compared
to net revenues of $518,404 and $1,002,345 for the three and six
months ended June 30, 2009 reflect an increase of 5.7% or $29,716
and 5.4% or $53,936 respectively for the comparable periods in
2010.
Richard Surber, CEO of NXHD and GRNE, stated, "I continue to be
encouraged by our consistent growth in revenues. We are stepping up
our hiring efforts in anticipation of our new location opening in
fall of 2010 in the Marmalade district of Salt Lake City. The
development of a second Aveda™ Lifestyle Salon is expected to be
the catalyst for substantial growth over the coming years. My
personal goal is to grow Landis Salons into a high end national
salon company. The strategy will be three fold: build corporate
owned locations, acquire existing locations, and franchise."
About Nexia Holdings, Inc.
Nexia Holdings, Inc. is holding company with operations in the
beauty, real estate and film industries. Nexia owns voting control
of Green Endeavors, Ltd. (PINKSHEETS: GRNE), headquartered in Salt
Lake City, Utah. Landis Salons, Inc., http://www.landissalons.com,
hair salons built around the world-class AVEDA™ product line, is a
wholly-owned subsidiary of GRNE. For more information, visit
http://www.green-endeavors.com.
Nexia strongly encourages the public to read the above
information in conjunction with its filings and disclosures filed
in 2009 and 2010. Nexia's disclosures can be viewed at
www.nexiaholdings.com and www.pinksheets.com. GRNE's disclosures
can be viewed at www.sec.gov or on its website at
www.green-endeavors.com.
This press release reports information gathered on a preliminary
basis for select points in time. The numbers are not audited, have
not been reviewed by an independent accountant and are subject to
change and further review as more information is gathered. This
press release also contains forward-looking statements. There are
no assurances that such assumptions will prove correct with regard
to potential additional location. The actual results that Nexia or
GRNE may achieve could differ materially from any forward-looking
statements due to such risks and uncertainties. Investors should
not invest more than they can afford to lose in penny stocks.
FOR MORE INFORMATION, CONTACT: Richard Surber President
Nexia Holdings, Inc. 801-575-8073 x 106 Email Contact