GRNE Reports Salon Revenues Top $2.8 Million in 2011
January 19 2012 - 8:30AM
Marketwired
Green Endeavors, Inc. (OTCQB: GRNE)
(PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings,
Inc. (PINKSHEETS: NXHD), announces revenue figures for year end
December 31, 2011.
Combined unaudited revenues for both salon locations were
$2,820,870 for the year end December 31, 2011; which is an increase
of $658,400 or 30% from the comparable year end of 2010. Our
Marmalade location reported year end sales for 2011 of $753,238; a
$598,080 increase over the year end of 2010 which reported only
three full months of operations. Our Liberty Heights (flagship)
location also is reporting revenue growth with year end 2011 sales
of $2,067,633; a $60,321 or 3% increase compared to year end
revenues for 2010.
Richard D. Surber, CEO of GRNE, stated, "I am pleased to report
that our preliminary estimates of revenue show the great progress
that has been realized by our newest salon over its 15 months of
operation. Our flagship salon has continued to grow despite
economic struggles and relocating many of its stylists to the new
Marmalade salon."
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.
This press release reports information gathered on a preliminary
basis for select points in time. 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