GRNE Reports First Quarter 2013 Total Revenue of $855,237; up 16.5% Over 2012
May 29 2013 - 8:30AM
Marketwired
Green Endeavors, Inc. (OTCQB: GRNE), a
majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS:
NXHD), announced first quarter estimates of revenue for 2013.
Green is reporting that the combined unaudited revenues for its
three locations were $855,237 for the first quarter of 2013; which
is an increase of $121,208 or 16.5% compared to the first quarter
of 2012. The Marmalade salon reported first quarter sales of
$229,089; a $22,653 or 11% increase from the comparable period of
2012. Our flagship Liberty Heights salon reported revenues in the
first quarter of 2013 of $578,626; a $49,956 or 9.5% increase over
the same period from 2012. The Landis Experience Center, located in
City Creek Center, reported first quarter revenues of $47,521 in
2013.
Richard D. Surber, CEO of GRNE, stated, "We are continuing our
efforts to set the stage for expansion. We expect to file our 2012
Form 10K and 1st quarter 2013 by no later than June 30 at which
point we will be current. Our plan is to raise sufficient capital
at that point to begin the process of opening our next location.
Our hiring and training efforts are on track for continued growth.
It appears that market conditions in general are much improved
compared to when we initially acquired our salon operations and
went public. Timing is everything in many cases and I believe we
will be positioned for substantial growth over the next 12
months."
About Green Endeavors, Inc.: Green
Endeavors, Inc. (OTCQB: 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. Our newest wholly
owned subsidiary Landis Experience Center, LLC.
http://www.avedaatcitycreek.com, sell 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 2012 and 2013. 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