DTCC Deposit Chill of GRNE Lifted
June 26 2013 - 1:21PM
Marketwired
Green Endeavors, Inc. (PINKSHEETS: GRNE), a
majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS:
NXHD), announced that it has received a letter from the Depository
Trust Company (DTCC) informing Green that as of June 6, 2013 the
DTCC has "...determined to lift the Deposit Chill and has resumed
accepting deposits of the Issue for depository and book-entry
transfer services."
CEO, Richard Surber, explained, "GRNE's outside counsel and DTCC
reviewed the issuance of all of common stock that had been issued
over the last 5 years and a determination was made that all
securities were properly issued under various securities laws. The
review process was time consuming and expensive. However, now that
we have resolved the DTCC issue we will be able to bring more focus
to growing the underlying business. It is my belief that the chill
depressed the share price as a result of 'chilling' the tradability
of GRNE's common stock. The removal of the chill is a very positive
development in moving GRNE forward."
About Green Endeavors, Inc.: Green
Endeavors, Inc. (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. Our wholly
owned subsidiary, Landis Experience Center, LLC,
http://www.avedaatcitycreek.com, sells 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