GRNE Enters Into Agreement to Satisfy Convertible Note Holder
October 11 2013 - 10:58AM
Marketwired
GRNE Enters Into Agreement to Satisfy Convertible Note Holder
SALT LAKE CITY, UT--(Marketwired - Oct 11, 2013) - Green
Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia
Holdings, Inc. (PINKSHEETS: NXHD), announced today that it has
entered into an agreement that satisfies all remaining convertible
notes held by Asher Enterprises, Inc.
CEO of Green Endeavors, Richard Surber, stated, "GRNE entered
into a series of financings which totaled over
$220,000. Today, I am happy to confirm that we will be wiring
out a cash payment that satisfies the outstanding balance in
full. The cash satisfaction of these notes will result in the
derivative liability and the underlying liability being removed
from our balance sheet. Active shareholders will be happy to
know that the last conversion of debt into shares occurred last
week and no further discounted shares will be coming into the
market pursuant to Asher's convertible notes."
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