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:
Nexia Holdings, Inc.
801-575-8073 x 106