SOURCE: Green Endeavors Inc.
SALT LAKE CITY, UT--(Marketwire - Jul 31, 2012) - Green Endeavors, Inc. (OTCQB: GRNE) (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced record June revenues.
Green Endeavors is reporting that the combined unaudited revenues for both Landis Lifestyle Salon locations were $252,280 for the month of June 2012; which is an increase of $20,770 or 9% compared to June 2011. The newer Marmalade salon reported June 2012 sales of $73,750; an $11,300 or 18% increase from the comparable month of 2011. Our flagship Liberty Heights salon reported revenues in June 2012 of $178,530; a $9,469 or 5.6% increase over June 2011.
Richard Surber, the CEO of Green Endeavors, said, "I am pleased that we continue to show month to month increases in revenue in both of our salons over last years' numbers. We continue our efforts to fully staff the Marmalade salon and to fully train the new artists in the Landis Lifestyle Salons art of guest service. I am looking forward to the opening of our Landis Experience Center in City Creek early in August; I believe that it will generate additional business for both of the operating salons."
Mr. Surber further commented, "I expect our first quarter Form 10Q to be filed shortly. We have encountered an accounting issue regarding the treatment of certain convertible instruments that are required to be treated as derivatives which we are in the process of resolving."
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. 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 2011 and 2012. 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.