SOURCE: Green Endeavors, Inc.
SALT LAKE CITY, UT--(Marketwire - Aug 21, 2012) - Green Endeavors, Inc. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced continued revenue growth in the month of July.
Green Endeavors is reporting that the combined unaudited revenues for both Landis Lifestyle Salon locations were $241,724 for the month of July 2012; which is an increase of 4.2% compared to July 2011. The newer Marmalade salon reported July 2012 sales of $68,624. Our flagship Liberty Heights salon reported revenues in July 2012 of $173,100.
CEO of GRNE, Richard Surber, noted, "July is typically a slower month for our salons. However, I am still happy with our results. We have been gearing up for back to school and the holidays. I expect revenue growth to continue for the duration of the year based upon the opening of our new Aveda™ at City Creek location. We plan to continue our efforts to increase our staffing levels. As a result of increased products costs, we have also raised prices on color services which should help both our top and bottom line."
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. 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.