Green Endeavors Files Third Quarter Form 10-Q Financials; Revenues Top $1.6M for 9 Months Ended 9/30/10
SALT LAKE CITY, Nov. 2, 2010 /PRNewswire-FirstCall/ -- Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (Pink Sheets: NXHD), filed its third quarter financial statements on Form 10-Q with Securities and Exchange Commission ahead of schedule.
Richard Surber, CEO of GRNE, stated, "GRNE has had a productive 9 months and it looks like it's only going to get better. Revenues for the nine months ended September 30, 2010 were $1,604,666 compared to $1,527,142 for the same period in 2009, up 5%."
Some additional highlights over the year include:
- Completed the construction of our second Aveda™ Lifestyle Salon
- Opened the second location to the public for business in the last week of September
- GRNE became fully reporting and cleared SEC comments on its Form 10
- Upgraded status on Pinksheets to OTCQB
- Hired over 23 new stylists
- Retained new CFO on a full time basis
- Raised significant capital to fund expansion plans
The foundation is being laid to replicate the Landis Lifestyle Salon model. The construction of our second location went very smoothly. The keys to successfully moving forward are varied, but the pillars to success at this stage in our development are: 1) sufficient expansion capital, 2) proper site demographics, 3) creating a culture that aspires to excellent guest service, 4) stylists that value continued education, and 5) adherence to all of the Aveda™ operating guidelines. Aveda™ is owned by Estee Lauder which is the most successful cosmetics company in the world. Following Aveda's example is what our organization will strive for as we grow.
About Green Endeavors, Inc.
Green Endeavors, Inc. (Pink Sheets: GRNE), headquartered in Salt Lake City, Utah, is a holdings company with operations in health & beauty. GRNE's wholly owned subsidiaries, Landis Salons, Inc., and Landis Salons II, Inc., http://www.landissalons.com, are hair salons built around the world-class AVEDA™ product line. 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 2009 and 2010. GRNE's disclosures can be viewed at www.sec.gov and www.pinksheets.com.
This press release reports information gathered on a preliminary basis for select points in time. The numbers are not audited, but have been reviewed by an independent accountant. This press release also contains forward-looking statements. There are no assurances that such assumptions will prove correct with regard to potential additional locations. The actual results that 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.
CONTACT: |
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Richard Surber, President |
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Green Endeavors, Inc. |
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801-575-8073 x 106 |
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SOURCE Green Endeavors, Inc.
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