GRNE Reports Salon Revenues Top $2.8 Million in 2011
(firmenpresse) - SALT LAKE CITY, UT -- (Marketwire) -- 01/19/12 -- (OTCQB: GRNE) (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announces revenue figures for year end December 31, 2011.
Combined unaudited revenues for both salon locations were $2,820,870 for the year end December 31, 2011; which is an increase of $658,400 or 30% from the comparable year end of 2010. Our Marmalade location reported year end sales for 2011 of $753,238; a $598,080 increase over the year end of 2010 which reported only three full months of operations. Our Liberty Heights (flagship) location also is reporting revenue growth with year end 2011 sales of $2,067,633; a $60,321 or 3% increase compared to year end revenues for 2010.
Richard D. Surber, CEO of GRNE, stated, "I am pleased to report that our preliminary estimates of revenue show the great progress that has been realized by our newest salon over its 15 months of operation. Our flagship salon has continued to grow despite economic struggles and relocating many of its stylists to the new Marmalade salon."
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., , operate hair salons built around the world-class AVEDA™ product line. For more information, visit .
This press release reports information gathered on a preliminary basis for select points in time. 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 2010 and 2011. GRNE's disclosures can be viewed at and . Investors should not invest more than they can afford to lose in penny stocks.
Richard Surber
President
Green Endeavors, Inc.
801-575-8073 x 106
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Datum: 19.01.2012 - 13:30 Uhr
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