Green Endeavors, Inc. Renews Acquisition Discussions
(firmenpresse) - SALT LAKE CITY, UT -- (Marketwired) -- 01/29/15 -- (OTC PINK: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTC PINK: NXHD), announced that it has rekindled discussions with a multi-location operator of salons that sell Aveda™ product and adhere to Aveda™ operating guidelines. Aveda™ is a subsidiary of Estee Lauder, a publicly traded company on the NYSE under the symbol EL.
Richard Surber, CEO, stated, "I am reaching out to other salon owners that operate under the Aveda™ guidelines. My most recent conversation was with the operator of a company that does about $3.5M in gross revenues, which is roughly what we did in annual revenues in 2013. I am disclosing my efforts at this time to reiterate that the entire financial picture of GRNE can improve several-fold with the stroke of a pen. It seems that the probability for growth through acquisition of high end salons is drastically improved."
Mr. Surber continued, "The entire outlook of the financial markets appears to have greatly improved over the last 12 months. Capital is more readily available for growth and deals. The landscape and psyche in the financial markets has done a 180 since bringing our concept public."
Mr. Surber further noted, "I'm unaware of any high-end or even middle market salon companies that are publicly traded. Regis Corporation is the only publicly traded salon company that comes to my mind and they cater to lower priced guests. A roll up strategy for the high-end salon market is ripe; I would encourage my shareholders to consider this fact."
Green Endeavors, Inc. (OTC PINK: 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. Our newest wholly owned subsidiary Landis Experience Center LLC. , sell a full array of Aveda products. For more information, visit . GRNE strongly encourages the public to read the above information in conjunction with its filings and disclosures filed in 2012 and 2013. 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: 29.01.2015 - 13:00 Uhr
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News-ID 367790
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