SALT LAKE CITY, UT — (Marketwire) — 07/21/11 — Green Endeavors, Inc. (OTCQB: GRNE) (PINKSHEETS: GRNE), a majority-owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced that its salon operations posted revenues of $231,108 for June of 2011, a 28% increase over the same month in 2010.
Combined total revenues for both locations were $231,108 in June 2011, compared to total revenues of $180,282 for the comparable month in 2010. The $50,826 increase represents 28% growth over salon revenues for June of 2010. This increase in revenue numbers reflect a slight gain at its flagship salon in Liberty Heights for June 2011 and continued momentum at our newest salon in the Marmalade district in Salt Lake City.
Richard Surber, CEO of Nexia Holdings, Inc. (NXHD) and Green Endeavors, Inc. (GRNE), commented, “My expectation is that we will continue to see substantial revenues gains as we continue to staff up our new location. It is my belief that we are about 30% to 40% understaffed at this time because of the lead time it takes to get qualified staff on the floor. In addition, I would expect that many of our stylists will be able to increase their prices based upon their improved skill set. Additional staff and higher price points will equate to better margins and further increases in revenues.”
Green Endeavors, Inc. (OTCQB: 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., , are hair salons built around the world-class AVEDA product line. For more information, visit .
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. Green Endeavors is a subsidiary of Nexia Holdings, Inc., headquartered in Salt Lake City, Utah. Nexia is a diversified holdings company with operations in entertainment, health & beauty, and real estate. You can find out more at Green Endeavors Facebook and Landis Salons Facebook, More information can be found by visiting , Nexia Holdings– Facebook, Multivu Link, or visit The Kane Files Facebook.
Richard Surber
President
Green Endeavors, Inc.
801-575-8073 x 106