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SALT LAKE CITY, UT -- (MARKET WIRE) -- 04/20/10 -- Green Endeavors, Ltd. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced that its Landis Salon subsidiary has signed a letter of intent for a third Landis Salon location. The third location will be approximately 3,000 sq. ft. The new location will be on the corner of 600 North 300 West in Salt Lake City, Utah.
The area is known as the Marmalade District. The location was chosen for a host of reasons including, but not limited to the following:
* An estimated 90,000 cars pass by the location daily.
* The location is a block from access points to Interstate 15.
* The salon location will be on a corner with high visibility like Landis' flagship Salon with UV windows that allow potential clients to see directly into the building.
* Plentiful and convenient parking.
* The space is new construction and will be energy efficient.
* The landlord is the owner of Howa Construction, a first class builder that is committed to building out a spectacular salon space and attracting first class co-tenants.
* Management believes that there is a pent up need for services in the Marmalade District.
* Management believes it can readily staff the location with the support of the Aveda Institute in Provo.
* One of our current lead stylists lives in the neighborhood and plans on moving her client base and doing grass roots marketing for the new salon.
* The Marmalade District/Capitol Hill has one of the highest average incomes per household in Salt Lake City, based upon reported incomes a few blocks east of the location.
* Management anticipates that the salon will receive support from the surrounding neighborhood and local government.
Posts: 195 | From: Florida | Registered: Feb 2010
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Contact GRNE www.green-endeavors.com Address: 59 West 100 South 2nd Floor Salt Lake city, UT 84101 United States - Map Phone:801-575-8073 Fax: 801-575-8092
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Landis http://landissalons.net is an independently operated salon that exclusively sells and uses AVEDA(TM) products. According to Aveda.com, 89 of America's top 200 fastest-growing salons/spas are part of the growing Aveda network. Their intention is to use the new public vehicle (GRNE) to roll up additional salons that sell AVEDA(TM) products and potentially other environmentally conscious health and beauty companies.
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GRNE's Salon Revenues Top $508,000 for First Quarter 2010; Up 5% Above Comparable Period of 2009
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Green Endeavors, Ltd. (PINKSHEETS: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced that its salon operations estimated net revenues for the quarter ended March 31, 2010 were $508,365 for the salon entities which includes Landis Salons, Inc. and Newby Salons, LLC. This number, as compared to net revenues of $484,031 for the first quarter of 2009, reflects an increase of 5% or $24,334
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Richard Surber, CEO of GRNE noted, "Sales were up at both locations. In addition, the number of products sold, as well as the number of services, increased. The fact that both sales and services were up at both locations is very encouraging. Throughout most of 2009 our salons increased the number of service sales, but our product sales were down. I believe the increase in product sales in 2010 is a positive indication of better sales to come."
Mr. Surber continued, "I encourage all interested parties to review our financials posted with Pinksheets for a more thorough financial picture of GRNE. Please note that GRNE's reporting status was upgraded from limited information to current information. It is GRNE's intentions to maintain its current information status well into the future and to post audited financials in the near future."
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Green Endeavors, Ltd. (PINKSHEETS: GRNE), headquartered in Salt Lake City, Utah, is a holdings company with operations in health & beauty. GRNE owns a majority interest in Landis Salons, Inc., http://www.landissalons.com, hair salons built around the world-class AVEDA™ product line. For more information, visit http://www.green-endeavors.com.Posts: 364 | Registered: Mar 2010
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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.green-endeavors.com and www.pinksheets.com.
This press release reports information gathered on a preliminary basis for select points in time. The numbers are not audited, have not been reviewed by an independent accountant and are subject to change and further review as more information is gathered. This press release also contains forward-looking statements. There are no assurances that such assumptions will prove correct with regard to potential additional location. 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.
FOR MORE INFORMATION, CONTACT: Richard Surber, President Green Endeavors, Ltd. 801-575-8073 x 106 Email Contact
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SALT LAKE CITY, April 4, 2011 /PRNewswire via COMTEX/ -- Richard Surber, CEO of Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTC PINK: NXHD) issued the following statement: Dear Shareholders:
The purpose of this letter is to set forth my intermediate and long term plans to grow our premier brand, Landis Lifestyle Salons, built around the world class Aveda(TM) products. I have spent the last 5 years painstakingly developing our salon businesses with the substantial help of a talented and hard working staff. GRNE is now the owner of two of the top producing salons in the state of Utah. Today, thanks to the efforts of Logan C. Fast (Aveda Purfessional, Lead Educator, Vice President and Director of GRNE), Landis Salons are well known for its vigorous education program designed to produce the best stylists. Highly skilled stylists directly translate into the best guest services. Outstanding service by our small army of over 70 talented individuals is the engine that is driving our financial growth.
We are once again on the march to retain additional talent, namely stylists, in anticipation of opening additional locations. I have surveyed what will most likely be our third location in, Draper, Utah. I have obtained the initial architectural plans for the 2,500 sq. ft. location which may have between 12 to 14 cutting stations. I am in the initial stages of negotiating a long-term lease. I would expect this process to move very quickly once we raise the necessary capital to ensure a successful launch. I am reaching out to long term investors in an effort to obtain what I hope will be $1.5M in equity and debt financing within the next 12 months. This sum would be sufficient to successfully launch our Draper location and a fourth location. The intent is to purchase the underlying real estate for the fourth location based upon certain financing requirements.
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