
Landis Lifestyle Salon Revenues Hit $195,860 in October; Up 15% Over Comparable Period Last Year
SALT LAKE CITY, Nov. 8, 2010 /PRNewswire-FirstCall/ -- Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (Pink Sheets: NXHD), is proud to announce that its second Landis Lifestyle Salon is on track to hit its first year revenue goals.
Combined revenues for both locations were $195,860 for the month of October, which is an increase of $25,032 or 15% for the comparable period last year. Our new Marmalade location in its first month of operations has more than doubled the amount of revenue generated in comparison to our former Bountiful location in October 2009.
Richard D. Surber, CEO of GRNE pointed out, "In my view, the reason why the combined gross revenues are so impressive is because it is only the first full month of operations for our new Marmalade location. The revenues at Marmalade topped $42,478, while revenues were basically flat at the flagship location. My expectation was that the new location would significantly cut into sales of the flagship location for at least the first 6 months of operations because we moved a sizable portion of the staff to the new location, which is only a 10 minute drive away."
Mr. Surber continued, "Our staff is fired up going into the 2010 holiday season. We plan on ordering nearly 100% more product for this holiday season than last because of the new location, Aveda's amazing gift sets, a solid promotion plan, and a staff that is determined to meet our sales goals. I am very proud of the Landis Salon team. They are a force to be reckoned with when they stand behind a solid plan. Five years ago when I co-founded the Landis Lifestyle Salon concept, I never would have guessed how powerful our presence would become in the Salt Lake City market. Our staff has grown to 70 and may be as much as 300 in the State of Utah, if my plans unfold as I anticipate."
About Green Endeavors, Inc.
Green Endeavors, Inc. (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., 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 and have not 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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