GRNE Posts Revenues of $709,075 for 3Q of 2011, a 29% Increase Over 3Q 2010
November 07, 2011 08:00 ET
GRNE Posts Revenues of $709,075 for 3Q of 2011, a 29% Increase Over 3Q 2010
SALT LAKE CITY, UT--(Marketwire - Nov 7, 2011) - Nexia Holdings, Inc. (
Revenues for both locations were $709,075 for the third quarter ended September 30, 2011, compared to total revenues of $548,340 for the comparable quarter in 2010. The $160,735 increase represents 29% growth over salon revenues for the third quarter of 2010. Revenue for the nine month period ended September 30, 2011 increased to $2,058,155 from $1,604,666 for the same period in 2010. The $453,489 increase in the nine month revenue represents a 28% increase over last year. These revenue numbers reflect the continuing success of our newest salon in the Marmalade area of Salt Lake City since its opening in October of 2010 and the ongoing results from our flagship salon in Liberty Heights.
Richard Surber, CEO of Nexia Holdings, Inc. (NXHD) and Green Endeavors, Inc. (GRNE), commented, "Our overall growth for this most recent quarter is reflecting the continued success of the Marmalade salon. We're on target to meet our expectations for overall sales numbers for the two operating salons."
About Green Endeavors, Inc.:
Green Endeavors, Inc. (
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 [ www.sec.gov ] and [ www.otcmarkets.com ]. Investors should not invest more than they can afford to lose in penny stocks. Green Endeavors is a subsidiary of Nexia Holdings, Inc. (