Hello All,
Our new alert is GRNE – Green Endeavors, Inc.
Today we would like to focus our attention on a company and on an industry that has not recently been
discussed, to our surprise. While scanning through a list of companies we noticed one that showed
continued revenue progress in the past several quarters. Due to its continued operating success and
positive return on investment, we feel that GRNE provides a great investment opportunity for our short
term, as well as long-term traders.
GRNE owns and operates world-class Aveda salons under Landis Salons, Inc. GRNE’s salons, since open in
2005 in Salt Lake City, UT, have become the premier salons in the state, judging by the revenue
stream, products offered, and clients obtained.
GRNE is the number one Aveda lifestyle salon in the state and consistently outperforms other high end
boutique salons. Its staff consists of high quality stylists, aestheticians, and other professionals
that fit the needs of its varied and diverse clientele.
GRNE’s parent company is Nexia Holdings, Inc. (www.nexiaholdings.com). Nexia is a very diverse holding
company; which has added to its continual success, especially during the economies recent downturn.
Since 2005, Nexia has expanded to other diverse holdings in the health and beauty, and the
entertainment industries.
Nexia Holdings’ real estate division is currently expanding its assets, under Richard Surber’s
direction, utilizing its Real Estate Acquisition Strategy. Nexia’s real estate holdings are comprised
of commercial, residential, and undeveloped parcels of land. Currently, through its subsidiaries, we
hold two commercial properties, two residential properties and seven undeveloped parcels of land.
Nexia continues to work closely with its new officers of Wasatch Capital Corp. (one of Nexia’s
subsidiaries) to bring in additional real estate into the Nexia group of assets, through our Real
Estate Acquisition Strategy.
GRNE is currently expanding its operations, with the addition of more salons. GRNE’s vision is to open
at least two additional Aveda lifestyle salons in the greater Salt Lake area in 2010-2011. Due to
Landis Salons consistent increase in business as well as its ability to recruit and train highly
qualified staff, GRNE believes it has the winning formula to expand into multiple locations, yet still
maintain a local community feel. These actions by GRNE can create a much greater revenue stream in an
already successful salon company.
The salon industry is the fourth largest leisure industry in the United States. The salon industry, as
a whole, grosses about $72 billion per year. Currently there is a high demand for spa and beauty
professionals. GRNE’s salons ranked in the top 200 salons in the country and position it highly in the
industry to obtain a strong portion of the revenue stream.
Landis Lifestyle Salon Revenues Top $204,000 In November; Up 24% Over Comparable Month in 2009
GRNE is proud to announce that its salon operations have posted record revenues for November.
GRNE’s newest Landis Lifestyle Salon location generated $42,478 in gross sales in October, its first
full month of operations. In the month of November GRNE’s newest location posted service and product
sales of $46,777 and gift card sales of $3,620 which roughly equates to a 20% increase in sales over
October.
Combined revenues (inclusive of gift card sales) for both locations were $204,422 in November 2010,
compared to $164,529 for the comparable period in 2009. The $40,000 increase represents a 24% climb
over the comparable month in 2009. Richard Surber, CEO, noted that, “Our newest location's sales in
November 2010 were over 300% more than the non-performing Bountiful location that we closed. We are
setting the stage for record sales in 2011 that I hope will be jump started by strong holiday sales.”
Richard Surber, CEO, of GRNE pointed out that, “Our flagship locations sales were up 3% over the prior
comparable month in November, even though a good portion of our staff moved over to the new location.
I am even more excited about the fact that many of our new hires will be ready for the floor starting
December 1 and January 1. We have spent the last few months educating our new hires which should
further increase our sales throughout 2011.”
GRNE has been showing us significant strengthening at current support points. Its current price of
0.015 is a great level for entry before another continued appreciation occurs. Just recently GRNE saw
big move in only a couple of days. Since then GRNE has consolidated perfectly while holding all key
support levels. Now GRNE is setting itself up for a continued move higher & a test of the recent
highs of 0.03 which would make it a potential +100% winner from current levels.
This presents an increased opportunity for investors to witness strong gains once more considering the
continuous improvements in revenue trends that GRNE has been experiencing.
To read more about GRNE please visit their website, http://www.green-endeavors.com
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