GRNE Reports Revenues of $2.65M and $878K for the
Post# of 99138
Posted On: 10/14/2013 7:40:16 AM
GRNE Reports Revenues of $2.65M and $878K for the Nine and Three Months Ended September 30, 2013
Salt Lake Cit, UT - Marketwired - October 14, 2013 - Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announces revenue results for the three and nine months ended September 30, 2013.
During the nine and three month periods ending September 30, 2013 GRNE's net sales were $2,654,001 and $878,433, respectively, compared to $2,274,353 and $783,306 for the comparable periods in 2012. Net sales increased by $379,649 or 16.7% for nine months ended September 30, 2013 and increased by $95,127 or 12.1% for the three months ended September 30, 2013, as compared to the same periods in 2012.
Richard Surber, CEO of GRNE, pointed out, "We are showing double digit gains for the periods discussed, which is no easy feat. What's more exciting is that we have the capacity to substantially increase same store sales even as we look forward to opening additional locations. It should be clear to anyone that has been following GRNE that we are building a strong company. We will continue to strengthen financial position by eliminating liabilities and growing revenues."
Mr. Surber continued, "We have overcome many obstacles that caused many OTC issuers to fold. GRNE is a stronger organization as result of weathering the storm. Eliminating unfavorable financing arrangements like the convertible notes discussed in our last press release is another big step towards accelerating growth as we look forward."
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