GRNE Reports $860,000 Increase in Shareholders' Equity During First Half of 2014
SALT LAKE CITY, UT--(Marketwired - Jun 11, 2014) - Green Endeavors, Inc. (
GRNE has been working to improve its working capital position and stockholders' equity through the reduction of debt and convertible debt instruments into equity in the company during the first and second quarters of 2014. Significant reductions of convertible debt instruments during the first half of 2014 increased stockholders' equity by approximately $860,000 and the working capital position of the Company has improved by approximately $205,000. The debt reduction decreased total liabilities by an estimated $860,000. This follows the report of net income of $51,136 for the year ended December 31, 2013. For the year ended December 31, 2013 GRNE reported revenues of $3,566,027.
Richard Surber, President and CEO of Green Endeavors, Inc., commented, "We continue to make significant strides in improving the financial health of the Company. However, I am even more excited to announce that I have hired two fantastic managers that I am confident will produce significant results over the next 12 months. I expect them to be fully trained in the next few months. In the history of our organization, I have not had more capable managers. Their expertise will allow me the bandwidth to focus on my expansion plans and public company operations."
About Green Endeavors, Inc.:
Green Endeavors, Inc. (
FOR MORE INFORMATION, CONTACT:
Richard Surber
President
Green Endeavors, Inc.
801-575-8073 x 106
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