GRNE Files Form 10Q for March 31 16: Revenues of $791,508, up 13%
May 23 2016 - 8:30AM
InvestorsHub NewsWire
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GRNE Files Form 10Q for March 31 16: Revenues of $791,508, up
13%
Salt Lake City, UT -- May 23, 2016 -- InvestorsHub NewsWire --
Green Endeavors, Inc. (OTC:
GRNE) recently filed its financial statements on Form 10Q for
the period ended March 31, 2016. GRNE reported $791,508 in gross
revenues compared to $701,756 for the same period in 2015, a 13%
improvement. GRNEs operating loss narrowed to $4,675 versus
$203,113 for the comparable quarter in 2015. Our net loss decreased
in the first quarter by more than 61% from $277,796 to
$107,739.
Richard Surber, CEO, commented All three of our current
locations are showing operational improvements that are expected to
accelerate as the year progresses. Our focus remains on increasing
the number and quality of our service providers. Our staffing
efforts are beginning to have a significant impact on our business.
Service revenues increased from $504,517 in Q1 2015 to $600,254 in
2016, nearly a 20% increase. Our Aveda Experience Center has begun
performing limited services in 2016 which will further improve the
financial viability of our only mall location. I am pleased with
the progress so far in 2016.
About Green Endeavors, Inc.:
Green Endeavors, Inc. (OTC:
GRNE), headquartered in Salt Lake City, Utah, is a holding
company with operations in health & beauty. GRNE is a majority
owned company of Sack Lunch Productions, Inc. (OTC:SAKL).
GRNEs wholly owned subsidiaries, Landis Salons, Inc., Landis Salons
II, Inc., and Landis Experience Center LLC, http://www.landissalon.com; operate hair salons built
around the world-class AVEDA product line. For more information,
visit http://www.green-endeavors.com. The numbers are
not audited but have been reviewed by an independent accountant.
GRNE strongly encourages the public to read the above information
in conjunction with its filings and disclosures filed in 2016 and
2015. 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.
PRESS RELEASE:
FOR MORE INFORMATION, CONTACT:
Richard Surber, President
Green Endeavors, Inc.
801-575-8073 x 106
hudconsult@aol.com
Sack Lunch Productions (PK) (USOTC:SAKL)
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