GRNE Enters Into Agreement to Satisfy Convertible Note Holder
October 11, 2013 - Salt Lake City, UT
Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced today that it has entered into an agreement that satisfies all remaining convertible notes held by Asher Enterprises, Inc.
CEO of Green Endeavors, Richard Surber, stated, "GRNE entered into a series of financings which totaled over $220,000. Today, I am happy to confirm that we will be wiring out a cash payment that satisfies the outstanding balance in full. The cash satisfaction of these notes will result in the derivative liability and the underlying liability being removed from our balance sheet. Active shareholders will be happy to know that the last conversion of debt into shares occurred last week and no further discounted shares will be coming into the market pursuant to Asher's convertible notes."
About Green Endeavors, Inc.:
Green Endeavors, Inc. (OTCQB: GRNE), headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE's wholly owned subsidiaries, Landis Salons, Inc. and Landis Salons II, Inc. http://www.landissalons.com, operate hair salons built around the world-class AVEDA product line. Our newest wholly owned subsidiary Landis Experience Center, LLC. http://www.avedaatcitycreek.com, sell a full array of Aveda products. For more information, visit http://www.green-endeavors.com. GRNE strongly encourages the public to read the above information in conjunction with its filings and disclosures filed in 2012 and 2013. 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.
FOR MORE INFORMATION, CONTACT:
Green Endeavors, Inc.
801-575-8073 x 106