My new big pick is GRNE
Green Endeavors, Inc. (OTCQB: GRNE)
Put GRNE on your watch list immediately! This one has been flying under the radar.
GRNE has been trending higher over the last few days under the radar of most investors, but it looks like it could all change with their latest news release!
Last week the company reported that its sales revenue has increased more than 10% to $2.25 million last year, thus making its current market valuation at discounted levels underpriced.
Since their recent announcement traders have begun to accumulate positions and have been holding - a very good sign for current and potential shareholders.
Green Endeavors, Inc. (GRNE)
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. 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, they 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 their 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'ssalons 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 reported its newest location posted service and product sales of $46,777 and gift card sales of $3,620which 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."
You must take serious look at GRNE! I believe GRNE is truly undervalued and will not be at these levels for much longer.
WE ARE ISSUING A STRONG ALERT TO ALL OF OURMEMBERS ON GRNE
As always do your own research, book profits when you are in a position to do so, and always trade with stop loss orders to protect yourself if the trade goes against us.
The OTCtipReporter.com Team
DONT MISS ANOTHER HOT OPPORTUNITY TO MAKE HUGE PROFITS!
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