SALT LAKE CITY, UT--(Marketwire - June 24, 2010) - Green Endeavors, Ltd. (
Richard Surber, CEO of GRNE, explained, "I would describe a Form 10 as the shareholders' owner manual. The filing will provide more financial transparency and more ease in raising capital. Upon the Form 10 clearing comments with SEC, we will take steps to up list to the OTCQX and OTCBB. Our ultimate long term goal would be to obtain a listing on the NASDAQ Small cap upon meeting the net worth, earnings, and stock price requirements."
Mr. Surber continued, "Becoming a fully reporting company is a very big first step towards growing our salon operations in a more expedient pace. It is my belief that GRNE will be able to more efficiently raise capital for its expansion needs. In addition, being able to offer stock option and other equity based incentives is an essential tool in recruiting top notch talent. Raising capital and hiring great management will be key to future growth and build value."
About Green Endeavors, Ltd.
Green Endeavors, Ltd. (
GRNE strongly encourages the public to read the above information in conjunction with its filings and disclosures filed in 2009 and 2010. GRNE's disclosures can be viewed at www.pinksheets.com; prior years are also available at www.green-endeavors.com.
Contact Information:
FOR MORE INFORMATION, CONTACT:
Richard Surber
President
Green Endeavors, Ltd.
801-575-8073 x 106