Nexia Holdings, Inc. (NEXA.OB) Acquires Green Endeavors and Projects Large Revenues
Nexia Holdings announced this morning that it has closed the acquisition of 90% of Green Endeavors, Inc's (GRNE.OB) issued and outstanding stock from AmeriResource Technologies (AMRE.OB), in exchange for 150,000 restricted shares of its Series C Preferred Stock, which has a stated value of $5.00 a share. The Company plans to introduce its Landis Lifestyle Salon operations to the new majority-owned subsidiary. President of Nexia Holdings, Inc., Richard Surber, stated, “The acquisition of GRNE is a winning situation for all parties. Existing shareholders of Nexia stand to gain a stock dividend in GRNE directly, which not only immediately adds to…