Health & Beauty Industry Forecasted To Generate Over
$60 Billion In Revenue By Year's End In U.S. Alone; Company Issues
10Q with Increased Revenue Results
Coral Springs, FL (August 9, 2016) -The beauty industry's
potential to continue to remain profitable as consumers spend
millions for health and beauty products, salon experiences and
other industry related services and products The
revenue of the U.S. cosmetic industry alone is estimated to amount
to about 62.46 billion U.S. dollars in
2016.
Green Endeavors, Inc. (OTC: GRNED), a majority owned subsidiary
of Sack Lunch Productions, Inc. (SAKL) has filed its Form 10Q for
the period ended June 30, 2016, reporting substantial improvements
to revenues, operating income and net income. Revenues for
the three and six months ended June 30, 2016, were $864,747 and
$1,656,255 respectively, compared to $758,392 and $1,460,148 for
the same periods in 2015; a 14% and 13.4% improvement.
Net losses for the three and six months ended June 30, 2016, were
$15,078 and $122,817, respectively compared to $354,725 and
$632,524 for the same periods in 2015; a 96% and 81%
improvement.
Read the full Green Endeavors (GRNED) Press Release at: http://financialnewsmedia.com/profiles/grne.html
Richard D. Surber, CEO of GRNE, commented We saw improvements at
nearly all levels of our operations. Each location saw
improvements in net income and/or growth in top line revenues over
the comparable periods in 2015. Our goal for the remainder of
2016 is to continue hiring stylists to further improve our top line
growth. We will continue to improve our controls on inventory
management while increasing our training budget to drive retail
sales and improve margins. Lastly, we will continue our
search for additional locations as part of our expansion
plans. Green Endeavors, Inc, headquartered in Salt Lake
City, Utah, is a holding company with operations in health &
beauty. GRNEs wholly owned subsidiaries, Landis Salons, Inc.,
Landis Salons II, Inc., and Landis Experience Center LLC, operate
hair salons built around the world-class AVEDA product line - owned
by Este Lauder Companies, Inc. (EL)
In other market news across other sectors: South American
Gold Corp. (OTC: SAGD) announced that the continued growth and
development of the domestic cannabis markets have the company more
committed than ever to their business model and revenue goals. On
July 5, 2016, Jane, the express ordering kiosk that helps cannabis
retailers sell their products, joined the American Trade
Association of Cannabis and Hemp. "We're proud to join ATACH and
hopefully help shape the industry's dialogue around proper
compliance and responsible banking behavior," commented David
Ellerstein, CEO of Jane. "For legal cannabis to gain the legitimacy
it deserves as America's fastest growing industry, we must hold
ourselves to an even higher standard to assuage any concerns banks,
government or institutional investors may have about doing business
with us."
LALPINA WATER (American Premium Water Corporation) (OTC: HIPH),
a producer of high-quality alkaline water, has entered into a
long-term creative partnership with producer, songwriter and
keyboardist Mark Batson. Batson, who co-wrote and produced Dr.
Dre's "Lost One," and has worked with Snoop Dogg, Eminem, and 50
Cent among many others, will serve as creative director on a series
of advertising and branding projects for the company.
GeckoSystems Intl. Corp. (OTC: GOSY) announced that after over
two years of negotiations with this advanced AI developer in New
York City, that substantive progress, the linchpin Memorandum of
Understanding (MOU), has been signed to form their first US joint
venture. For over nineteen years, GeckoSystems has dedicated itself
to development of "AI Mobile Robot Solutions for Safety, Security
and Service ."
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