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| Nexia acquires Green Endeavors Salt Lake City-based Nexia Holdings, Inc., a diversified holdings company with interests in health & beauty, fashion retail and real estate, announced that it has closed on the purchase of 90% of the issued and outstanding stock of Green Endeavors, Inc. from AmeriResource Technologies, Inc, in exchange for the issuance of 150,000 restricted shares of Nexia's Series C Preferred Stock with a stated value of $5.00 per share. GRNE holds 13 million shares of BizAuctions, Inc. with a market value of approximately $950,000 and convertible debt of $171,000. GRNE is now a majority owned subsidiary of Nexia. Nexia has plans to spin-out its Landis Lifestyle Salon operations into the publicly traded Green Endeavors, Inc.. write your comments about the article :: © 2007 Construction News :: home page |