Nexia Holdings Inc., based in Salt Lake City, said Friday it has closed on the purchase of 90 percent of the issued and outstanding stock of Green Endeavors Inc. from AmeriResource Technologies Inc.
The purchase was made in exchange for the issuance of 150,000 restricted shares of Nexia Series C preferred stock with a value of $5 per share.
Nexia is a holdings company with interests in health and beauty, fashion retail and real estate. Green Endeavors becomes a majority-owned Nexia subsidiary. Nexia said it plans to spin out its Landis Lifestyle Salon operations into publicly traded Green Endeavors.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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