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GREEN ENDEAVORS, INC.

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Green Endeavors, Inc. Landis Salons, Inc., Landis Salons II, Inc. and Landis Experience Center, LLC Receive a Notice of Default from LCF Salons, LLC

02/27/2018 | 02:25pm EST

Green Endeavors, Inc. Landis Salons, Inc., Landis Salons II, Inc. and Landis Experience Center, LLC have received a Notice of Default from LCF Salons, LLC placing them on notice that they have failed to make a $10,000 payment due under the terms of the December 31, 2017 promissory note they executed in favor of LCF Salons. The note is secured through the security interest that LCF acquired from TCA Global Credit Master Fund, L.P. and extends to all of the assets of each of the named corporations, the Company and its three wholly owned subsidiaries. As a result of the default the entire balance of the note, approximately $285,215 in now due. The companies subsidiaries are not current with payments with regard to obligations and lines of credit owed to Kabbage in the amount of $82,382, American Express Merchant accounts in the amount of $268,902 and Bank of America in the amount of $8,167 the amounts listed are as of February 26, 2018.


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Managers and Directors
Richard D. Surber President, Chief Executive Officer, CFO & Director