Articles & News


Nexia Reports Salon Revenues of $2,113,943
Nexia Outlines Marketing Efforts
Nexia Assembles New Real Estate Acquisition Team
Nexia Ranked in Top 40 Public Companies by Utah Business Magazine
Nexia Acquires Two Additional Residential Properties
Nexia Holdings, Inc. to Be Featured in Small Cap Stock Newsletter QualityStocks Daily

 

Nexia Reports Salon Revenues of $2,113,943(return to top)

2/20/2007 1:40:49 PM ET

SALT LAKE CITY, UT -- (MARKET WIRE) -- 01/05/09 -- Nexia Holdings, Inc. (OTCBB: NXHD) (PINKSHEETS: GRNE) reported that it generated a total of $2,113,943 (unaudited) in gross salon revenues for the year 2008. Landis Salons, Inc. now held by Green Endeavors Ltd. (PINKSHEETS: GRNE), www.green-endeavors.com, a majority owned subsidiary of Nexia, reported gross revenue growth of 4.2% to $2,113,943 in 2008 compared to $2,025,281 reported for the same period of 2007. The Salt Lake City Landis salon generated revenues of $1,829,381 (unaudited), a 2.7% decrease for 2008 compared to $1,879,798 reported the same period in 2007. The Bountiful Landis Salon's revenues for 2008 were $284,562 (unaudited), a 48.9% increase from the reported 2007 revenues of $145,483; this salon was acquired by Nexia during August of 2007. Richard Surber, President and CEO of Nexia, stated, "I am pleased to report that our salon operations have shown resilience during an economically challenging time. The number of services performed actually increased during 2008. We did see a dip in product sales. We are laying the groundwork for expansion and profitability in 2009 for our salons. More information will be forthcoming as our accounting staff gears up for filing Nexia's annual report." About Nexia Holdings, Inc. Nexia Holdings, Inc. (OTCBB: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia, through its subsidiary Green Endeavors Ltd (PINKSHEETS: GRNE) www.green-endeavors.com, owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates one retail location and online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com. Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarters of 2008. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov. This press release reports information gathered on a preliminary basis for the salon operations during 2008, the numbers are not audited, have not been reviewed by an independent accountant and are subject to change and further review as more information is gathered. The information does not reflect costs of operations and does not predict profitable operations for Nexia and its subsidiaries. This press release also contains forward-looking statements. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

Nexia Outlines Marketing Efforts(return to top)

2/20/2007 1:39:59 PM ET

SALT LAKE CITY, UT -- (MARKET WIRE) -- 12/22/08 -- Nexia Holdings, Inc. (OTCBB: NXHD) (PINKSHEETS: GRNE) announced that management is both reviewing and planning for its advertising and marketing efforts in 2009. CEO Richard Surber stated that, "I first want our shareholders, employees, and customers to be aware of some of the unique and traditional marketing efforts that have occurred over 2008 and how we plan to improve upon those efforts in 2009." The following is a list of traditional media which include magazines, newspapers, mailers, radio, email, press releases, and other means that we have used or been featured in during 2008: -- Salt Lake Tribune with a weekly readership of approximately 900,000 which we recently ran a half page ad this last weekend. -- Salt Lake Magazine is a high end magazine distributed throughout the Salt Lake Valley. -- IN Utah This Week is a weekly newspaper that features our companies on a weekly basis to the hipster crowd and has a circulation of about 40,000. -- Yellow Pages. -- Hometown Values is a discount mailer to thousands of households in the Salt Lake Valley. -- American Salon Magazine has ranked Landis Lifestyle Salon as the #1 salon in Utah. -- Utah Business Magazine has ranked Nexia as the 33rd largest public company in Utah based upon 2007 revenues. -- DEX Yellow Pages. -- Verizon Yellow Pages. -- M6 Marketing is a text messaging service; we recently signed a 12 month contract with them. -- KCPW Radio is the local station for National Public Radio. Nexia is a proud supporter of this station. "Our biggest and most effective way to get the word out on our salon products and services is word of mouth at the local level coupled with throwing events to show our appreciation for our clients. I am cultivating my success into our New Artist Stylists," noted Logan Fast, Master Stylist at Landis Salons and newly appointed Vice President of Green Endeavors Ltd. (PINKSHEETS: GRNE). Fast continued, "In 2009, I will release more specifics on who we will be advertising with and how Nexia can generate further interest in its products and services. In addition to traditional marketing, I hope to be able to lay out how we intend to better inform the investment community about Nexia, this will focus heavily on our web presence. "A critical element to Nexia's success will be to make sure that Nexia's marketing dollars continue to be well spent. I look forward to 2009 when our agreement with Clearvision International, Inc. kicks in with an estimated value of about $2M in media which should include celebrity endorsements, billboards, TV, radio, and more." For more information on Clearvision International, Inc. you can go to their web site at www.fortunebroadcasting.com. About Nexia Holdings, Inc. Nexia Holdings, Inc. (OTCBB: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia, through its majority owned subsidiary Green Endeavors Ltd. (PINKSHEETS: GRNE) www.green-endeavors.com, owns Landis Salons, Inc., www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates one retail location and online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com. Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007, its subsequent quarterly reports in 2008 and Form 8Ks. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.


Nexia Assembles New Real Estate Acquisition Team(return to top)

2/15/2007 1:42:19 PM ET

ALT LAKE CITY, UT -- (MARKET WIRE) -- 12/18/08 -- Nexia Holdings, Inc. (OTCBB: NXHD), a diversified holdings company with operations in real estate, health & beauty, and fashion retail announced today that Wasatch Capital Corporation, a subsidiary of Nexia's, has appointed new officers to manage the real estate operations that will be expanding under Wasatch's ownership. Richard Surber, CEO of Nexia Holdings, commented, "The team that Nexia is assembling will be key to our future success as a real estate holdings company. These professionals will take Nexia in a new direction. I have a high level of confidence in all three new officers of Wasatch Capital Corporation." The appointments are as follows: Casey J. Coleman as President, Corey Vandenberg as Vice President, and William Pettet as Secretary/Treasurer. All of these appointments are effective immediately. Casey J. Coleman, the new President, has been heavily involved in the real estate market for more the 15 years. He has worked as a Realtor and has helped numerous investors buy and sell properties from single family properties to multi-unit apartments. For almost five years Casey was owner and CEO of Rental Finders, one of the largest property management companies in Salt Lake City. Mr. Coleman has recent experience managing a real estate portfolio in excess of $10 million and he will use his expertise to effectively manage Nexia's growing real estate holdings. Corey Vandenberg, the new Vice President, has been involved in real estate investing and consulting since 1998. As a consultant with Foreclosure Rescue Services, he has helped thousands of homeowners avoid foreclosure, save their personal residences, and preserve their equity and credit rating. Corey founded Utah Foreclosure Advocates in 2002, offering a free service to homeowners that sought to obtain favorable work out conditions to avoid the loss of a home to foreclosure. These activities have created a substantial network in the industry that includes loss mitigation companies, bankruptcy trustees, and legal counsel; all helpful in avoiding the pitfalls of foreclosure. William Pettet, the new Secretary/Treasurer, has worked in the real estate industry since 1999 as an investor, consultant, and mortgage professional. He has founded several successful real estate businesses including Wasatch Investment Properties and Credit Solutions, LLC. In 2007 he became the Vice President and CFO of Trinity Financial Services, a Utah mortgage broker. With the record number of foreclosures, banks have a swelling portfolio of Real Estate Owned properties. Nexia/Wasatch is working with employees at various local and regional banks to begin discussions about purchasing a portion of those assets. Wasatch is also talking with numerous individual investors who purchased real estate during the recent market boom. Generally these investors have homes in the Salt Lake City Utah market that ranges from 5 homes to 100+ homes. With the changing real estate market, many of these investors see Nexia as a strong exit strategy to liquidate their portfolios. About Nexia Holdings, Inc. Nexia Holdings, Inc., headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. The Company has been acquiring undervalued properties in the Salt Lake City area since the early 1990s. Nexia owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, and operates one Black Chandelier retail location and an online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com.


Nexia Ranked in Top 40 Public Companies by Utah Business Magazine(return to top)

SALT LAKE CITY, UT -- (MARKET WIRE) -- 12/11/08 -- Nexia Holdings, Inc. (OTCBB: NXHD), a diversified holdings company with operations in real estate, health & beauty, and fashion retail was recognized as the 33rd ranked public company in Utah, based upon 2007 total revenue, by the Utah Business Book of Lists 2008. This marks Nexia's first appearance on the list and the growing attention being given to Nexia's operations and results. Nexia's reported 2007 revenue of $3,232,000 reflects the growth of its operations and the success of it projects, especially in the health and beauty operations of Landis Salons, Inc., a subsidiary of Nexia. "Nexia will seek to build upon that strong position as reported for 2007 in the Utah real estate market, which is doing much better than several harder hit areas of the country," observed company CEO Richard Surber. "We are moving forward with our real estate expansion strategy and expect those efforts and the continued growth of our salon operations in the future to move Nexia's fortunes to even better results." About Nexia Holdings, Inc. Nexia Holdings, Inc., headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. The Company has been acquiring undervalued properties in the Salt Lake City area since the early 1990s. Nexia owns a majority interest in Landis Lifestyle Salon, www.landissalons.com a hair salon built around the world-class AVEDA(TM) product line, and operates one Black Chandelier retail location and an online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com.


Nexia Acquires Two Additional Residential Properties(return to top)

SALT LAKE CITY, UT -- (MARKET WIRE) -- 12/10/08 -- Nexia Holdings, Inc. (OTCBB: NXHD) announced the execution of a Real Estate Purchase Agreement with Casey J. Coleman to acquire two residential properties, both located in Salt Lake City, Utah. The total value is estimated to be $465,000 which will be paid with the issuance of 93,000 shares of restricted Series C Preferred Stock of Nexia. The properties are both single-family dwellings that are currently fully occupied. The purchase of these properties will serve as an example to other potential sellers and may add further credibility to the soundness of Nexia's Real Estate Acquisition Strategy. Richard Surber, CEO of Nexia Holdings, stated, "The acquisition of these homes is merely the tip of the iceberg. These two properties coupled with the recent acquisition of a triplex should add nearly $1M to Nexia's balance sheet and the Nexia real estate team has barely begun its acquisition efforts." Mr. Surber further commented, "I anticipate by the end of December Nexia may be able to acquire another 10 to 20 properties which could add as much as $2.5M to Nexia's balance sheet. Everything that I am seeing tells me that it is very possible that Nexia could acquire vast amounts of residential properties with no cash. Furthermore, Nexia could end up owning the properties free and clear of all debt within 24 months of acquiring the properties based upon its strategy." Casey J. Coleman, the seller, commented, "This was a perfect opportunity to sell my real estate. I was able to get a fair market value when most other real estate is selling at steep discounts. I am very satisfied with the structure of the transaction and have a great deal of confidence that Nexia's real estate strategy and other operations will be reflected in the value of Nexia. I am bullish on Nexia based upon my due diligence of their plans to create value." If you are an accredited investor interested in selling your home, apartment complex or other real property pursuant to Nexia's Real Estate Acquisition Strategy, please contact Richard Surber at the contact information below. About Nexia Holdings Inc. Nexia Holdings Inc. (OTCBB: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates one retail location and an online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com. Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarters of 2008. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov. The success of the above strategy is conditioned upon a substantial increase in liquidity of Nexia's common stock, an eventual recovery in the real estate markets that Nexia invests in and many other factors which will emerge as Nexia executes upon its acquisition strategy. Add to Digg Bookmark with del.icio.us Add to Newsvine FOR MORE INFORMATION, CONTACT: Richard Surber President Nexia Holdings, Inc. 801-575-8073 x 106 RichardSurber@nexiaholdings.com


Black Chandelier Inks Expansion Deal with General Growth Properties(return to top)

SALT LAKE CITY--(BUSINESS WIRE)-- Nexia Holdings, Inc. (OTCBB: NXHD) announced today that it has agreed with QualityStocks to be featured in The Small Cap QualityStocks Daily Newsletter, Daily Internet broadcast with Cathy Rankin, Vanessa Ramirez and Jenn Hoffman, and QualityStocks Daily Blogs and Message Boards. QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletter via opt-in email. Richard Surber, CEO of Nexia Holdings, has the company focused on the health and beauty, fashion retail, and real estate markets. Currently, the company owns two salons, one retail store, one online retail store and two commercial properties. The retail store, operated by subsidiary Black Chandelier, sets itself apart from clothing giants such as The Gap, Hot Topic, and Target by offering eco-friendly fabrics, in-house sewers and silk screeners, and fanatical models such as Lisa D'Amato. The store was designed to be a tourist attraction that offers an innovative retail shopping experience. Nexia also has more than a decade of experience acquiring undervalued properties in the area of Salt Lake City. The company's existing portfolio includes a 7,000-sq-ft one-story retail building on State Street in Salt Lake City and a 10,000-sq-ft building on Sam's Boulevard in Kearns. The company also owns seven small parcels of undeveloped raw land in Utah and Kansas. Mr. DeAvila stated, "Nexia Holdings has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets." About Nexia Holdings, Inc. (NXHD.OB) Nexia Holdings, Inc., headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates one retail location and online store at www.blackchandelier.com. For more information on Nexia Holdings, Inc., visit: http://www.nxhd.QualityStocks.net. About QualityStocks Small Cap Stock Newsletter QualityStocks is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one free Daily Newsletter Report. To sign up for "The QualityStocks Daily Newsletter" please visit www.QualityStocks.net and be informed each day on the events happening in the small cap market. Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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