SALT LAKE CITY, Dec. 5 /PRNewswire-FirstCall/ -- Nexia Holdings, Inc. (OTC Bulletin Board: NEXA), a diversified holdings company with operations in fashion retail, health & beauty, and real estate, issued the following update to shareholders from Company CEO Richard Surber.
Dear Valued Shareholders:
I am pleased to address shareholder concerns about the upcoming reverse split and the future growth of Nexia's operations.
I anticipate a 1-for-100 split to be effective by December 14, 2007. I also expect our Landis Lifestyle salon operations ("Landis") to be placed under our new subsidiary Green Endeavors Ltd. (OTC: GRNE) by the end of this year. Once Landis becomes publicly traded under GRNE's ownership, Nexia will distribute a stock dividend to our shareholders. The dividend is intended to reward Nexia's loyal and long-term investors. In order to be eligible for the stock dividend, you must be a shareholder in Nexia on the record date for the dividend. I anticipate the record date to be set in the first quarter of 2008. This means that if you do not own shares in Nexia prior to the ex- dividend date, you will not receive the dividend in GRNE.
Many shareholders have emailed me questions regarding why they should buy Nexia stock with the upcoming reverse split or why should they hold Nexia stock?
I cannot advise anyone if they should buy, hold or sell Nexia stock. As
the president of the Company, I can only point out the many positive
attributes of Nexia that provide the foundation to achieve success. These
include the following:
Stock Dividend in Green Endeavors Ltd. (OTC: GRNE)
Landis Salons Grew Revenues by 49% in its second year of operations
Markets World Class AVEDA(TM) Product Line
Landis Meets AVEDA(TM) Operating Requirements
Signature Brands include Jared Gold Couture and Black Chandelier
Black Chandelier Revenues Grew 99% during the Nine-Months ended September
30, 2007 compared to the same period last year (Black Chandelier was not
operating under Nexia until 9.30.2006)
Talented Staff Includes: Jared Gold, Matthew Landis, Anthony Newby, Andy
Montana, Guy Cook, Fred Hunzeker
On Track to Generate Nearly $4 Million in Gross Revenues in 2007
Future Plans to Grow Nexia into a Major Fashion Retail Concern
Current low market capitalization may be viewed as an opportunity for
My goal is to make the market take notice of Nexia. The market will not be able to ignore Nexia as we grow the company. I am embarking upon a relentless marketing strategy which will reach both potential consumers and clients.
On December 7, 2007, Nexia will be hosting Black Chandelier's Annual Fashion show. The event is oversold. Sponsors include Vespa, In Magazine, W Talent and Hotel Monaco. We anticipate all local news channels, including Fox, CBS, NBC and ABC, will be there to film the event for Salt Lake's local news. In addition, the Los Angeles Times, City Weekly, In Magazine, Salt Lake Tribune, Variety, Deseret News, SLUG Magazine, Buzznet.com, Style.com, local high school and college papers are among just few of the news media we also expect at the show.
In addition, I will be stepping up my efforts to convey Nexia's story and the opportunity it presents to consumer and investors alike. On average, between our six retail locations (four Black Chandelier and two Landis), and our three web sites, thousands of people are just beginning to be introduced to Nexia and its family of companies. I strongly believe that these efforts will culminate into increased awareness and value for Nexia and its shareholders. The clich "Rome wasn't built in one day" applies to Nexia. Nexia's team has massive plans to grow the Company and it will take more time and much more capital to achieve its goals.
Nexia has so much to offer for such a small company. We are simply an unknown and unrecognized opportunity, which are two things that I intend to change. I encourage the public to review our web sites - http://www.nexiaholdings.com, http://www.blackchandelier.com and http://www.landissalon.com -to see the opportunity that Nexia presents. You may also access a video of my interview with ItsAboutFinance.com at http://www.storylinefilms.com/nexia/.
I ask that investors take a long-term view on Nexia and bear with me on
our exciting journey into the future. We are building something special,
and we want you to be a part of it.
CEO of Nexia Holdings, Inc.
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, http://www.landissalon.com, and operates four Black Chandelier retail locations and an online store at http://www.blackchandelier.com. For more information on Nexia, visit http://www.nexiaholdings.com.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2006 and for the subsequent quarters during 2007. Nexia's disclosures can be viewed at http://www.nexiaholdings.com and http://www.sec.gov.
This press release contains forward-looking statements that are based
on a number of assumptions, including the potential market response to
spring designs, the successful completion of the marketing plans and
expansion of Gold Fusion Laboratories, Inc. operations. The above
statements further assume that Nexia can obtain sufficient capital to
execute its announced expansion plans through outside investments including
but not limited to obtaining significant leasehold improvements and
sufficient lines of credit to fund the opening of additional Gold Fusion
Laboratories, Inc. locations. Nexia's assumptions are further contingent
upon Gold Fusion Laboratories, Inc. being able to properly staff its
additional locations. 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
FOR MORE INFORMATION, CONTACT:
Richard Surber, President
Nexia Holdings, Inc.
For Investor Relations:
OTC Financial Network
|SOURCE Nexia Holdings, Inc.|
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