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
|SOURCE Nexia Holdings, Inc.|
Copyright©2007 PR Newswire.
All rights reserved