SALT LAKE CITY, Feb. 7, 2011 /PRNewswire/ -- Nexia Holdings, Inc.
(Pink Sheets: NXHD) the parent company of Green Endeavors, Inc.
(OTCQB: GRNE), is proud to announce that revenues are up
substantially in the fourth quarter of 2010 compared to the same
period in 2009.
(Logo: http://photos.prnewswire.com/prnh/20090206/NE67358LOGO
)
Richard Surber, CEO of Nexia
Holdings, Inc. noted, "My team is on track so far in 2011 to
outpace 2010 revenues by a substantial margin. We have a
number of promotional events on the horizon. Our training
efforts of new staff members are beginning to pay dividends in the
form of enhanced guest experiences which is translating into higher
sales. Our newest location is also receiving some local
press. I encourage everyone to check out In Utah which
features an article on our salons and yours truly."
Combined net sales for both locations were $645,602 and gift card sales of $14,381 (which are not included as revenue until
redeemed) for fourth quarter 2010, compared to net sales of
$518,176 and gift card sales of
$8,436 for the comparable period in
2009. The $127,426 increase
represents a 25% climb over the comparable period in 2009.
Mr. Surber continued, "Sales at our flagship location were
$498,862 for fourth quarter 2010,
compared to $471,804 for the
comparable period in 2009. The $27,058 increase represents a 6% increase, even
though a good portion of our staff moved over to the new location.
Some of the details show double digit gains for service,
product, and gift card sales this Holiday season over 2009."
Mr. Surber elaborated further, "Our newest Landis Lifestyle
Salon location generated $146,740 in
net sales for the fourth quarter 2010 plus gift card sales of
$5,108. Our newest location
outpaced sales from our former Bountiful location by over 223% for
the comparable period in 2009. I will reiterate that the
newest location is only staffed up to 1/3 of its potential.
So, we have a lot of room for growth in the coming years.
We are on track to hit our revenues goals for the newest
location."
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (Pink Sheets: NXHD), headquartered in
Salt Lake City, Utah, is a
diversified holdings company with operations in entertainment,
health & beauty, and real estate. Nexia owns a majority
interest in Green Endeavors, Inc. (OTCQB: GRNE),
www.green-endeavors.com, which operates Landis Salons, Inc. and
Landis Salons II, Inc., www.landissalons.com, hair salons built
around the world-class AVEDA™ product line. Through its newly
acquired entertainment division, Revel Entertainment, Inc., Nexia
has plans to acquire the rights to several independent films. For
more information, visit www.nexiaholdings.com.
Nexia strongly encourages the public to read the above
information in conjunction with its reports filed at
www.pinksheets.com. Nexia will require a significant influx
of capital in order to effectively execute upon its various
operational plans. The actual results that Nexia may achieve
could differ materially from any forward-looking statements due to
such risks and uncertainties. Investors should not invest
more than they can afford to lose in penny stocks.
FOR MORE INFORMATION,
CONTACT:
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Richard Surber,
President
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Nexia Holdings, Inc.
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801-575-8073 x 106
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RichardSurber@nexiaholdings.com
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SOURCE Nexia Holdings, Inc.