SALT LAKE CITY, Utah,
June 27, 2011 /PRNewswire/ --
Nexia Holdings, Inc.'s (PINKSHEETS: NXHD) subsidiary Redline
Entertainment has signed a contract to license certain foreign
distribution rights to the feature length film Paladin: Dawn of
the Dragon Slayer, formerly known as Paladin. Dawn of the
Dragon is the fifth film that Nexia's entertainment division has
been retained to sell in foreign markets.
(Logo:
http://photos.prnewswire.com/prnh/20090206/NE67358LOGO )
The agreement with the producers of Dawn of the Dragon
Slayer, Fantasy Feature Funding One LLC, includes the right to
a second dragon movie The Virgin and the Warrior that was
shot in conjunction with a team of Revel's film makers in April of
this year. The level of interest in both of these projects by
the foreign distribution markets is very high. Nexia's
Redline in association with Highland Film Group have contracts
signed or pending selling certain rights to the film in
Spain, France, Germany, Thailand, United
Kingdom, Romania and
Indonesia. Redline will
release further details on these contracts and other successes at
the Berlin and Cannes Film Festivals.
Richard Surber, Nexia's CEO said, "I am excited about the
success we are experiencing in assisting independent film makers
with their efforts to sell the licensing rights in foreign markets.
As Redline continues to accumulate contracts to license
rights to quality projects like Dawn of the Dragon Slayer, our
revenue streams will begin to ramp up. The cumulative
revenues generated by Redline's efforts could be substantial over
the coming months and years. Production and subsequent
distribution of these projects take a lot of hard work and
time."
Paladin: Dawn of the Dragon Slayer was shot on location
in Ireland and is a dragon focused
fantasy adventure film. The film was directed by Anne Black and stars Nicola Posener, Ian
Cullen, and Philip Brodie.
Nexia's wholly owned subsidiary Redline Entertainment, Inc. is
currently marketing the following films whose trailers can be
viewed by clicking on the following links: The Kane
Files, Paladin: Dawn of the Dragon Slayer,
Love and Mary, Dr. Limptooth, and
Pirates of the Great Salt Lake. In partnership
with Highland Film Group, Redline will continue its efforts to
enter into additional distribution and licensing agreements.
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (PINKSHEETS: 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. (GRNE), www.green-endeavors.com
Green Endeavors Facebook, which operates Landis Salons, Inc. and
Landis Salons II, Inc., www.landissalon.com Landis Salons
Facebook, 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. More information can be found by
visiting www.nexiaholdings.com, Nexia Holdings' Facebook, Multivu
Link or visit The Kane Files Facebook.
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:
Richard Surber, President
Nexia Holdings, Inc.
801-575-8073 x 106
RichardSurber@nexiaholdings.com
SOURCE Nexia Holdings, Inc.