SALT LAKE CITY, March 16, 2011 /PRNewswire/ -- Nexia Holdings,
Inc. (Pink Sheets: NXHD) the parent company of Green Endeavors,
Inc. (OTCQB: GRNE), is proud to announce that its salon operations
posted significant revenue growth in February 2011 over the same month in 2010.
Combined total revenues for both locations were $210,190 in February
2011, compared to total revenues of $160,343 for the comparable month in 2010.
The $49,847 increase represents
31% growth over salon revenues for February of 2010. These
revenue numbers reflect the continuing success of the new salon in
the Marmalade area of Salt Lake
City since its opening in October of 2010 and the ongoing
results from our flagship salon in Liberty Heights.
Richard Surber, CEO of Nexia
Holdings, Inc. (NXHD) and Green Endeavors, Inc. (GRNE), commented,
"We were up about 5% at our flagship location for the month.
Revenues for our newest location nearly topped sales for the
month of December. Typically February is one of the lower
revenue producing months and December is the top revenue producing
month out of the year. We are on track to hit our revenue
goals for 2011. Furthermore, I am diligently searching a
method to fund our next salon location. I have indentified
the prospective location and have had preliminary floor plans
drafted in anticipation of securing the space."
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. Please join us
on Facebook at: Landis Facebook, Nexia's Facebook, and Green
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,
Nexia Holdings, Inc.
801-575-8073 x 106
SOURCE Nexia Holdings, Inc.