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Nexia Holdings News
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Tuesday, 07 June 2011 07:00 |
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SALT LAKE CITY, June 7, 2011 /PRNewswire/ -- Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTC PINK: NXHD) is proud to announce that its salon operations posted significant revenue growth in May 2011 over the same month in 2010.
Combined total revenues for both locations were $227,655 in May 2011, compared to total revenues of $184,798 for the comparable month in 2010. The $42,857 increase represents 23% growth over salon revenues for May 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 continue to focus our efforts on education and growing our salon staff. As stylists advance through our rigorous training program we are in need of hiring additional talent to fill these available positions. We hope that these efforts result in greater customer satisfaction and an overall increase in revenue in the future months."
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Read more... [Landis Lifestyle Salons' Revenues Up 23% Over May 2010]
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Thursday, 19 May 2011 06:30 |
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SALT LAKE CITY, May 19, 2011 /PRNewswire/ -- Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTCPINK: NXHD) has filed its first quarter (period ending March 31, 2011) 10-Q, reporting on the activity and results from the first three months of operations in 2011. For the three months ended March 31, 2011 revenues increased $153,922 or 30% as compared to March 31, 2010. Total revenue for the two operating salons for the quarter was $662,083.
Our working capital deficit was reduced by $36,877 from year end to March 31, 2011 and the cash flow results all showed positive change during the first quarter over last year. Overall first quarter results were positive and in line with the plans of the corporation. The growth recognized by the newer Marmalade Salon and the continuing results at the Liberty Heights Salon resulted from the hard work of the stylists, staff, and management of the salons.
Richard Surber, CEO of Nexia Holdings, Inc. (NXHD) and Green Endeavors, Inc. (GRNE), commented, "I have recently read several books that have inspired me including: Carrot Principles, Orange Revolution, and the E-Myth Revisited. Our operations already employ many of the concepts in these books. However, as we replicate our current successes, my team will fully integrate all of the applicable concepts in these books as part of our expansion plans and growth strategy for existing stores."
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Read more... [Landis Lifestyle Salons 1st Quarter Revenues Up 30% Over Comparable Period in 2010]
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Wednesday, 11 May 2011 08:00 |
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SALT LAKE CITY, May 11, 2011 /PRNewswire/ -- Nexia Holdings, Inc. (PINKSHEETS: NXHD) film division marketing representatives will be attending the Film Market as part of the Cannes International Film Festival from May 11 through the 22nd. The Cannes Film Festival is the largest, most exciting international gathering of entertainment professionals with an estimated 40,000 professionals in attendance. Our booth will be located at the Palais, booth LERINS R6a.
All the films under contract with Redline Entertainment Inc. for foreign distribution will be marketed at this event. These films include: The Kane Files, Paladin, Love and Mary, Dr. Limptooth, and Pirates of the Great Salt Lake. In partnership withHighland Film Group, Redline will seek to enter into distribution and licensing agreements for each of these films.
The Cannes Film Market is one of the largest exhibitions of films during the year online casino gambling with playing pokies online potential exposure to nearly every buyer of films and every major film company. It is casino francais our expectation that each of these films will gain significant exposure and be licensed to several territories throughout the world.
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Read more... [Nexias Film Marketing Efforts at the Cannes Film Festival Market]
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Wednesday, 27 April 2011 07:30 |
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SALT LAKE CITY, April 27, 2011 /PRNewswire/ -- Nexia Holdings, Inc.'s (http://www.nexiaholdings.com) (PINKSHEETS: NXHD) film division is proud to announce that The Kane Files has been accepted into the Newport Beach Film Festival that will run from April 28 to May 5, 2011, Newport Beach Film Festival Website. This makes The Kane Files 1 of 150 selections out of 700 submissions. The film will screen during the festival's 12th annual exhibition with an expected attendance of over 50,000. This honor could lead to more marketing opportunities with the buyers and distributors that are expected to be in attendance and expand the potential for distribution of the film into more markets.
Richard Surber, Nexia's CEO, stated, "The Kane Files showing at the Newport Beach Film Festival is yet another venue for our film to gain additional exposure. We have signed several foreign distribution licensing contracts and expect to be closing on more deals in the near future. Everyone that has the opportunity should see this film and know that we are working on several new projects that we hope to start filming in the near future. Our efforts to obtain additional funding for new films is ongoing on several different fronts and are looking very positive at this time."
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Read more... [Nexias Film Division Announces The Kane Files will be Presented at the Newport Beach Film Festival]
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Thursday, 07 April 2011 08:00 |
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SALT LAKE CITY, April 7, 2011 /PRNewswire/ -- Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTC PINK: NXHD) is proud to announce that its salon operations posted significant revenue growth in March 2011 over the same month in 2010.
Combined total revenues for both locations were $240,960 in March 2011, compared to total revenues of $175,528 for the comparable month in 2010. The $65,432 increase represents 37% growth over salon revenues for March 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, "Our monthly sales were up online casino spiele about 8% at our flagship location for the month of March 2011 over March of last year. The Marmalade salon sales for March set a new mark for gambling online highest monthly revenues at this new salon of $65,127, the first month with revenues in excess of $60,000. This is only the sixth full month of operations for this still growing salon. We are on track to outpace our revenue goals for 2011. I expect better months to come as we gain momentum through 2011."
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Read more... [Landis Lifestyle Salons Revenues Top $240,000 in March 2011; Up a Blistering 37% Over March 2010]
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Monday, 04 April 2011 08:00 |
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SALT LAKE CITY, April 4, 2011 /PRNewswire/ -- Richard Surber, CEO of Green Endeavors, Inc. (OTCQB: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTC PINK: NXHD) issued the following statement:
Dear Shareholders:
The purpose of this letter is to set forth my intermediate and long term plans to grow our premier brand, Landis Lifestyle Salons, built around the world class Aveda™ products. I have spent the last 5 years painstakingly developing our salon businesses with the substantial help of a talented and hard working staff. GRNE is now the owner of two of the top producing salons in the state of Utah. Today, thanks to the efforts of Logan C. Fast (Aveda Purfessional, Lead Educator, Vice President and Director of GRNE), Landis Salons are well known for its vigorous education program designed to produce the best stylists. Highly skilled stylists directly translate into the best guest services. Outstanding service by our small army of over 70 talented individuals is the engine that is driving our financial growth.
We are once again on the march to retain additional talent, namely stylists, in anticipation of opening additional locations. I have surveyed what will most likely be our third location in, Draper, Utah. I have obtained the initial architectural plans for the 2,500 sq. ft. location which may have between 12 to 14 cutting stations. I am in the initial stages of negotiating a long-term lease. I would expect this process to move very quickly once we raise the necessary capital to ensure a successful launch. I am reaching out to long term investors in an effort to obtain what I hope will be $1.5M in equity and debt financing within the next 12 months. This sum would be sufficient to successfully launch our Draper location and a fourth location. The intent is to purchase the underlying real estate for the fourth location based upon certain financing requirements.
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Read more... [Richard Surber, CEO, Issues Letter to Shareholders]
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Tuesday, 29 March 2011 01:35 |
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SALT LAKE CITY, March 29, 2011 /PRNewswire/ -- Green Endeavors, Inc. (OTCQB: GRNE), a subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), filed its Form 10-K with the Securities and Exchange Commission yesterday reporting consolidated net income of $43,939.
Salon revenues increased 10.1% in fiscal 2010 to $2,250,998, compared to $2,044,351 a year ago. During 2010, Green experienced a 6.2% growth rate in same-store sales and 3.9% second salon growth over the previous year. Some promising results as reported in the filing:
- Our 2010 service revenue is up 13.5% over 2009.
- Our Marmalade salon is off to a good start by exceeding initial revenue predictions.
- Our net income for 2010 was $43,939 compared to a net loss that exceeded $385,000 in 2009.
- Green's total number of employees at December 31, 2010 was estimated to be 78, with 75 people employed directly in the salons and three working on the corporate management level.
- Our balance sheet is slowly strengthening. Total assets increased live roulette online over total liabilities by $206,559.
- Total assets are up $642,202 or 146% over 2009.
- Total liabilities are up $435,643 or 11%.
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Read more... [Green Endeavors Reports Net Income for Fiscal 2010]
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Tuesday, 22 March 2011 07:00 |
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SALT LAKE CITY, March 22, 2011 /PRNewswire/ -- Nexia Holdings, Inc.'s (PINKSHEETS: NXHD) subsidiary Redline Entertainment, Inc. has signed a contract for the license rights to the foreign distribution of the feature length film Paladin. This makes a total of five films for which foreign distribution rights have been obtained by Nexia's entertainment division.
Richard Surber, Nexia's CEO, said, "I am excited about the success we are experiencing with our efforts to expand our film rights library for foreign distribution. If Redline continues to accumulate licensing rights at this pace, I expect Nexia to be in a very good place in a relatively short period of time. The result will be substantial additional streams of income in addition to the films produced directly by Revel."
The movie Paladin 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. Efforts to market the film began at the Berlin Film Festival in mid-February and negotiations are ongoing with German and UK distributors. Ongoing efforts to market all five films will continue at the Cannes Film Festival that will take place from May 11-22, 2011 Cannes Festival Web casino online france Site.
The agreement with the producers ???????? ?????? of Paladin, Fantasy Feature Funding One LLC, includes the right to a second dragon movie The Virgin and the Warrior that is scheduled to begin shooting in April of this year. The level of interest in both of these projects by the foreign distributors markets is very high and has generated significant interest in these projects as Revel develops it film library for foreign distribution.
Nexia's wholly owned subsidiary Revel Entertainment, Inc. owns a majority interest in Aesop Pictures LLC, which owns The Kane Files and a minority interest in Repo. The Kane Files was filmed exclusively in the State of Utah. The film starsDrew Fuller (Winner of the Best Actor Award at San Diego Film Festival in 2010), Ethan Embry, William Atherton, and William Devane.
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Read more... [Nexias Film Division Signs Contract for Foreign Distribution Rights to the Feature Length Film: Paladin]
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