NEW YORK, Aug. 30, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine recently published an exclusive interview with Richard Surber, president and CEO of Nexia Holdings Inc. (OTCBB:NEXA), introducing his company's unique portfolio of real estate and retail assets.
"The predominant focus right now is on Gold Fusion Laboratories, which is the company that owns our Black Chandelier clothing label," Mr. Surber tells Wall Street Reporter. "The other focus is on Landis LLC, and Landis LLC owns the Landis Lifestyle Salon, which is the template that we're going to use to acquire as many of these salons as we possibly can."
The 15-minute interview is now available at wallstreetreporter.com in streaming audio and mp3 format, free of charge.
Highlights include discussion of the following:
* How the company's growing consumer ventures doubled their revenue in the most recent reporting period. * The Black Chandelier brand's potential as "an upscale Hot Topic" with unique design and "fantastic" expansion so far. "We are looking to do a national expansion," Mr. Surber says, noting that meetings with mall operators have been universally positive. * Plans to build out the Landis beauty salon concept into an Aveda-compliant environmentally friendly chain of up to 5-6 locations by year-end. * Management's combined experience to achieve the company's multi-faceted objectives. * Substantial real estate holdings throughout Utah.
"We're on track at a minimum to generate $3.2 to $3.4 million in gross revenues from the Landis-Black Chandelier operations and then other revenues probably total half a million," Mr. Surber tells WSR. "I think that's a pretty good start."
About Wall Street Reporter
Wall Street Reporter (Est. 1843) helps smart investors connect with exciting companies, through our website, magazines and conferences. We're probably best known for our exclusive interviews with industry-leading CEOs and the world's top investment experts.
About Nexia Holdings Inc.
Nexia Holdings Inc., headquartered in Salt Lake City, is a diversified holdings company with operations in health & beauty, fashion retail and real estate. The company has been acquiring undervalued properties in the area of Salt Lake City since the early 1990s and also owns six small parcels of undeveloped raw land in Utah and Kansas.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business.