Nexia Eyes Additional Salon Locations
| Source: Nexia Holdings, Inc.
SALT LAKE CITY, UT--(Marketwire - August 14, 2009) - Nexia Holdings, Inc. (PINKSHEETS : NXHD ),
a diversified holdings company, through its subsidiary Green Endeavors Ltd.
(PINKSHEETS : GRNE ), is actively seeking to acquire additional salon
locations. Nexia's CEO Richard Surber stated, "Our team has identified at
least two potential salons that could be acquired before holiday season in
2009. The salons we are looking at are licensed to sell Aveda products."
Mr. Surber further stated that "The acquisition of the salons in question
would increase revenues from salon operations by an estimated 60% in the
short term and would double salon revenues within 24 months based upon my
initial observations."
Nexia's subsidiary GRNE intends to purchase existing salons that are
licensed to sell Aveda products with a combination of its securities,
seller financing and a small cash component. GRNE has engaged several
online resources and people in the salon industry to locate potential
acquisition candidates. These sources have produced over a dozen potential
acquisition candidates throughout the United States.
Mr. Surber noted that "The fact that our organization is publicly held is a
key advantage over most other salon companies that wish to acquire
additional salons. Our publicly traded companies may use their shares to
acquire salons while preserving cash flows to improve operations. We can
also grant stock options to our employees as a tool to both attract and
retain the life blood of a salon -- its stylist and support staff."
The above efforts coupled with our staffs' commitment to excellent customer
service and the Aveda 12 Points of Difference as discussed in this short
video at http://www.youtube.com/watch?v=joEeffVk13w&feature=related are key
to future growth prospects.
If you are a salon owner and have an interest in teaming up with our
organization, please contact Richard Surber at hudconsult@aol.com.
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (PINKSHEETS : NXHD ), headquartered in Salt Lake City,
Utah, is a diversified holdings company with operations in real estate and
health & beauty. Nexia owns a majority interest in Landis Salons, Inc.,
http://www.landissalons.com, a hair salon built around the world-class
AVEDA™ product line. For more information, visit
http://www.nexiaholdings.com and www.green-endeavors.com.
Nexia strongly encourages the public to read the above information in
conjunction with its 2008 Annual Report which can be viewed at:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=22425.
Additional Nexia disclosures can be viewed at www.nexiaholdings.com and
www.sec.gov. Nexia ceased reporting with the SEC in April 2009.
This press release also contains forward-looking statements. There are no
assurances that such assumptions will prove correct. These forward-looking
statements involve a number of risks and uncertainties, including an
expectation of substantial increase in sales. The actual results that
Nexia Holdings 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.