Nexia's Flagship Salon Reports Record Revenues for July 2009
Sales for Landis Lifestyle Salon Are Trending Up
SALT LAKE CITY, UT--(Marketwire - August 17, 2009) - Nexia Holdings, Inc. (PINKSHEETS: NXHD),
a diversified holding company, announced that its flagship salon recorded
record revenues for the month of July 2009. CEO Richard Surber stated his
belief that "the increase in revenues for the month of July at our flagship
location appears to confirm my belief that sales are trending up for our
Landis Lifestyle Salon."
Nexia's flagship location at 1298 South 900 East, Salt Lake City, Utah
reported revenues of $155,588 for the month of July 2009 compared to
$143,913 and $151,906 for the comparable periods in 2008 and 2007,
respectively. Our revenues showed an increase of 8% in 2009 over 2008.
Mr. Surber noted that, "So far our gross revenues for our flagship location
in August of this year are showing double digit gains over August 2008."
Our Bountiful location is lagging behind as a result of being under
staffed. Our regional manager is in the process of hiring additional staff
at our Landis Concept Salon. The Landis Concept Salon has 12 chairs
compared to 20 chairs in our Landis Lifestyle Salon.
Richard Surber, CEO of Nexia, stated that, "I am confident we can get this
location to perform by year end provided we are able to properly staff the
location. I am offering a $500 referral fee to our employees for each
stylist we retain as a result of the referral. When it comes to Landis'
staff, our training is vigorous and our standards are unyielding. The bar
has been set quite high. I believe our standards will result in long-term
lasting success for our salons and its staff. One drawback to our high
standards in a booth rental market is that it takes longer to staff our
newer locations in the initial stages. However, the end result is that our
stylists make more and our salons provide better service to our clients
then our competitors."
Our staffs commitment to excellent customer service and the Aveda 12 points
of difference discussed in this short video at
http://www.youtube.com/watch?v=joEeffVk13w&feature=related are key to
future growth prospects.
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 Lifestyle Salons,
http://www.landissalons.com, hair salon built around the world-class
AVEDA™ product line. For more information, visit
http://www.nexiaholdings.com and http://www.green-endeavors.com.
Nexia strongly encourages the public to read the above information in
conjunction with its Form 10-K for December 31, 2007 and the subsequent
quarter of 2008. Nexia's disclosures can be viewed at www.nexiaholdings.com
and www.sec.gov. Nexia ceased reporting with SEC in April 2009.
This press release reports information gathered on a preliminary basis for
select points in time. The numbers are not audited, have not been reviewed
by an independent accountant and are subject to change and further review
as more information is gathered. The information does not reflect costs of
operations and does not predict profitable operations for Nexia and its
subsidiaries. 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.