Nexia's Flagship Salon Reports Record Revenues for Month of May
| Source: Nexia Holdings, Inc.
SALT LAKE CITY, UT--(Marketwire - June 17, 2009) - Nexia Holdings, Inc. (PINKSHEETS : NXHD ),
a diversified holding company, announced that its flagship salon recorded
record revenues for the month of May 2009. Nexia's CEO Richard Surber
stated his belief that, "the increase in revenues at our flagship location
for the month of May is an indication of improvements to come in 2009."
Nexia's flagship location reported revenues of $164,194 for the month of
May 2009 compared to $149,194 for the comparable period in 2008, an
increase of 10%. Mr. Surber added, "So far, our June 2009 gross revenues
are looking better than June 2008."
Nexia's salon division is gearing up its hiring and marketing efforts to
further boost sales in 2009. These efforts coupled with Landis Salons'
staff 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.
Nexia is also in the process of bringing its financial information on pink
sheets current and expects to post its 2008 year end results by the end of
June. Nexia has paid all necessary fees to pink sheets and plans to keep
its information current thereafter. The complete year end financial
information will give a more complete picture of Nexia's financial
condition.
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, a hair salon built around the world-class
AVEDA™ product line. For more information, visit
http://www.nexiaholdings.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.