SALT LAKE CITY, March 16, 2011 /PRNewswire/ — Nexia Holdings, Inc. (Pink Sheets:NXHD.pk – News) the parent company of Green Endeavors, Inc. (OTCQB: GRNE), is proud to announce that its salon operations posted significant revenue growth in February 2011 over the same month in 2010.
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Combined total revenues for both locations were $210,190 in February 2011, compared to total revenues of $160,343 for the comparable month in 2010. The $49,847 increase represents 31% growth over salon revenues for February 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 were up about 5% at our flagship location for the month. Revenues for our newest location nearly topped sales for the month of December. Typically February is one of the lower revenue producing months and December is the top revenue producing month out of the year. We are on track to hit our revenue goals for 2011. Furthermore, I am diligently searching a method to fund our next salon location. I have indentified the prospective location and have had preliminary floor plans drafted in anticipation of securing the space.”
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (Pink Sheets:NXHD.pk – News), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, health & beauty, and real estate. Nexia owns a majority interest in Green Endeavors, Inc. (OTCQB: GRNE), www.green-endeavors.com, which operates Landis Salons, Inc. and Landis Salons II, Inc., www.landissalons.com, hair salons built around the world-class AVEDA™ product line. Through its newly acquired entertainment division, Revel Entertainment, Inc., Nexia has plans to acquire the rights to several independent films. For more information, visit www.nexiaholdings.com. Please join us on Facebook at: Landis Facebook, Nexia’s Facebook, and Green Endeavors Facebook.
Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.pinksheets.com. Nexia will require a significant influx of capital in order to effectively execute upon its various operational plans. The actual results that Nexia 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.
|FOR MORE INFORMATION, CONTACT:|
|Richard Surber, President|
|Nexia Holdings, Inc.|
|801-575-8073 x 106|