Nexia's CEO's 2014 Letter to Shareholders
SALT LAKE CITY, UT -- (Marketwired) -- 01/24/14 -- Nexia Holdings,
Inc. (PINKSHEETS: NXHD) is pleased to release the following letter to
Over the last several years Nexia has focused its efforts on
redefining, restructuring and developing its operations. Nexia has
dissolved several subsidiaries, extinguished a substantial amount of
debt and restructured its preferred and common stock through retiring
large blocks of such shares. Efforts to improve Nexia's financial
position will continue through 2014.
My team expects to bring Nexia's financials' current with OTC
Markets. Once Nexia regains current status on OTC Markets, we will
look to bring Nexia back to fully reporting status with the
Securities and Exchange Commission. Our website is currently being
revamped and we expect to improve our online presence on our
Facebook, Twitter, YouTube and LinkedIn accounts upon completion of
retooling our site at www.nexiaholdings.com.
Nexia, through its film subsidiaries WG Productions Company (FKA
Revel Entertainment, Inc.) and Redline Entertainment, Inc., has
established a foothold in the production and distribution of feature
length films. WG is a film production company and Redline is a film
distribution company. Nexia's intent is to step-up its efforts in
producing and distributing its own independent feature length films,
as well as performing production and distribution services for
outside parties for fees.
Some notable films that WG and Redline have worked on include: The
Kane Files, Scoot & Kassie's Christmas Adventure, K-9 Adventures:
Legend of the Lost Gold, The Adventures of RoboRex, Love and Mary,
Vamp U, Moving McAllister, Repo, The Crown and Dragon, and Pirates of
the Great Salt Lake. Some of the notable actors that have starred in
the above films include: Mila Kunis, Jon Heder, Jason Mewes, and Luke
Perry. WG was recently retained to produce five films for a third
party. Our team is currently working on the second film and we will
release trailers for the films upon their completion. Depending on
certain revenue recognition rules that we are currently researching,
it is likely that our film revenues may exceed revenues from our
other operations by 2015. Please see IMDB or our YouTube page at
https://www.youtube.com/user/nexiaholdings to view trailers of the
Nexia's 90% owned subsidiary, Green Endeavors, Inc. (OTCQB: GRNE), is
on track to release its annual results in its Form 10K by April 15,
2014. GRNE has grown its top line revenues every year since acquiring
the Landis Lifestyle Salon operations. We will continue our efforts
to increase same store sales while seeking additional locations. GRNE
currently has three locations that hold the licenses to sell a full
array of Aveda(TM) products. Aveda(TM) is a subsidiary of Estee
Lauder Companies. Revenues for 2013 are expected to exceed $3.5M.
GRNE posted a net profit for the quarter ended September 30, 2013. We
are looking to raise at least $1M to acquire or build out additional
locations. Our long term plan includes expansion outside of Utah.
Nexia's various real estate subsidiaries operate a 6,000 square foot
retail property and 2 residential homes. Nexia will continue to look
for additional promising properties to acquire.
Our team is ready for a very successful 2014. I feel that we have
recreated Nexia and set the stage for success. Please stay tuned for
additional disclosures and press releases as we grow our operations.
CEO and Director
About Nexia Holdings, Inc.:
Nexia Holdings, Inc. (PINKSHEETS: NXHD), 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 Green Endeavors, Inc. (OTCQB: GRNE),
www.green-endeavors.com, which operates Landis Lifestyle Salons,
www.landissalons.com, hair salons built around the world-class
AVEDA(TM) product line and Aveda(TM) at City Creek.
www.avedaatcitycreek.com. Through its newly acquired entertainment
division, WG Productions Company and Redline Entertainment, Inc.,
Nexia has plans to acquire the rights to several independent films as
well produce independent feature length films for third parties and
for its own account. For more information, visit
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
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