Tuesday, January 04, 2011 9:58:50 AM
XHD News Landis Lifestyle Salon Revenues Top $245,000 in December 2010; Up 34% Over Comparable Month in 2009 Nexia Holdings, Inc. (Pink Sheets: NXHD) the parent company of Green Endeavors, Inc. (OTCQB: GRNE), is proud to announce that its salon operations posted record Holiday revenues for December 2010.(Logo: http://photos.prnewswire.com/prnh/ 20090206/ NE67358LOGO ) Combined net sales for both locations were $245,320 and gift card sales $15,078(which are not included as revenue until redeemed) in December 2010, compared to net sales of compared to net sales of $182,819 and gift card sales of $5,328 for the comparable period in 2009 The $62,501 increase represents a 34% climb over December of 2009. Richard Surber, CEO of Nexia Holdings, Inc., noted, "My team is setting the stage for the next Landis Lifestyle Salon. I am looking at a location in Draper, Utah where the median income exceeds $80,000 per household. I believe that the site has the potential to rival the revenues of our current flagship location, which is believe that the site has the potential to rival the revenues of our current flagship location, which is the top producing Aveda™ salon in Utah. We are already looking forward to hiring an additiona 40 stylists, as soon as financing and terms are agreed to for the third location." Mr. Surber continued"Sales at our flagship location were $189,885 for December 2010 compared to $165,765 for the"Sales at our flagship location were $189,885 for December 2010 compared to $165,765 for the comparable month in 2009. The $24,120 increase represents a 15% increase, even though a comparable month in 2009. The $24,120 increase represents a 15% increase, even though a portion of our staff moved over to the new location. The details show double digit gains for service, product, and gift card sales this Holiday season over 2009." Mr. Surber further stated, "Our newest Landis Lifestyle Salon location generated $55,435 in net sales in December plus gift card sales of $4,171 compared to November net sales of $46,777 and gift card sales of $3,620, which roughly equates to a 20% increase in sales over November. The newest location has posted sales increases of approximately 20% month over month since it opened in late September for total sales in 2010 of $155,398. The newest location's sales in December 2010 were over 220% more than the December 2009 sales of the non-performing Bountiful location that we closed. The newest location is only staffed up to 1/3 of its potential. So, we have a lot of room for growth in the coming years." Mr. Surber concluded, "I am very pleased with the performance of both our salons. Our Holiday promotions were a success. Furthermore, I am encouraged with our prospects for additional salon locations and the prospects for Nexia's entertainment division in 2011." 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 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. 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 Richarv 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. 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 Richarv Public Repl
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