Nexia Holdings, Inc. (NXHD.OB) Reports Financial Results of Salon Operations
Yesterday after the closing bell, Nexia Holdings announced its unaudited salon gross revenues for the year 2008 which totaled $2,113,943. Landis Salons, Inc., held by Green Endeavors Ltd. (GRNE.PK), a majority owned subsidiary of Nexia, saw revenues grow 4.2% compared to 2007 revenues of $2,025,281. The Salt Lake City Landis salon recognized revenues of $1,829,381 (unaudited) in 2008, a 2.7% decrease from 2007 revenues of $1,879,798. The Bountiful Landis Salon's revenues for 2008 were $284,562 (unaudited), an astonishing increase of 48.9% from 2007 revenues of $145,483; this salon was acquired by Nexia during August of 2007. Richard Surber, President and…