Nexia Holdings Inc. (OTCBB: NEXA), a diversified holding company with interests in the real estate, health and beauty, and fashion retail industries, reported record net sales results for its Black Chandelier and Landis Lifestyle Salons for the month ended April 2007, as well as total revenue including income from its real estate holdings for the first four months of 2007.Black Chandelier, an online and retail original clothing and accessory outlet, reported a 329 percent increase in net retail revenue to $338,821, up from $78,904 in the first four months of 2006. Four stores and online sales comprise the 2007 sales.
Net sales increased 219 percent to $70,844 for the month of April 2007 – for the single month in 2006, net sales were reported at $22,215. According to the press release, Andy Montana, branding director for Black Chandelier, focusing on long-term success and enhanced marketing efforts to increase traffic to the retail and online stores leveraged growth and revenue.
Black Chandelier’s positive financial news isn’t bound by just retail traffic. Jared Gold, designer of the Jared Gold Collection and Black Chandelier, outfitted the six “Divas” of WWE for the filming of Timbaland and The Hives’ “Throw it on Me” music video. Gold’s designs caught the attention of WWE executives at the Los Angeles’ Fashion Week in March, who later approached him for the opportunity.
Nexia Holdings’ Landis Lifestyle Salon reported a 53 percent growth in net sales to $570,004 in the first four months of 2007, as compared to $373,191 in the first four months of 2006. For the single month of April 2007, Landis net sales increased 34 percent to $144,907 from $107,951 in 2006.
Moving to its real estate interests, total rental income for three properties in Salt Lake City, grew 83 percent to $971,610 in the first four months of 2007, compared to $530,091 last year.
“Our net sales results continue to show impressive growth. Since November 2006, we have achieved consecutive month-to-month growth in revenues from Black Chandelier and Landis Lifestyle Salons, proving our strategies are working,” stated Nexia President Richard Surber, in the statement. “We are on track to meet or exceed overall sales projections of $3.2 million, including our rental properties, by year-end 2007.”
