Click here to close now.




















Welcome!

News Feed Item

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 its shareholders:

Dear Shareholders:

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 films.

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™ products. Aveda™ 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.

Sincerely,

Richard Surber
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™ product line and Aveda™ 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 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...