SALT LAKE CITY, UT--(Marketwired - Aug 4, 2014) - Nexia Holdings, Inc. (
The report also includes the following information:
- Net income for the quarter was reported at $917,213 primarily due to a gain of $1,000,000 on disposal of securities (a non-cash transaction).
- The revenue numbers continue to reflect the solid performance of the Landis Lifestyle Salons that operate under Green Endeavors, Inc.
- The Company's holdings in the entertainment industry, including the events held during the second quarter by both Lantern Fest http://www.thelanternfest.com and Slide the City™ http://www.slidethecity.com, show great promise for additional event, during the balance of 2014.
- Film related revenue for the quarter was only $87,853 for the quarter due to a limited number of distribution contracts signed during the period.
Mr. Surber, CEO of Nexia Holdings Inc., commented, "We have many irons in the fire. I believe that first quarter results are just the tip of the iceberg. Revenues from our Lantern Fest and Slide the City™ events will not show until third quarter. I am excited to see what the remainder of the year holds for Nexia. The exposure alone should prove to be very beneficial for Nexia."
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (
Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.otcmarkets.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.