SALT LAKE CITY, UT--(Marketwired - Jul 29, 2014) - Nexia Holdings, Inc. (
Other positive results from the report include:
- Net income for 2013 was reported at $977,712 primarily due to a gain on disposal of securities (a non-cash item) and a decrease in our losses from operations of $281,900 reflecting management's efforts to control expenses at every level.
- The revenue numbers reflect the solid performance of the Landis Lifestyle Salons that operate under Green Endeavors, Inc. (
PINKSHEETS :GRNE ) and the growth of the Company's consulting services. - The Company's holdings in the entertainment industry, including the recently concluded events by both Lantern Fest http://www.thelanternfest.com and Slide the City™ http://www.slidethecity.com, show real potential for continuing growth through expansion of the Company's operations and resulting revenues.
- Film related revenue for the year 2013 was almost $800,000.
Mr. Surber, CEO of Nexia Holdings Inc., observed, "We are setting the table for future growth. NXHD has discontinued or sold off unproductive operations, disposed of liabilities, started new lines of businesses, increased revenues, and redeemed various classes of securities. We will have current information on the OTC Markets within the week. The process has been long and hard. I expect the improvements to continue and accelerate in the coming months."
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.