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PR for AFTERHOURS and THURSDAY 10/12
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[QUOTE]Originally posted by J_U_ICE: [QB] NEXH .0003 Nexia Receives $250,000 Cash Infusion Business Wire - October 12, 2006 8:02 AM (EDT) SALT LAKE CITY, Oct 12, 2006 (BUSINESS WIRE) -- Nexia Holdings, Inc. (OTCBB: NEXH) announced that it has received a short term loan in the amount of $250,000 from a wealthy individual that believes in the Black Chandelier product. Nexia's Black Chandelier retail operations will use the bulk of the funds to produce goods in time for 2006 holiday sales. Richard Surber, president of Nexia Holdings, Inc., commented that, "The receipt of these funds will enable us to fill our existing two Black Chandelier locations and the additional two locations, scheduled to open on November 1 and December 1 of this year." Nexia's subsidiary Gold Fusion Laboratories recently contracted with offshore manufacturing in anticipation of significantly scaling up operations to carry out the expansion of stores. This year will mark the roll out of Black Chandelier Luxury, which will consist of cashmere t-shirts and hoodies produced for Black Chandelier at the prestigious Horizon Cashmere Co. production facility located in Shanghai, China. In addition, this holiday will also mark the launch of the Black Chandelier candle collection, known as "Olfactory Surrealism." Our stores will carry the new Imaginary Botanicals line designed specifically for this holiday. Black Chandelier will be scaling up in-house manufacturing and will also have the stores stock up on unique items such as Lomography cameras, Comme des Garcons perfumes, Taschen books, Le Sportsac, Wrangler 47, Poketo, Tarina Tarantino jewelry, and the all new Kill City denim line from Los Angeles. Jared Gold, head designer and founder of the Black Chandelier label stated that "I expect robust sales for the holiday period, which should exceed $800,000 between now and year end." Mr. Gold went on to comment that "these initial stores are the catalyst for a nationwide roll out of Black Chandelier stores over the coming years. We are on our way to making Nexia a retail fashion powerhouse." Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and the Form 10-QSB for June 30, 2006. Nexia's disclosures can be viewed at [URL=http://www.nexiaholdings.com,]www.nexiaholdings.com,[/URL] [URL=http://www.blackchandelier.com]www.blackchandelier.com[/URL] or [URL=http://www.sec.gov.]www.sec.gov.[/URL] Nexia is a high risk security known as a penny stock and may not be suitable for some investors. This press release may contain forward-looking statements that are based on a number of assumptions, including a strong reception for Black Chandeliers products from retail consumers. Although Nexia Holdings believes these assumptions are reasonable, no assurance can be given that they will prove correct. These forward-looking statements involve a number of risks and uncertainties, including the completion of certain good being manufactured offshore and delivered to our stores in a timely fashion. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. SOURCE: Nexia Holdings, Inc. Nexia Holdings, Inc. Richard Surber, President, 801-575-8073 ext. 106 Fax: 801-575-8092 E-mail: RichardSurber*nexiaholdings.com Copyright Business Wire 2006 [/QB][/QUOTE]
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