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Nexia Expands Black Chandelier Retail Operations
By BusinessWire Last Update: 10/2/2006 8:30:23 AM Data provided by
SALT LAKE CITY, Oct 02, 2006 (BUSINESS WIRE) -- Nexia Holdings, Inc. (NEXH) announced today that its subsidiary, Gold Fusion Laboratories Inc. (GFL), executed a lease for a 1,504 square foot retail location in The Shops at Riverwoods, located at the southeastern corner of 4800 North Street and University Avenue in Provo, Utah. Architect Horn & Partners and a contractor, CRC Construction, have both been retained to complete the construction/renovation for the space. "We are focused on artistic build-outs that create a sense of wonder and function as tourist attractions," commented lead Black Chandelier designer, Jared Gold, on the company's plans to open at least 30 additional stores over the next five years. The Riverwoods opening is slated for early November, just in time for the holiday sales season. Revenues of $420,000 are anticipated for this location's first year of operation.
The plans for additional locations rolled out across the United States over the next 5 years and working with blue chip companies such as General Growth Properties (GGP) and Simon Property Group (SPG) has created a grand opportunity for Black Chandelier to bring its specialized vision and eccentric product directly to consumers. "I expect producing premier and high profile locations will contribute greatly to the success of Black Chandelier," stated Richard Surber, CEO of Nexia Holdings, Inc. Mr. Surber continued, "Black Chandelier is a more artistic alternative to retailers such as the Gap, Inc. (GPS). Nexia is becoming a major force in the retail clothing industry."
GFL currently operates 2 Black Chandelier retail locations in Salt Lake and a store on the web at www.blackchandelier.biz. Black Chandelier designs, produces, and manufactures a majority of the items sold under the trademarks: Black Chandelier, Jared Gold, Olfactory Surrealism and Pink Chandelier. The stores also carry merchandise from Wrangler Jeans, Le Sportsac, Taschen books, Lomography Cameras, and Tokidoki Italy. To find additional information about Black Chandelier go to www.blackchandelier.com.
Nexia is a holding company with real estate and retail operations. Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
This press release contains forward-looking statements that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Black Chandelier operation in a short period of time. The above statements further assume that Nexia can obtain at least $250,000 in additional capital over the next 30 days to execute expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the design and manufacture of Black Chandelier products. Nexia's assumptions are further contingent upon the appeal of its products and concepts to at least one major or national REIT or other retail shopping mall owner. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
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*********.com: As S3 Investment Company Files Notice of Late Filing, Other Companies Announce Liquidation of Subsidiaries, Receive Independent Valuations, Report Record Selling, Provide Information Statements and Financial Results
By M2 Last Update: 10/9/2006 8:24:23 AM
Nexia Holdings, Inc. (OTCBB NEXH) Friday's market went up 50.00% to $0.0003 per share, with a total of 39,873,230 shares traded. Nexia Holdings, Inc. announced its subsidiary, Gold Fusion Laboratories, Inc. ("GFL"), has received an independent valuation, as of August 31, 2006, reporting the fair market value of the assets and operations of Black Chandelier at $1,700,000. The valuation is based upon the discounted future earnings and discounted future cash flow of Black Chandelier. This valuation is expected to allow Nexia to increase its reported gross assets by $1,390,000 and net equity by approximately $900,000. The earlier acquisition and valuation of Landis LLC provided for estimated increases of gross assets by $1,065,000 and net equity by approximately $800,000.
Nexia Holdings, Inc., through its subsidiaries, engages in the acquisition, lease, and sale of real estate properties in the United States. It has ownership or leasehold rights to industrial, commercial, warehouse, office, and undeveloped commercial and residential real estate. The companys property portfolio comprises the Wallace-Bennett Building, a multistory office building located at Salt Lake city, Utah; a one story retail building located at Salt Lake city, Utah; and one office building located on West Sams Boulevard in Kearns, Utah. It owns approximately six small parcels of undeveloped raw land in Utah and Kansas. The company was incorporated in 1987 and is based in Salt Lake City, Utah.
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News for 'NEXH' - (Nexia Receives $250,000 Cash Infusion)
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 www.nexiaholdings.com,www.blackchandelier.com or www.sec.gov. 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.
Member Rated: posted October 26, 2006 08:34 -------------------------------------------------------------------------------- News for 'NEXH' - (Nexia's Sub Signs Lease with General Growth Properties)
SALT LAKE CITY, Oct 26, 2006 (BUSINESS WIRE) -- Nexia Holdings, Inc. (OTCBB: NEXH) announced today that its subsidiary, Gold Fusion Laboratories Inc. (GFL), executed a lease for a 1,455 square foot retail location in The Fashion Place Mall located on State Street in Murray, Utah. A five-year lease has been signed for this space and the opening of the retail outlet is expected to take place about December 1, 2006.
Richard Surber, Nexia's president, commented "We expect that this location will be a significant growth opportunity for the Black Chandelier line of products. I am projecting sales of $1.2 million at this location from its opening through December 31, 2007 and that this location will serve as a springboard for continue growth of the Black Chandelier operations."
The lease was executed at the corporate offices of General Growth Properties in Chicago (NYSE: GGP). The signing was preceded by a portfolio review of at least 30 other General Growth Properties' malls throughout the United States. Mr. Surber noted that, "The portfolio review went extremely well in my view. The meeting laid the groundwork for our national expansion plans. GGP's senior vice president told me that he was very impressed with our presentation."
GFL currently operates two Black Chandelier retail locations in Salt Lake and a store on the web at www.blackchandelier.biz. Black Chandelier designs, produces, and manufactures a majority of the items sold under the trademarks: Black Chandelier, Jared Gold, Olfactory Surrealism and Pink Chandelier. The stores also carry merchandise from Wrangler Jeans, Le Sportsac, Taschen books, Lomography Cameras, and Tokidoki Italy. To find additional information about Black Chandelier go to www.blackchandelier.com.
Nexia is holding company with real estate and retail operations. Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov. -------------------------------------------------------------------------------- Posts: 813 | Registered: Oct 2005 | IP: Logged |
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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I bought this a couple months back and held for a few weeks through solid PR's (this company is a PR machine) and assessments that the stock was seriously undervalued, but it just doesn't move. I don't know why, that's just the way it is.
You won't lose money (except transaction fees), but you are very unlikely to gain money.
-------------------- Me Trade Pretty One Day.
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Nexia Kicks Off Retail Revolution 11/01/2006 09:45 Nexia Holdings, Inc.'s (OTCBB: NEXH) subsidiary, Gold Fusion Laboratories Inc. (GFL), intends to change the way high fashion is brought to the public. This "Retail Revolution" will be launched on November 17th, 2006 in the historic Rio Grande train depot at the Gateway Mall in Salt Lake City, Utah. By holding one of the largest fashion runway shows in Salt Lake City's history, and the only of this format, Black Chandelier will transform the market for retail fashion. Jared Gold, Head Designer for Black Chandelier touts, "We decided that instead of holding a runway show in Los Angeles or New York, where fashion presentation is often out of reach for the vast number of our customers; we would bring high fashion to them, where they live. This concept will be duplicated as an integral piece of our marketing plan while we expand our retail locations nationally, over the next three years." Black Chandelier intends to throw these types of high-end glamorous events, open to the public, as clusters of stores open regionally during its expansion.
The runway show will feature three contestants from the CW's ratings juggernaut, "America's Next Top Model", as well as Myspace.com's highest connected profile personality Jeffree Star. The launch of Black Chandelier's Retail Revolution includes:
-- The grand opening of the company's third retail location in Provo, Utah at The Shops at Riverwoods shopping center.
-- The December unveiling of Black Chandelier's outrageous flagship location at Fashion Place mall in cooperation with General Growth Properties (NYSE: GGP).
-- The introduction of the Black Chandelier Luxury label, an affordable cashmere collection designed to be worn as street wear.
-- The public announcement of Black Chandelier's gargantuan national expansion plan. A plan that includes 50 or more new stores by 2010.
For more information on the runway show, to RSVP for the runway show, store openings, models and new products, please go to the company's website at www.blackchandelier.com. All media inquiries for event coverage should be directed to Pamela Kushlan at (801) 575-8073 x111.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
This press release contains forward-looking statements that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Black Chandelier operation in a short period of time. The above statements further assume that Nexia can obtain sufficient capital to execute expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the design and manufacture of Black Chandelier products on a substantially larger scale. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Wednesday November 1, 2006 12:16pm ET -- U.S. Markets Open
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-------------------- "What we have here is a failure to communicate".
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Nexia Begins Construction on GGP Property 9:45a ET November 7, 2006 (Business Wire) Nexia Holdings, Inc.'s (OTCBB: NEXH) subsidiary, Gold Fusion Laboratories (dba Black Chandelier), began construction of its soon-to-be flagship retail location in the Fashion Place Mall in Salt Lake City, Utah. The Fashion Place Mall is a General Growth Properties, Inc. (NYSE: GGP) property. CRC Construction began demolition of the space last night, with a completion goal of December 1, 2006. The estimated construction costs are $200,000.
Gold Fusion Laboratories Inc. (GFL) and its head designer, Mr. Jared Gold, have worked diligently with architects at Horn & Partners to re-engineer and perfect the build-out of the 1,440 square foot space. Mr. Gold comments, "This revolutionary retail environment features elevated floors, ramps, staircases, micro-merchandising environments, kinetic art, and custom built lighting that will convey Black Chandelier's retail points of difference. It will also tout a state of the art inventory control system, interactive displays, and a merchandising system that will sync with the online store. Even with all these advancements, the store will still feel warm and inviting. We are completely focused on helping customers explore Black Chandelier's inventive products."
Nexia's CEO, Richard Surber, notes, "I am very excited about our prospects with GGP. The opening of the Fashion Place Mall will be the first of hopefully many locations we intend to open with GGP throughout the United States. The Fashion Place Mall has the highest retail sales per square foot for a property of its size in Utah. I believe that we will generate sales in excess of $1 million dollars for the first 12 months of operation based upon retail stores of comparable size located within this mall."
Nexia will have a total of four Black Chandelier stores operating by the end of 2006. In addition to reviewing GGP's portfolio of properties, we are entertaining offers from Simon Properties, Inc (NYSE: SPG), Macerich Co. (NYSE: MAC), CBL & Associates Properties (NYSE: CBL), and other holders of prime retail properties.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
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News for 'NEXH' - (Nexia Announces Grand Opening in Provo)
SALT LAKE CITY, Dec 08, 2006 (BUSINESS WIRE) -- Nexia Holdings, Inc. (OTCBB: NEXH) announced today that its subsidiary, Gold Fusion Laboratories Inc. (GFL), will celebrate the opening of its new location in The Shops at Riverwoods, located at the southeastern corner of 4800 North Street and University Avenue in Provo, Utah with a ribbon cutting ceremony at 4:30 p.m. Friday, December 8, 2006. The Provo Chamber of Commerce will have a representative in attendance to help head designer Jared Gold with the ribbon cutting ceremony.
The public is invited to attend both the ribbon cutting and the grand opening party that will begin at 7:00 p.m. in the store location, that will include a performance by the Misfit Toys Band and pictures with the world renowned Hot Pink Santa.
Richard Surber, president of Nexia, and Jared Gold, head designer for GFL, both expressed their satisfaction with the new store's location and appearance, indicating their confidence in the positive feedback to the store's opening from the consumer market in the greater Provo area.
GFL currently operates 3 Black Chandelier retail locations in Salt Lake in addition to the store in Provo, Utah and a store on the web at www.blackchandelier.biz. Black Chandelier designs, produces, and manufactures a majority of the items sold under the trademarks: Black Chandelier, Jared Gold, Olfactory Surrealism and Pink Chandelier. The stores also carry merchandise from Wrangler Jeans, Le Sportsac, Taschen books, Lomography Cameras, and Tokidoki Italy. To find additional information about Black Chandelier go to www.blackchandelier.com.
Plans are underway to open at least 50 additional Black Chandelier retail locations throughout the United States over the next 5 years.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
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