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Black Chandelier reaches $750,000 of $1.5M inventory goal
14 Nov '07
2 min read
Nexia Holdings Inc's wholly-owned subsidiary Gold Fusion Laboratories, announced thousands of new retail products are on the shelves of it's Black Chandelier stores.
The retail team of Black Chandelier is pushing hard to reach its goal of having at least $1.5 million in product just in time for the 2007 Holiday shopping season. Black Chandelier currently holds $750,000 worth of merchandise in preparation for the holiday sales season.
"I am confident that Black Chandelier will have another $250,000 in retail value of product by the 1st of December. The additional inventory is expected from our India manufacturer and other sources.
Efforts to finance an additional $250,000, in retail value of product, are on-going" stated Richard Surber, CEO of Nexia.
Nexia's retail team has concluded that much higher product density levels than last year is key to successful 2007 holiday sales.
A stellar retail season for Black Chandelier could be the event that catapults Nexia's Black Chandelier into becoming a national retailer.
Mr. Surber's belief is that fantastic revenues, followed by the completion of Nexia's offering document (SB-2 registration statement to raise up to $10M through an equity line of credit with Dutchess Private Equity) could be the tipping point that Nexia shareholders have been waiting for.
The retail team of Black Chandelier is pushing hard to reach its goal of having at least $1.5 million in product just in time for the 2007 Holiday shopping season. Black Chandelier currently holds $750,000 worth of merchandise in preparation for the holiday sales season.
"I am confident that Black Chandelier will have another $250,000 in retail value of product by the 1st of December. The additional inventory is expected from our India manufacturer and other sources.
Efforts to finance an additional $250,000, in retail value of product, are on-going" stated Richard Surber, CEO of Nexia.
Nexia's retail team has concluded that much higher product density levels than last year is key to successful 2007 holiday sales.
A stellar retail season for Black Chandelier could be the event that catapults Nexia's Black Chandelier into becoming a national retailer.
Mr. Surber's belief is that fantastic revenues, followed by the completion of Nexia's offering document (SB-2 registration statement to raise up to $10M through an equity line of credit with Dutchess Private Equity) could be the tipping point that Nexia shareholders have been waiting for.
Nexia Holdings Inc
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