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Nexia Salon & fashion opts revenues up
08
Jan '08
Nexia Holdings Inc announced preliminary, estimated revenues for the Company's salon and fashion operations for the month of December 31, 2007 are $357,354 compared to revenues for the month of December 2006 of $350,990, an increase of $6,364 or 2%.

For the year ended December 31, 2007, estimated unaudited revenues from the salon and fashion operations are $3,141,540 compared to $2,132,633, a total increase of $1,008,907 or 47.3% ($145,200 of 2007 revenues are the results of sales from the Bountiful Landis salon acquired in August of 2007).

Total unaudited revenues for the Company for the year ended December 31, 2007 were $3.49 million, increasing 64.5% over the $2.12 million reported at year end 2006.

The December 2006 revenues include $21,258 for an additional salon acquired in August 2007. The year 2007 estimated revenues include $164,578 for the newly acquired salon before it was acquired in August 2007.

The year 2006 revenues include $481,893 for two companies before they were acquired in September 2006 and August 2007.

Revenues from the Black Chandelier operations for December of 2007 were $165,807 compared to $178,536 for December of 2006, a $12,727 or 7% decrease. Total estimated revenues for Black Chandelier for the year 2007 are approximately $1 million, a 50% increase over the prior year.

Richard Surber commented, "Our plans to improve Black Chandelier's sales over the next few months include increasing product density in our retail outlets and putting additional emphasis on our online promotions and marketing. We recently translated our site to Chinese, and have established manufacturing relationships in Asia.


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