News / Business
QualityStock's Smallcap Stock Clients - Nexia Holdings, Inc. (NEXA.OB) - 8/27/07
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Nexia Holdings (OTCBB: NEXA) is one of our highlighted companies this month. The company engages in the acquisition, lease, and sale of real estate properties in the United States. It owns 85% ownership interest in Landis, LLC, which operates an Aveda lifestyle salon located in Salt Lake City, Utah. The company also operates 4 retail clothing stores operating under the Black Chandelier label, in Trolley Square, Fashion Place Mall, and Gateway shopping centers located in Salt Lake City; and The Shops at Riverwoods located in Provo, Utah, as well as the on-line shopping site.
In our client’s news today,
Nexia Holdings announced that it has launched the Jared Gold Bamboo Collection and the Cut & Sew Black Chandelier Collection through its wholly owned subsidiary, Gold Fusion Laboratories.
The Jared Gold Bamboo collection is very unique for its 100% use of bamboo fiber. Bamboo is quickly gaining recognition in the fashion industry for its wearability, washability and sheer uniqueness. The fiber is made without the addition of additives and is completely biodegradable.
The Black Chandelier Cut & Sew Collection highlights 13 original styles and contains more than 5,400 units with an approximate retail value of $191,000. The entire collection is made of a cotton/lycra blend, which makes the garments exceptionally soft.
Andy Montana, Business Development and Branding Director for Black Chandelier, stated, “The new merchandise and upgrades are very exciting for our company. Black Chandelier’s focus on merchandise made from environmentally-friendly bamboo and easily wearable, breathable cottons put us ahead of other competitors in terms of uniqueness, quality and price. I haven’t seen anything in the market close to our designs and constructions at prices that appeal to a wide consumer audience.”
The company also announced that it will be updating its point-of-service operating system to streamline its retail business. The President of Nexia stated, “These upgrades can help us efficiently meet increased demand we anticipate for the Holiday 2007 season, as well as reach our goals to cost-effectively expand into the most attractive locations with the right inventory. Several new locations have been identified and fit within the Company’s objectives for sales and profitability.”
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