Introducing
Nexia Holdings, Inc
OTC Pink: (NXHD)
Nexia's Next Slide the City(TM) Event: Los Angeles, California -- September 28, 2014
2014-09-10 08:30 ET - News Release
SALT LAKE CITY, UT -- (Marketwired) -- 09/10/14
Nexia Holdings, Inc. (PINKSHEETS: NXHD), parent company of Slide the City, LLC, is proud to announce that its next Slide the City™ event is set to be held in downtown Los Angeles, California on September 28, 2014 from noon until five pm, with extended hours for our VIP Sliders. Our last event in Boise, Idaho attracted over 3,000 participants and international news coverage.
The LA event will take in account the use of water related to the event by partnering withgenerosity.org to help them end the clean water crisis in developing countries through the development of clean water sources. We are also trucking the water used in the event to Griffith Park to replace one day's use of potable water in the park. The event will be held in downtown Los Angeles at the intersection of Temple Street and Los Angeles Street. We are expecting a sold-out event. If you have not reserved your slide, visit our web site athttp://www.slidethecity.com and book now.
Slide the City™ is bringing 1,000 feet of soapy vinyl to brighten the last days of summer in LA. Did we mention 1,000 feet? Yeah, that's over 3 football fields. We wanted you to know that our slide was made right here in the good ole U.S of A and travels with us throughout the country.
Slide the City™ is a family friendly slip-and-slide water party event. There will be music, food, drinks, water, and of course the biggest slip and slide ever to hit asphalt. Don't worry, we got this thing padded. Bring your water balloons, buckets, floaties, and water guns (non-realistic of course), to squirt, spray, splash, and get all attending soaked.
Richard Surber, CEO of Nexia, stated, "The first two events in Boise, Idaho and Salt Lake City, Utah were both successful. Slide the City™ will conduct this event with an eye on the water shortages afflicting the southern California area and will work to conserve and recycle much of the water used to make this event a fun occasion. Slide the City™ is receiving worldwide interest and we are planning to open up various other cities around the globe to a Slide the City™ event."
Keep NXHD on your Radar!
NXHD is one of those stocks that has Fundamentals (Multiple Revenue Streams with Millions in Revenues). NXHD also owns 90% of its subsidiary Green Endeavors, Inc. (GRNE). Nexia Holdings also has an Entertainment Division that has subsidiaries responsible for the production and distribution of 17 full length feature films. One film, “The Kane Files”, received the Best Actor Award at the San Diego Film Festival in 2010. There are too many appealing attributes for NXHD to be trading under a penny, and for this reason alone you should put this ticker on your radar fortomorrow and be ready at the opening bell!
Nexia Holdings, Inc. (NXHD ), parent company of Green Endeavors, Inc. (NXHD ), has filed with OTCMarkets its annual report for the years ended December 31, 2013 and 2012 on July 25, 2014. Nexia is reporting solid revenue growth in 2013 over 2012 of 6.7% or $284,741 for total gross revenues for the year ended December 31, 2013 of $4.5 million.
Nexia Reports Revenue of $1 Million for the First Quarter of 2014
SALT LAKE CITY, UT--(Marketwired - Aug 4, 2014) - Nexia Holdings, Inc. (PINKSHEETS: NXHD), parent company of Green Endeavors, Inc. (PINKSHEETS: GRNE), has filed with OTCMarkets its quarterly report for the three months ended March 31, 2014 and 2013 on July 29, 2014. Nexia is reporting revenue of $1,009,666 in the first quarter of 2014, down from $1,128,945 for the first quarter of 2013.
The report also includes the following information:
- Net income for the quarter was reported at $917,213 primarily due to a gain of $1,000,000 on disposal of securities (a non-cash transaction).
- The revenue numbers continue to reflect the solid performance of the Landis Lifestyle Salons that operate under Green Endeavors, Inc.
- Film related revenue for the quarter was only $87,853 for the quarter due to a limited number of distribution contracts signed during the period.
Nexia Reports Revenue of $4.5 Million for Year End 2013
SALT LAKE CITY, UT--(Marketwired - Jul 29, 2014) - Nexia Holdings, Inc. (PINKSHEETS: NXHD), parent company of Green Endeavors, Inc. (PINKSHEETS: GRNE), has filed with OTCMarkets its annual report for the years ended December 31, 2013 and 2012 on July 25, 2014. Nexia is reporting solid revenue growth in 2013 over 2012 of 6.7% or $284,741 for total gross revenues for the year ended December 31, 2013 of $4.5 million.
Other positive results from the report include:
- Net income for 2013 was reported at $977,712 primarily due to a gain on disposal of securities (a non-cash item) and a decrease in our losses from operations of $281,900 reflecting management's efforts to control expenses at every level.
- The revenue numbers reflect the solid performance of the Landis Lifestyle Salons that operate under Green Endeavors, Inc. (PINKSHEETS: GRNE) and the growth of the Company's consulting services.
- The Company's holdings in the entertainment industry, including the recently concluded events by both Lantern Fest http://www.thelanternfest.com and Slide the City™ http://www.slidethecity.com, show real potential for continuing growth through expansion of the Company's operations and resulting revenues.
- Film related revenue for the year 2013 was almost $800,000.
About Nexia Holdings, Inc.:
Nexia, through its film subsidiaries WG Productions Company (FKA Revel Entertainment, Inc.) and Redline Entertainment, Inc., has established a foothold in the production and distribution of feature length films. WG is a film production company and Redline is a film distribution company. Nexia's intent is to step-up its efforts in producing and distributing its own independent feature length films, as well as performing production and distribution services for outside parties for fees.
Some notable films that WG and Redline have worked on include: The Kane Files, Scoot & Kassie's Christmas Adventure, K-9 Adventures: Legend of the Lost Gold, The Adventures of RoboRex, Love and Mary, Vamp U, Moving McAllister, Repo, The Crown and Dragon, and Pirates of the Great Salt Lake. Some of the notable actors that have starred in the above films include: Mila Kunis, Jon Heder, Jason Mewes, and Luke Perry. WG was recently retained to produce five films for a third party. Our team is currently working on the second film and we will release trailers for the films upon their completion. Depending on certain revenue recognition rules that we are currently researching, it is likely that our film revenues may exceed revenues from our other operations by 2015. Please see IMDB or our YouTube page at https://www.youtube.com/user/nexiaholdings to view trailers of the films.
Nexia's 90% owned subsidiary, Green Endeavors, Inc. (OTCQB: GRNE), is on track to release its annual results in its Form 10K by April 15, 2014. GRNE has grown its top line revenues every year since acquiring the Landis Lifestyle Salon operations. We will continue our efforts to increase same store sales while seeking additional locations. GRNE currently has three locations that hold the licenses to sell a full array of Aveda™ products. Aveda™ is a subsidiary of Estee Lauder Companies. Revenues for 2013 are expected to exceed $3.5M. GRNE posted a net profit for the quarter ended September 30, 2013. We are looking to raise at least $1M to acquire or build out additional locations. Our long term plan includes expansion outside of Utah.
Nexia's various real estate subsidiaries operate a 6,000 square foot retail property and 2 residential homes. Nexia will continue to look for additional promising properties to acquire.
Movie and Film Productions
Redline Entertainment is a subsidiary of Nexia. Redline works on the distribution of movies across multiple platforms to a worldwide audience. Often the films to be distributed are produced by WG Productions Company and Redline enters into contracts with various other producers and moviemakers for their projects. For the majority of such films and for worldwide markets Redline has a relationship with Highland Film Group which promotes the films for distribution at various film festivals and through private contacts. Contracts for the distribution of films in markets worldwide, including the Far East, Europe, Middle East, Africa and South America have been arranged and distribution fees earned through these efforts. Redline has agreements in place to insure the safety of payments/funding for distribution agreement throughout the world and to account for funds through the chain from source through to the return to the original producers of the project.
Redline has agreements for the distribution of the following movies that were not produced by WG Productions Company: Love and Mary, Vamp U, Osombie, Paladin: Dawn of the Dragon Slayer, Zombie Hunters, Saratov Approach, Inside, Dragon Warriors, Orc Wars, Mythica and Pirates of the Great Salt Lake
WG Productions Company (the “Company”) is an entity specializing in the production of feature length films. The Company develops, creates, and produces feature length films for consumption in worldwide markets. The Company is a wholly owned subsidiary of Nexia Holdings Inc.
Originally launched in 2005, the Company has developed significant ties with actors, agents, managers, and other entertainment companies in Los Angeles, CA. The Company has worked with stars Mila Kunis (Black Swan, Forgetting Sarah Marshall, That ‘70s Show), Jon Heder (Napoleon Dynamite, Blades of Glory, School for Scoundrels), Jason Mewes (Clerks, Mallrats, Jay and Silent Bob Strike Back), Rutger Hauer (Blade Runner, Batman Begins, Sin City), Luke Perry (Beverly Hills 90120, The Fifth Element, Jeremiah), Taylor Negron (The Last Boy Scout), Ariana Bagley (Scoot & Kassie’s Christmas Adventure) Drew Fuller (Vampire Clan, Charmed, Army Wives), Ethan Embry (Dutch, Vegas Vacation, Can’t Hardly Wait), William Devane (Rolling Thunder, West Wing, 24) Ben Browder (Farscape, Stargate SG-1), James Marsters (Buffy, The Vampire Slayer, P.S. I Love You, Angel), Katherine Heigl (Greys Anatomy, Knocked Up, New Year’s Eve, Life as We Know It, Killers), Ben Barnes (The Chronicles of Narnia; Prince Caspian, Stardust, Dorian Gray) Jes Macallan (Mistresses, The Football Fairy, Crash & Burn) and William Atherton (Ghostbusters, Die Hard, The Last Samurai).
In 2009, the Company became a wholly owned subsidiary of Nexia Holdings, Inc. and focused on producing films in Utah. The Company relocated to Utah bringing with it numerous contacts from Los Angeles, CA, yet capitalizing on Utah’s lower skilled labor costs and valuable state tax incentives
To date WG has produced five films and is working as the production services company on several more projects. The first film, Moving McAllister was created in 2006 and achieved a theatrical distribution in 2007. The film was distributed by First Independent Pictures and Magnolia Pictures. It starred Mila Kunis, Jon Heder, and Rutger Hauer.
REPO was completed in 2010. That film starred Jason Mewes, and Izabella Miko. REPO is the story of friendship, love, and a whole lot of pink slips changing hands.
The Kane Files was produced in 2011; it starred Drew Fuller, Ethan Embrey, William Devane, Whitney Able and William Atherton. Drew Fuller was awarded the Best Actor award at the Newport Beach Film Festival for his work in the film.
Distribution of WG Productions Company’s Films
In the film world, the key to selling films is distributing them. In November 2010, the Company entered into a strategic relationship with Highland Film Group, Inc. (“Highland”) through its related company Redline Entertainment Inc. to handle foreign distribution for WG’s films, to assist other production companies in developing new contacts for distribution, and to reduce the costs of hiring outside agents to distribute its films. Through Highland and WG’s affiliate Redline Entertainment; WG already has built in foreign representation and distribution channels for its films. This allows WG to quickly place its products with commercial distribution companies and derive revenue faster. It also caps sales commissions and other costly features of the distribution market.
The Company believes these strategic relationships give it a greater chance of success because they bring significant cost savings, create significant sales, and also provide new outlets for the sale of its films in the worldwide marketplace.
Utah State Tax Rebates/Credits
Utah has up to a 25% tax credit on all qualifying expenditures that exceed $1,000,000. (there are specific rules for this otherwise it is only a 20% tax credit In addition, there is a modified incentive which provides a 15% tax rebate on all qualifying expenditures made in the state of Utah on films produced for over $200,000. . Additionally, Utah sales tax and some other taxes are waived as part of the state’s film incentive package. WG plans to spend approximately $1,200,000-$1,500,000 (estimated) on qualified Utah expenditures, which include labor costs and production costs of the next three films WG intends to produce. WG anticipates it shall receive a rebate equaling between 20%-25% of this amount. Thus, WG expects to receive a rebate in the range of $240,000 up to $375,000 from the state of Utah. (we need to re-work this potentially)
Summary of Film Production Business
The Company believes it is in a unique position to be successful and continue to grow. It has strong ties to Los Angeles, CA, the epicenter of the film community. It has developed local relationships in Utah, which give it access to talented crews and state incentives that can recoup as much as 25% of the total amount spent to make a film. Its business plan fills a niche market and the Company has already demonstrated it is capable of making films that are high quality for low cost. In addition, the Company has entered several strategic relationships making its chance of success even more likely.
By investing in WG Productions Company, investors have several built in benefits, which increase the Company’s likelihood of success. First, the Company demonstrated with its previous titles that it can create high quality films for low cost. It has replicated this model consistently. Low costs limit an investor’s exposure and maximizes profitability. Second, rather than investing in one film, the investor has an opportunity to recoup their investment from multiple films, each one potentially capable of paying the full principal and interest back. Third, the Company will receive 20-25% of its Utah expenditures back in the form of a tax incentive. This provides a huge cushion for investors to ensure they get payment of their interest and principal returned timely.
The Company believes this niche formula it has created will allow it to produce multiple films over the next five years. As WG Productions Company grows its business and completes additional projects, the Company believes it has a reasonable expectation that all of its films will be profitable, and at least one of its films could potentially be a wildly successful and profitable venture that catapults the Company into a huge success story and set’s the company up to become a mini-studio and leader in film in the state.
Landis Salons offers services at two Aveda™ Landis Lifestyle Salons. At the Lifestyle Salons services are performed by a group of highly trained professionals who share an unparalleled passion for their craft, and who are dedicated to helping clients realize their fullest potential.
The salons feel a strong connection to environmental issues, and believe that environmental sustainability is the only responsible way of doing business. The Salt Lake salon is a member of the Salt Lake City Environmentally and Economically sustainable business program (e2), and is the only salon in Salt Lake with that distinction.
Both Landis Salons are Visionaries in the Rocky Mountain Power Blue Sky program (the highest level of participation possible). In 2013, our 50 blocks purchased for each salon supported a total of 120,000 kilowatt-hours of renewable energy. The benefit of our participation in 2013 is equivalent to 160,000 miles not driven or 1,762 trees planted.
The salons are partnered with Aveda™ because they share the Aveda™ passion for quality products and services that not only increase the beauty and renew the body and mind of its user, but protect the environment as well. Aveda™ products are made from the finest plant and flower ingredients, most of them are 97% - 99% naturally derived.
The Company has been acquiring undervalued properties in the greater Salt Lake City area since the early 1990's.
Nexia Holdings' existing portfolio of properties includes an investment interest in the historic Wallace-Bennett Building (a 38,000 sq. ft. multi-story office building in downtown Salt Lake City), as well as ownership of a 7,000 sq. ft. one-story retail building and adjacent lot on State Street in Salt Lake City. The company also owns seven small parcels of undeveloped raw land in Utah and Kansas. Nexia’s subsidiary, Wasatch Capital Corp., has expanded its portfolio in the area of residential properties. Its residential interests include two residential properties in central Salt Lake. These residential properties were acquired through Nexia’s Real Estate Acquisition Strategy.
The Company has put their money into the purchase of underperforming properties, and through the repair and upgrade of those properties they hope to increase their value and cash flow potential. Their objective is to acquire properties that will need only limited improvements in order to increase their occupancy, improve cash flow, and enhance potential resale value.
From time to time the Company will sell their properties when market conditions are favorable. The goal is to maximize profits and not necessarily to be landlords.
At The Lantern Fest, you join with thousands of other revelers, armed with lanterns representing their highest hopes, deepest regrets, or tiniest transgressions, and set them aloft in an offering to the Instagram gods. You’ll walk away with your record clean and smelling of Lemon Pledge and with memories burned with Lasik-like precision into your retinas.
