NEXA.OB traded over 65 million shares today and closed 50% above yesterday’s closing price. Recently the company announced that its gross revenues more than doubled for the quarter ended June 30th of this year compared to the same period last year.
Richard Surber, CEO of Nexia, stated, “I am anticipating a substantial increase in revenues as we prepare and head into the holiday sales season. I am currently working on obtaining a business line of credit that will allow Nexia’s Gold Fusion to purchase and/or manufacture upwards of $750,000 (retail value) in additional inventory.”
The company’s short term goals are to acquire three or more business before the end of this year, and produce $10 million in gross revenues by the end of 2008.
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