Nexia Holdings’ wholly owned subsidiary, Gold Fusion Laboratories that operates its Chandelier retail stores, has just received 50% of its holiday inventory goal of 1.5 million. This enables Black Chandelier to add thousands of new items to their shelves in time for the start of the 2007 holiday shopping season. They expect $250,000 in inventory by December 1st and are seeking an additional $250,000 to get the rest of the inventory shipped from India before the end of the Holiday season.
Nexia’s CEO believes that an outstanding retail season for Black Chandelier, along with their approval of a SB-2 Registration agreement to raise 10 million through equity line of credit, could be the good news that Nexia shareholders are waiting for. However, the company recognizes that a key to further retail success will be having a high density line of products for the 2007 holiday shopping season.
Nexia Holdings Inc. is a holdings company situated in three segments, Real Estate, Health and Beauty, and Retail Fashion. It has been operating for 10 years freshly sharpening its focus on developing these three markets. CEO Richard D. Surber has served as an officer and director of a dozen small caps over the past decade and is very familiar with obtaining financing for small cap companies. His 5 year vision for Nexia is 50 million in annual sales by 2010 and eventually becoming a national retailer.
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