Nexia Holdings, Inc. (NXHD.OB) is “One to Watch”
Source: http://Blog.QualityStocks.net/?p=14026Posted on Friday, December 5th, 2008 | In Small & Micro Cap
Nexia Holdings, Inc. is a diversified holdings company with operations in health and beauty, fashion retail, and real estate. Currently, the company owns two salons, one retail store, one online retail store and three commercial properties.
The two salons, Landis Lifestyle Salon and Landis Salon, are both located in Utah. Landis Lifestyle Salon, located in Salt Lake City, is an Aveda™ Lifestyle Salon, while Landis Salon, located in Bountiful, is an Aveda™ Concept Salon. Nexia plans to grow the Landis brand to a national level with up to 5 locations in the Salt Lake region before executing a national expansion plan that could include franchise opportunities.
The retail store, operated by subsidiary Black Chandelier, sets itself apart from clothing giants such as The Gap, Hot Topic, and Target by offering eco-friendly fabrics, in-house sewers and silk screeners, and crazy models like Lisa D’Amato. The store was designed to be a tourist attraction that offers an innovative retail shopping experience.
Nexia also has more than a decade of experience acquiring undervalued properties in the area of Salt Lake City. The company’s existing portfolio includes the historic Wallace-Bennett Building (a 38,000 sq. ft. multi-story office building in Salt Lake City), a 7,000 sq. ft. one-story retail building on State Street in Salt Lake City, and 100,000 sq. ft. building on Sam’s Boulevard in Kearns. The company also owns seven small parcels of undeveloped raw land in Utah and Kansas.
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