Wall Street Reporter Magazine recently published an exclusive interview with Richard Surber, president and CEO of Nexia Holdings Inc introducing his company's unique portfolio of real estate and retail assets.
"The predominant focus right now is on Gold Fusion Laboratories, which is the company that owns our Black Chandelier clothing label," Mr. Surber tells Wall Street Reporter.
"The other focus is on Landis LLC, and Landis LLC owns the Landis Lifestyle Salon, which is the template that we're going to use to acquire as many of these salons as we possibly can."
Highlights include discussion of the following:
• How the company's growing consumer ventures doubled their revenue in the most recent reporting period.
• The Black Chandelier brand's potential as "an upscale Hot Topic" with unique design and "fantastic" expansion so far.
"We are looking to do a national expansion," Mr. Surber says, noting that meetings with mall operators have been universally positive.
• Plans to build out the Landis beauty salon concept into an Aveda-compliant environmentally friendly chain of up to 5-6 locations by year-end.
• Management's combined experience to achieve the company's multi-faceted objectives.
• Substantial real estate holdings throughout Utah.
"We're on track at a minimum to generate $3.2 to $3.4 million in gross revenues from the Landis-Black Chandelier operations and then other revenues probably total half a million," he tells WSR. "I think that's a pretty good start."
Nexia Holdings Inc
Nexia plans to build out Landis beauty salon concept by year-end
