Stockguru.com: Subjex Developed And Added Two New Forecasting Engines, While Other Companies Release Financial Results, Provide Updates To Investment Communities, Have Product Featured In News, And Complete A Preliminary Market AssessmentFriday February 23, 2007 11:12:06 EST
Dallas, Texas, Feb 23, 2007 (M2 PRESSWIRE via COMTEX News Network) --
StockGuru Mid-Morning Updates for Friday includes : Professional Business Bank (OTC BB: PBBK), Nexia Holdings, Inc. (OTC BB:NEXA), MM2 Group, Inc. (OTC BB: MMGP), DigitalPost Interactive, Inc. (OTC BB: DGLP), Subjex Corporation (OTC BB: SBJX), and NanoSensors, Inc. (OTC BB: NNSR).
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Nexia Holdings, Inc. (OTC BB: NEXA) - Thursday's market decreased 13.33% to $0.00100, with a total of 57,266,636 shares traded. The company provided an update to shareholders from Company CEO Richard Surber. Dear Valued Shareholder: I am pleased to report that Nexia is on the right track. As we near the close of the month of February, I am very impressed with our retail gross revenues. From February 1 to 20, 2007, retail sales totaled $189,662 compared to $67,931 for the comparable period in 2006, a 279% increase. This increase is attributed not only from additional locations, but also double digit percentage increase in comparable same stores. Strong year- over-year growth is particularly impressive considering retail apparel and beauty sales are generally low in the month of February. Founder and head designer of Black Chandelier Jared Gold is preparing to unveil his 2007 Spring Collection called "Nijinsky." Jared Gold's Spring Collection will be manufactured in multi-million dollar facilities located in both China and India. Clothing is made through high-tech computer designs that produce well-constructed garments for the discerning customer. Many styles will be made out of this season's highly sought after silk-like bamboo fiber. Bamboo fiber is a renewable resource that provides stability for commerce in developing countries. Our manufacturing partnerships will reiterate Black Chandelier's global fashion presence and compelling retail ingenuity. This will also secure production capacity as sales increase. As we expand into new locations coast- to-coast, outsourcing was a necessary step to either improve or maintain the quality and integrity of the Black Chandelier and Jared Gold labels, while minimizing costs. Black Chandelier's goal is to provide innovative designs at price points that are accessible to a wide range of consumers. Our newly appointed branding director Andy Montana will play an instrumental role in guiding our Black Chandelier retail concept into a national franchise on a profitable basis. In other news, Nexia's subsidiary Diversified Holdings, Inc. has realized about $200,000 over the last three days from the sale of a portion of its holdings in China Fruits Corporation (OTC Bulletin Board: CHFR). I sold a portion of the Company's portfolio securities to fund inventory production and development costs for spring inventory. I believe Nexia's upward revenue retail growth trend will continue and lead to enhanced shareholder value throughout 2007. Sincerely, Richard Surber CEO of Nexia Holdings, Inc. About Nexia Holdings Inc.