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On-Time-Picks ^OTPicks.com MS NXHD Hello All And Welcome New Members, NXHD Puts Out Major Announcement On Settled Debt! The buzz surrounding NXHD is huge and the company just added fuel to the fire with a monster announcement! Nexia Holdings, Inc Settles Over $1.2M in Debt Year to Date Nexia Holdings, Inc. (NXHD) is pleased to report that it has settled an additional $375,000 in debt.
The Agreement will result in the release of a lien and the debt obligation of Nexia and Downtown Development, a wholly owned subsidiary. The debt was approximately $375k which was settled for a cash payment of $40k. Nexia will realize a onetime gain of about $335kfrom the settlement it has obtained in the fourth quarter of this year.
Richard Surber, CEO of Nexia, commented, “My team continues its efforts to strengthen NXHD`s balance sheet. We have settled in excess of $1.2 million in debt year to date. We have redeemed over a million dollars in convertible shares. I expect to make additional concrete measurable improvements over the coming months.” Richard Surber continued, “I am in the zone. My team is fired up. Nexia has shown strong growth in its top line revenues while wiping out liabilities for pennies on the dollar. My firm belief is that Nexia will only continue to improve over the coming months. The NXHD train is only just pulling up to the loading station.” _____________________________________________ Make Sure You Put NXHD On High Alert! _____________________________________________ Nexia Holdings, Inc., headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, health & beauty, and real estate. Nexia owns a majority interest in Green Endeavors, Inc. (: ), green-endeavors.com, which operates Landis Salons, Inc. and Landis Salons II, Inc., landissalon.com, hair salons built around the world-class AVEDA™ product line. Through WG Productions Company and Redline Entertainment, Inc., Nexia produces and distributes independent films for its own account and third parties. WG Productions Company is also the majority owner of Slide the City LLC and The Lantern Fest LLC.
NXHD is an exciting and potentially grossly undervalued diversified holdings company with more cash on hand then its actual market cap! The company has operations in entertainment, health & beauty, and real estate.
Here are some numbers you might want to take a peek at:
* Shares issued and outstanding: 45,419,512 * Revenues for 3 months ending June 30, 2014: $1.3+M * Net income: $238+K * Earnings per common share for 6 months ending June 30, 2014: .02 *
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