During the second quarter of 2007, Gold Fusion established relationships with China and India-based manufacturers that offer flexible and scalable production facilities to deliver inventory to Gold Fusion into the foreseeable future.
Richard Surber, CEO of Nexia, commented, "These types of relationships are key to Gold Fusion being able to ramp-up operations upon obtaining additional funding to fuel our aggressive retail expansion plans."
Surber continued, "I am anticipating a substantial increase in revenues as we prepare and head into the holiday sales season. I am currently working on obtaining a business line of credit that will allow Nexia's Gold Fusion to purchase and/or manufacture upwards of $750,000 (retail value) in additional inventory."
"Subsequent to the second quarter of 2007, Nexia acquired the second of many existing salons in the U.S. that exclusively sell and adhere to AVEDA operational guidelines, an early pioneer in eco-friendly practices."
"We believe the environmentally conscious consumer is the wave of the future, and the roll-up of AVEDA salons prepares us to capitalize on one of the fastest growing trends in the world's health and beauty industries," said Surber.
"Anthony Newby, our newly appointed Marketing Director; Sean Pasinsky, Director of Business Development; Matthew Landis, Founder and Senior Stylist of Landis Salons, and myself are strategically laying the groundwork to acquire existing aswell as new salon locations in the U.S."
"It is possible that Nexia will acquire three or more additional locations before year's end. Our goal is to generate upwards of $10 million in gross revenues by the end of 2008, if we are able to successfully acquire the salon locations that we are currently in preliminary negotiations with by December 31, 2008," added Surber."I would venture to say that Nexia Holdings is the best sub-penny opportunity on the OTCBB, despite my obvious bias."
marketing@alchempro.com
