Nexia CEO says stock split will help boost awareness

Richard Surber, chief executive officer of Nexia Holdings Inc., based in Salt Lake City, told shareholders in a note this month that an upcoming stock split and other actions are designed "to make the market take notice of Nexia."

Surber said the company's 1-for-100 stock split likely will be effective by Dec. 14 and that its Landis Lifestyle salon operations will be under new subsidiary Green Endeavors Ltd. by year-end. Nexia will distribute a stock dividend once Landis becomes publicly traded under Green Endeavor's ownership, he said.

Nexia is a holdings company with operations in real estate, health and beauty and fashion retail. It owns a majority interest in Landis Lifestyle Salon and operates four Black Chandelier retail locations and an online store.