SALT LAKE CITY, March 22, 2011 /PRNewswire/ -- Nexia Holdings, Inc.'s (PINKSHEETS: NXHD) subsidiary Redline Entertainment, Inc. has signed a contract for the license rights to the foreign distribution of the feature length film Paladin. This makes a total of five films for which foreign distribution rights have been obtained by Nexia's entertainment division.
Richard Surber, Nexia's CEO, said, "I am excited about the success we are experiencing with our efforts to expand our film rights library for foreign distribution. If Redline continues to accumulate licensing rights at this pace, I expect Nexia to be in a very good place in a relatively short period of time. The result will be substantial additional streams of income in addition to the films produced directly by Revel."
The movie Paladin was shot on location in Ireland and is a dragon focused fantasy adventure film. The film was directed by Anne Black and stars Nicola Posener, Ian Cullen, and Philip Brodie. Efforts to market the film began at the Berlin Film Festival in mid-February and negotiations are ongoing with German and UK distributors. Ongoing efforts to market all five films will continue at the Cannes Film Festival that will take place from May 11-22, 2011 Cannes Festival Web Site.
The agreement with the producers of Paladin, Fantasy Feature Funding One LLC, includes the right to a second dragon movie The Virgin and the Warrior that is scheduled to begin shooting in April of this year. The level of interest in both of these projects by the foreign distributors markets is very high and has generated significant interest in these projects as Revel develops it film library for foreign distribution.
Nexia's wholly owned subsidiary Revel Entertainment, Inc. owns a majority interest in Aesop Pictures LLC, which owns The Kane Files and a minority interest in Repo. The Kane Files was filmed exclusively in the State of Utah. The film stars Drew Fuller (Winner of the Best Actor Award at San Diego Film Festival in 2010), Ethan Embry, William Atherton, and William Devane.
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (PINKSHEETS: NXHD), 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. (GRNE), www.green-endeavors.com Green Endeavors Facebook, which operates Landis Salons, Inc. and Landis Salons II, Inc., www.landissalon.com Landis Salons Facebook, hair salons built around the world-class AVEDA™ product line. Through its newly acquired entertainment division, Revel Entertainment, Inc., Nexia has plans to acquire the rights to several independent films. More information can be found by visiting www.nexiaholdings.com, Nexia Holdings' Facebook, Multivu Link or visit The Kane Files Facebook. For more information on Richard Surber and Nexia Holdings and its subsidiaries, please visit the following: Hotfrog, Manta, Biznik, Xing, and Viadeo.
Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.pinksheets.com. Nexia will require a significant influx of capital in order to effectively execute upon its various operational plans. The actual results that Nexia may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Investors should not invest more than they can afford to lose in penny stocks.
FOR MORE INFORMATION, CONTACT:
Richard Surber, President
Nexia Holdings, Inc.
801-575-8073 x 106
SOURCE Nexia Holdings, Inc.