Nexia Entertainment Division Wraps Up Filming "The Kane Files"

SALT LAKE CITY, UT--(Marketwire - December 7, 2009) - Nexia Holdings, Inc. (PINKSHEETS: NXHD) is pleased to report that its subsidiary, Revel Entertainment, LLC, has completed the principle photography of its independent film "The Kane Files." Ben Gourley, writer and director, indicated, "The principle photography is the most extensive phase of the process in completing a film. In other words, the largest phase of production and the most costly phase of the movie making process is complete."

"The Kane Files" was written and directed by Ben Gourley. Mr. Gourley also wrote, produced, and starred in the feature film "Moving McAllister" and wrote, directed, and starred in the film "Repo." "The Kane Files" centers on character Scott Kane (Drew Fuller), a former assassin forced to re-enter his criminal life in order to save his dying son and wife, played by Whitney Able.

"The Kane Files" has an impressive cast consisting of: Drew Fuller ("Army Wives," "The Ultimate Gift"), Ethan Embry ("Eagle Eye," "Brotherhood"), William Atherton ("Lost," "Die Hard 1 & 2"), and William Devane ("Marathon Man," "Payback," "24").

Ethan Embry plays a cop stuck between a rock and a hard place when he finds himself tracking Kane. The local mobster, played by William Atherton, provides no help to Kane and instead double crosses the hero. William Devane plays the role of an FBI agent, hot on the trail of lead character Kane.

"The Kane Files" anticipated release date will be in 2010.

About Nexia Holdings, Inc.:

Nexia Holdings, Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, real estate, and health & beauty. Nexia's subsidiary, Green Endeavors, LTD (GRNE), www.green-endeavors.com, owns a majority interest in Landis Salons, Inc, www.landissalons.com, a hair salon built around the world-class AVEDA™ product line. For more information, visit www.nexiaholdings.com.

Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.