SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

April 08, 2010 08:30 ET

Nexia's Revel Entertainment Acquires Interest in "Repo: The Movie"

SALT LAKE CITY, UT--(Marketwire - April 8, 2010) -  Nexia Holdings, Inc. (PINKSHEETS: NXHD) is pleased to announce that its wholly owned subsidiary Revel Entertainment, LLC has acquired an interest in Fast Car Entertainment, LLC whose sole asset is "Repo: The Movie." Revel acquired a 5.5% interest in Repo in exchange for the issuance of 36,500 shares of its restricted Series C Preferred Stock from two holders of investment interests in the Repo project. The estimated value of the transaction is approximately $182,500.

"Repo: The Movie" is Ben Gourley's directorial debut. Mr. Gourley is emerging as a genuine multi-talented force in Hollywood with writing, producing, acting, and directing all on his resume. Mr. Gourley is the managing member of Revel Entertainment.

Richard Surber, Nexia's CEO, stated, "The acquisition of our interest in Repo is just the beginning of our plans to assemble a film library that I believe can generate income well into the future. My understanding is that the management of Fast Car Entertainment is on the verge of securing foreign and domestic distribution rights that may yield significant future gains on Nexia's investment. Nexia will be setting its sights on acquiring and producing additional independent films that we believe will have significant upside potential."

"Repo: The Movie" is a story of two friends who want out of the repo business and hatch a harebrained scheme to steal all the cars they repossess. The film stars Jason Mewes, Izabella Miko, and Lindsey McKeon and will be released later this year.

To view a Repo Trailer click the link below: http://www.nexiaholdings.com/index.php?option=com_content&view=article&id=3&Itemid=5&lang=en and click on the screen; or visit www.nexiaholdings.com in Our Companies tab of Revel Entertainment.

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, real estate, and fashion retail. Nexia owns a majority interest in Green Endeavors, Ltd. (GRNE), www.green-endeavors.com, which operates Landis Salons, Inc., www.landissalons.com, hair salons built around the world-class AVEDA product line. Through its newly acquired entertainment division, Revel Entertainment, LLC, Nexia has plans to acquire the rights to several independent films. Through its subsidiary Style Perfect, Inc., Nexia also has limited operations in the fashion industry through its design label Black Chandelier. It is currently revamping its online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com.

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.