SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

December 14, 2009 08:00 ET

Nexia's Salon Division Reports Revenues of $1,527,493 for the Nine Months Ended September 30, 2009

SALT LAKE CITY, UT--(Marketwire - December 14, 2009) - Nexia Holdings, Inc. (PINKSHEETS: NXHD), a diversified holding company, announces that its salon division's net sales for the three and nine months ended September 30, 2009 were $524,996 and $1,527,493, respectively.

Nexia's flagship salon located at 1298 South 900 East, Salt Lake City, Utah reported net sales of $1,408,741 for the nine months ended September 30, 2009, which is an increase of $10,399 or 1% over the same period in 2008. Net sales for the third quarter at the same flagship location showed an increase of 11.7% in 2009 over 2008, with net sales of $179,776 and $154,244 respectively.

Mr. Surber, CEO of Nexia, pointed out, "The revenue trend has been upward as the year has progressed. Our salons were off to a weak start during the first quarter of 2009 but have shown continued improvement from that point forward. Our problem child continues to be our location in Bountiful. Our Bountiful location posted net sales of $118,752 for the nine months ended September 30, 2009, compared to $244,629 for the same period in 2008. Preliminary numbers for the fourth quarter 2009 show improvement in both retail and service sales system wide. Recovery of our Bountiful location will be swift if we are able to hire a few additional stylists with good books of clientele 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 owns a majority interest in Landis Salons, Inc., http://www.landissalons.net, hair salons built around the world-class AVEDA™ product line. For more information, visit http://www.nexiaholdings.com and http://www.green-endeavors.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, www.sec.gov, and www.pinksheets.com. Nexia ceased being a fully reporting company in April 2009.

This press release reports information gathered on a preliminary basis for select points in time. The numbers are not audited, have not been reviewed by an independent accountant and are subject to change and further review as more information is gathered. The information does not reflect costs of operations and does not predict profitable operations for Nexia and its subsidiaries. This press release also contains forward-looking statements. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings 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.