SOURCE: Nexia Holdings, Inc.

September 17, 2007 08:30 ET

Nexia Announces Retail Sales Growth Trend Continues in the Month of August

SALT LAKE CITY, UT--(Marketwire - September 17, 2007) - Nexia Holdings, Inc. (OTCBB: NEXA), a diversified holding company with operations in real estate, health & beauty and fashion retail, announced today its retail sales results (unaudited) for its Black Chandelier and Landis Lifestyle Salons ("Landis"), and income from Nexia's real estate holdings, for the month of August 2007.

Nexia's wholly owned subsidiary Gold Fusion Laboratories, owner of the Black Chandelier retail operations, reported retail sales increased 15% to $69,777 in August 2007 compared to sales of $60,860 in July 2007, and a decrease of 7% compared to $74,500 in August 2006. The Company attributed the slight year-over-year decline in Black Chandelier sales compared to last year due to major construction and renovation projects at the Gateway, Trolley Square and Fashion Place locations during 2007.

Richard Surber, president of Nexia Holdings, Inc., commented, "Black Chandelier is uniquely positioned at the intersection of high-fashion and utility. Jared Gold's latest collections, made from 100% renewable, eco-friendly bamboo and breathable combinations of lightweight cottons, are easily wearable, distinctive designs that are being very well received. With these new collections, we are confident we will continue our strong month-to-month upward sales trend in 2007."

Nexia's majority owned subsidiary Landis LLC, operator of the Landis Lifestyle Salon, reported retail sales increased 12% sequentially to $164,440 in August 2007 compared to $146,800 in July 2007. Year-over-year sales increased 28% compared to $128,000 reported in August 2006. On August 1, 2007, Landis acquired Reflections Hair & Image Studio ("Reflections"), which reported sales of $26,400 for the month of August 2007. On a pro-forma basis, including Reflections, Landis' total sales in the month of August were $190,840.

Surber commented, "I am especially pleased with our continued monthly sales improvements in our Landis operations, which includes our most recent acquisition of Reflections. We believe this addition to the AVEDA™-compliant family of hair and skin salons provides for accelerated revenue growth moving forward. We are excited to continue our expansion plans for Landis and have additional acquisitions in the pipeline for 2007."

Nexia reported income from its real estate operations totaled $18,670 for the month of August 2007, increasing 11% compared to $16,808 in the previous month and 43% from $13,095 reported one year ago. The Company's total revenues, including all subsidiaries, grew 30% to $279,287 in the month of August 2007 compared to total revenues of $215,595 reported in August 2006. For the first eight months of 2007, total revenues increased by 105% to approximately $1,955,800 compared to revenues of $953,680 reported during the same period of 2006.

About Nexia Holdings, Inc.

Nexia Holdings, Inc. (OTCBB: NEXA), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in health & beauty, fashion retail and real estate. The Company has been acquiring undervalued properties in the Salt Lake City area since the early 1990s. Nexia owns a majority interest in Landis Lifestyle Salon, www.landissalon.com, a hair salon built around the world-class AVEDA™ product line. Through its Gold Fusion Laboratories subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier is expanding nationwide, and currently operates four retail locations and online operations 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 Form 10-KSB for December 31, 2006 and 10-QSB for the quarter ended June 30, 2007. Nexia's Disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.

This press release reports information gathered on a preliminary basis for the month of August operations during 2007, 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 that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Gold Fusion Laboratories, Inc. operations in a short period of time. The above statements further assume that Nexia can obtain sufficient capital to execute expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the opening of additional Gold Fusion Laboratories, Inc. locations and fund proper merchandizing levels in retail outlets. Nexia's assumptions are further contingent upon Gold Fusion Laboratories, Inc. being able to properly staff its additional locations. 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.

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