SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

August 14, 2009 16:05 ET

Nexia Eyes Additional Salon Locations

SALT LAKE CITY, UT--(Marketwire - August 14, 2009) - Nexia Holdings, Inc. (PINKSHEETS: NXHD), a diversified holdings company, through its subsidiary Green Endeavors Ltd. (PINKSHEETS: GRNE), is actively seeking to acquire additional salon locations. Nexia's CEO Richard Surber stated, "Our team has identified at least two potential salons that could be acquired before holiday season in 2009. The salons we are looking at are licensed to sell Aveda products."

Mr. Surber further stated that "The acquisition of the salons in question would increase revenues from salon operations by an estimated 60% in the short term and would double salon revenues within 24 months based upon my initial observations."

Nexia's subsidiary GRNE intends to purchase existing salons that are licensed to sell Aveda products with a combination of its securities, seller financing and a small cash component. GRNE has engaged several online resources and people in the salon industry to locate potential acquisition candidates. These sources have produced over a dozen potential acquisition candidates throughout the United States.

Mr. Surber noted that "The fact that our organization is publicly held is a key advantage over most other salon companies that wish to acquire additional salons. Our publicly traded companies may use their shares to acquire salons while preserving cash flows to improve operations. We can also grant stock options to our employees as a tool to both attract and retain the life blood of a salon -- its stylist and support staff."

The above efforts coupled with our staffs' commitment to excellent customer service and the Aveda 12 Points of Difference as discussed in this short video at http://www.youtube.com/watch?v=joEeffVk13w&feature=related are key to future growth prospects.

If you are a salon owner and have an interest in teaming up with our organization, please contact Richard Surber at hudconsult@aol.com.

About Nexia Holdings, Inc.

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

Nexia strongly encourages the public to read the above information in conjunction with its 2008 Annual Report which can be viewed at: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=22425. Additional Nexia disclosures can be viewed at www.nexiaholdings.com and www.sec.gov. Nexia ceased reporting with the SEC in April 2009.

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.