SOURCE: Nexia Holdings, Inc.

March 17, 2006 08:00 ET

Nexia Holdings, Inc. Featured on MacReport.Net

SALT LAKE CITY, UT -- (MARKET WIRE) -- March 17, 2006 -- Nexia Holdings, Inc. (OTC BB: NEXH) announced today that its president, Richard D. Surber and NEXH are featured on the MacReport.Net, a leading provider of online business and financial information. "The MacReport.Net is a powerful tool that will allow NEXH to increase its presence with investors and the Wall Street Community," stated Richard D. Surber.

The MacReport.Net takes a 3 dimensional approach to disseminate information and increase exposure to the Wall Street Community and potential investors by distributing releases through traditional channels, making contacts, and providing these releases to thousands of qualified investors. They also provide its members with their own unique interactive audio page within the MacReport.Net's heavily trafficked website. Richard D. Surber noted, "This opportunity allows investors to not only to read about NEXH, but to truly connect with us by seeing and hearing who we are and what NEXH's vision of the future is. This technology has taken NEXH's ability to distribute information to an exciting new and more personal level, allowing us to stay ahead of the curve in the highly competitive investment market." To listen to Richard D. Surber's presentation, go to the following link: http://www.publiccoreport.net/featured/NEXH/company.asp

Register online at www.macreport.net and existing shareholders or potential investors can track news and updates on NEXH, as well as ask questions or submit requests for additional information.

NEXH is a real estate holding company primarily involved in the acquisition, management, lease and sale of real estate. NEXH currently owns a variety of commercial and residential properties in Utah and other parts of the United States. NEXH seeks to locate and acquire undervalued real estate (primarily commercial properties) with little or no cash down payment. Once acquired, NEXH's real estate holdings are leased to commercial tenants. Though NEXH seeks to generate and maximize rental income through the management and lease of these properties, NEXH's primary goal is to acquire real estate which will substantially appreciate in value and from which it can realize a substantial gain upon the sale or lease of that property.

NEXH acquired in late 2005 a 20% interest in an Aveda lifestyle salon which NEXH management believes holds great promise for future expansion and generating positive returns on this investment. Current estimates for the salon for gross revenues are in excess of $1.8 million for the next fiscal year.

NEXH expects to double or even triple its real estate holdings using this proven model over the next several years. Raising capital to fund those acquisitions and seeking financing from traditional lenders is expected to provide the necessary resources, in addition to improving cash flows from the properties themselves, to fund the expansion of NEXH's real property holdings.

This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the safe harbor provisions of the U.S. federal securities laws. These include, among others things, statements about expectations of future business, revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to further develop its business, the company's ability to generate revenues, develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the company's services, competitive factors, new products and technological changes, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's amended registration statement on Form SB-2 filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.

Contact Information

  • FOR MORE INFORMATION, CONTACT:
    Richard Surber
    President
    801-575-8073 Ext. 106
    Fax: 801-575-8092
    or email hudconsult@aol.com

    Nexia Holdings, Inc.
    59 West 100 South, Second Floor
    Salt Lake City, Utah 84101
    OTC Bulletin Board Symbol NEXH