SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

January 28, 2015 13:34 ET

Nexia Holdings to Reduce Authorized Shares

SALT LAKE CITY, UT--(Marketwired - Jan 28, 2015) - Nexia Holdings, Inc. (OTC PINK: NXHD) reports that it will take action to reduce its authorized shares by 20 Billion.

Mr. Richard Surber, CEO, noted, "The current authorized share structure is a remnant from the distant past. Nexia will consider further decreases in its authorized shares in the event the price of its common shares rises substantially and stabilizes at a higher level. The action to reduce the authorized shares should be completed by the end of the first quarter. My team continues its efforts to transform NXHD. The transformation is anticipated to include filing a registration statement to bring NXHD back to fully reporting status. Furthermore, if my forecast for 2015 plays out as I expect it to, NXHD has a real shot at up listing to NASDAQ small cap or similar exchange by the end of 2016. "

About Nexia Holdings, Inc.:
Nexia Holdings, Inc. (OTC PINK: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, health & beauty, and real estate. Nexia owns a majority interest in Green Endeavors, Inc. (OTC PINK: GRNE), www.green-endeavors.com, that operates Landis Salons, Inc. and Landis Salons II, Inc., www.landissalon.com, hair salons built around the world-class AVEDA product line. Through WG Productions Company and Redline Entertainment, Inc., Nexia produces and distributes independent films for its own account and third parties. WG Productions Company is also the majority owner of Slide the City, LLC and The Lantern Fest, LLC. See www.slidethecity.com and www.thelanternfest.com. Learn more at www.nexiaholdings.com.