SOURCE: Nexia Holdings, Inc.

July 19, 2007 09:15 ET

Nexia Retains Hansen, Barnett & Maxwell, P.C.

SALT LAKE CITY, UT--(Marketwire - July 19, 2007) - Nexia Holdings, Inc. (OTCBB: NEXA), a diversified holdings company with interests in health & beauty, fashion retail and real estate, announced today that it has signed a retention letter with Hansen, Barnett & Maxwell, P.C. to serve as Nexia's Certifying Accountant for the year ended December 31, 2007, including the interim periods ending June 30, 2007 and September 30, 2007. Hansen, Barnett & Maxwell, P.C. have an office in downtown Salt Lake City, Utah and will be in close physical proximity to Nexia's corporate offices and provide for ease in communication and the transfer of information between the accounting offices and the corporate offices of Nexia.

Richard Surber, president & CEO of Nexia Holdings, Inc., said, "I am very pleased with the agreement we have reached with Hansen, Barnett & Maxwell. They are a capable and experienced accounting firm with the proven ability to render timely and quality service to their varied clients. I look forward to years of working with this firm and insuring to the investing public reliable, accurate and timely reporting of the results of Nexia's activities."

About Nexia Holdings Inc.

Nexia Holdings Inc. (OTCBB: NEXA), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. 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, http://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 http://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 for the subsequent quarter during 2007. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.

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