SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

March 05, 2009 07:30 ET

Nexia Set to Acquire $500,000 of ARIO Preferred Stock

SALT LAKE CITY, UT--(Marketwire - March 5, 2009) - Nexia Holdings, Inc. (OTCBB: NXHD) reported that it has executed a Stock Exchange Agreement with AmeriResource Technologies, Inc. (PINKSHEETS: ARIO) to exchange 100,000 shares of Nexia's Series C Preferred Stock, with a stated conversion value of $500,000, for $500,000 of ARIO preferred stock. The closing on the exchange is expected to take place within the next week to 10 days. The investment in ARIO is the first of many transactions that Nexia expects to execute over the coming months.

Mr. Surber commented that, "I am involved in discussions with up to six other entities that are interested in carrying out similar exchanges with Nexia. Such exchanges will broaden the portfolio of companies in which Nexia holds an interest. My goal is to use Preferred shares in Nexia, in lieu of cash, to create a diversified portfolio of high risk securities with a face value that could exceed $20M in the coming months."

Mr. Delmar Janovec, CEO of ARIO, noted, "Stock swaps are relatively simple transactions to complete which require nominal cash outlays to effect. Stock swaps are a way to create a source of liquidity in 6 to 12 months from the date each transaction is closed. ARIO intends to rely on the recently modified Rule 144, set forth by the Securities and Exchange Commission, as a means to help finance its operations and improve its financial position."

Mr. Surber disclosed that, "I have assisted or affected many similar stock exchanges in the past and have seen companies convert their holdings into millions of dollars. In fact, a similar exchange is what initially financed Nexia Holdings when I first became president back in 1998. There are many great opportunities in the penny stock arena and I intend to seize them for the benefit of Nexia."

About Nexia Holdings, Inc.:

Nexia Holdings, Inc. (OTCBB: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia's subsidiary, Green Endeavors, LTD (PINKSHEETS: GRNE), www.green-endeavors.com, owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA™ product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates an online store 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-K for December 31, 2007 and the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.