SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

July 14, 2010 08:30 ET

Nexia Updates Its Share Status

SALT LAKE CITY, UT--(Marketwire - July 14, 2010) -  Nexia Holdings, Inc. (PINKSHEETS: NXHD), a diversified holding company, reports that it has a total of 52,946,409 shares of common stock issued and outstanding. Of those shares, approximately seven million are held in street name by an estimated 3,000 individual shareholders. The balance is either restricted shares or held by shareholders (estimated holding of ten million shares) that are unable to deposit their shares with Cede & Co. through their brokers.

Since August of 2009, the Depository Trust Corporation (DTC) has refused to accept for deposit shares of the common stock of Nexia. Without any prior notice or due process, DTC has placed what is known as a "chill" on all such deposits. Nexia has provided all the information requested by DTC more than two months ago to remove the chill. DTC has not lifted the chill nor can Nexia obtain any explanation or basis for the existence of the chill. The Company is working to have the chill resolved and is exploring its various options.

Nexia's CEO, Richard Surber, noted that, "While the chill persists, it is my understanding that no additional shares can enter the public markets. The chill in effect has locked the current float in place until the unknown issue is resolved. The chill has damaged Nexia's ability to raise additional capital."

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

Nexia strongly encourages the public to read the above information in conjunction with its filings and disclosures in 2009 and 2010. Nexia's disclosures can be viewed at www.nexiaholdings.com, and www.pinksheets.com.