SOURCE: Nexia Holdings, Inc.

March 28, 2007 13:14 ET

Nexia's Black Chandelier Launches First Installment of New Retail Merchandise

SALT LAKE CITY, UT -- (MARKET WIRE) -- March 28, 2007 -- Nexia Holdings, Inc. (OTCBB: NEXA), through its wholly owned subsidiary Gold Fusion Laboratories, is pleased to announce Black Chandelier has launched its first installment of new merchandise. Beginning April 1, 2007, Black Chandelier retail stores and the web store http://www.blackchandelier.com will receive nearly a half a million dollars of new merchandise amounting to approximately 8,000 items. Shipments will continue through this summer.

Black Chandelier is committed to a quick turnover of new inventory through the introduction of "mini-collection" launches that happen roughly every 30 days. "An infusion of fresh, monthly design concepts will change each store's appearance and add a new vibe to the overall shopping experience. A creative viewpoint every month, combined with a quick production turnaround, are what really set us apart from any other retailer. Our ultimate goal is to keep ahead of shoppers and their fickle fancies," said Head Designer and Founder of Black Chandelier Jared Gold.

CEO of Nexia Holdings, Inc., Richard Surber, stated, "Mini-collections are a great way to boost sales on a month-to-month basis as well as increase traffic to Black Chandelier stores. Combined with our scheduled new store build-outs, additional production alliances, and the constant march of fresh products, Black Chandelier is on track to develop a strong revenue stream for Nexia."

One of the highlights of Black Chandelier's Deep County Sorcerer is the arrival of the 100% combed cotton T-shirts, dresses and sweatshirts manufactured for Black Chandelier in India. Designer Jared Gold commented, "We needed something more, something special to fill our top selling category. Customers were becoming wary of the mass produced blanks used previously. Our new items are truly special now." The designs feature perfected fits, military inspired styling and for the Deep County Sorcerer, some surprise blasts from the past, including beaded t-shirts, terry running shorts and flounce neck disco dresses with a giant leaping unicorn. All items are covered with the Black Chandelier gold standard artwork: screen-prints with dark humor and historically inspired visuals.

Richard Surber, CEO of Nexia Holdings, Inc., said, "This show, and other celebrity-packed events that we have planned, will help us build the Black Chandelier brand into the next retail craze. We are setting the stage for national expansion of our lifestyle concept, both through our retail stores and online at www.blackchandelier.com."

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, 2005 and for the subsequent quarters during 2006. Nexia's Disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.

This press release contains forward-looking statements that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Gold Fusion Laboratories, Inc. operations in a short period of time. The above statements further assume that Nexia can obtain sufficient capital to execute expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the opening of additional Gold Fusion Laboratories, Inc. locations. Nexia's assumptions are further contingent upon Gold Fusion Laboratories, Inc. being able to properly staff its additional locations. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

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