SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

January 13, 2015 16:15 ET

Nexia's CEO Reaffirms 2015 Revenue Statement

SALT LAKE CITY, UT--(Marketwired - Jan 13, 2015) - Nexia Holdings, Inc. (OTC PINK: NXHD) is pleased to reaffirm its forward looking statement that its gross revenues should approach $10M on a consolidated basis for the fiscal year ending 2015.

Nexia's CEO, Richard Surber, recently stated the following, "I expect record results for our entertainment and health & beauty divisions in 2015. We very well could be knocking on the door of generating in excess of $10M in consolidated gross revenues in 2015. Our Landis Salon operations are also set for record revenues in 2015. It is a very exciting time for Nexia and its shareholders."

Nexia appears to be on track to generate about $4.5M for the year ended December 31, 2014, with an estimated $3.3M of those revenues being generated by Green Endeavors. Nexia expects its newest operations will experience a steep growth curve in 2015.

Mr. Surber reiterated, "In 2014, we made good on nearly all of the expectations laid out in our shareholders letter. Nexia obtained current status on the OTC Markets, eliminated over $2.5M in convertible preferred, and settled out over $900K in liabilities on a consolidated basis. We also entered the event business while eliminating less productive subsidiaries. The number of shares in CEDE & Co available to trade freely is under 38M shares as of today."

About Nexia Holdings, Inc.:

Nexia Holdings, Inc. (OTC PINK: NXHD 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, which 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. For more information on our events, see www.thelanternfest.com and www.slidethecity.com. Learn more about Nexia at www.nexiaholdings.com.

Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.otcmarkets.com. Nexia will require a significant influx of capital in order to effectively execute upon its various operational plans. The actual results that Nexia may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Investors should not invest more than they can afford to lose in penny stocks.