SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

June 17, 2009 08:02 ET

Nexia's Flagship Salon Reports Record Revenues for Month of May

SALT LAKE CITY, UT--(Marketwire - June 17, 2009) - Nexia Holdings, Inc. (PINKSHEETS: NXHD), a diversified holding company, announced that its flagship salon recorded record revenues for the month of May 2009. Nexia's CEO Richard Surber stated his belief that, "the increase in revenues at our flagship location for the month of May is an indication of improvements to come in 2009."

Nexia's flagship location reported revenues of $164,194 for the month of May 2009 compared to $149,194 for the comparable period in 2008, an increase of 10%. Mr. Surber added, "So far, our June 2009 gross revenues are looking better than June 2008."

Nexia's salon division is gearing up its hiring and marketing efforts to further boost sales in 2009. These efforts coupled with Landis Salons' staff commitment to excellent customer service and the Aveda 12 Points of Difference discussed in this short video at http://www.youtube.com/watch?v=joEeffVk13w&feature=related are key to future growth prospects.

Nexia is also in the process of bringing its financial information on pink sheets current and expects to post its 2008 year end results by the end of June. Nexia has paid all necessary fees to pink sheets and plans to keep its information current thereafter. The complete year end financial information will give a more complete picture of Nexia's financial condition.

About Nexia Holdings Inc.

Nexia Holdings Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate and health & beauty. Nexia owns a majority interest in Landis Lifestyle Salons, http://www.landissalons.com, a hair salon built around the world-class AVEDA™ product line. For more information, visit http://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 quarter of 2008. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov. Nexia ceased reporting with SEC in April 2009.

This press release reports information gathered on a preliminary basis for select points in time. The numbers are not audited, have not been reviewed by an independent accountant and are subject to change and further review as more information is gathered. The information does not reflect costs of operations and does not predict profitable operations for Nexia and its subsidiaries. This press release also contains forward-looking statements. 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. Investors should not invest more than they can afford to lose in penny stocks.