SOURCE: Nexia Holdings, Inc.

Nexia Holdings, Inc.

July 26, 2011 10:48 ET

Nexia's Redline Signs Contract for Foreign Distribution Rights to the Feature Length Film: "The Virgin and the Warrior"

SALT LAKE CITY, UT--(Marketwire - Jul 26, 2011) - Nexia Holdings, Inc.'s (PINKSHEETS: NXHD) subsidiary, Redline Entertainment, announces that it has signed an exclusive Sales Agency Agreement with Dragon Film II, LLC to sell the worldwide rights for the film currently entitled "The Virgin and the Warrior." This agreement is a direct result of the work done on the previous film completed by some of the same producers of the film "Dawn of the Dragon Slayer," which is also under contract with Redline. Several contracts for distribution are pending signature for foreign territories.

The Sales Agency Agreement represents Redline's sixth film that it has under contract in its first year of operation. The other movies include: "Dawn of the Dragon Slayer," "The Kane Files," "Dr. Limptooth," "Love and Mary," and "Pirates of the Great Salt Lake." Redline will continue its efforts at upcoming markets, festivals, and with worldwide distribution companies to contract for the best distribution possible for the films it is currently marketing. If Redline can market and license multiple films, it should produce multiple steady revenue streams.

Nexia CEO, Richard Surber, commented, "Each sales agency agreement Redline signs should mean revenue streams on a regular basis over the term of each agreement, which ranges from 3 to 10 years. We are laying the foundation for substantial revenue gains in the coming months and years. We have picked up 6 deals over the course of a relatively short period of time. We are looking to sign many additional sales agency agreements, along with producing additional feature length films over the next 12 months."

"The Virgin and the Warrior" was shot on location in Ireland, as was the previous dragon movie "Dawn of the Dragon Slayer," and has concluded its principal photography. The film is based on the script written by Kynan Griffin, Anne Black, and Justin Partridge and is directed by Anne Black; the film stars Amy De Bhrun, David Haydn, and Tim Treloar.

About Nexia Holdings, Inc.

Nexia Holdings, Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, health & beauty, and real estate. Nexia owns a majority interest in Green Endeavors, Inc. (OTCQB: GRNE), www.green-endeavors.com Green Endeavors Facebook, which operates Landis Salons, Inc. and Landis Salons II, Inc., www.landissalon.com Landis Salons Facebook, hair salons built around the world-class AVEDA product line. Through its newly acquired entertainment division, Revel Entertainment, Inc., Nexia has plans to acquire the rights to several independent films. More information can be found by visiting www.nexiaholdings.com, Nexia Holdings' Facebook, Multivu Link, or visit The Kane Files Facebook.

Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.pinksheets.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.