SOURCE: Nexiasoft, Inc.

October 10, 2006 11:33 ET

Nexiasoft, Inc.: Danny Maco Joins Nexiasoft as Vice President of Corporate Development

SAN FRANCISCO, CA -- (MARKET WIRE) -- October 10, 2006 -- Nexiasoft, Inc. (PINKSHEETS: NXSF), a holding company which invests in convergent e-commerce technology companies, announced today that it has appointed Danny Maco as VP of Corporate Development.

"Nexiasoft's success will be greatly influenced by its ability to identify and access strategic opportunities through partnerships and acquisitions," stated Kevin Owens, CEO of Nexiasoft, Inc. "Mr. Maco's years of experience in the industry and extensive network of relationships across complimentary sectors will prove itself invaluable in helping Nexiasoft to structure its future."

Danny Maco will be joining Nexiasoft, Inc. (NXSF) as Vice President of Corporate Development. Mr. Maco has over 20 years of experience in engineering and technology. As the former Director of Consulting Services for the Strategic Information Group, his focus was on business development and strategic operational analysis for high tech and biotech manufacturers. He has also served as COO for a number of early-stage software companies. In his previous role as CIO for the SAES Getters Group, headquartered in Milan, Italy, Daniel headed global IT operations. He is also the co-author of the book "CIO Wisdom" (Prentice Hall 2004). Daniel earned his Bachelor of Science degrees in Mechanical Engineering and Computer Science from the California Polytechnic University, San Luis Obispo. Mr. Maco is currently a board member for a number of non profit organizations including the Society of Information Management (SIM) and Business Association Italy America (BAIA).

About Nexiasoft:

Nexiasoft, recently commenced trading on the Over-The-Counter Pink Sheets market under the symbol: NXSF and is a holding company that invests in convergent e-commerce technology companies. Companies with disruptive technology in the area of wireless, open-source, and security are particularly of interest. Through targeted investments in such companies, Nexiasoft will continue to provide a compounding effect to the overall value of their portfolio.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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