SOURCE: Nexiasoft, Inc.

November 13, 2006 09:00 ET

U.S. Consensus Bureau Report Highlights Growth Opportunities for Nexiasoft Companies in 2007

E-Commerce Growth Greater Than Expected

SAN FRANCISCO, CA -- (MARKET WIRE) -- November 13, 2006 -- Nexiasoft, Inc. (PINKSHEETS: NXSF), a holding company which invests in convergent e-commerce technology companies, today commented on the Summary of Recent Economic Developments Report noting unanticipated e-commerce growth in 2006.

The State Board of Equalization report notes that, "2006 Growth in Remote Sales through May was faster than 2005. So far in 2006, growth in U.S. remote retail sales (electronic shopping and mail order houses) has been faster than the average of 2005."

According to U.S. Consensus Bureau data, remote retail sales increased about 15 percent from January through May of 2006 compared to the same period of 2005. This is well above the 9.8 percent growth rate for all of 2005. First quarter 2006 data for U.S. retail e-commerce sales (which are included in remote retail sales) show growth of about 26 percent over the first quarter of 2005.

"This recent information released by the U.S. Consensus Bureau highlights the strategic value our two most recent acquisitions, OrderSuite, Inc. and Cytak, Inc., represent within our portfolio of companies," stated Kevin Owens, CEO of Nexiasoft. "Automated Electronic Markets, as characterized by eBay, Yahoo Stores, and Amazon, are seeing exceptional growth. In early 2006, eBay had over 168 million worldwide users and expected to swap more than $40 billion in goods and services. eBay is said to have over 270,000 PowerSellers who each sell more than $50K annually," Owens continued. "This is why we are so excited about the OrderSuite and Cytak products which are perfectly positioned to satisfy the order management and tax processing needs of the customers within these SMB markets."

About OrderSuite:

OrderSuite is an application for the small to medium-sized businesses in the e-commerce or e-tailing market space. OrderSuite has been successfully identified and deployed into a niche market gap within the Direct-to-Consumer market by providing a tailored solution built for the individual companies.

The OrderSuite acquisition is part of a larger vision for the Direct-to-Consumer market and marks a significant milestone; as we get closer to our full release, we will go into more details of who has made this acquisition possible, and why this is key to our overall strategy. To view more information about OrderSuite, visit

About Cytak

Cytak is a managed service that provides automatic distribution of sales and use tax rates with verification tools to analyze tax payments. It is built, maintained and operated in a secure environment and provides tax integration services for standard order processing, ERP and accounting packages.

For more information about Cytak, visit

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.

For more information, visit Nexiasoft's website at:

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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