Archive for the ‘Nexia Holdings Inc. NXHD’ Category

Small Cap Voice Featured Company: Nexia Holdings, Inc. (NXHD.OB)

Monday, March 23rd, 2009

Nexia Holdings, Inc. is a diversified holdings company with operations in health and beauty, fashion retail, and real estate. Currently, the company owns two salons, one retail store, one online retail store and two commercial properties.

The two salons, Landis Lifestyle Salon and Landis Salon, are both located in Utah. Landis Lifestyle Salon, located in Salt Lake City, is an Aveda™ Lifestyle Salon, while Landis Salon, located in Bountiful, is an Aveda™ Concept Salon. Nexia plans to grow the Landis brand to a national level with up to 5 locations in the Salt Lake region before executing a national expansion plan that could include franchise opportunities.

The retail store, operated by subsidiary Black Chandelier, sets itself apart from clothing giants such as The Gap, Hot Topic, and Target by offering eco-friendly fabrics, in-house sewers and silk screeners, and crazy models like Lisa D’Amato. The store was designed to be a tourist attraction that offers an innovative retail shopping experience.

In late 2008, the company announced a new real estate acquisition strategy to grow Nexia’s real estate portfolio as large portfolios of residential real estate held by banks, individuals, corporations or other entities are capitalized on as a result of subprime or other foreclosed loans. The company aims to acquire $100M worth of real estate under its real estate acquisition strategy.

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Nexia Holdings, Inc. (NXHD.OB) Enters Stock Exchange Agreement with Seamless Corporation for $1,000,000 of Preferred Stock

Thursday, March 19th, 2009

Nexia Holdings, Inc. announced today that it has signed a stock exchange agreement with Seamless Corporation (SMWF.OB) to exchange 200,000 shares of Nexia’s Series C Preferred Stock, with a stated conversion value of $1,000,000, for $1,000,000 worth of Seamless Corporation’s Series “C” Preferred Stock. The company anticipates that the closing of this exchange will take place within the next 10 days, pending the delivery of the necessary documentation to the respective transfer agents of the two companies.

Mr. Surber, CEO of Nexia, commented, “This is one of several such exchanges that I have been exploring over the past few weeks. I am pleased to see the discussions produce a final agreement that I believe will be of benefit to Nexia. I will continue to seek to expand the portfolio of investments that Nexia holds for the benefit of its operations.”

Mr. Albert Reda, the President of Seamless Corporation, stated, “The benefit is that Nexia and Seamless will both have additional exposure within the OTCBB investment community, which is a plus for both companies.”

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Four Reasons to Like Nexia Holdings, Inc. (NXHD.OB)

Tuesday, March 17th, 2009

Nexia Holdings is a bargain hunter’s dream; a low-priced stock with very high potential. In addition to recent television and radio exposure, there are quite a few aspects of this company that make it attractive. Utah-based Nexia is a widely-diversified holdings company with arms that reach from real estate to retail.

Nexia currently owns several properties in the Salt Lake City area, which have been undergoing repairs and upgrades to maintain a high value, even as the real estate market struggles. In addition to over 145,000 square feet of building space, the company owns several undeveloped parcels of land in Utah and Kansas.

Another testament to Nexia’s viability is the media attention afforded it by co-founder Jared Gold. Gold’s innovative clothing designs are the centerpiece at Black Chandelier, Nexia’s retail clothing outlet located in Salt Lake. There is also a corresponding online store which adds to the overall success of the branch, so much so in fact, that Nexia is considering spinning Black Chandelier off into its own entity.

One must also take into account the two successful “lifestyle salons” operated by Green Endeavors Ltd (GRNE.PK), of which Nexia holds a majority share. Landis Salons have been a big hit in Utah, and the company has already been talking about expanding to several more Salt Lake locations, as well as harboring ambitions to grow the idea to a national scale. Nexia believes that potential future franchising opportunities are present with the highly-regarded salon.

The next thing to consider would be the company’s management. Mr. Richard Surber brings a lot to the table as CEO of both Nexia and Green Endeavors. He is an accomplished executive with more than a decade of experience. The knowledge gained from his practice in both corporate and securities law has been invaluable to the organization.

Overall, Nexia is a well positioned company which is arguably very undervalued. A high level of diversification only adds to the company’s attractiveness. It has received increased media exposure over the past few months, and is showing itself to be worthy of a closer look.

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Nexia Holdings, Inc. (NXHD.OB) Gearing Up For National Expansion

Thursday, March 12th, 2009

Nexia Holdings (NXHD.OB), a diversified holdings company, is gearing up for major growth over the next 3 years, with the acquisition of more commercial properties and the opening of 30 additional salons. Since the company currently has only two salons, it represents a significant expansion.

The company’s Utah-based operations target the health, beauty, and fashion markets, as well as real estate. Along with two salons, Nexia owns one retail store, plus an online store, and three commercial properties. Fueled by past success, they now plan to take their idea and go national. Their strategy is conservative, based on a realistic appreciation of the marketplace and competition.

In commercial real estate, they target underperforming properties which, through careful repair and upgrades, are increased in value and cash flow. The company also owns several small undeveloped land parcels in Utah and Kansas.

Their Landis Salon holdings represent a proven investment in the high-end health and beauty market, generating substantial revenues through the offering of exceptional products and customer services. The target market is 70% female, with high expectations but also seeking a reasonable cost. Landis Salons operate under the guidelines set forth by Aveda™, which is an earth friendly cosmetics company owned by Esteé Lauder. Aveda™ utilizes organic ingredients in many of their products, and Landis Salons’ foundation is based upon Aveda™ principles. Nexia plans to grow Landis nationally, with possible franchise opportunities.

Their investment in Black Chandelier, a retail and online presence in the fashion market, focuses on experienced designers and signature styles, offering specialized products with limited distribution to create a unique identity. The consumer base is fashion conscious, covering a wide age spread. The expanding men’s division has a large fan base in the 15-35 age range. As with Landis, there are plans to grow Black Chandelier nationally.

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Nexia Holdings, Inc. (NXHD.OB) Appears on “Big Biz Show”, Introduced to New Audiences

Tuesday, March 10th, 2009

Nexia Holdings recently conducted a number of radio and television interviews as a result of a broadcast production agreement signed last month. The interviews took place at the end of February, and will be rebroadcast twenty-one times over the course of the next three months.

As part of a broadcast deal struck with Robert “Sully” Sullivan, host of popular west-coast business talk show, the “Big Biz Show”, Nexia CEO Richard Surber has given a series of interviews with the express purpose of showcasing his company to a new range of potential investors. Mr. Surber commented, “The Big Biz has a substantial audience that will be introduced to Nexia; I anticipate it will raise investor awareness about Nexia and its operations.”

You can catch the “Big Biz Show” every Monday through Friday, from 4 to 6 p.m. EST on Business Talk Radio Network. Its radio and television broadcasts are played on CBS Radio, Fox Business, World Talk Radio, and Wealth TV.

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Nexia Holdings, Inc. (NXHD.OB) to Acquire Subdivision for $2M in Series C Preferred Stock

Friday, March 6th, 2009

Last week, Nexia Holdings announced that it signed a Letter of Intent with Cedar Crest Development, Inc. to acquire 19 residential lots located in Hooper, Utah. The subdivision contains 22 residential lots, three of which have been already sold to third parties. According to the press release, the lots are all suitable for single family residences. In exchange for the residential lots, Nexia Holdings would deliver 400,000 restricted shares of Series C Preferred Stock that would have a stated conversion value of $2,000,000.

Richard Surber, CEO of Nexia, commented, “This type of real estate play is the type of transaction that our Real Estate Acquisition Strategy is designed for. Nexia’s team will work hand in hand with the prior owners and the bank to cure the default. The anticipated result will be a great piece of real estate free and clear of debt within 12 to 24 months held by a Nexia company. The level of success is highly dependant on market conditions for Nexia’s common stock and/or the local real estate market.”

Mr. Surber added, “Upon closing this transaction, I believe that it is safe to say that Nexia will have made significant progress in its efforts to build a portfolio of real estate holdings. The signing represents measurable progress by Nexia’s real estate management team. The subdivision is one of several prospects that the Nexia team will be working on in the coming months.” Nexia president Richard Surber concluded, “I am optimistic that many additional opportunities will be executed upon under our Real Estate Acquisition Strategy. Nexia’s team has shown great promise in identifying opportunities. I look forward to the successful conclusion of this project and many more.”

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Nexia Holdings, Inc. (NXHD.OB) Agrees to Acquire $500,000 of ARIO Preferred Stock

Thursday, March 5th, 2009

Nexia Holdings, Inc. announced that it has signed an agreement with AmeriResource Technologies, Inc. (ARIO.PK) to exchange 100,000 shares of its Series C Preferred Stock, with a stated conversion value of $500,000, for $500,000 of ARIO preferred stock. The transaction is anticipated to take place in the next 7-10 days. Nexia also told investors that it anticipates agreeing to similar exchanges in the coming months.

CEO Richard Surber stated, “I am involved in discussions with up to six other entities that are interested in carrying out similar exchanges with Nexia. Such exchanges will broaden the portfolio of companies in which Nexia holds an interest. My goal is to use Preferred shares in Nexia, in lieu of cash, to create a diversified portfolio of high risk securities with a face value that could exceed $20M in the coming months.”

Mr. Delmar Janovec, CEO of ARIO, commented, “Stock swaps are relatively simple transactions to complete which require nominal cash outlays to effect. Stock swaps are a way to create a source of liquidity in 6 to 12 months from the date each transaction is closed. ARIO intends to rely on the recently modified Rule 144, set forth by the Securities and Exchange Commission, as a means to help finance its operations and improve its financial position.”

Mr. Surber added, “I have assisted or affected many similar stock exchanges in the past and have seen companies convert their holdings into millions of dollars. In fact, a similar exchange is what initially financed Nexia Holdings when I first became president back in 1998. There are many great opportunities in the penny stock arena and I intend to seize them for the benefit of Nexia.”

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Nexia Holdings, Inc. (NXHD.OB) Expresses his Insights Regarding Current Economic Environment

Thursday, January 15th, 2009

Today, Nexia Holdings, Inc.’s CEO Richard Surber shared his thoughts regarding current economic issues and the opportunities available to the company. Below we have copied his letter to Nexia shareholders.

Dear Shareholders:

Over the past few months I have been tuning into many financial news programs, financial blogs historical documentaries and reading as much as I can. This is in an effort to figure out how to take advantage of the tremendous bargains that are becoming available in today’s marketplace. Nexia, like many other companies, has limited cash and very little available credit. Nexia is relatively small and our team has done a good job at slashing overhead. Our staff is battle hardened and seasoned as a result of the struggle of getting the company to where it is today. I do not subscribe to all of the doom and gloom. In fact, I believe that 2009 is going to be a tremendous year for our tough little company.

I recently tuned into a video interview of AIG’s former CEO, Hank Greenberg, by Neil Cavuto. The gist of the interview was that Greenberg believed that current management of AIG is recklessly giving away assets and that AIG should be acquiring assets now rather than giving them away. I agree with Greenberg as he has been around long enough to have seen it all. He built AIG into the largest insurer in the world. AIG has received billions from the government and should be sitting tight right now and expanding at all cost in anticipation of the inevitable recovery.

I want shareholders of Nexia to know that we are making every effort and using every resource to buy assets, namely real estate, with a long term view. It is my belief that Nexia’s strategy of using its speculative securities to buy up what other people are fearfully giving away is key to growing Nexia into a major concern after the dust settles from the current economic downturn. The strategy is risky but sitting on the sidelines and doing nothing is simply not an option when there are an abundance of opportunities.

By the end of the January, Nexia could very well hold title to as many as 20 residential properties and 19 development parcels of lands in Northern Utah. The debt on these prospective properties is about equal to their value at just under $3M. If Nexia is able to carry out these plans, shareholders could be looking at owning a stake in a company that has in excess of $100M in assets in a short period of time by using its equity and the assumption of debt to acquire the properties.

The end result could be a situation where the equity is then used to pay down the underlying mortgages leaving Nexia holding properties debt free in as little as 24 months, provided Nexia has the liquidity in its market to accomplish its lofty goals.

I hope this short letter provides some additional insight into the direction we are taking Nexia in 2009.

Sincerely,

Richard Surber
CEO

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A Closer Look at Nexia Holdings, Inc.’s (NXHD.OB) Unique Real Estate Acquisition Strategy

Thursday, January 15th, 2009

In the fourth quarter of last year, Nexia Holdings told investors that President Richard Surber has developed a new real estate acquisition strategy for the company. This plan focuses on growing Nexia’s real estate portfolio, while creating value for its shareholders, as large portfolios of residential real estate held by banks, individuals, corporations or other entities as a result of subprime or other foreclosed loans are capitalized on.

Normally, these owners only have the following exit strategies: Quickly resell the property, Obtain financing to pull their capital out of the properties, Lease or rent the properties which may require additional capital to restore the properties, or provide seller financing. These options, however, are all unfavorable (and perhaps unfeasible) in the current economic climate.

Nexia believes massive return potential can be created, while hedging risking, when the holder of real estate sells the possession in exchange for a stated value Preferred Security while maintaining a lien on the real estate for their initial investment plus a reasonable rate of return. Under the new SEC rules, after a non-affiliate has been at risk for over six months they can look to the public markets to liquidate their securities. In other words, six months after Nexia purchases the properties, the seller is able to convert their preferred stock into shares of common stock in a controlled and incremental manner. This would give the seller the option to liquidate their shares and convert their holding to cash.

Commenting on his strategically developed plan, Mr. Surber stated, “Nexia can buy highly leveraged properties at great prices in anticipation of the inevitable turn around in the real estate markets in the coming years. I believe it is possible to build a $100M plus portfolio of properties given the current market conditions with very little or no upfront cash outlay.”

Right now, most people don’t even know that Nexia exists, but the company is in the process of branding itself and marketing its current products. Nexia has already partnered with Clearvision, Inc. to brand its name. In addition, Nexia is looking to promote the opportunities that it will present on a large-scale basis. Nexia is not looking to Wall Street for money. It is looking to Main Street. The company is seeking to provide potentially millions of ordinary people with the opportunity to invest a little and gain a lot.

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Nexia Holdings, Inc. (NXHD.OB) Volume/Interest Skyrockets during Yesterday’s Trading

Tuesday, January 13th, 2009

Yesterday’s trading volume was nearly 500% greater than the 3-month average daily volume, indicating that the company’s unique real-estate strategy is captivating investors and generating interest in the investment community. In recent news, Nexia Holdings announced its subsidiary’s new real-estate acquisition team has identified seven new properties for acquisition and is performing due diligence on the properties to establish the final purchase numbers. Together, these properties’ estimated value is $1.6 million.

Richard Surber, CEO of Nexia Holdings, commented on the news, “These acquisitions would bring our residential property holdings up to a total of 10 properties and I believe that the growth of our portfolio would make future acquisitions easier. The success and future operations of Wasatch Capital Corporation under its new management utilizing our real estate acquisition strategy appear to be on track.”

We recently completed a 6 minute interview featuring Mr. Surber. In the interview, the CEO commented on the business’s three areas of operations, exciting new developments, as well as the attractiveness of the current stock price. He also gave his personal insight on the company’s future goals.

To hear the entire interview, visit: http://www.qualitystocks.net/videocharts.php?chartvid_id=130

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Nexia Holdings, Inc. (NXHD.OB) Identifies Seven Residential Properties for Acquisition

Friday, January 9th, 2009

Nexia Holdings, Inc. announced after the bell today that the new management of Wasatch Capital Corp. has identified seven properties for acquisition under the real estate acquisition strategy recently announced. According to the press release, the estimated value of the properties is $1.6 million.

Currently, the company is performing due diligence on the properties to establish the final purchase price and conditions. The value of each of the properties range from $90,000 to $480,000, all of which are located in the northern Utah area, from the Salt Lake Valley north to Ogden, Utah.

Richard Surber, CEO of Nexia Holdings, stated, “These acquisitions would bring our residential property holdings up to a total of 10 properties and I believe that the growth of our portfolio would make future acquisitions easier. The success and future operations of Wasatch Capital Corporation under its new management utilizing our real estate acquisition strategy appear to be on track.”

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Nexia Holdings, Inc. (NXHD.OB) Ready for 2009 with New Team of Real Estate Acquisition Professionals

Thursday, January 8th, 2009

Nexia Holdings recently announced a new strategy for its real estate operations. The company has plans to grow its real estate portfolio and create value for its shareholders by utilizing a strategy called “real estate backed securities.” The plan was designed to capitalize on large portfolios of residential real estate held by banks, individuals, corporations or other entities as a result of subprime or other foreclosed loans.

Last month, Nexia Holdings told investors that one of its subsidiaries, Wasatch Capital Corporation, has assembled a team of new officers to manage the real estate operations that will be expanding under Wasatch’s ownership. The appointments are as follows: Casey J. Coleman as President, Corey Vandenberg as Vice President, and William Pettet as Secretary/Treasurer.

Richard Surber, CEO of Nexia Holdings, stated, “The team that Nexia is assembling will be key to our future success as a real estate holdings company. These professionals will take Nexia in a new direction. I have a high level of confidence in all three new officers of Wasatch Capital Corporation.”

Casey J. Coleman, the new President, brings more than 15 years of extensive experience in the real estate market. For approximately five years, Coleman was the owner and CEO of Rental Finders, one of the largest property management companies in Salt Lake City. He has gained much experience managing a real estate portfolio valued over $10 million and will use his expertise to manage Nexia’s growing real estate holdings.

Corey Vandenberg, the new Vice President, is credited with founding Utah Foreclosure Advocates in 2002. This company offered a free service to homeowners that wanted to obtain favorable work out conditions to avoid foreclosure. He has been responsible for helping thousands of homeowners avoid foreclosure. During his tenure, he developed a substantial network of loss mitigation companies, bankruptcy trustees, and legal counsel which should prove beneficial to Nexia’s real estate team.

William Pettet, the new Secretary/Treasurer, founded several successful real estate businesses including Wasatch Investment Properties and Credit Solutions, LLC. Since 1999, he has worked in the real estate industry as an investor, consultant, and mortgage professional. In 2007 he became the Vice President and CFO of Trinity Financial Services, a Utah mortgage broker.

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Nexia Holdings, Inc. (NXHD.OB) Reports Financial Results of Salon Operations

Tuesday, January 6th, 2009

Yesterday after the closing bell, Nexia Holdings announced its unaudited salon gross revenues for the year 2008 which totaled $2,113,943. Landis Salons, Inc., held by Green Endeavors Ltd. (GRNE.PK), a majority owned subsidiary of Nexia, saw revenues grow 4.2% compared to 2007 revenues of $2,025,281.

The Salt Lake City Landis salon recognized revenues of $1,829,381 (unaudited) in 2008, a 2.7% decrease from 2007 revenues of $1,879,798. The Bountiful Landis Salon’s revenues for 2008 were $284,562 (unaudited), an astonishing increase of 48.9% from 2007 revenues of $145,483; this salon was acquired by Nexia during August of 2007.

Richard Surber, President and CEO of Nexia, commented, “I am pleased to report that our salon operations have shown resilience during an economically challenging time. The number of services performed actually increased during 2008. We did see a dip in product sales. We are laying the groundwork for expansion and profitability in 2009 for our salons. More information will be forthcoming as our accounting staff gears up for filing Nexia’s annual report.”

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Nexia Holdings, Inc. (NXHD.OB) to Focus on Real Estate in 2009

Friday, January 2nd, 2009

In October of 2008, Nexia Holdings announced that it has developed plans for growing its real estate portfolio and creating value for its shareholders. The company intends to capitalize on large portfolios of residential real estate held by banks, individuals, corporations or other entities as a result of subprime or other foreclosed loans.

Many of these distressed properties have been devalued as result of a tight credit market and numerous other factors. Those with cash are in a tremendous position to purchase properties for pennies on the dollar. Nexia Holdings recently sold its Wallace/Bennett Buildings in Salt Lake City for $2.15 million which will provide the liquidity required to propel Nexia forward with its future plans.

CEO Richard Surber commented, “I am optimistic that this acquisition will be the first of many that can be acquired using this method. Nexia can buy highly leveraged properties at great prices in anticipation of the inevitable turn around in the real estate markets in the coming years. I believe it is possible to build a $100M plus portfolio of properties given the current market conditions with very little or no upfront cash outlay.”

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Nexia Holdings, Inc.’s (NXHD.OB) One of a Kind Black Chandelier Brand

Monday, December 29th, 2008

The Black Chandelier’s uniqueness and exclusivity draws crowds away from big box retailers. Crazy models like Lisa D’Amato, eco-friendly fabrics, in-house sewers and silk screeners, and manufacturing relationships with top-notch Asian companies are just a few unique features that set Black Chandelier apart from clothing giants such as The Gap, Hot Topic, and Target.

Black Chandelier currently operates one retail location in the high-end shopping complex of The Gateway in downtown Salt Lake. The retail store was designed to be as much of a tourist attraction as an innovative retail shopping experience, and is filled the abstract and fantastical clothing designs of co-founder Jared Gold.

Black Chandelier also operates an online store that offers many of the same merchandise that can be found in the retail location, but also includes more information on Jared Gold, Black Chandelier’s various Runway events, and more. To view a commercial of Black Chandelier and see the merchandise for yourself, visit http://www.nexiaholdings.com/video/BCcommercial1.html

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Nexia Holdings, Inc. (NXHD.OB) Provides Investors with Details Regarding its Marketing Efforts

Tuesday, December 23rd, 2008

Yesterday after the closing bell, Nexia Holdings, Inc. announced that its management is reviewing and planning for its 2009 advertising and marketing strategy. Richard Surber, CEO of the company, stated, “I first want our shareholders, employees, and customers to be aware of some of the unique and traditional marketing efforts that have occurred over 2008 and how we plan to improve upon those efforts in 2009.”

In the press release, Nexia Holdings provided a list of tradition media, such as magazines, newspapers, mailers, radio, email, and press releases, that featured the company during the current year:

– Salt Lake Tribune, with a weekly readership of approximately 900,000, printed a half page ad this last weekend.

– Salt Lake Magazine is a high end magazine distributed throughout the Salt Lake Valley.

– IN Utah, a weekly newspaper, features Nexia’s companies on a weekly basis to the hipster crowd and has a circulation of about 40,000.

– Yellow Pages.

– Hometown Values is a discount mailer to thousands of households in the Salt Lake Valley.

– American Salon Magazine ranked Landis Lifestyle Salon as the #1 salon in Utah.

– Utah Business Magazine ranked Nexia as the 33rd largest public company in Utah based upon 2007 revenues.

– DEX Yellow Pages.

– Verizon Yellow Pages.

– M6 Marketing is a text messaging service; Nexia recently signed a 12 month contract with them.

– KCPW Radio is the local station for National Public Radio. Nexia is a proud supporter of this station.

Logan Fast, Master Stylist at Landis Salons and newly appointed Vice President of Green Endeavors Ltd., said, “Our biggest and most effective way to get the word out on our salon products and services is word of mouth at the local level coupled with throwing events to show our appreciation for our clients. I am cultivating my success into our New Artist Stylists.”

“In 2009, I will release more specifics on who we will be advertising with and how Nexia can generate further interest in its products and services. In addition to traditional marketing, I hope to be able to lay out how we intend to better inform the investment community about Nexia, this will focus heavily on our web presence,” Mr. Fast added.

“A critical element to Nexia’s success will be to make sure that Nexia’s marketing dollars continue to be well spent. I look forward to 2009 when our agreement with Clearvision International, Inc. kicks in with an estimated value of about $2M in media which should include celebrity endorsements, billboards, TV, radio, and more,” Mr. Fast concluded.

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Nexia Holdings, Inc. (NXHD.OB) CEO Joins QualityStocks for Exclusive Interview

Thursday, December 18th, 2008

Today, QualityStocks published a 6 minute interview featuring Richard Surber from Nexia Holdings. In the interview, Mr. Surber commented on the business’s three areas of operations, exciting new developments, as well as the attractiveness of the current stock price. He also gave his personal insight on the company’s future goals.

To hear the entire interview, visit: http://www.qualitystocks.net/videocharts.php?chartvid_id=130

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Nexia Holdings, Inc. (NXHD.OB) Appoints Team of Real Estate Acquisition Professionals

Thursday, December 18th, 2008

Today before the opening bell, Nexia Holdings announced that a subsidiary of the company, Wasatch Capital Corporation, has assembled a team of new officers to manage the real estate operations that will be expanding under Wasatch’s ownership. The appointments are as follows: Casey J. Coleman as President, Corey Vandenberg as Vice President, and William Pettet as Secretary/Treasurer.

Richard Surber, CEO of Nexia Holdings, commented, “The team that Nexia is assembling will be key to our future success as a real estate holdings company. These professionals will take Nexia in a new direction. I have a high level of confidence in all three new officers of Wasatch Capital Corporation.”

Casey J. Coleman, the new President, has more than 15 years of extensive experience in the real estate market. For nearly five years, Coleman was the owner and CEO of Rental Finders, one of the largest property management companies in Salt Lake City. He has recent experience managing a real estate portfolio valued over $10 million and will use his expertise to manage Nexia’s growing real estate holdings.

Corey Vandenberg, the new Vice President, founded Utah Foreclosure Advocates in 2002, offering a free service to homeowners that wanted to obtain favorable work out conditions to avoid foreclosure. He has helped thousands of homeowners avoid foreclosure, save their personal residences, and preserve their equity and credit rating. These activities have resulted in a substantial network, including loss mitigation companies, bankruptcy trustees, and legal counsel.

William Pettet, the new Secretary/Treasurer, founded several successful real estate businesses including Wasatch Investment Properties and Credit Solutions, LLC. Since 1999, he has worked in the real estate industry as an investor, consultant, and mortgage professional. In 2007 he became the Vice President and CFO of Trinity Financial Services, a Utah mortgage broker.

With the number of foreclosures reaching new records, banks have an enlarging portfolio of Real Estate Owned properties. Nexia/Wasatch is focused on working with employees at various local and regional banks to embark on discussions regarding the purchase of a portion of those assets. Wasatch is also talking with many individual investors who purchased real estate during the recent market boom. With the changing real estate market, a number of these investors see Nexia as a strong exit strategy to liquidate their portfolios.

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Nexia Holdings, Inc.’s (NXHD.OB) Landis Salons Believe Everybody Possesses Beauty

Tuesday, December 16th, 2008

Nexia Holdings, Inc. owns two Landis Salons in Northern Utah, offering Aveda Lifestyle and Aveda Concept salon services. The salons’ team of highly trained professionals share great passion for the art of hair and dedicate themselves to helping clients realize their fullest potential.

Both salons care about environmental issues and believe that environmental sustainability is the only responsible way of doing business. The salons have partnered with Aveda because of their shared passion for quality products and services that increase the beauty of the body and renew mind, as well as protect the environment.

Employees must have a minimum of 5 years in the industry or a graduate degree from Landis’ New Artist program. All stylists are screened carefully and are required to pass a rigorous audition process. As a result of retaining the best local talent and offering only the best products and services, Landis Salons are poised for growth as expansion plans are strategically prepared by Nexia Holdings.

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Nexia Holdings, Inc. (NXHD.OB) Recognized by Utah Business Magazine as being a Top 40 Public Company

Thursday, December 11th, 2008

Today, Nexia Holdings announced that it has been listed as the 33rd ranked public company in all of Utah, based on 2007 revenue, by the Utah Business Book of Lists 2008. For the year of 2007, the company reported revenue of $3,232,000, reflecting the growth of its operations and the success of its projects. According to the press release, this is the first inclusion of Nexia on the list and the attention being given to Nexia’s operations and results is growing.

CEO Richard Surber commented, “Nexia will seek to build upon that strong position as reported for 2007 in the Utah real estate market, which is doing much better than several harder hit areas of the country. We are moving forward with our real estate expansion strategy and expect those efforts and the continued growth of our salon operations in the future to move Nexia’s fortunes to even better results.”

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Nexia Holdings, Inc. (NXHD.OB) Announces Acquisition of Two Residential Properties

Wednesday, December 10th, 2008

Today, Nexia Holdings, Inc. announced that it has signed a Real Estate Purchase Agreement with Casey J. Coleman to acquire two residential properties, both located in Salt Lake City, Utah. The estimated value of the properties is estimated to be $465,000 which will be paid with 93,000 shares of restricted Series C Preferred Stock.

Both properties are fully occupied single-family dwellings. The company believes the purchase of these properties will serve as an example to other potential sellers and could add additional credibility to the soundness of Nexia’s Real Estate Acquisition Strategy.

Richard Surber, CEO of Nexia Holdings, stated, “The acquisition of these homes is merely the tip of the iceberg. These two properties coupled with the recent acquisition of a triplex should add nearly $1M to Nexia’s balance sheet and the Nexia real estate team has barely begun its acquisition efforts.”

“I anticipate by the end of December Nexia may be able to acquire another 10 to 20 properties which could add as much as $2.5M to Nexia’s balance sheet. Everything that I am seeing tells me that it is very possible that Nexia could acquire vast amounts of residential properties with no cash. Furthermore, Nexia could end up owning the properties free and clear of all debt within 24 months of acquiring the properties based upon its strategy,” he added.

Casey J. Coleman, the seller, commented, “This was a perfect opportunity to sell my real estate… I am very satisfied with the structure of the transaction and have a great deal of confidence that Nexia’s real estate strategy and other operations will be reflected in the value of Nexia. I am bullish on Nexia based upon my due diligence of their plans to create value.”

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Nexia Holdings, Inc. (NXHD.OB) Moves Forward with New Real Estate Strategy

Monday, December 8th, 2008

Nexia Holdings recently announced a new strategy for its real estate operations. The company has plans to grow its real estate portfolio and create value for its shareholders by utilizing a strategy called “real estate backed securities.” The plan was designed to capitalize on large portfolios of residential real estate held by banks, individuals, corporations or other entities as a result of subprime or other foreclosed loans.

The company’s management team recognizes the devaluation of these properties as a result of tight credit markets and other factors, and that the investor with cash is able to purchase large groups of properties for pennies on the dollar. However, even if an investor has the cash, he/she must use great effort to get his/her cash back as soon as possible and redeploy the cash as many times as possible while the discounted prices are available.

Through Nexia, investors are able to invest in a real estate opportunity that has tremendous upside potential not typically available in highly priced securities. The company aims to build its balance sheet and cash flows so that it becomes a serious real estate concern. Once Nexia’s market cap is in excess of $75 million and its net worth exceeds $5 million, many regulatory goals will open to enhance the risk-to-reward ratio for investors.

The company also seeks to increase liquidity for its stock to build greater interest. Nexia will then be able to look to hedge funds, broker dealers and the public at large to become market participants. Right now few people know the company exists, but the company is making efforts to brand itself. The company isn’t looking to Wall Street for money, but is instead looking to Main Street, potentially giving millions of ordinary people the opportunity to invest with a little and gain a lot.

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Nexia Holdings, Inc. (NXHD.OB) Announces QualityStocks Coverage

Monday, December 8th, 2008

Nexia Holdings, Inc. announced they will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 750,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.

Richard Surber, CEO of Nexia Holdings, has the company focused on the health and beauty, fashion retail, and real estate markets. Currently, the company owns two salons, one retail store, one online retail store and two commercial properties.

The retail store, operated by subsidiary Black Chandelier, sets itself apart from clothing giants such as The Gap, Hot Topic, and Target by offering eco-friendly fabrics, in-house sewers and silk screeners, and fanatical models such as Lisa D’Amato. The store was designed to be a tourist attraction that offers an innovative retail shopping experience.

Mr. Surber commented, “Nexia Holdings has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”

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Nexia Holdings, Inc. (NXHD.OB) CEO Richard Surber Issues Shareholder letter

Friday, December 5th, 2008

Today after the closing bell, Richard Surber, CEO of Nexia Holdings, Inc., issued the following shareholder update to investors concerning the near and long term goals of the company as well as his excitement for the future of the company:

Dear Valued Shareholders,

I am pleased to announce several anticipated actions Nexia Holdings intends to take in the near term and long term to dramatically improve and grow the company.

1. Nexia’s accounting staff is nearing completion of stand alone financials for Green Endeavors Ltd. (Other OTC:GRNE.PK – News) to be filed with pink sheets. Our intentions are to complete a Form 15c2-11 to get GRNE listed for trading on the pink sheets. GRNE is the subsidiary that holds our Landis Salon operations.

2. Retain auditors to audit GRNE and file a Form 10 to make GRNE fully reporting.

3. Nexia will issue a stock dividend in Green Endeavors Ltd. (GRNE.PK) to its shareholders on a pro rata basis upon becoming fully reporting.

4. Nexia’s portfolio securities recently increased in value from $100,000 to $650,000. I am optimistic that Nexia will see further increases and may be able to liquidate these securities for close to $1M in cash in the near term based upon the volume and price increase per share in one of its holdings.

5. Nexia’s recent sale of an office building infused over $630,000 in cash into the company which has allowed Nexia to clean up its balance sheet and has set the stage for growth in 2009.

6. Nexia’s has three prospective real estate professionals that it intends to appoint as President, Vice President, and Secretary of its real estate division to accelerate our “Real Estate Acquisition Strategy.”

7. Nexia has set a long-term goal to acquire $100M worth of real estateunder its “Real Estate Acquisition Strategy.”

8. Nexia will exit its retail clothing business, excepting its online operations, in an effort to concentrate on its salon and real estate ambitions.

9. Nexia is forming alliances with marketing firms to keep the investment community apprised of its plans.

10. Nexia intends to complete its offering document to raise up to $10M under an equity line of credit.

These are just a few of the plans that are already in motion to provide liquidity, additional capital, a clear vision for growth, substantial balance sheet growth, a stock dividend in GRNE (which its salon operations have generated over $1.5M in revenues year to date), and to take advantage of the current opportunity in the real estate market.

Nexia has so much to offer for such a small company. I encourage the public to review our web sites at www.nexiaholdings.com, www.blackchandelier.com, and www.landissalons.com to see the opportunity that Nexia presents.

I would like investors to take a long-term view on Nexia Holdings and bear with me on our exciting journey into the future. We are building something that has phenomenal potential!

Sincerely,

Richard Surber
CEO of Nexia Holdings, Inc.

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Nexia Holdings, Inc. (NXHD.OB) is “One to Watch”

Friday, December 5th, 2008

Nexia Holdings, Inc. is a diversified holdings company with operations in health and beauty, fashion retail, and real estate. Currently, the company owns two salons, one retail store, one online retail store and two commercial properties.

The two salons, Landis Lifestyle Salon and Landis Salon, are both located in Utah. Landis Lifestyle Salon, located in Salt Lake City, is an Aveda™ Lifestyle Salon, while Landis Salon, located in Bountiful, is an Aveda™ Concept Salon. Nexia plans to grow the Landis brand to a national level with up to 5 locations in the Salt Lake region before executing a national expansion plan that could include franchise opportunities.

The retail store, operated by subsidiary Black Chandelier, sets itself apart from clothing giants such as The Gap, Hot Topic, and Target by offering eco-friendly fabrics, in-house sewers and silk screeners, and crazy models like Lisa D’Amato. The store was designed to be a tourist attraction that offers an innovative retail shopping experience.

Nexia also has more than a decade of experience acquiring undervalued properties in the area of Salt Lake City. The company’s existing portfolio includes a 7,000 sq. ft. one-story retail building on State Street in Salt Lake City and a 100,000 sq. ft. building on Sam’s Boulevard in Kearns. The company also owns seven small parcels of undeveloped raw land in Utah and Kansas.

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