Nexia Retains Former American Express Marketing Executive as COO

Business Wire, Feb 26, 2008

SALT LAKE CITY -- Nexia Holdings, Inc. (OTCBB: NXHL) announced today the appointment of Anthony Newby as Chief Operating Officer of Nexia Holdings' salon and fashion operations, effective February 18, 2008. Mr. Newby will be responsible for the profitable growth and expansion of Nexia's newly formed Style Perfect, Inc. fashion operations, as well as the build-out of Landis salons.

This is a senior corporate role reporting directly to Nexia Holdings CEO Richard Surber. Mr. Surber commented, "Anthony comes to us with a significant blue chip corporate background following a successful 18-plus year career with American Express based in Australia, New York City and Salt Lake City. Anthony has outstanding business credentials as a senior executive and business leader with a proven track record in the profitable growth of multi-billion dollar business lines and delivery channels worldwide."

Mr. Newby said, "This is an exciting opportunity that will positively impact the profitable growth and expansion of one of Utah's premier and most successful salon and fashion enterprises. I look forward to working with an outstanding team of professionals who are very passionate about the success of their businesses, innovative products and services. As COO, I have a unique opportunity to develop a local business into a national and possibly international powerhouse."

Mr. Newby comes to Nexia with an impressive educational background, holding the following degrees: Doctor of Business Administration, Macquarie University, Sydney, Australia 2005; Masters of Business Administration, Macquarie University, 1997; Bachelor of Marketing and Communication, Macquarie University, 1992; and a Bachelor of Economics, Newcastle University, Newcastle, Australia 1987.

About Nexia Holdings

Nexia Holdings Inc. (OTCBB: NXHL), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in health & beauty, fashion retail and real estate. The Company has been acquiring undervalued properties in the Salt Lake City area since the early 1990s. Nexia owns a majority interest in Landis, LLC, http://www.landissalon.com, a hair salon built around the world-class AVEDA(TM) product line. Nexia also owns the innovative retailer and design firm Black Chandelier and its related brands. The online store can be viewed at http://www.blackchandelier.com. For more information Nexia Holdings, Inc., visit http://www.nexiaholdings.com.

Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2006 and for the subsequent quarters during 2007. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.