Nexia Acquires Two Additional Residential Properties

SALT LAKE CITY, UT--(Marketwire - December 10, 2008) - Nexia Holdings, Inc. (OTCBB: NXHD) announced the execution of a Real Estate Purchase Agreement with Casey J. Coleman to acquire two residential properties, both located in Salt Lake City, Utah. The total value is estimated to be $465,000 which will be paid with the issuance of 93,000 shares of restricted Series C Preferred Stock of Nexia.

The properties are both single-family dwellings that are currently fully occupied. The purchase of these properties will serve as an example to other potential sellers and may add further 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."

Mr. Surber further commented, "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."

Casey J. Coleman, the seller, commented, "This was a perfect opportunity to sell my real estate. I was able to get a fair market value when most other real estate is selling at steep discounts. 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."

If you are an accredited investor interested in selling your home, apartment complex or other real property pursuant to Nexia's Real Estate Acquisition Strategy, please contact Richard Surber at the contact information below.

About Nexia Holdings Inc.

Nexia Holdings Inc. (OTCBB: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA™ product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates one retail location and an online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com.

Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarters of 2008. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov. The success of the above strategy is conditioned upon a substantial increase in liquidity of Nexia's common stock, an eventual recovery in the real estate markets that Nexia invests in and many other factors which will emerge as Nexia executes upon its acquisition strategy.

Contact Information: FOR MORE INFORMATION, CONTACT: Richard Surber President Nexia Holdings, Inc. 801-575-8073 x 106 RichardSurber@nexiaholdings.com