Nexia Announces Advertising Deal With Teen Impact

SALT LAKE CITY, UT--(Marketwire - August 27, 2008) - Nexia Holdings, Inc. (OTCBB: NXHD) slated for full page ad in Teen Impact Magazine. The new magazine will print upwards of 500,000 copies to be distributed to high schools in an estimated 38 states. Each copy of Teen Impact will be viewed by many students. The advertisement will feature www.blackchandelier.com and its products. Teen Impact is a free publication that is distributed primarily in high schools throughout 38 states.

The advertisement is designed to reach out to Black Chandelier's target market by offering a special 20% discount by using a code within the ad copy. Teen Impact will receive a percentage of all sales resulting from sales generated from the ad. Distribution of Teen Impact is expected to be 500,000 for the first issue in which our full page ad will appear and up to 1.2 million copies for the subsequent distribution. "Each copy is expected to be viewed by at least 10 people, in my estimation," stated Richard Surber, CEO of Nexia Holdings, Inc.

Information on Teen Impact can be found on its website www.TeenImpact.org. The magazine features articles by and about life for the high school student and includes places for students to blog, post pictures and articles of their own creation.

Nexia's CEO, Richard Surber, observed: "This promotional opportunity for Black Chandelier allows thousands of new students to be exposed to the latest fashion offerings from our talented designers. We are confident that being exposed to these designs will attract a new crop of customers to fuel demand for these products. Teen Impact will have a longer shelf life than most forms of advertising because it will be made available directly to students at school. I would suspect that the magazine will make its way to teachers and parents over the course of several months."

Chad Randall, VP Operations of Teen Impact, commented: "We are excited to work with Nexia Holdings, Inc. to bring thousands of new customers to view their exciting and fresh fashion ideas. As Teen Impact continues to increase our distribution, we hope to continue this relationship and look forward to the future."

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.net, 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 online store at www.blackchandelier.com. For more information, visit http://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.