SALT LAKE CITY, Feb. 22 /PRNewswire-FirstCall/ -- Nexia Holdings, Inc. (OTC:NEXA) (BULLETIN BOARD: NEXA) , a diversified holdings company with operations in real estate, fashion retail and health & beauty, provided an update to shareholders today from Company CEO Richard Surber. Dear Valued Shareholder: I am pleased to report that Nexia is on the right track. As we near the close of the month of February, I am very impressed with our retail gross revenues. From February 1 to 20, 2007, retail sales totaled $189,662 compared to $67,931 for the comparable period in 2006, a 279% increase. This increase is attributed not only from additional locations, but also double digit percentage increase in comparable same stores. Strong year- over-year growth is particularly impressive considering retail apparel and beauty sales are generally low in the month of February. Founder and head designer of Black Chandelier Jared Gold is preparing to unveil his 2007 Spring Collection called "Nijinsky." Jared Gold's Spring Collection will be manufactured in multi-million dollar facilities located in both China and India. Clothing is made through high-tech computer designs that produce well-constructed garments for the discerning customer. Many styles will be made out of this season's highly sought after silk-like bamboo fiber. Bamboo fiber is a renewable resource that provides stability for commerce in developing countries. Our manufacturing partnerships will reiterate Black Chandelier's global fashion presence and compelling retail ingenuity. This will also secure production capacity as sales increase. As we expand into new locations coast- to-coast, outsourcing was a necessary step to either improve or maintain the quality and integrity of the Black Chandelier and Jared Gold labels, while minimizing costs. Black Chandelier's goal is to provide innovative designs at price points that are accessible to a wide range of consumers. Our newly appointed branding director Andy Montana will play an instrumental role in guiding our Black Chandelier retail concept into a national franchise on a profitable basis. In other news, Nexia's subsidiary Diversified Holdings, Inc. has realized about $200,000 over the last three days from the sale of a portion of its holdings in China Fruits Corporation (OTC:CHFR) (BULLETIN BOARD: CHFR) . I sold a portion of the Company's portfolio securities to fund inventory production and development costs for spring inventory. I believe Nexia's upward revenue retail growth trend will continue and lead to enhanced shareholder value throughout 2007. Sincerely, Richard Surber CEO of Nexia Holdings, Inc. About Nexia Holdings Inc. Nexia Holdings Inc, headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. The Company has been acquiring undervalued properties in the Salt Lake City area since the early 1990s. Nexia owns a majority interest in Landis Lifestyle Salon, http://www.landissalon.com/, and operates four Black Chandelier retail locations and an online store at http://www.blackchandelier.com/. For more information on Nexia, 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, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at http://www.nexiaholdings.com/ and http://www.sec.gov/. This press release contains forward-looking statements that are based on a number of assumptions, including the potential market response to spring designs, the successful completion of the marketing plans and expansion of Gold Fusion Laboratories, Inc. operations. The above statements further assume that Nexia can obtain sufficient capital to execute its announced expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the opening of additional Gold Fusion Laboratories, Inc. locations. Nexia's assumptions are further contingent upon Gold Fusion Laboratories, Inc. being able to properly staff its additional locations. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. FOR MORE INFORMATION, CONTACT: Richard Surber, President Nexia Holdings, Inc. 801-575-8073 x106 or For Investor Relations: OTC Financial Network Rick McCaffrey 781-444-6100 x625 http://www.otcfn.com/nexa DATASOURCE: Nexia Holdings, Inc. CONTACT: Richard Surber, President, of Nexia Holdings, Inc., +1-801-575-8073 x 106, or ; or Investor Relations, Rick McCaffrey of OTC Financial Network, +1-781-444-6100 x625, or Web site: http://www.nexiaholdings.com/ http://www.otcfn.com/nexa http://www.landissalon.com/ http://www.blackchandelier.com/

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