Nexia Signs Sales Contract for $830,000

SALT LAKE CITY--(Business Wire)--
Nexia Holdings, Inc.'s (OTCBB:NXHL) subsidiary Kearns Development
Corporation signed a Real Estate Purchase Contract for the sale of the
12,000 sq. ft. office building located in Kearns, Utah. The agreement
for the sale of the property provides for a purchase price of
$830,000.

The closing is expected to occur on or before August 1, 2008. CEO
Richard Surber observed, "The existing mortgage on the property is
currently estimated to be $565,000. The sale of this property will
improve our cash flow and working capital position."

Mr. Surber continued, "The commercial real estate market in Utah
is strong based upon my observations. However, I believe that there is
a lot of opportunity in the residential real estate market that Nexia
intends to explore. I would like to point out that Nexia's entire
market capitalization is a mere $190,000 which is substantially less
than the net proceeds we expect to collect from the sale of this
single property."

About Nexia Holdings, Inc.

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. Nexia owns a majority
interest in Landis Lifestyle Salons, www.landissalons.net, a hair
salon built around the world-class AVEDA(TM) product line. Through its
Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and
design firm Black Chandelier and its related brands. Black Chandelier
is retooling its operations to focus predominately on its online store
at www.blackchandelier.com. For more information on Nexia, 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 10-Q for
the quarter ended March 31, 2008. Nexia's disclosures can be viewed at
www.nexiaholdings.com and www.sec.gov.

This press release contains forward-looking statements that are
based on a number of assumptions. The above statements further assumes
that the purchase of the property occurs.

Nexia Holdings, Inc.
Richard Surber, President, 801-575-8073 x 106
RichardSurber@nexiaholdings.com
www.richardsurber.com

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