Nexia Announces Grand Opening in Provo.

SALT LAKE CITY -- Nexia Holdings, Inc. (OTCBB: NEXH) announced today that its subsidiary, Gold Fusion Laboratories Inc. (GFL), will celebrate the opening of its new location in The Shops at Riverwoods, located at the southeastern corner of 4800 North Street and University Avenue in Provo, Utah with a ribbon cutting ceremony at 4:30 p.m. Friday, December 8, 2006. The Provo Chamber of Commerce will have a representative in attendance to help head designer Jared Gold with the ribbon cutting ceremony.

The public is invited to attend both the ribbon cutting and the grand opening party that will begin at 7:00 p.m. in the store location, that will include a performance by the Misfit Toys Band and pictures with the world renowned Hot Pink Santa.

Richard Surber, president of Nexia, and Jared Gold, head designer for GFL, both expressed their satisfaction with the new store's location and appearance, indicating their confidence in the positive feedback to the store's opening from the consumer market in the greater Provo area.

GFL currently operates 3 Black Chandelier retail locations in Salt Lake in addition to the store in Provo, Utah and a store on the web at www.blackchandelier.biz. Black Chandelier designs, produces, and manufactures a majority of the items sold under the trademarks: Black Chandelier, Jared Gold, Olfactory Surrealism and Pink Chandelier. The stores also carry merchandise from Wrangler Jeans, Le Sportsac, Taschen books, Lomography Cameras, and Tokidoki Italy. To find additional information about Black Chandelier go to www.blackchandelier.com.

Plans are underway to open at least 50 additional Black Chandelier retail locations throughout the United States over the next 5 years.

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 www.nexiaholdings.com and www.sec.gov.

This press release contains forward-looking statements that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Black Chandelier operation in a short period of time. The above statements further assume that Nexia can obtain sufficient capital to execute expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the design and manufacture of Black Chandelier products on a substantially larger scale. Nexia's assumptions are further contingent upon the appeal of its products and concepts to at least one major or national REIT or other retail shopping mall owner. 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.