Nexia Expands Black Chandelier Retail Operations.

SALT LAKE CITY -- Nexia Holdings, Inc. (OTCBB: NEXH) announced today that its subsidiary, Gold Fusion Laboratories Inc. (GFL), executed a lease for a 1,504 square foot retail location in The Shops at Riverwoods, located at the southeastern corner of 4800 North Street and University Avenue in Provo, Utah. Architect Horn & Partners and a contractor, CRC Construction, have both been retained to complete the construction/renovation for the space. "We are focused on artistic build-outs that create a sense of wonder and function as tourist attractions," commented lead Black Chandelier designer, Jared Gold, on the company's plans to open at least 30 additional stores over the next five years. The Riverwoods opening is slated for early November, just in time for the holiday sales season. Revenues of $420,000 are anticipated for this location's first year of operation.

The plans for additional locations rolled out across the United States over the next 5 years and working with blue chip companies such as General Growth Properties (NYSE:GGP) and Simon Property Group (NYSE:SPG) has created a grand opportunity for Black Chandelier to bring its specialized vision and eccentric product directly to consumers. "I expect producing premier and high profile locations will contribute greatly to the success of Black Chandelier," stated Richard Surber, CEO of Nexia Holdings, Inc. Mr. Surber continued, "Black Chandelier is a more artistic alternative to retailers such as the Gap, Inc. (NYSE:GPS). Nexia is becoming a major force in the retail clothing industry."

GFL currently operates 2 Black Chandelier retail locations in Salt Lake 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.

Nexia is a holding company with real estate and retail operations. 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 at least $250,000 in additional capital over the next 30 days 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. 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.