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Nexia Holdings, Inc.: Nexia Signs Stock Exchange Agreement With Seamless Corporation for $1,000,000 of Preferred Stock

^{Published on 2009-03-19 06:29:11, Last Modified on 2009-11-03 18:58:47 - Market Wire}
 

SALT LAKE CITY, UT--(Marketwire - March 19, 2009) - Nexia Holdings, Inc. (OTCBB: [ NXHD ]) reported that it has executed a Stock Exchange Agreement with Seamless Corporation (OTCBB: [ SMWF ]) to exchange 200,000 shares of Nexia's Series C Preferred Stock, with a stated conversion value of $1,000,000 for $1,000,000 of Seamless Corporation's Series "C" Preferred Stock. The closing on the exchange is to take place within the next 10 days pending the delivery of the necessary documentation to the respective transfer agents of the two parties to the agreement.

Mr. Surber, CEO of Nexia, commented, "This is one of several such exchanges that I have been exploring over the past few weeks. I am pleased to see the discussions produce a final agreement that I believe will be of benefit to Nexia. I will continue to seek to expand the portfolio of investments that Nexia holds for the benefit of its operations."

Mr. Albert Reda, the President of Seamless Corporation, expressed his opinion that, "The benefit is that Nexia and Seamless will both have additional exposure within the OTCBB investment community, which is a plus for both companies."

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's subsidiary, Green Endeavors, LTD (PINKSHEETS: [ GRNE ]), [ www.green-endeavors.com ], owns a majority interest in Landis Lifestyle Salon, [ www.landissalons.com ], 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 an online store at [ www.blackchandelier.com ]. For more information, 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 the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at [ www.nexiaholdings.com ] and [ www.sec.gov ].