With all of the doom and gloom surrounding the real estate market, the real estate market in Salt Lake City has managed to stay insulated and even prosper in the midst of an overall downturn. While median home prices have sagged in places like Los Angeles, where the median single-family home price has fallen by 21.6% from July 2006 to February 2008, prices in Salt Lake City have remained strong. For example, the median single-family home price grew from $173,900 to $203,000 in 2006, an increase of 16.7%, and again to $232,000 in 2007, an increase of 14.3%. Even in the midst of the much publicized current bear market, prices are expected to continue to rise by 3.5% in 2008 (Source: National Association of Realtors). With a substantial portfolio of properties in Salt Lake City, as well as a number of undeveloped parcels in Utah and Kansas, Nexia Holdings has demonstrated a track record of success in real estate investing, and has assembled a solid asset base with tremendous appreciation potential.

Nexia Holdings, Inc. (OTCBB: NXHL), 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 area of Salt Lake City since the early 1990’s. Nexia Holdings’ existing portfolio of properties includes the historic Wallace-Bennett Building (a 38,000 sq. ft. multi-story office building in Salt Lake City), a 7,000 sq. ft. one-story retail building on State Street in Salt Lake City, and 100,000 sq. ft. building located on West Sams Boulevard. The Company also owns seven small parcels of undeveloped raw land in Utah and Kansas. In addition to Nexia’s strategy of acquiring undervalued real estate targets with strong appreciation potential, the Company also operates Landis Lifestyle Salon (www.landissalons.net ) through its Health & Beauty Division and Black Chandelier (www.blackchandelier.com) through its Fashion Retail division. The primary focus of the holding company has always been to identify promising, overlooked entities in the market, regardless of sector or industry, and from there to foster expansion and growth in order to achieve maximum profitability and efficiency.

According to the most recent U.S. Economic Census data, in 2002 there were 74, 493 beauty salons in the U.S. with aggregate revenues of $11.21 Billion (Source: U.S. Census Bureau). Overall, hair and nail salons in the U.S. are expected to generate $47.41 Billion in 2008 (Source: IBIS World). Landis Lifestyle Salon, in the Sugarhouse/Liberty Heights neighborhood of Salt Lake City, is dedicated to bringing cosmopolitan style to the city with a commitment to environmentally sustainable practices. Landis is the only salon in Salt Lake City that is designated an E2 Business, a group of local businesses devoted to environmental and economic sustainability.

Nexia Holdings’ subsidiary Black Chandelier, a unique fashion concept bringing cutting-edge design to its clients, currently operates two retail locations. Black Chandelier recently opened its first concept store in the high-end shopping complex, The Gateway, in downtown Salt Lake. The store was engineered to be as much a tourist attraction as an innovative retail shopping experience. The stores are filled with art and curiosa, as well the abstract and fantastical clothing designs of Jared Gold. Black Chandelier gives customers the alternative they seek for individualism, resulting in fashion concepts that provide an answer to big box retail.