Company: Nexia Holdings, Inc.
OTCBB: NEXH

Nexia Holdings, Inc. (OTCBB:NEXH) announced today that Landis LLC, operator of the Landis Lifestyle Salon, an Aveda ™ branded salon located in Salt Lake City, Utah, is on track to generate at least $1,200,000 in gross revenues for the fiscal year ending December 31, 2006.

Salt Lake City, Utah June 7, 2006   . Nexia Holdings, Inc. (OTCBB:NEXH) announced today that Landis LLC, operator of the Landis Lifestyle Salon, an Aveda ™ branded salon located in Salt Lake City, Utah, is on track to generate at least $1,200,000 in gross revenues for the fiscal year ending December 31, 2006. Nexia's wholly owned subsidiary, Diversified Holdings I, Inc., (“DHI”) currently owns a 20% interest in Landis LLC. Richard Surber, Nexia's CEO and the sole managing member of Landis LLC, intends to sell his 60% interest in Landis LLC to DHI in 2006 and possibly before June 30, 2006 . Mr. Surber commented that “he is pleased with the revenue growth of Landis Lifestyle Salon.

Landis has generated estimated total revenues from opening on November 11, 2005 through May 31, 2006 of $600,000.” Mr. Surber further commented that “the Nexia team is already looking into plans to open an additional 2 to 3 locations in Utah over the next 12-18 months, each of which will carry Aveda ™ products exclusively.”

Nexia Holdings, Inc. is a real estate holding company that is looking to diversify its operations in 2006 to include retail operations in the multi billion dollar beauty and fashion industries. For more information on Nexia visit our websites at www.nexiaholdings.com   www.landissalon.com and www.blackchandelier.com .

Nexia Holdings, Inc. (OTC BB: NEXH)

Nexia has been in existence in excess of ten years. Over the past five years it has sharpened its focus to the real estate market and the purchase of under performing properties and through the repair and upgrade of those properties to increase their value and cash flow potential.

Current management of the company has been able to prove the effective nature of this business model and seeks to expand its scope through the acquisition of additional properties. Full time staff that includes property management, legal support and accounting services provides the necessary management and talent to continue the expansion track set by top management.

This could be a company that is very much in the right place at the right time!

DISCLAIMER: