- Expects to Add $1 Million in Annualized Revenues - SALT LAKE CITY, Utah, Feb. 1 /PRNewswire-FirstCall/ -- Nexia Holdings, Inc. (OTC:NEXH) (BULLETIN BOARD: NEXH) , through its wholly owned subsidiary Gold Fusion Laboratories Inc., announced today its expansion plans to open its second Black Chandelier retail store with General Growth Properties (NYSE: GGP); and its fifth Black Chandelier location. The parties have agreed in principle to open a Black Chandelier retail location in the GGP-owned and operated Boise Town Square Mall located in Idaho's state capital of Boise. The Town Square Mall comprises over one million square feet of prime retail space, and currently draws over 10 million shoppers annually. The Black Chandelier store is expected to open in June of 2007. Recent pictures of the company's flagship Black Chandelier store can be viewed at http://www.blackchandelier.com/fashionplace.html. Richard Surber, president of Nexia Holdings, Inc., stated, "We are excited to pursue the cooperation of General Growth Properties into the expansion plan of the Black Chandelier label for additional retail outlets. The opening of this store should add $1 Million in revenues within its first year of operations. I will be visiting other GGP properties in the Western United States with Jared Gold beginning in February to scout for new locations to continue our retail expansion. Our future plans include having a total of 50 operating Black Chandelier retail outlets by the end of 2011." "Black Chandelier will join a diverse blend of today's hottest national and regional merchants in the Town Square Mall. We are very excited to move quickly with our plans to expand our innovative Black Chandelier retail concept. Our national reach will significantly grow from here," commented Jared Gold, founder and head designer of Black Chandelier. Five major department stores anchor the Town Square Mall: Macy's, Dillard's, JCPenney, Sears and Mervyn's. Other stores exclusive to the Mall in the Boise area include: Pottery Barn, Ann Taylor, Banana Republic, Abercrombie & Fitch, American Eagle, Cheesecake Factory, Border's and Talbot's. The Town Square Mall is located at the intersection of Franklin and Milwaukee off of interstate I-84 and I-184, in the city of Boise, Idaho. 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 http://www.nexiaholdings.com/ and http://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 Landis operations 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 opening of additional Landis locations. Nexia's assumptions are further contingent upon Landis being able to properly staff its additional locations. 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. FOR MORE INFORMATION, CONTACT: Richard Surber, President 801-575-8073 x 106 Fax: 801-575-8092 or email DATASOURCE: Nexia Holdings, Inc. CONTACT: Richard Surber, President of Nexia Holdings, Inc., +1-801-575-8073 x 106, or fax, +1-801-575-8092, or Web site: http://www.nexiaholdings.com/

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