Stocks And Bonds

Nexia Set to Acquire Seven Residential Properties in Northern Utah

Market Wire, January, 2009

Nexia Holdings, Inc. (OTCBB: NXHD)
reported that the new management of Wasatch Capital Corporation has
identified seven new properties for acquisition under the real estate
acquisition strategy being implemented under Richard Surber's direction.
The total value of the properties is estimated to be $1.6 million and the
company is currently conducting reviews and due diligence on the properties
to establish the final purchase numbers and condition of the individual
properties. The properties range in estimated value from $90,000 to
$480,000 and are all located in the northern Utah area, from the Salt Lake
Valley north to Ogden, Utah.

Richard Surber, CEO of Nexia Holdings, stated, "These acquisitions would
bring our residential property holdings up to a total of 10 properties and
I believe that the growth of our portfolio would make future acquisitions
easier. The success and future operations of Wasatch Capital Corporation
under its new management utilizing our real estate acquisition strategy
appear to be on track."

About Nexia Holdings Inc.

Nexia Holdings Inc
ogden real estate

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