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News for 'NEXH' - (Nexia Signs Contract to Purchase Lot Next to Downtown Development Property in Salt Lake City)
SALT LAKE CITY, May 16, 2006 (BUSINESS WIRE) -- Nexia Holdings Inc. (OTCBB: NEXH) announced that its subsidiary Downtown Development Corp., through its president Richard Surber, has executed a Commercial Real Estate Purchase Contract for the purchase of a lot immediately adjacent to its existing property and building located at 1374 S. State St. Closing on the purchase is set for no later than June 14, 2006, pending completion of due diligence and arranging financing for the purchase.
The total purchase price for the property has been agreed upon at $250,000. Nexia expects to arrange for financing of 75-80% of the purchase and make a cash down payment of the balance.
"The purchase of this lot opens up several options for the expansion of uses and thus potential tenants for the current building operated by Downtown Development on South State Street," said Richard Surber, president of Nexia Holdings Inc. "We are already exploring potential uses and tenants for the site with real estate professionals in the area."
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for Dec. 31, 2005. Nexia's disclosures can be viewed at www.sec.gov. This press release is not a solicitation to buy or sell any securities. Nexia strongly encourages investors to only invest monies that they can afford to lose. Nexia is a high-risk security known as a penny stock.
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News for 'NEXH' - (Nexia Initiates Public Relations Campaign)
SALT LAKE CITY, May 18, 2006 (BUSINESS WIRE) -- Nexia Holdings Inc. (OTCBB: NEXH) announced that it has signed an agreement with CollegeStock Inc., of Tempe, Ariz., to provide public relations services to Nexia. These services are to include generation of a detailed profile of the company, e-mail alerts to CollegeStock's members, additional distribution of press releases, creation of a message board on CollegeStock's Web site, and CollegeStock will retain a chartered financial analyst to write a 6-15 page research report on the company. This agreement has a term from May 3, 2006 through June 3, 2006, for a fee of $25,000, and may be renewed at the company's discretion on a month-to-month basis for a monthly fee of $10,000.
Nexia's President Richard Surber has agreed to provide an interview to "It's About Finance." This interview will be available to the public on Nexia's Web site, www.nexiaholdings.com, and www.itsaboutfinance.com early next week. He will be discussing Nexia's plans for growth and development. These plans include Nexia's investment in Landis LLC and www.blackchandelier.biz, and the further development of each enterprise.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for Dec. 31, 2005. Nexia's disclosures can be viewed at www.nexiaholdings.com or www.sec.gov. Interested persons are also encouraged to view www.blackchandelier.biz and www.landissalon.com. This press release is not a solicitation to buy or sell any securities. Nexia strongly encourages investors to only invest monies that they can afford to lose. Nexia is a high-risk security known as a penny stock.
SOURCE: Nexia Holdings Inc.
CONTACT: Nexia Holdings Inc., Salt Lake CityRichard Surber, 801-575-8073, ext. 106 Fax: 801-575-8092E-mail: hudconsult*aol.com
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