Salt Lake City, UT, June 22, 2009 --(PR.com
)-- Nexia Holdings, Inc. (NXHD.PK) reported that it has executed a Stock Exchange Agreement with RoboServer Systems Corporation (RBSY) to exchange 200,000 shares of Nexia’s restricted Series C Preferred Stock, with a stated conversion value of $1,000,000 for $1,000,000 of RoboServer’s Preferred Stock. The closing on the exchange is to take place before June 27, 2009 pending the delivery of the necessary documentation to the respective transfer agents of the two parties to the agreement.
Mr. Surber, CEO of Nexia, commented, “With the acquisition of RBSY’s convertible preferred shares, Nexia’s portfolio of investment securities will have a face value of $3.5M. I am hopeful that Nexia will be able to convert portions of its investments into cash upon complying with Rule 144. Nexia just might be able to self finance the opening of multiple salons in the coming years with the proceeds of such investment.”
About Nexia Holdings, Inc.:
Nexia Holdings, Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in health & beauty and real estate. Nexia's subsidiary, Green Endeavors, LTD (OTC:GRNE), www.green-endeavors.com, owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA™ product line. For more information, visit
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at www.nexiaholdings.com, www.sec.gov, and www.pinksheets.com. Nexia ceased being a fully reporting company in April 2009.
The investments discussed above are highly speculative. The value of the portfolio securities mentioned above are based upon the stated value as described in their respective certificates of designation. There is a risk that the securities acquired may have no value or a higher value upon conversion into shares of common stock in each company that Nexia owns a position.
Richard Surber, President
Nexia Holdings, Inc.
801-575-8073 x 106