NXHD - Beware Of The New Pump

Just type a search for NXHD on this blog and you will find most of the information you will ever need concerning the stock.

Today's press release does not change any of the facts about the stock, most notably its bidless nature, equating to a stock that is easily purchased at $.0001 but impossible to get out of.  Hence shareholders are stuck holding shares in a stock that has over 10 billion outstanding as of June, with likely a heck of a lot more dumped into the market since then. 

If holding worthless share certificates is a hobby of yours, than NXHD might just be the stock for you to focus your hobby energies on.

Nexia Signs Three Letters of Intent to Acquire Residential Properties in Ogden, Utah
SALT LAKE CITY, UT, Nov 10, 2009 (MARKETWIRE via COMTEX) -- Nexia Holdings, Inc. (PINKSHEETS: NXHD) reported that it has signed three letters of intent to acquire three residential properties located in the Ogden, Utah area. The purchase prices for the properties are as follows: $95,000, $125,000, and $170,000; the first two are single family residences and the last property is a triplex. Total compensation in the form of 92,800 restricted shares of Series C Preferred Stock of Nexia would be issued to the sellers upon the closing of the final purchase of the properties according to the terms of the letters of intent. These agreements are part of Nexia Holdings' real estate acquisition program and show the promise of the program even during the current downturn in the overall real estate market. Nexia's President, Richard Surber, stated, "I am hopeful that we can get back to growing this program and developing these properties into income sources for Nexia's real estate operations over the next 12 to 14 months."
About Nexia Holdings Inc.
Nexia Holdings Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, real estate and health & beauty. Nexia owns a majority interest in Landis Salons, Inc., www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. For more information, visit http://www.nexiaholdings.com.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarters of 2008. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov. The success of the above strategy is conditioned upon a substantial increase in liquidity of Nexia's common stock, an eventual recovery in the real estate markets that Nexia invests in and many other factors which will emerge as Nexia executes upon its acquisition strategy.
SOURCE: Nexia Holdings, Inc.

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SUBJECT CODE:     Real Estate and Construction:Residential Real Estate
                  Real Estate and Construction:Commercial Real Estate