Nexia's Film Division Sells Licenses For Foreign Distribution Rights For Its Feature Length Film: The Kane Files

Nexia's Film Division Sells Licenses For Foreign Distribution Rights For Its Feature Length Film: The Kane Files

SALT LAKE CITY, Jan. 13, 2011 /PRNewswire/ -- Nexia Holdings, Inc.'s (Pink Sheets: NXHD) subsidiary Revel Entertainment is pleased to announce that ithas licensed the rights for the distribution of The Kane Files in the following territories: United Kingdom, Brazil, and the Middle East. These are only the first of more distribution contracts being discussed. Revel expects to deliver the film by the close of the first quarter in 2011.

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The following is a list of the companies that licensed the rights to The Kane Files: United Kingdom, High Fliers (Scanbox UK); Brazil, Playarte; and Middle East, Falcon Films.

According to Internet Movie Database, the distribution companies that have purchased the rights to The Kane Files have been responsible for the distribution of 100s of films, collectively. Some of the more notable films include: The Mask, Rush Hour 2, Gosford Park, Harold & Kumar Escape from Guantanamo Bay, Bangkok Dangerous, Jeepers Creepers, About Schmidt, Much Ado About Nothing, Three Amigos!, Soul Men, Far Cry, Badland, The Great Debaters, Get Low, and many more films.

Richard Surber, CEO of Nexia commented, "I am ecstatic about the prospects for The Kane Files. This is just the start of our efforts to license the rights to distribute The Kane Files. We have three very solid foreign film companies that have licensed the rights to the film. I, personally, am thinking in terms of what the value of this film is to Nexia if a major U.S. based film distribution picks up the film. What happens if DVD's are available in multiple worldwide retail outlets as a result of a major distribution company buying the rights to the film? What would be the impact if 500,000 or more copies were sold over the coming months and years? What if the film is viewed a million times through rentals or online venues? The prospects are very encouraging for a small company like Nexia."

Help us create more buzz around The Kane Files and for all of the latest updates on the progression of The Kane Files including trailers, key art, movie posters, and more on its Facebook page. Please become a fan of The Kane Files Facebook page.

Nexia's wholly owned subsidiary Revel Entertainment, Inc. owns a majority interest in Aesop Pictures LLC, which owns The Kane Files. The Kane Files was filmed exclusively in the State of Utah. The film stars Drew Fuller (Winner of the Best Actor Award at San Diego Film Festival in 2010), Ethan Embry, William Atherton, and William Devane.

About Nexia Holdings, Inc.

Nexia Holdings, Inc. (Pink Sheets: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, health & beauty, and real estate. Nexia owns a majority interest in Green Endeavors, Inc. (GRNE), www.green-endeavors.com, which operates Landis Salons, Inc. and Landis Salons II, Inc., www.landissalons.com, hair salons built around the world-class AVEDA((TM)) product line. Through its newly acquired entertainment division, Revel Entertainment, Inc., Nexia has plans to acquire the rights to several independent films. More information can be found by visiting www.nexiaholdings.com and www.multivu.com/players/English/46904-nexia-holdings/.

Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.pinksheets.com. Nexia will require a significant influx of capital in order to effectively execute upon its various operational plans. The actual results that Nexia may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Investors should not invest more than they can afford to lose in penny stocks.

FOR MORE INFORMATION, CONTACT:
Richard Surber, President
Nexia Holdings, Inc.
801-575-8073 x 106
RichardSurber@nexiaholdings.com

SOURCE Nexia Holdings, Inc.

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Nexia Holdings, Inc.

CONTACT: Richard Surber, President, Nexia Holdings, Inc., +1-801-575-8073 x 106, RichardSurber@nexiaholdings.com

Web Site: http://www.nexiaholdings.com

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