SALT LAKE CITY, UT--(Marketwired - Apr 7, 2014) - Nexia Holdings, Inc. (
Richard Surber, CEO of Nexia, commented, "Obtaining the return of these shares of outstanding preferred stock is part of my continuing efforts to improve the capital structure of Nexia. The redemption of these shares will significantly curtail any future potential dilution. I will continue my efforts to further reduce the issued and outstanding Series C Preferred stock. Furthermore, it should be noted that no insiders will be allowed to sell any shares into the open market until or unless we obtain fully reporting status with the Securities and Exchange Commission."
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (
Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.otcmarkets.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.