Nexia Holdings, Inc. (Nexia) has three general areas in which it conducts business operations. The oldest is the acquisition, leasing and selling of commercial real estate properties in the greater Salt Lake City, Utah area. A subsidiary of the Company holds ownership interests in Landis Salons, which operates two Landis Lifestyle Salons selling Aveda products exclusively. These salons are located in Salt Lake City and Bountiful, Utah. At December 31, 2007 another subsidiary, Gold Fusion Laboratories, Inc. (GFL), operated four retail clothing stores under the name Black Chandelier in Utah and an online store at www.blackchandelier.com. Subsequently, GFL closed two of the Black Chandelier stores and ceased operations on March 31, 2008. Nexia executed upon its security interest in all of the assets of GFL and reinvested them into Style Perfect, Inc., a subsidiary that operates two Black Chandelier retail locations and the online store.