Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced that it has signed an agreement to acquire a 100% interest in Revel Entertainment, LLC from Ben Gourley. Revel Entertainment has played a role in producing independent films, such as "Moving McAllister" that is currently playing on Showtime, as well as "Repo," a new film which is expected to debut at the San Diego Film Festival this year.

Mr. Richard Surber, CEO of Nexia commented, "I am very excited to have the opportunity to enter the independent film industry with individuals that have a proven track record of success." Revel currently owns an action film written by Ben Gourley. The script is a high intensity action film set to film in Utah. Revel anticipates shooting to begin in late October of this year.

Revel's managing member, Ben Gourley, is emerging as a genuine multi-talented force in Hollywood with writing, producing, acting, and directing all on his resume. Gourley will make his directorial debut, as well as writing and starring in his new film "Repo," the story of two friends who want out of the repo business and hatch a harebrained scheme to steal all the cars they have repossessed. The film stars Ben Gourley, Jason Mewes, Izabella Miko, and Lindsey McKeon and will be released later this year.

Mr. Gourley was the creative giant behind Magnolia Pictures' "Moving McAllister," which he wrote, produced, and starred in with Mila Kunis, Jon Heder, and Rutger Hauer. Other films in which Gourley has acted include "Love and Mary," "Pride and Prejudice," and "Saints and Soldiers," the last of which won numerous film festival awards and was nominated for the Independent Spirit Award. Gourley has also appeared on the small screen in the ABC TV movie, "Everything You Want."