PRESS RELEASE

For more information:

Mike Bauer, President & CEO, Nexxus Lighting, Inc.
407/857-9900   Email:  mbauer@nexxuslighting.com

NEXXUS LIGHTING ANNOUNCES 2007 1ST QUARTER RESULTS

Commercial Revenue up +30%, but overall Revenue decreases 10% due to softness in Residential Pool & Spa; International Sales

ORLANDO, Fla., May 15, 2007 – Nexxus Lighting, Inc. (NASDAQ Capital Market: NEXS (formerly SUPVA) announced financial results for the first quarter ended March 31, 2007.  The first quarter of 2007 will be known as the last in which the company operated under the name Super Vision International, Inc.  The company changed its name to Nexxus Lighting, Inc. in April 2007 as part of its new strategic plan to connect advanced technology with lighting products and systems.

Total revenue for the quarter was approximately $2.4 million, down 10% or $272,000 from approximately $2.7 million in the first quarter of 2006. Revenues were up 30%, or $240,000, in our commercial lighting division driven by a 148% increase in LED product sales in the quarter.  This significant increase was offset in part by a decrease of approximately $111,000 or 18% in international lighting sales and a decrease of $402,108 or 32% in sales to the pool and spa market. The decrease in sales in the pool and spa market was primarily related to the March 2007 decrease in sales where the industry saw purchases slow dramatically in correlation to the slow down in residential construction and unseasonably bad weather across much of the United States that has delayed spring pool construction nationwide. The international market saw decreases across several markets where the company had enjoyed previous successes with its sign lighting products, but where now aggressive local pricing tactics are being employed by competitors. The decrease in international sales was primarily driven by lower revenue from European, Middle Eastern and South American countries.
Gross margin for the quarter ended March 31, 2007 was approximately $995,000 or 41% as compared to approximately $1,153,000 or 43% for the quarter ended March 31, 2006.  Gross margin is dependent, in part, on product mix, as well as the mix of customers, which fluctuates from time to time.  The decrease in gross margin was primarily the result of the overall shift in product mix toward increased revenues from the sale of LED lighting products which generally have a lower gross margin than fiber optic lighting products.  Revenues from the sale of fiber optic lighting products accounted for 43% and 46% of the total revenue for the quarters ended March 31, 2007 and 2006, respectively.  While revenues from the sale of LED lighting products represented 53% and 48% of the total revenue for the quarters ended March 31, 2007 and 2006, respectively.        
“Our commercial lighting division is off to a very strong start in 2007, with revenue up 30% and LED product sales increasing significantly.  However, although we had forecasted lower Pool & Spa sales internally for the quarter, the decrease in revenue for the month of March was greater than expected and we foresee sales remaining softer in this market as residential construction remains soft nationally,” stated Mike Bauer, President & CEO of Nexxus Lighting, Inc.  “Our international sales were also down, driven by lower pricing and increased competition in the LED sign lighting business globally.  We have implemented an action plan to address the decrease in sales. With the success of our commercial lighting division and increases in sales of our Savi® brand LED products, and we believe we are making progress in increasing our share in the solid-state LED lighting market.”

“Operationally, on March 30th we moved from our old operating facility in Orlando to a brand new, more cost effective facility.  We have now completed the corporate name change, stock symbol change and we wrapped up the reclassification of our stock into a single common share.  All of these changes were part of our repositioning to become a leader in advanced lighting technology, and are expected to help us to grow both through new product development and strategic acquisitions.  Last week we announced that we have signed a non-binding letter of intent to acquire Advanced Lighting Systems, Inc., a leader in solid-state LED and fiber optic lighting technology based in Sauk Center, Minnesota.  The transaction is scheduled to close on or before July 31, 2007, subject to satisfactory completion of a due diligence review, approval of Nexxus’ board of directors and other customary closing conditions.  We plan to continue to execute on the key elements of our strategic plan and the commitments we have made to our customers and shareholders,” continued Mr. Bauer.

Operating expenses in the first quarter of 2007 were flat at approximately $1.37 million as compared to the same quarter of 2006.

Selling, general and administrative expenses were approximately $1,271,000 during the three months ended March 31, 2007 as compared to approximately $1,197,000 for the same period in 2006, an increase of approximately $74,000 or 6%.  The net increase was principally due to increases in depreciation expense of approximately $89,000, legal expenses of approximately $51,000, commission and royalty expenses of approximately $48,000, and bad debt expenses of approximately $14,000.  The increase in depreciation expense was primarily related to the depreciation of the carrying cost of leasehold improvements after impairment relating to the capital lease termination of the Company’s previous operating facility at 8210 Presidents Drive, Orlando, FL.  Effective April 1, 2007, the Company relocated to a new operating facility under a 5-year operating lease.  Increases in legal expenses were primarily related to general matters including Securities and Exchange Commission reporting requirements.  Commission and royalty expenses increased primarily as a result of the increase in revenue from sales in the commercial lighting market and bad debt expense increased mainly due to certain customer’s inability to pay for previous purchases.  These increases were offset, in part, by decreases in consulting fees of approximately $72,000 relating to a reduction in hiring and temporary staffing needs, labor and fringe costs of approximately $38,000 relating to lower staffing levels and property taxes of approximately $19,000 relating to lower property values.

Research and development expenses were approximately $101,000 during the three months ended March 31, 2007 as compared to approximately $170,000 during the same period in 2006.  The reduction in research and development expenses was primarily due to a reduction in new product development expense based on the timing of new product introductions and reduced purchases of prototyping and engineering supplies. Management believes strongly in new product development and has an ongoing plan for introducing new products in 2007 and beyond based on advanced LED technology.

As a result of the decreased revenue against virtually flat operating expenses, the Company reported a net loss of approximately $313,000, or $0.05 per basic and diluted common share, as compared to a net loss of approximately $215,000, or $0.08 per basic and diluted common share, for the quarter ended March 31, 2006.

EBITDA, which is Earnings Before Interest, Taxes, Depreciation and Amortization, is a non-GAAP measure which management uses as part of its performance appraisal in reviewing the Company’s ongoing operational business trends related to its financial condition and results of operations. The approximately $116,000 reduction in EBITDA for the three months ended March 31, 2007 to approximately ($88,000), as compared to EBITDA of approximately $27,000 for the same period in 2006 was primarily the result of reduced revenues and increased selling, general and administrative expenses as discussed above.

The Company was cash flow positive for the quarter and had cash and investments of approximately $7.0 million and working capital of approximately $9.9 million as of March 31, 2007.

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Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Reference is made to Nexxus Lighting’s filings under the Securities Exchange Act for factors that could cause actual results to differ materially. Nexxus Lighting undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.  Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.

Nexxus Lighting, Inc.
Condensed Statements of Operations (Unaudited)