NXRA Nextera Enterprises Inc (CE)

Nextera Enterprises, Inc. (OTCBB: NXRA), announced that it will relocate its corporate offices to Panorama City, California, consolidating its corporate operations with its wholly-owned operating subsidiary Woodridge Labs, Inc. The Company also announced that it has hired Antonio Rodriquez as Chief Financial Officer of Nextera Enterprises, Inc. as well as Woodridge Labs to replace Michael Muldowney who has announced his intention to resign from Nextera in connection with the relocation to California. To assist with the transition, Mr. Muldowney will remain with the Company as its Chief Operating Officer and also serve as Nextera�s principal financial officer until March 31, 2007. Scott Weiss, Woodridge Labs� former Chief Financial Officer and a current director of Nextera, will assume the role of Chief Operating Officer of Woodridge Labs. Mr. Rodriquez, currently the Chief Accounting Officer of Capstone Turbine Corp., a publicly traded leading producer of low-emission microturbine systems, will join Nextera and Woodridge Labs on January 31, 2007. Previously, Mr. Rodriquez served as Vice President of Finance of ValueClick, Inc., one of the world�s largest integrated online marketing companies. Earlier in his career, Mr. Rodriquez was with the public accounting firm of KPMG for over 10 years. Richard V. Sandler, Chairman of Nextera�s Board of Directors, said, �On behalf of the Board of Directors, I would like to thank Michael for his significant contributions to Nextera since the Company�s formation. We are pleased that Michael will remain with Nextera through March 2007 to assist with the relocation of the corporate offices and the transitioning of the financial duties as well as agreeing to serve as a consultant to the Company for four months following his departure. We wish him the best of luck in his future endeavors.� �The consolidation of the corporate functions will result in the Company having all of its corporate operations under one roof and we expect to capture operating efficiencies and reduce expenses. We expect these initiatives to be accretive to 2007 earnings,� said Joe Millin, President of Nextera. About Nextera Enterprises, Inc. and Woodridge Labs, Inc. Woodridge Labs, Inc. is a wholly-owned subsidiary of Nextera Enterprises Inc. through which all of Nextera�s business operations are conducted. Woodridge is an independent developer and marketer of branded consumer products that offer simple, effective solutions to niche personal care needs. More information can be found at www.nextera.com and www.woodridgelabs.com. Forward-Looking Statements Except for the historical information contained herein, this news release contains "forward-looking statements" reflecting management's current forecast of certain aspects of Nextera�s future. Some forward-looking statements can be identified by forward-looking words such as "believe," "think," "may," "could," "will," "estimate," "continue," "anticipate," "intend," "seek," "plan," "expect," "should," "would" and similar expressions. This news release is based on current information, which we have assessed but which by its nature is dynamic and subject to rapid and even abrupt changes. Our actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business. Factors that could cause actual results to differ are detailed in �Item 1A.Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission on March 31, 2006, as updated by our subsequently filed Quarterly Reports on Form 10-Q. All forward-looking statements included in this news release should be considered in the context of these risk factors. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors and prospective investors are cautioned not to place undue reliance on such forward-looking statements.