|
| ||||||||||||||
Expo Holdings, Inc. Achieves Major Milestone, Projects $22M in Revenue by 2009 NORTH WILKESBORO, NC--(MARKET WIRE)--Jul 21, 2008 -- Expo Holdings, Inc. (Other OTC:EXPH.PK - News), a holding Company,
which wholly owns D&D Displays, Inc., is excited
to announce it will formally begin work on a joint venture
project that
could exceed $22M in revenue. Details on the project, joint venture partner and customer are currently being withheld for later release to protect the company's interests. Expo Holdings would also like to welcome Congresswoman Virginia Foxx on July 28, 2008. Formal information regarding her visit and agenda will be released by her office. The company will release additional press releases concerning this related visit. The project is for one of the nation's larger retail store chains that serve up to 10M customers a week. The company will begin production in October on the first store packages and expects to ship several of the initial orders in late October. The scope of the project consists of up to 750 stores across the United States. The company estimates up to $22M in revenue related to the project, most of which would be generated in 2009. Audited financial statements for 2006 and un-audited statements for 2007 are available on pinksheets.com. The company will file 1st and 2nd quarter financials for 2008 shortly. James D. Brown, Expo Holdings CEO, stated, "This is a milestone achievement and a large step in our long term growth strategy. Our goal has always been to achieve annual sales of over $25M and to seek a listing on a major exchange. With strong growth secured we will shift focus to our transparency to shareholders by becoming a fully reporting company. I would also like to thank Congresswoman Virginia Foxx for taking time from her busy schedule to visit us and to view our progress. I look forward to her comments and suggestions." The company will host an open house, and meeting for shareholders and investors in October at its production facility to view production on this significant project as well as discuss future plans and growth strategy for 2009. The company will also host a conference call in conjunction with the release of its 1st and 2nd quarter earnings, at a date and time to be specified shortly. This purpose of this call is to provide guidance for the remainder of 2008 and to unveil the company's long term growth strategy. As always, shareholders are extended an open invitation to tour our facilities and meet our team. Contact Donna to make your appointment for a tour at 336-667-8765. About Expo Holdings, Inc. Videos on management, company products and production can be viewed at http://www.youtube.com/user/EXPOHOLDINGS Expo Holdings operates in North Wilkesboro, NC. D&D Displays is a wholly owned subsidiary of Expo Holdings, which specializes in custom cabinetry and high end store fixtures for retail vendors such as Newell-Rubbermaid, Inc., Bosch Tool Corporation, Kronotex, USA, and S&K Men's Wear. D&D Displays has been in operation since 2000 and joined Expo Holdings in 2006. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Contact: Contact:
Chad Sykes
Investor Relations
Email Contact
Source: Expo Holdings, Inc.
| ||||||||||||||