Buffalo, NY 12/4/2009 2:05:28 AM
News / Business

Expo Holdings, Inc. reports impressive summary

Expo Holdings, Inc. recently released the summary of what was said by James D. Brown, company CEO and Chairman.  There was a lot of information that was covered, but a couple things that stood out and that should be mentioned include first the significant gain in market cap of the company, which increased from .0015 to high .006s to the low .007s.

 

A second topic discussed was how management is forecasting $9,000,000 to $11,000,000 in annual sales for 2010 down from previous estimates of $17,000,000 plus.  The economy continues to struggle and Expo Holdings believe that any broad based U.S. economic recovery may be delayed into 3rd or even 4th quarter 2010.

 

Expo Holding, Inc. currently has entered into an agreement to supply a nationwide retailer with the new proprietary product ETC. It is management's best estimate that by January 10, 2010 this retailer will begin store level training and implementation.

 

Currently EXPH is a ‘pinksheet’ company and will remain as such for the remainder of 2009.  Although satisfied so far, they aspire to trade on a higher exchange.

 

James D. Brown ended by stating, "The company continues to serve such companies as Kronotex USA, Lowe's Home Improvement, Inc., Harris Teeter, Inc., and many notable others. The company expects these and other customers to strengthen in mid to late 2010, and increase their purchases as they scramble to gain market share amidst recovering retail spending."

 

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Expo Holdings, Inc. 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, and Lowe's Companies. D&D Displays has been in operation since 2000 and joined Expo Holdings in 2006.

 

 

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