SOURCE: Expo Holdings, Inc.

July 31, 2008 09:16 ET

Expo Holdings, Inc. Values Southern Candle Acquisition at $0.02 per Share, Provides Corporate Update

NORTH WILKESBORO, NC--(Marketwire - July 31, 2008) - Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company which wholly owns D&D Displays, Inc., is pleased to announce it has valued the Southern Candle acquisition at $0.02 per share and wishes to provide an update to shareholders.

Southern Candle, Inc. Acquisition -- Both parties have agreed to value the acquisition at $0.02 per share. The shares are restricted for a period of 1 year upon issuance. The company will also pay up to $100,000 in cash in addition to the shares. The acquisition has been priced at $2,000,000. Southern Candle, Inc. has substantial assets and little liabilities or debt. Both companies agree that $0.02 per share is a more accurate reflection of the company's value.

Visit By Congresswoman Virginia Foxx -- The Company recently hosted a visit by Congresswoman Virginia Foxx. The visit was a success; shareholders, the local Chamber of Commerce and local business owners attended the tour. The upcoming contract is expected to double the employee base of D&D Displays as well as generate income for the local economy. The company was interviewed by a local radio station after the visit. The company will issue a follow up once Congresswoman Virginia Foxx has published comments on her visit.

Capital Structure, Recent Transactions -- The Company is in the process of converting $108,000 in debt by converting a promissory note owed to the officers of Southern Candle. These shares have not entered the public market. The company now currently has 406,637,329 shares issued and outstanding.

The company has released the transfer agent so that shareholders may now obtain outstanding share information via phone at 954-915-0105. Please do not make multiple phone calls per day to the transfer agent as we must be respectful of the transfer agent's time and willingness to accept the calls.

Financial Reports, Pro Formas and Pending Audit -- The company has engaged a pre-audit CPA to assist the company in preparing to complete its PCOAB audit as well as complete 2009 Pro Formas to be included on its Form S-1 registration statement. The company is currently reviewing quotes from several auditors in order to complete the combined 2007 and 2008 stub period financials. It is expected an engagement will be made and announced shortly. 2006 audited financials are already posted on

Filing of Form S-1 -- The Company is currently reviewing quotes from Securities Attorneys to prepare and file a Form S-1 to provide a public offering and to become a fully reporting company. It is expected an engagement will be made and announced shortly.

Financing -- The Company is expecting to raise between $1.5M and $3M of Senior Preferred Debt in conjunction with its filing of a registration statement on Form S-1. The funds will be used to carry initial costs of its previously mentioned expected growth. The funds will also be used to expand operations and launch its retail initiatives. Future acquisitions will be made with a combination of cash and common stock. The company will not consider acquisitions via stock below the $0.02 per share threshold.

Short Position -- The Company has recently been made aware of short positions in its common stock. The Company is continuing to monitor the situation. Requests to change trading symbols and cusips have been received and reviewed and it has been determined that they are likely to be met with minimal if any success. We are placing our trust in the strength of our loyal shareholder base.

The company informs shareholders that our share structure is in a state of change. We are currently involved with the Southern Candle Acquisition and have begun final preparations for 2 more acquisitions previously announced. The company's share structure will change during this time.

The company has offered a Board of Directors seat to former NBA superstar Karl Malone. The company is awaiting formal response.

The company has begun work on the joint venture previously announced on July 21, 2008 and expects significant shipments to begin earlier than expected. Originally we expected to begin shipments in late October; we now believe shipments will be made as early as mid September.

The company will provide additional information regarding a shareholder conference call. The purpose of this conference call is to answer shareholder questions and provide 2009 guidance.

As always, shareholders are warmly invited to tour our facilities, and meet the management team. For more information contact Donna at 336-667-8765.

About Expo Holdings, Inc.

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.

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