SOURCE: Expo Holdings, Inc.

October 11, 2007 08:57 ET

Expo Holdings, Inc.'s Board of Directors Unanimously Approves the Retirement of 187,268,400 Common Shares

Officers Shall Receive for Each 10 Common Shares Returned to the Treasury for Retirement One "Class A Convertible Preferred" Share

NORTH WILKESBORO, NC--(Marketwire - October 11, 2007) - Expo Holdings, Inc. (PINKSHEETS: EXPH) board of directors unanimously approves the retirement of 187,268,400 shares. Officers of Expo Holdings, Inc. will return common shares and receive one (1) Class A Convertible Preferred share for each 10 common shares returned to the treasury.

According to J.D. Brown, Chairman and CEO of Expo Holdings, Inc., "Retirement of these shares will lower our outstanding common shares significantly. Our shareholders should be very pleased with this decision by the Expo Board of directors. Once the shares are retired our outstanding common shares will be reduced from just over 500,000,000 to 320,238,693."

Additionally, J.D. stated, "Our board is keenly aware of the need to consistently enhance shareholder value. Expo will continue to make efforts to enhance our shareholders value, as well as position our company for potential radical growth over the next two years. We have an open book policy here at Expo, if you are a shareholder and would like to visit us or give us your input, please feel free to stop by."

Guardian Registrar & Transfer, Inc. our transfer agent, may be contacted at clientservices@guardiantransfer.net.

All shareholders are warmly invited to visit Expo Holdings, Inc. Please contact Sandra Hill at 336-667-8765 to make your appointment to visit.

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.

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information

  • Contact:
    J.D. Brown
    CEO
    Expo Holdings, Inc.
    336-667-8765