SOURCE: Expo Holdings, Inc.

June 24, 2009 10:10 ET

Expo Holdings Completes Debt Restructuring

NORTH WILKESBORO, NC--(Marketwire - June 24, 2009) - Expo Holdings, Inc. (PINKSHEETS: EXPH) completes debt restructuring.

James D. Brown, CEO, stated, "We have now completed the final stages of our debt restructuring. Including the restructuring of nearly $400,000 in short term loans with Southern Community Bank and Wachovia Bank into long term notes. These conversions were made under favorable interest conditions. Recently, we also completed our share restructuring. Both of these tasks were completed in preparation for our short term growth strategy."

Additionally, Brown stated, "We also continue to enjoy a great relationship with Crestmark Bank. We still operate and use a 1M credit facility with them. The company anticipates a continued relationship and access to this capital throughout 2009 & 2010."

Shareholders are always welcome to visit. Please contact us at 336-667- 8765 and make your arrangements 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 Lowe's Companies. 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 Information

  • Contact:
    J.D. Brown
    D&D Displays, Inc.