SOURCE: Expo Holdings, Inc.

September 13, 2007 09:00 ET

Expo Holdings, Inc. Announces That It Will Retire 5,161,000 Free Trading Shares

Shares Have Been Purchased by Company in an Effort to Strengthen Shareholder Equity

NORTH WILKESBORO, NC--(Marketwire - September 13, 2007) - Expo Holdings, Inc. (PINKSHEETS: EXPH) announces that its board has directed the retirement of 5,161,000 (five million one hundred sixty one thousand) free trading shares acquired by the company within the past 3 months.

According to J.D. Brown, Chairman and CEO of Expo Holdings, Inc., "In an effort to strengthen shareholder value we will retire 5,161,000 free trading shares. These shares are currently held by Morgan Stanley in an account wholly owned by Expo Holdings. We will submit them for retirement immediately. Our company has initiated a share buyback program and will continue to purchase shares as long as it is feasible to do so. The company will buy back up to 20,000,000 shares, using cash generated from our operations."

Additionally, J.D. stated, "We are also considering other options concerning our share structure that will strengthen our shareholders value. We will update our shareholders appropriately upon any decision made by the company. We have no intentions of reverse splitting our stock."

Please join us for a live broadcast interview today at at 11:20 EDT. Kurt Schemers, host of Tradersnation will interview J.D. Brown, CEO of Expo Holdings, Inc. Listeners are encouraged to call in and participate.

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
    Expo Holdings, Inc.