SOURCE: Expo Holdings, Inc.

June 12, 2007 09:30 ET

Expo Holdings, Inc. First Quarter Profits Exceed 13%

Total Sales for First Quarter Ending March 31, 2007 are $1,690,000

NORTH WILKESBORO, NC--(Marketwire - June 12, 2007) - Expo Holdings, Inc. (PINKSHEETS: EXPH) proudly announces that its first quarter after tax profits exceed 13%, with its net income for the quarter more than $233,000.

J.D. Brown, Chairman and CEO of Expo Holdings, Inc., stated, "The Company's first quarter numbers have now been completed. We are extremely optimistic about the future success of Expo, as these figures clearly demonstrate the Company's improving financial condition. Having diversified our customer base over the past year to include many new commercial and retail accounts, we are pleased with the resulting financial improvements. Year-end profitability for 2006, coupled with 2007's first quarter performance, has allowed the company's balance sheet to improve, reducing overall debt. The Company's next goal is to improve cash flow by seeking out traditional financing and eliminating excess overhead, thus bringing the greatest possible value to both the company and its shareholders."

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 Lowe's, 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:
    Expo Holdings, Inc.
    J.D. Brown
    116 Shaver Street
    North Wilkesboro, NC