SOURCE: Expo Holdings, Inc.

September 06, 2007 10:22 ET

Expo Holdings, Inc. Issues Investor Update in Special Letter to Shareholders

NORTH WILKESBORO, NC--(Marketwire - September 6, 2007) - J.D. Brown, Chairman and CEO of Expo Holdings, Inc. (PINKSHEETS: EXPH), issued an investor update via a special letter to shareholders. The letter outlines accomplishments over the past year and reveals insight into near term strategies.

Dear fellow shareholders,

This letter is to inform you of some of our accomplishments over the past year as well as give insight into near term company actions. It's been a very busy year so far and we are anticipating an even busier 4th quarter.

Over the past 12 months, we've been concentrating on increasing our business base through focus on industry leaders. We also launched a new division that focuses on commercial accounts. We use the same strategy in this new division of focusing on the industry leaders. We also entered the digital print segment with the purchase of a high tech, large area format, digital printer (which incidentally, is fully operational and performing as expected).

Later this year we will form an advisory board to give advice to the officers of Expo. This board will include business leaders, and persons of great influence and respectability. Our goal with the board is to surround ourselves with people with more experience and a different point of view than we have. If you are a shareholder and would like to be considered for this advisory board, please let us know.

I personally feel that results speak louder than words so here is a list of accomplishments that I am very proud of:

PROFITABILITY -- through effective management of our resources we have maintained profitability for the past three consecutive quarters. As of the last quarter end our profitability for the year was 10%.

BALANCE SHEET -- we have improved our balance sheet to an equity position.

SALES -- 2006 sales reached 4.8 million and we are estimating an increase over this milestone for 2007 in terms of year ending numbers.

DIVERSIFICATION -- Expo boasts over 40 customers. Our continued focus on industry leaders has yielded a number of new customers including Stanleyworks and Harris Teeter. Our largest customer is a Fortune 100 member and has invited us to participate in additional bid processes that could greatly increase our business base with them. We've recently won 2 major RFP's that encompass multi year business from this customer as well.

CREDIT -- during the past 12 months, we've increased & improved our credit lines with Wachovia Bank and lowered our interest costs as a percentage of each transaction.

EXPANSION -- Expo opened 2 new facilities in the past 12 months. First, our new sales office in Mooresville, NC, and second, our #2 operations facility in North Wilkesboro, NC.

PCAOB AUDIT -- Expo's audit is well underway, and we expect completion in the very near future.

We remain very optimistic about our company's future. Our near term expectations are to significantly exceed past performance in terms of sales and financial performance.

Soon we will update our shareholders on our formal plans for 2008. They include significant, verifiable, sales growth with companies most of you would recognize.

Absent of any potential acquisitions, we expect 2008 to be a banner year for Expo.

All shareholders are warmly invited to visit us at Expo. Come by and see what you have invested in. I think you will be pleasantly surprised.

Respectfully,

J.D. Brown
Chairman & CEO
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.

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