SOURCE: Expo Holdings, Inc.

May 16, 2007 08:30 ET

Expo Holdings, Inc. Progresses to Prototype Phase With Grocery Retailer Harris Teeter, Inc.

NORTH WILKESBORO, NC -- (MARKET WIRE) -- May 16, 2007 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), through its wholly owned subsidiary D&D Displays, Inc., enters a new phase of its relationship with Grocery retailing leader Harris Teeter, Inc. Negotiations have now entered the prototype phase.

According to J.D. Brown, Chairman and CEO of Expo Holdings, Inc., "We feel the opportunity presented to us as a result of our meetings is an extremely positive one. Expo's leadership team is motivated to get the company's product in various commercial applications. When Expo tendered its bid for retail fixtures to Harris Teeter stores, it focused specifically on Harris Teeter's produce department. The result was an invitation to provide prototypes for this grocery giant. Prototypes are often among of the final steps before an award is tendered. This bid includes fixtures for new stores as well as replacement fixtures for existing locations."

Harris Teeter, Inc. is a wholly owned subsidiary of Ruddick Corporation. This food market chain operates in six states, including North Carolina, South Carolina, Virginia, Georgia, Tennessee and Florida. Ruddick Corporation is publicly traded on the NY Stock Exchange. Harris Teeter, Inc. operates 155 stores and employs about 18,000 according to the company's website.

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