SOURCE: Expo Holdings, Inc.

October 19, 2009 11:48 ET

Expo Holdings, Inc. Provides etc. (Easy Transitional Cabinetry) Update

NORTH WILKESBORO, NC--(Marketwire - October 19, 2009) - Expo Holdings, Inc. (PINKSHEETS: EXPH) provides update regarding etc. (Easy Transitional Cabinetry).

Etc. brand cabinetry orders exceeding $40,000 have been completed. Additional shipments with a combined value of over $100,000 are expected to ship in the coming week(s). These shipments are commercial, or residential in nature. The company expects $350,000 plus in etc. brand cabinetry sales by year end. The company anticipates multi-million dollar orders by year end. These anticipated orders will most likely affect 2nd quarter 2010, in terms of sales and positive financial impact.

Glenn Harrs, CEO, stated, "We are progressing at a pace in line with management's expectations. However, interest has increased over the past two weeks. We have our initial negotiation with a major home-center chain scheduled for this week. This home-center chain approached the company unsolicited. Additionally, we are preparing for further negotiations with one of our existing larger customers. The company continues to expect light distribution in 2009, with heavier distribution beginning in early 2010. Further updates will be issued."

Soon the company will be publicly introducing its etc. brand in stock selection of over 20 new bathroom vanity sku's, and over 120 new kitchen sku's. Additional sku count will be added based on customer demand.

Glenn Harrs also stated, "2010 sales should be healthy. We will be updating 2010 sales guidance to include etc. sales in the near future, as well as posting 2nd and 3rd quarter financials. The company anticipates strong operational performance for 2009, and to post a profit at year end."

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