SOURCE: Expo Holdings, Inc.

September 28, 2009 09:39 ET

Expo Holdings, Inc. Provides Shipment Update

NORTH WILKESBORO, NC--(Marketwire - September 28, 2009) - Expo Holdings, Inc. (PINKSHEETS: EXPH) provides shipment update.

The company expects to complete shipment to over 1600 Lowe's Home Improvement locations by September 29th, 2009, when the company ships its final shipment of approximately 350 displays. Additionally, due to the excellent execution of the original order, an additional order is expected in the very near future. This order is expected to be similar in size, nature and scope as the original order. The company will make a formal announcement once a purchase order is received.

Unrelated to the aforementioned shipments, the company continues to fulfill shipments to Lowe's Home Improvement locations by completing week 2 of shipments on time. The company is currently producing and shipping approximately 2.5 truckloads of various re-merchandising displays per day, and expects this to continue into the foreseeable future. For clarification purposes this is based on a 4 day shipment routine.

The company operates 5 days per week, however, most hourly associates usually work four ten hour days. This allows the company, and the associate greater flexibility while improving the company's operational efficiency. This has been a company practice since late 2008.

James D. Brown, CEO, stated, "Usually 2/3rds or more of our annualized sales are completed in the last half of the year. This year will be no exception. While we are pleased to have maintained a profitable status for the first half of the year; we are unsatisfied with our overall sales performance. We look forward to revealing increased 3rd quarter performance as a direct result of increasing demand. Additionally, sales guidance for the year remains as previously stated. Second quarter financials will soon be posted to"

The company will be hosting a shareholder meeting during the 4th quarter of 2009, at its headquarters in North Wilkesboro, NC. This will be a great opportunity, for shareholders to meet our management team, share their views, as well as learn about the company's growth plans for 2010. Additional information will be forthcoming.

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.

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