SOURCE: Expo Holdings, Inc.

August 20, 2007 11:35 ET

Expo Holdings, Inc. Receives Letter of Intent From Hardware Giant Stanleyworks, Inc.

Letter Outlines Near Future Business

NORTH WILKESBORO, NC--(Marketwire - August 20, 2007) - Expo Holdings, Inc. (PINKSHEETS: EXPH), through its wholly owned subsidiary D&D Displays, Inc., enters a new phase of its relationship with Hardware Giant Stanleyworks, Inc.

According to J.D. Brown, Chairman and CEO of Expo Holdings, Inc., "Today we received a letter of intent from Stanleyworks, Inc. This letter outlined their intent to use us for near term work based on our performance during the prototype phase for their 'Barn Door' category. Part of our business plan requires us to focus on industry leaders and we have been very successful at landing these leaders as customers. Recent successes with landing Harris Teeter, IQ America, and Stanelyworks, bolster our confidence in our performance for the 3rd and 4th quarter of 2007. Excluding any potential business acquisitions we also expect significant growth in 2008."

Stanleyworks, Inc. is a publicly traded company with a market cap of over 4 billion. Stanleyworks and its affiliated brand names including Stanley and Bostich are household names. The Stanleyworks employs over 20,000 people according to the company's website www.stanleyworks.com.

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:
    J.D. Brown
    CEO
    Expo Holdings, Inc.
    336-667-8765