SOURCE: Expo Holdings, Inc.

February 22, 2008 15:39 ET

Expo Holdings, Inc. Reduces Outstanding Common Stock by 38%

WILKESBORO, NC--(Marketwire - February 22, 2008) - Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly owns D&D Displays, Inc., is pleased to announce Expo Holdings CEO, James D. Brown, has signed the documents necessary to retire 187,268,400 founders shares of common stock and will also sign the documents to retire 5,260,000 shares purchased from its ongoing buyback program.

James D. Brown, Expo Holdings CEO, stated, "We decided that retiring 38 percent of the common stock of the company would bring instant additional value to our shareholders. We previously voted to convert our common holdings into preferred voting stock thus reducing the total issued and outstanding shares of the Company. Our previously announced buy back is also still ongoing and to date we have purchased 5,260,000 shares."

The current capital structure of the Company consists approximately of 507M shares of common stock issued and outstanding with a free trading float of approximately 75M shares. Upon retiring the 192M shares to treasury, the Company will have approximately 314M shares issued and outstanding.

About 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.

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