SOURCE: Expo Holdings, Inc.

March 29, 2007 08:30 ET

Expo Holdings, Inc. Reports Gross Profit Exceeds $1.6 Million on $4.8 Million in 2006 Sales

Expo Holdings Also Reports 12.5% After Tax Profit for Fourth Quarter 2006

NORTH WILKESBORO, NC -- (MARKET WIRE) -- March 29, 2007 -- Expo Holdings, Inc. (PINKSHEETS: EXPH) states that its recently posted year-end financials on Pinksheets.com discloses the Company as having a $1,667,000 gross profit on its gross sales of $4,800,000. The Company also produced a 12.5% after tax profit for Fourth Quarter 2006. Gross profit for that same period exceeded $500,000, which brought the year-end total to the reported $1,667,000.

According to J.D. Brown, Chairman and CEO of Expo Holdings, Inc., "We are pleased with our financial performance during 2006. Our profits were a direct result of management's continuing efforts to lean up our operations and diversify our customer base. We were fortunate to begin serving several new customers this past year including Levolor-Kirsch Window Fashions, and Irwin Industrial Tool Company, a division of NewellRubbermaid. By adding new customers, Expo Holdings was able to reduce our largest customer's impact on our performance while at the same time increasing our profitability. These changes will increase the overall value to our corporate shareholders, an important goal for the management of this corporate team."

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, and Kronotex, USA. 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
    116 Shaver Street, North Wilkesboro, NC 28659