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Expo Holdings, Inc.: Expo Holdings Completes Share Restructuring

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^{Published in Business and Finance on Wednesday, May 27th 2009 at 8:19 GMT, Last Modified on 2009-05-27 08:20:42 by Market Wire}  

NORTH WILKESBORO, NC--(Marketwire - May 27, 2009) - Expo Holdings, Inc. (PINKSHEETS: [ EXPH ]) completes share restructuring.

The company has 896,280,805 outstanding shares currently, and has an authorized share count of 1,000,000,000 (1 billion).

James D. Brown, CEO, stated, "Recently, the company temporarily gagged its transfer agent while it completed share restructuring. The officers of the company have now converted their restricted preferred shares to restricted common shares. To date, the officers have sold no (ZERO) shares, and intend to hold the restricted shares for the foreseeable future. The company has no plans for a reverse split, and has no intentions of increasing its authorized share count."

Glenn S. Harrs, President, stated, "I am pleased to convert my preferred shares to restricted common shares, and hold them alongside of our trusted shareholders. Our long term prospects are very good, and I fully expect our fair market value to recover to a point more in line with the company's expectations. Additionally, we have authorized the transfer agent to resume normal reporting activity."

Brown also stated, "We have raised funds in the recent past. We announced we would raise the funds in advance via press release, and we have now completed that raise. These funds have strengthened our balance sheet, and allowed us flexibility during a tough cash flow period. We recently completed a profitable first quarter, and fully expect cash flow from operations to strengthen over the next 6 months. Reasonable gross profits and net profits are expected in FY 2009. Short term demand for our products continues to strengthen."

The company will soon post its 2008 financials to pinksheets.com, and meet the requirements to remove the Stop Sign icon. 1st Quarter 2009 financials will also be posted within the near future.

About Expo Holdings, Inc.

[ http://www.expoholding.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 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.