Business & Finance
Business and Finance
Business and Finance
Mon, July 20, 2009
Fri, July 17, 2009 Expo Holdings, Inc.: Expo Holdings, Inc. Issues Clarifying Statement
NORTH WILKESBORO, NC--(Marketwire - July 17, 2009) - Expo Holdings, Inc. (
The following statement is issued to clarify the statement released on July 16, 2009 titled "Expo Holdings Inc. Prepares for Large Scale Production."
The company is pleased to announce it is preparing for the production of over 10,000 store fixtures for use by one of the world's largest retailers. This release is not related to recent releases concerning Lowe's Inc. This is a new customer for Expo and we are pleased to serve them. These fixtures will be used in conjunction with store level remodeling and remerchandising efforts and will be utilized in nearly all 50 states. Production should begin mid to late August. Shareholders will be allowed to view some of the production efforts regarding this project via the company's live web-cam located at the following link:
[ http://www.expoholding.com/webcam ]
James D. Brown, CEO, stated, "This live web camera will allow our shareholders an 'inside' view of the production of these fixtures without breaking our non-disclosure agreements. This is a very large scale project, and the company expects over half a million dollars in receivables/revenue to be generated from this project during the first month of production."
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 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.
