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Expo Holdings, Inc.: Expo Holdings Inc., Reports 125% Net Profit Increase

^{Published on 2009-07-23 07:15:41, Last Modified on 2009-07-23 07:15:48 - Market Wire}
 

NORTH WILKESBORO, NC--(Marketwire - July 23, 2009) - Expo Holdings, Inc. (PINKSHEETS: [ EXPH ]) reports 125% net profit increase.

The company posted its 2008 financials as well as 1st quarter 2009 financials to pinksheets.com. The company anticipates a removal of the stop sign icon in the near future. 1st quarter 2009 net profit rose 125% compared to 1st quarter 2008. 1st quarter gross profit exceeded $159,000, and net profits exceeded $49,000.

James D. Brown, CEO, stated, "I am justifiably pleased with our first quarter financial performance. Operations, selling, general, and administrative costs were all streamlined to meet the changing economic conditions in 2008 and early 2009. The result was a profitable 1st quarter. The company will now shift its focus to the expansion of its sales base."

Brown also stated, "The Company's focus on diversification, and execution of recently awarded contracts should result in a strong showing 3rd and 4th quarter this year. Additionally, the company will soon unveil a new proprietary product line intended for consumers. The company expects to leverage existing relationships to speed market penetration. Additional guidance and updates regarding the company will be available during the company's conference call scheduled for July 28th 2009 at 10am ET. Dial in procedures and codes will be provided in the near future."

The company invites its shareholders to view our progress at:

[ http://www.expoholding.com/webcam ]

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.