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Expo Holdings, Inc.: Expo Holdings, Inc. Announces 3rd & 4th Quarter Sales Exceed $1.1 Million
NORTH WILKESBORO, NC--(Marketwire - December 2, 2008) - Expo Holdings, Inc. (
The company is pleased to announce that 3rd & 4th quarter combined sales have exceeded $1.1 Million.
James D. Brown, CEO of Expo Holdings, stated, "Sales for the 3rd and 4th quarter have been solid, but not stellar. Our customer base continues to place orders; however, the mood amongst them is conservative. Sales for 4th quarter have exceeded $570,000, and we expect January and February to be banner sales months. Most of this anticipated volume for 1st quarter next year will be related to the push back of many customers willing to pay for merchandising, but they want to complete it in 2009."
The company continues to have ample access to credit. The 1M credit facility with Crestmark Bank, 300k with Southern Community Bank, and the 100k facility with Wachovia Bank remain intact and operational.
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.
