Expo Holdings, Inc. Signs LOI to Acquire First Retail Outlet
February 29 2008 - 1:13PM
Marketwired
WILKESBORO, NC , a holding Company, which wholly owns D&D
Displays, Inc., is pleased to announce it has signed a letter of
intent to acquire its first retail outlet. The retail outlet is
located in Chesapeake, VA and will serve as the company's flagship
store. The location is a retail home improvement store that
specializes in a variety of windows and doors. The location has
been in business for over a year and generated significant revenue
in 2007.
James D. Brown, Expo Holdings CEO, stated, "Having the ability
to offer our 1st choice closets, and 1st choice garage products
through this established retail outlet will help us to bring about
name brand recognition. The retail location specializes in TV,
direct print and direct to consumer advertising. Most of the sales
by this retail home improvement location occur after a consumer has
seen the advertisement and calls for an in-home demo. Our intention
is to also capitalize on the in-home finance option through its
existing relationship with American General. The locations
purchasing decisions are mostly made by women. It would be our
intent to use this location as our model store and training
facility."
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 S&K Men's Wear. 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.
Contact: Chad Sykes Investor Relations Email Contact
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