Expo Holdings, Inc. Reports Financial Performance for 2007
March 19 2008 - 1:30PM
Marketwired
NORTH WILKESBORO, NC , a holding Company, which wholly owns
D&D Displays, Inc., is pleased to announce it will be releasing
financials on pinksheets.com showing $4,880,235 in total revenue
for 2007.
Revenues were up slightly from 2006 and up 17% in the fourth
quarter over the same period the previous year. There was an 11%
increase in materials and shipping due to the increasing cost of
fuel and oil based products. Selling, general and administrative
costs were reduced 1.5% over the previous year. Gross profit was
$1,012,717 with an operating loss of $205,882. Complete financials
for 2007 will be available for viewing at pinksheets.com.
James D. Brown, Expo Holdings CEO, stated, "Within the first two
days of 2008 we added $69,000 in sales which we were unable to
report within the annual statement for 2007. In the fourth quarter
we posted total sales of $1,433,595 closing 2007 on a very strong
note. Rising fuel prices and inflation have increased our cost of
goods and we are currently working on ways to improve on this in
2008. We are expecting to return to profitable operations in 2008
as we continue to streamline our operations and focus on industry
leaders."
The company recently took action to reduce the total outstanding
shares to 314M shares. As of March 18th, 2008, the company had an
estimated market capitalization of just over 3 million, a figure
well below the company's average annual revenue figures. Currently
the company is bidding projects that exceed our annual revenues for
2007. These bids, if awarded, are multi-year in nature. The company
has also begun negotiations and signed a letter of intent to
acquire its first retail outlet to sell its own line of garage and
closet products as well as other home improvement items in 2008.
Additionally, another retail outlet featuring our garage storage
products is in the works. We will formally announce an update
regarding these two outlets as material events occur.
The company will shortly be handing over its 2007 financials to
its independent PCAOB auditor to complete the process of its 2-year
audit. 2006 financials are already audited and are posted on
pinksheets.com. Once complete the company will be in a position to
file form 10KSB with the Securities and Exchange Commission to
become a fully reporting issuer. The company will then seek a
listing on the Over-the-Counter Bulletin Board for trading in its
common stock.
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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