Expo Holdings, Inc. Provides Update

Expo Holdings, Inc. (Pinksheets: EXPH - News), is pleased to provide its valued shareholders with an update.

The company has been struggling with cash flow, and order fulfillment issues since 2009 and a major equipment failure in late 2010. The company has raised capital via its common stock in an effort to survive this period. Management has entirely focused on fulfilling orders and survival, and as a result underperformed in many other areas.

Orders for the company are increasing and cash flow should rapidly improve. Shipments for the balance of February and all of March should exceed $450,000. Orders for companies such as Harris Teeter, Lowe’s Companies, and Kronotex USA, are included in this estimation. The company anticipates continued volatility in sales but expects 2011 overall to be positive and a growth year.

The company will soon complete its 2010 accounting functions and will post its performance. 2010 was a poor year in terms of sales and financial performance.

It is anticipated that the vacant CEO position will be filled by an existing team member. Certain key financial milestones were not met by the company as of January 1, 2011 and a delay in this appointment should be expected until these financial goals are met. Additionally, all tentative board appointments are delayed until these financial goals are met.

Due to the company’s financial state, order cancelations, and other issues the company has delayed the introduction of ETC. (easy transitional cabinetry).

Due to the company’s financial state website updates and transitions have been delayed.

Significant progress regarding the introduction of the company’s economy pet program has been made. Shareholders should expect further updates regarding this subject.

Cima brand cabinetry continues to move forward with significant orders and production ongoing.

At this time the company expects to be able to operate from its cash flow and will make every effort to avoid the issuance of additional shares.

As always, shareholders are invited to visit our facility and view products in production. Contact us at 336-667-8765 to visit.

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. If you invest, you may loose some or all of your investment.

Expo (CE) (USOTC:EXPH)
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