Published:
Expo Holdings, Inc. Expands Commercial Cabinet Division With Receipt of $100,000 Contract From Vista South General Contractors, Inc.
Contract is for Completion of Cabinetry for Socrates Academy
Expo Holdings, Inc. (PINKSHEETS: EXPH), through its wholly owned subsidiary D&D Displays, Inc., has received
a contract totaling more than $100,000 from Vista South General
Contractors, Inc. for its Commercial Cabinet Division. Completion of this
project is anticipated by the end of second quarter.
According to J.D. Brown, Chairman and CEO of Expo Holdings, Inc., "Expo has
been focusing on diversifying its scope within the commercial cabinetry
industry. Vista South is a brand new customer for us, and we are delighted
to begin this new association with them. The receipt of this contract is a
direct response to the company's strategy for growing its overall
operations. Expo is now another step closer to its overall goal of
$1,000,000 for its Commercial Cabinet Division for 2007."
Expo Holdings reported $4.8 Million in overall sales in 2006.
Approximately $315,000 of that figure stemmed directly from the company's
newly formed Commercial Cabinet Division, which was first launched in 2006.
Already Expo has surpassed last year's marker, having completed in excess
of $320,000 year to date in commercial cabinetry type sales. Additional
orders totaling more than $50,000 are currently being processed for the
Commercial Cabinet Division.
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 Lowe's,
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.
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such proclamations
about the Company's future expectations, including future revenues and
earnings, technology effectiveness and all other forward-looking statements
be subject to the safe harbors created thereby. Since these statements
involve risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected results.
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