Expo Holdings, Inc. Provides Update and Limited Forecast
June 02 2010 - 12:56PM
Business Wire
Expo Holdings, Inc. (Pinksheets: EXPH - News), provides the
following update as well as a short term sales forecast.
The company is moving rapidly to fill orders related to the
Builders Choice agreement. Approximately $260,000 in orders is at
some stage of our operational process. Expected delivery of two
small orders is scheduled for this week, with several larger orders
expected next week. The company expects to complete most of these
orders within 30 business days. Additional residential related
orders are in house and scheduled for later dates. More residential
related orders are expected in the same 30-business day period as
the cycle of measurements, in-home presentations, confirmation of
design, and selling opportunities continue.
Installation of our new spray booth is progressing and should be
completed this week.
The company anticipates total company sales of two to three
million dollars from now until August 31st. The company cautions
shareholders that sales are a moving target and sales may move up
into a shorter period or back into later months depending on our
customers needs. This limited forecast is provided based on
management’s best estimates.
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.
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