Expo Holdings, Inc. Prepares for Roll-out Shipments
June 17 2010 - 11:13AM
Business Wire
Expo Holdings, Inc. (Pinksheets: EXPH - News), has taken steps
to prepare for significant shipments over the next 30-45 days.
The company has raised $60,000 via the sale of shares of its
common stock. The current number of outstanding shares is
1,617,148,577. The current authorized shares in the corporation are
2 billion.
These funds will be used primarily to purchase raw materials,
and to support ongoing shipments to new and previously existing
customers. The company expects approximately 2000 retail displays
for use by Lowe’s Companies, and up to 15 residential jobs to be
completed with the aid of this funding. The company further expects
these aforementioned displays and residential jobs to be completed
in 30-45 days.
The company anticipates utilizing its one million dollar line of
credit with Crestmark Bank to further fund these projects. The
Crestmark line of credit is collateralized by the company’s
receivables and or other non-equity based assets.
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.
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