EXPH Expo Holding Inc (CE)

Expo Holdings, Inc. (Pink Sheets: EXPH - News), via its subsidiary D&D Displays, Inc. has reached its production goals and is producing in excess of $10,000 worth of displays per day, which is needed to meet the scheduled project for use by Lowe’s Companies Inc.

Operations has met, and exceeded the production requirements for this project and is now producing steadily in excess of $10,000 per day of store fixtures related to this single project. Shareholders are reminded that these fixtures do not begin shipping and or billing until the first week of September.

The company will heavily rely on its 1 million dollar credit line with Crestmark Bank to fund the project as well as the ongoing 2011 production of the product. The company anticipates displays valued in excess of several hundred thousand dollars to be shipped in the month of September alone.

Additionally, the company would like to update shareholders on its progress regarding Cima brand cabinetry. The company is producing, shipping, and billing just in excess of $4,000 per day worth of this product.

The company is adding additional equipment, including but not limited to, a heavy planer, a heavy belt/drum sander, and a new dedicated rip/table saw. These items will be purchased from cash on hand, and no debt will be incurred, nor will any fundraising be necessary. With the delivery of this extra equipment (expected in the next 5 business days), and a few new team-members, the company intends to ramp up production of Cima products by 25% in the next two weeks. The company also expects to double current production within 30 days. The company currently has a 90-day plus backlog of orders for Cima brand products.

Shareholders are always welcome to visit and see these and other products in production. Call 336-667-8765 and make your appointment 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 lose some or all of your investment.

Expo (CE) (USOTC:EXPH)
Historical Stock Chart
From Jun 2024 to Jul 2024

Expo (CE) (USOTC:EXPH)
Historical Stock Chart
From Jul 2023 to Jul 2024