Expo Holdings, Inc. Completes 1st Quarter With 125%+ Sales Increase Over 1st Quarter 2010
April 06 2011 - 1:42PM
Business Wire
Expo Holdings, Inc. (Pink Sheets: EXPH - News), completed
approximately $411,000 in sales during the 1st Quarter of 2011
compared to approximately $179,000 in sales during the 1st Quarter
of 2010.
Management estimated sales to exceed $450,000 for February and
March; however shipments were significantly lower due to shipment
scheduling changes. The overall total sales estimated remains
correct however; shipments for one large project previously
scheduled during that time period have been delayed with a new
start date of April 8, 2011.
Month to date sales have exceeded $51,000. The company has
approximately $44,000 in cash on hand, and receivables of
approximately $188,000 owed to the company. The company currently
employs approximately 38 with 12 part-time members as part of this
total.
Orders for the company are increasing and cash flow has
improved. The company anticipates continued volatility in sales and
profitability but expects 2011 overall to be positive. Increasing
fuel prices and escalating costs of goods most likely will impact
the company’s bottom line in 2011.
2010 financials along with 1st Quarter 2011 performance will be
posted. As previously stated 2010 was a poor year in terms of sales
and financial performance. Management views 2011 in a much more
positive manner.
The company has raised funds via its stock in early 2011 as well
as during 2010. The company anticipates no need for additional
stock issuances and has no plans or considerations for a reverse
stock split.
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 lose some or all of your investment.
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