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[QUOTE]Originally posted by IMAKEMONEY: [QB] Related Quotes Sym. Price Chg. EXPH Trade News 0.006 0.0022 Expo Holdings, Inc. Receives Financing Commitments May 27, 2008 15:14:58 (ET) NORTH WILKESBORO, NC, May 27, 2008 (MARKET WIRE via COMTEX) -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly owns D&D Displays, Inc., is pleased to announce it has received commitments for its previously announced financing. The company has received a commitment to provide the financing needed in support of its current expansion plans. The company plans to issue a 2-year secured note bearing 10% interest annually and paid monthly. The company will also issue warrants exercisable at $0.02, or two cents per share in conjunction with the note. James D. Brown, Expo Holdings CEO, stated, "With the current weak market conditions we felt it imperative to find an alternative solution to our financing needs. The funds will be used to cover costs associated with the ramp up of our retail initiatives as well as support future upcoming contracts." The company would like to also update shareholders on the previously announced reduction in shares. All paperwork has been signed and submitted by the company. The company's transfer agent is currently awaiting certificates from both Morgan Stanley and Wachovia Bank to complete the retirement. The company is retiring 5,260,000 shares of free trading stock and 187,268,400 restricted shares of common stock. Upon conclusion of this retirement 367,712,469 shares will be issued and outstanding with an effective float of 169,276,297 shares of common stock. About Expo Holdings, Inc. http://www.expoholding.com 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 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. 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. Contact: Chad Sykes Investor Relations Email Contact SOURCE: Expo Holdings, Inc. [/QB][/QUOTE]
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