NORTH WILKESBORO, NC, Sep 24, 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 been awarded a $2M contract for 35+ store fixture packages by a Fortune 100 Retailer.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8884 | Registered: Jan 2006
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This one has more and more good news all the time, just need the market to pick up to hopefully move it along faster.
Posts: 2577 | From: ca. | Registered: Jul 2005
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The thing i have noticed here lately is that many stocks have a big spread between the ask and bid. This one is usually not the case.
If i put an open sell in i am getting a sale from $.15 to $10 quite a bit, if i put a all or nothing in i am pretty much getting nothing even though the stock trades higher with enough shares to take my order.
Think the mm's and brokers are having a tough time right now with the slower market and the rules that have been put in affect.
I do not know if it's just the stocks i am mainly into and watching or pretty much the whole penney market in general.
Hope we see a surge in the market shortly.
Posts: 2577 | From: ca. | Registered: Jul 2005
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Expo Holdings, Inc. Provides Corporate Update Date : 10/08/2008 * 1:56PM Source : MarketWire Stock : Expo Holdings, Inc. (EXPH) Quote : 0.0022 -0.0002 (-8.33%) * 11:55AM
Expo Holdings, Inc. Provides Corporate Update
NORTH WILKESBORO, NC -- (Marketwire) -- 10/08/08 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company which wholly owns D&D Displays, Inc., provides shareholders with a corporate update, and discusses strategy to protect the company against the current credit crises affecting global markets.
The company would like to reassure investors that its $1M credit facility with Crestmark remains intact and unaffected by the current credit crises.
Overall, the company still has sufficient access to credit to keep its incoming orders flowing. The company's milestone project has its first deliveries scheduled for October 15th totaling over $100,000.
The company will reduce debt through the issuance of up to 20,000,000 shares of common stock. The reduction in debt will strengthen the balance sheet and reduce exposure to future tightening of credit.
The company has also entered into negotiations with an institutional investment firm, which has shown interest in acquiring a 51% controlling stake in the company through restricted preferred stock. The company will provide more details as negotiations proceed forward. Existing shareholders have the highest consideration in these negotiations. This agreement is still in the early stages of negotiations and is not near any decision point by the company.
James D. Brown, Expo Holdings CEO, stated, "I have spoken personally to the Vice President of Crestmark; our $1M line of credit remains intact and secure with no loss or reduction expected. I also want to reassure our shareholders that our outlook continues to remain very strong in light of the current credit problems facing our Nation. The investment firm we are negotiating with already has a substantial position in our common stock.
The closing of this deal could have a significant positive impact on the company. It will also give us the working capital needed to launch our expansion plans and seek a listing on the OTC-BB. I do apologize for the delays in providing audited financials, but the company decided to tighten its spending until a clearer financial horizon could be obtained."
Additionally James D. Brown stated, "We will continue to closely monitor the current credit crisis and financial markets. We will update shareholders immediately on any positive or negative impact on the company as a result of credit conditions."
Posts: 2577 | From: ca. | Registered: Jul 2005
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