Expo Holdings, Inc. Provides etc. (Easy Transitional Cabinetry) Update
20 10월 2009 - 12:47AM
Marketwired
Expo Holdings, Inc. (PINKSHEETS: EXPH) provides update regarding
etc. (Easy Transitional Cabinetry).
Etc. brand cabinetry orders exceeding $40,000 have been
completed. Additional shipments with a combined value of over
$100,000 are expected to ship in the coming week(s). These
shipments are commercial, or residential in nature. The company
expects $350,000 plus in etc. brand cabinetry sales by year end.
The company anticipates multi-million dollar orders by year end.
These anticipated orders will most likely affect 2nd quarter 2010,
in terms of sales and positive financial impact.
Glenn Harrs, CEO, stated, "We are progressing at a pace in line
with management's expectations. However, interest has increased
over the past two weeks. We have our initial negotiation with a
major home-center chain scheduled for this week. This home-center
chain approached the company unsolicited. Additionally, we are
preparing for further negotiations with one of our existing larger
customers. The company continues to expect light distribution in
2009, with heavier distribution beginning in early 2010. Further
updates will be issued."
Soon the company will be publicly introducing its etc. brand in
stock selection of over 20 new bathroom vanity sku's, and over 120
new kitchen sku's. Additional sku count will be added based on
customer demand.
Glenn Harrs also stated, "2010 sales should be healthy. We will
be updating 2010 sales guidance to include etc. sales in the near
future, as well as posting 2nd and 3rd quarter financials. The
company anticipates strong operational performance for 2009, and to
post a profit at year end."
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 Lowe's Companies. 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: J.D. Brown D&D Displays, Inc. 336-667-8765
www.expoholding.com
Expo (CE) (USOTC:EXPH)
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