NORTH WILKESBORO, N.C., Oct. 25, 2006 (PRIMEZONE) -- Expo Holdings, Inc. (Pink Sheets:EXPH) announced third quarter gross profits have increased more than 10% from the same period last year. The gross profit gains can be directly attributed to established relationships & sales growth with several key customers, specifically Lowe's Companies, Newell Rubbermaid (Bernzomatic), Kronotex, and Levelor.
According to J.D. Brown, Chairman and CEO, "The Company has demonstrated tremendous dedication by leaning up its operations and focusing on high value customers. As operational and key account sales continue to gain momentum, gross profit gains for year ending December 31, 2006 are expected to exceed 20% over the 2005 numbers. In 2007, sales forecasts show an increase of 30%, with gross profits rising by more than 30%. Based on improved corporate performance, the goals are realistic and attainable with our existing customer base. Sales goals for 2007 are expected to exceed $10,000,000."
Expo Holdings, Inc., through its wholly owned subsidiary D&D Displays, Inc., designs, manufactures and distributes retail store displays to the multi-billion dollar retail/point of purchase fixture markets.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors created thereby. Expo holdings, Inc. is a development stage company that depends on outside resources to maintain its continuation. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.