Expo Holdings, Inc. Begins Kronotex USA Shipments
02 Noviembre 2009 - 2:15PM
Marketwired
Expo Holdings, Inc. (PINKSHEETS: EXPH) begins shipments for
Kronotex USA, LLC.
The company is pleased to announce that shipment of its most
recent order from Kronotex USA, LLC. has commenced. The company
expects over 200 displays will be shipped this week (starting
today) with a value that should exceed $35,000. The most recent
order is for over 1500 displays, and will be used in Lowe's
Companies, Inc. stores throughout the nation. The company expects
shipments related to this order to continue over the next 30-45
days.
James D. Brown, CEO, stated, "Kronotex is a great company to
serve. Their products are great, and working with their marketing
team is a pleasure. We look forward to serving them through the
balance of 2009 and throughout 2010."
Later this week, the company expects to announce the dates for
its upcoming shareholder meeting. Shareholders are warmly invited
to attend in person.
Brown also stated, "Recently, the company stated that it will
retire approximately 2.5 million shares. For clarification, these
shares were purchased in the open market, and are being transferred
from the company's broker, Morgan Stanley, to the company's
transfer agent for retirement."
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
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