Expo Holdings, Inc. Values Southern Candle Acquisition at $0.02 per Share, Provides Corporate Update

NORTH WILKESBORO, NC, Jul 31 (MARKET WIRE) --
Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company which wholly
owns D&D Displays, Inc., is pleased to announce it has valued the
Southern Candle acquisition at $0.02 per share and wishes to provide an
update to shareholders.

Southern Candle, Inc. Acquisition -- Both parties have agreed to value the
acquisition at $0.02 per share. The shares are restricted for a period of
1 year upon issuance. The company will also pay up to $100,000 in cash in
addition to the shares. The acquisition has been priced at $2,000,000.
Southern Candle, Inc. has substantial assets and little liabilities or
debt. Both companies agree that $0.02 per share is a more accurate
reflection of the company's value.

Visit By Congresswoman Virginia Foxx -- The Company recently hosted a
visit by Congresswoman Virginia Foxx. The visit was a success;
shareholders, the local Chamber of Commerce and local business owners
attended the tour. The upcoming contract is expected to double the
employee base of D&D Displays as well as generate income for the local
economy. The company was interviewed by a local radio station after the
visit. The company will issue a follow up once Congresswoman Virginia
Foxx has published comments on her visit.

Capital Structure, Recent Transactions -- The Company is in the process of
converting $108,000 in debt by converting a promissory note owed to the
officers of Southern Candle. These shares have not entered the public
market. The company now currently has 406,637,329 shares issued and
outstanding.

The company has released the transfer agent so that shareholders may now
obtain outstanding share information via phone at 954-915-0105. Please do
not make multiple phone calls per day to the transfer agent as we must be
respectful of the transfer agent's time and willingness to accept the
calls.

Financial Reports, Pro Formas and Pending Audit -- The company has engaged
a pre-audit CPA to assist the company in preparing to complete its PCOAB
audit as well as complete 2009 Pro Formas to be included on its Form S-1
registration statement. The company is currently reviewing quotes from
several auditors in order to complete the combined 2007 and 2008 stub
period financials. It is expected an engagement will be made and announced
shortly. 2006 audited financials are already posted on Pinksheets.com.

Filing of Form S-1 -- The Company is currently reviewing quotes from
Securities Attorneys to prepare and file a Form S-1 to provide a public
offering and to become a fully reporting company. It is expected an
engagement will be made and announced shortly.

Financing -- The Company is expecting to raise between $1.5M and $3M of
Senior Preferred Debt in conjunction with its filing of a registration
statement on Form S-1. The funds will be used to carry initial costs of
its previously mentioned expected growth. The funds will also be used to
expand operations and launch its retail initiatives. Future acquisitions
will be made with a combination of cash and common stock. The company
will not consider acquisitions via stock below the $0.02 per share
threshold.

Short Position -- The Company has recently been made aware of short
positions in its common stock. The Company is continuing to monitor the
situation. Requests to change trading symbols and cusips have been
received and reviewed and it has been determined that they are likely to
be met with minimal if any success. We are placing our trust in the
strength of our loyal shareholder base.

The company informs shareholders that our share structure is in a state of
change. We are currently involved with the Southern Candle Acquisition and
have begun final preparations for 2 more acquisitions previously
announced. The company's share structure will change during this time.

The company has offered a Board of Directors seat to former NBA superstar
Karl Malone. The company is awaiting formal response.

The company has begun work on the joint venture previously announced on
July 21, 2008 and expects significant shipments to begin earlier than
expected. Originally we expected to begin shipments in late October; we
now believe shipments will be made as early as mid September.

The company will provide additional information regarding a shareholder
conference call. The purpose of this conference call is to answer
shareholder questions and provide 2009 guidance.

As always, shareholders are warmly invited to tour our facilities, and
meet the management team. For more information contact Donna at
336-667-8765.

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

Copyright 2008, Market Wire, All rights reserved.

-0-