Expo Holdings, Inc. Receives $1,000,000 Credit Facility
* Reuters is not responsible for the content in this press release.
NORTH WILKESBORO, NC, Sep 02 (MARKET WIRE) --
Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly
owns D&D Displays, Inc., is pleased to announce it has received an
additional $1,000,000 credit facility through Commercial Capital Lending.
The $1,000,000 credit facility is through Commercial Capital Lending, a
division of Crestmark Bank. The credit facility allows the company to
finance against invoices and its accounts receivable. The company also has
current credit facilities with both Wachovia and Southern Community Bank,
bringing the total to $1.35M in current bank credit facilities.
James D. Brown, Expo Holdings CEO, stated, "This is another significant
milestone for the company as we continue to expand the company's
operations. This additional credit facility now allows us far greater
flexibility when dealing with larger contracts. During tough economic
times securing credit lines has been very difficult. However with our
strong outlook we were able to secure this larger line of credit to
assist us in financing this growth."
Additionally, J.D. stated, "Something that I feel is important to point
out to shareholders and potential investors is that our credit lines are
greater than our market cap. Simply put, the banks value us at a higher
point than do the public markets. We trust that the markets will correct
this undervaluation as the market improves."
The company currently has 439,423,442 shares outstanding down 13% from the
507,507,093 shares reported at the end of 2007.
For more information on Commercial Capital Lending, please visit
http://www.comcaplending.com
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-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters