Expo Holdings Inc. (EXPH)

[NateJones]

EXPH tour 9/2/2010. pictures.

Here is a recap of the plant tour JD gave me on Monday 8/02/2010.
This is a copy and paste of several posts I made about the trip.

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JD gave us the tour (8/02,2010). He was VERY nice and spent around 2 hours with us.
IMO JD was completely honest with us. He's a great down to earth guy and you can tell he is a leader who likes to be in the action, not behind a desk. He said that he is currently receiving NO PAYCHECK. Also he has not sold ANY SHARES. he said the NEW CEO will be more devoted to shareholders and PPS performance. There WILL be management introductions at the SH meeting. I would expect the new CEO to be announced then if not sooner.

Here's some answers to the questions I asked him:

Any plans for r/s in the future. NO.

When can we expect financials and earnings to be current? could be tomorrow, could be next month.... financial records will be current soon.

I asked about the race truck...... this wasn't some "childhood fantasy" thing. Basically it is a jr team of a large customer and they needed sponsorship. basically "sponsor the team or we'll find another supplier who will..."

The company is actively seeking other acquisitions at this time.

The CNC machines are BOTH ALMOST paid for. I have pictures of both machines that I will be uploading when I get home. These are VERY EXPENSIVE MACHINES. $300k base price plus the extras would make them closer to 400-500k each. And I'm sorry but you would get more than 15 cents on the dollar for these if it were sold.

The HUGE STACKS OF WOOD..... These are being used to make displays for LOWE'S... he couldn't say that, but I could tell. there was a team of guys putting these together, I'm assuming these were hourly employees.

Speaking of employees he introduced us to over a dozen salaried employees, sales team members, and executives. Most of these people have been there for years and everyone was very happy and extremely nice. One guy in particular had been with the company since high school and has moved up from bottom to one of the lead guys in manufacturing. He was working on a prototype knife display.

There were MANY JOBS being worked on both for home owners and for commercial clients (LOWE'S). These had different labels on them and I could see that they were for different jobs. EVERY PRODUCT WAS HIGH QUALITY AND TOP NOTCH CRAFTSMANSHIP.

I feel like I'm skipping around, forgive me, plus I'm on my phone so the grammar may be off a bit lol.

They were able to show me some folders of projects they are working on, huge deals, pages and pages of cabinets.... also I got a glimpse of a dry erase board slammed with jobs. These are residential jobs, in addition to the LOWE'S displays.

ETC ROCKS.... its not made "interchangeable" for the end user. That is one selling point, however the interchangeable part is mainly a benefit for the retailer. While before the would have to stock a million $ worth of inventory, with etc they may reduce that stock to say $400k. Not to mention the saved space. He showed me how it worked using a display they have set up, he changed from white to a wood finish in under 60 seconds. NO TOOLS. However you would need to remove the sink in order to make the switch. That would require tools, but the sink is not ETC, the cabinet required NO TOOLS tools to change out.

There were maybe 20 or 30 of those high end sinks, the ones that look like fancy cabinets with a sink in the top. I took pictures and will be uploading later. He couldn't comment on who or what they were for. IMO LOWE'S!

We stopped by the Ebenezer childrens home (spell check). If you were under the impression that these donated cabinets were some cheap medicine cabinets in the bathroom, your absolutely mistaken. EXPO HOLDINGS went above and beyond on this and I took pictures. Its a whole kitchen plus a really long bar, all very high quality and fit for a custom home. I had an amazing time at EXPO, but became an official "Long" when I saw this home. JD had no idea we going there.

Also we stopped by Southern Candle...... didn't mean to, we were looking for a place to eat and passed it in town. This was a great company and I can see why it was almost acquired. I asked JD why that didn't happen.... he said that it was due to the economy almost crashing and the deal fell through. I casually asked the girl at SC about it, she didn't know what I was talking about, but had only been there a year. She said that they just got (or were about to have?) An international contract(s). Also that the owners were ALIVE. This is irrelevant, since the deal didn't go through, all I'm saying is that this would have been a great acquisition IMO.

There's so much more, but seriously my fingers hurt. Pictures coming soon. Any questions please ask.

I was skeptical, now I am SOOOO EXCITED, GOOOO EXPH!

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Below are links to my later posts with pictures, I had to make it home before I could upload them.

CNC Machines- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52900855

Sinks, that JD couldn't talk to us about...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52900479

More sinks, notice how everyone of them is different, I just noticed that....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52900529

JD showing us how etc cabinets work-
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52900408

Ebenezer Family
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52900652

Stacks of wood, this is part of the PR'd "20" tractor truck loads.... JD said its going to be more like 30...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52900888

Here's JD showing us the tile displays being made... These are for the Lowe's order in the PR Wednesday
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52901158