Expo Holdings Inc. (EXPH)

[B*A*N*K*E*R]

To any one who has not listened very carefully to the CC I encourage you to really listen to it. There are some hints in there that really are impressive.

I will not go over them in detail but there are some possitive hesitations JD makes that are very telling.

Among other things he discloses that the 100M per year is not an aggregate but it is simply with just one retail client.

He stalls and blanks when asked about CBS pharmacy.

Listen very carefully when asked about Walmart. He says he is under a non-disclosure and then later when he is asked about the major retailer he hesitates and says I am under further non-disclosure..... He keeps reffering to this retailer as the biggest in the country. he does not say one of the biggest or the top 5 or top 10 etc.

When talking about the product he describes it as innovative.

please go back and pick out your own details and share them with the board.

He also said himself and all of the directors have no intention of selling ANY of their shares for two years.

I think I will bet with the guy who is running it. I think two years is a pretty good time horrizon unless they continue to innovate (which I am sure they will) and raise the bar on themselves to produce more and more nitch market products that are innovate and are carried by the same largest retailer in the world.

He also said a great increase in their business will come from commercial. He purposely used schools and such but I believe that this would and does include the commercial rennovations of large retailers.

T.