NEWS
Tuesday, November 24 2009 9:36 AM, EST Expo Holdings, Inc. Seeks Shareholder Majority Approval Market Wire "US Press Releases "
NORTH WILKESBORO, NC -- (MARKET WIRE) -- 11/24/09 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), is making final preparations for its shareholder meeting where amongst other announcements it will seek a simple majority approval for its tentative dividend issuance.
It is the company's intention to spin off its etc. division into a privately held entity with the same shareholder base as the parent company Expo Holdings, Inc. It is expected that shares will be distributed on a 1 share in the private entity for each 10 shares held in Expo Holdings, Inc. at the record date. The shares are expected to be issued in the form of a dividend. Tentatively this new private entity will have an 110,000,000 million authorized share structure with fewer than 100,000,000 million issued and outstanding shares, and no preferred shares. The new entity will be debt free, and nearly immediately income producing.
A majority of shareholders may be necessary to complete this spin off. The company will seek such majority at the shareholder meeting on December 2, 2009 .
Additional information will be available at or before the company's December 2, 2009 shareholder meeting. The meeting will be held at the company's headquarters at 116 Shaver Street , North Wilkesboro, NC . 28659. The meeting will begin promptly at 3:00pm ET . All shareholders are warmly invited to attend. Contact Tammy at 336-667-8765 to make your appointment to attend. A press release will coincide with the shareholder meeting for those shareholders unable to attend.
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 , 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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4kids
all jmo
10/5/07 -- there are no coincidences here ...
oh and like many other longs .. not selling at this level --
AI
