Expo Holdings Inc. (EXPH)

[DD-214]

(edited) I highlighted the part where EXPH's invoice factoring LOC was approved almost immediately.. oh btw, isn't this the $22,000,000.00 contract PR'd in 2008 where Congresswoman Foxx actually visited the plant and touted EXPH in a session of congress? I have an audio of that event if you like..


NORTH WILKESBORO, N.C.--(BUSINESS WIRE)--Expo Holding, Inc. (Pink Sheets:EXPH - News), resumes production of its previously announced “2008 Milestone” project that had been delayed by the customer.

Efforts have resumed regarding the company's previously announced 2008 "Milestone" project. While this project had been delayed by the end customer (presumably due to prevailing economic conditions), it was not cancelled. The company expects to resume heavy shipments within 4-6 weeks. This project, provided no additional delays are encountered, will most likely be the largest scale and sales volume project in the company's history. Since this project is multi-year in nature, shareholders should not expect swift completion of this project.

Crestmark Bank has now approved a credit facility for this specific customer. Having access to this credit line for this specific customer will allow the company greater flexibility. Crestmark moved very quickly to approve this customer’s credit.