Expo Holdings Inc. (EXPH)

[Sud13]

IMO, if float would have been know here, this would have already been trading in penny considering the way it moves in low volume.

Website update:

3/17/2010 11:18:50 AM

James D. Brown, CEO, stated, "I will be stepping down as CEO on May 1, 2010, and will intensely focus my time and attention on the sales and marketing portion of our business. During the recent 2-3 year nationwide economic decline, good decisions as well as mistakes have been made by the company at my direction. I alone am responsible for those mistakes and for the company's performance. At all times, I have had the company and it's shareholders interests at heart. I serve at the pleasure of the Board of Directors who has unanimously (including my vote), came to this decision. Just for the record, to my knowledge, the company has always been honorable and is under no SEC or any other legal type investigation. This decision was based on numerous factors including but not limited to, profitability, growth, shareholder input, investor input, and shareholder value. I will pursue my new position with dogged determination and will leave the company helm in more than capable, experienced hands. The board of directors feels that 'new blood' is needed to spur growth, ingenuity, and to build shareholder value without the burdens of the past. Additionally, it is important to point out, that all insider shares (Glenn Harrs, James Brown, Karl Malone) remain restricted, and no applications for removal of a restriction has been made or will be made in the foreseeable future. I will continue to serve in my position as a member of the board of directors. This transitional process, and this announcement, should be viewed as a positive event, as it is entirely undertaken for the benefit of our shareholders. As recently as today, I have received numerous offers for the entirety my holdings in the company, all of which I have declined. I continue to feel we are grossly undervalued."