Expo Holdings Inc. (EXPH)

[venomen2002]

Well then you obviously didn't read the whole PR..

"I don't see how you can conclude they are staying with the company from the statement that 2 board members are being added"..

"The current board of directors consists of 3 members (Glenn Harrs, James D. Brown, and James L. Kendrick) with expansion to 5 members expected by early 2011."

The term expansion does say that they are not leaving..

It sure looks to me like JD is to continue on in sales and marketing and I would imagine that Glenn will also continue to help the company in some manner..Anything else is pure speculation at this time..

Oh by the way..LOWES loves the company and so does many other top names..With new leadership and a positive balance sheet when he steps up..the prospects are looking very good for the company to continue to grow revenues..I also like the fact that they are providing jobs and growing while most companies are going under and or reducing jobs..

In any case your supposition that JD and Glenn are leaving is baseless at this time..I for one agree that neither has what it takes to lead this company forward with a new product like etc on the retail side..but they are the ones that did get companies like Stanley and LOWES to say yes..LOWES also increased their order while they were at the top..So as far as adding new clients..I believe they are a good fit..

It would seem that the company will be backing off on the display side and moving more to retail sales..A new CEO with retail experience with companies like LOWES and HD would fill that need and it looks like that person is already on board and waiting for everything to come together..

The company has set Jan 1st as that target date and paying off the debt..as they are doing..is a great start..

I also agree with 4kds that the first retailer to get etc will more than likely be a regional company..etc is just now starting production in bulk..IMO companies like LOWES will come when production can match the pace of sales in a big box store..However..LOWES could start with just a few stores close to the company and expand..So..I am just guessing..In any case it would seem that etc is far from dead as some have claimed and I would have to say that etc is one of the main reasons a new CEO was found..

As far as JD and Glenn..when you get confirmation that they are leaving please post it here..until then..the PR says no...veno