Expo Holdings, Inc. Announces April Sales Up Over 365%
businesswire
Press Release Source: Expo Holdings, Inc. On Monday May 2, 2011, 12:25 pm EDT
NORTH WILKESBORO, N.C.--(BUSINESS WIRE)-- Expo Holdings, Inc. (Pink Sheets: EXPH - News), completed approximately $170,000 in sales during April 2011 compared to approximately $36,400 in April 2010.
Sales for the month of April 2011 were approximately $170,000 compared to approximately $36,400 in April 2010. This figure does not include approximately $75,000 in deposits received in April 2011 (for projects in process) as deposits are booked as a liabilities until the orders are completed and the billing process is completed. The company typically requests a 10% (or more) deposit for orders over $10,000 in size.
The company has completed approximately $590,000 in sales during the first four months of 2011 compared to approximately $216,000 in sales for the same time period last year.
The company continues to expect sales volatility for the balance of the year.
The company currently employs approximately 37 with 11 part-time members as part of this total.
The company has raised funds via its stock in early 2011 as well as during 2010. The company anticipates no additional stock issuances now or in the foreseeable future and has no plans or considerations for a reverse stock split.
As always, shareholders are invited to visit our facility and view products in production. Contact us at 336-667-8765 to visit.
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. If you invest, you may lose some or all of your investment.
