Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

Expo Death Watch Begins! October 2011 should mark the last month that Expo Holdings, Inc. shows any signs of life whatsoever. Sales comparisons should look about like this for 2010/2011:

Estimated 2010 (Revised):

Original Estimates/Revised:

1Q 2010: $ 180,000/180,000 (actual $181,000)
2Q 2010: 390,000/130,000
3Q 2010: 1,200,000/720,000
4Q 2010: 450,000/170,000

REV 2010: $2,220,000/$1,200,000
COGS: 2,030,000/1,480,000
GP: $ 190,000/($280,000)

G&A EXP: $1,125,000/1,000,000
GP: 190,000/(280,000)
NET LOSS: ($935,000)/($1,280,000)

Estimated 2011:

1Q 2011: 240,000
2Q 2011: 370,000
3Q 2011: 40,000
4Q 2011: 0

REV 2011: 650,000
COGS: 850,000
GP (200,000)

G&A EXP: $700,000
GP: (200,000)
NET LOSS 2011: ($900,000)

Bankruptcy filing estimated to be planned for on or before November 30, 2011.

Due to having most of their operating capital from recycled COGS seized by the IRS due to alleged felony theft of their employees 941/940 tax assessments and the presumed shut-down of their massive dilution campaign by either the SEC or the aforemention IRS seizures, Expo had less money to spend in 2011, therefore less money to lose and actually improved their bottom line over 2010. Reality blind supporters will no doubt hale this accomplishment as a positive and proven sign the company was improving their bottom line, strengthening their balance sheet and would have been preparing for the take over of a new CEO except for the fact they were bankrupt and out of business. ALL IMHO.