Expo Holdings Inc. (Pink Sheets: EXPH) announced yesterday that its solely owned subsidiary, D & D Displays Inc., has completed its first group of orders for IQ America.
Expo Holdings was founded in 2006 with the specific purpose of acquiring and operating companies that sell to or distribute products for the retail industry. Expo Holdings is one of the Pink Sheet companies that actually generate revenue and growth year over year.
Last year Expo Holdings brought in roughly $5 million in revenue and in the first quarter of the 2007 fiscal year they generated $1.6 million in revenue, which equated to a 13 percent after tax profit.
With a base of around 50 employees, Expo Holdings is trying to grow and reach new levels of success in the coming year. Currently, Expo Holdings is in the process of trying to buy back company stock, and they plan on retiring it once it has done so.
J.D. Brown, Expo Holdings CEO, told Market News First that he “expects the company to achieve anywhere between $6 to $9 million in revenue for the current fiscal year, and if absent of any acquisitions expects that growth in sales volume to achieve 20 to 30 percent the prior year.”
Although Expo Holdings is presently trading at a share price of around 2 cents, with the current buy back plan, the company’s share price could easily achieve greater earnings per share when fewer shares will be outstanding. If Expo Holdings surpasses the sales growth of 20 to 30 percent and reaches the $9 million estimated revenue, this would represent an 80 percent year over year increase which would surely add to the bottom line thereby increasing share prices even more.
Expo Holdings’ wholly owned subsidiary, D&D Displays, specializes in the design, manufacturing and distribution of high quality displays and cabinetry that is reasonably priced. Its custom cabinetry and high-end store fixtures can be seen in retail vendors such as Lowe’s, Newell-Rubbermaid Inc. and Bosch Tool Corporation. D&D has been in operation since 2000 and was acquired by Expo Holdings last year.
