February 10, 2011 by staff
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Expo Holdings Inc. (PINKSHEETS: EXPH)
North Wilkesboro, NC – (February 9) – Expo Holdings, Inc. (PINKSHEETS: EXPH), is pleased to offer its shareholders a value with an update.
The company was facing cash flow, and issues of enforcement of orders since 2009 and a major equipment failure in late 2010. The company raised capital through its common shares in order to survive this period. Management has focused entirely on the fulfillment and survival, and therefore underperformed in several other areas.
Control of the company is growing and cash flow should improve rapidly. Deliveries for the rest of February and March will exceed all of $ 450,000. Orders for companies such as Harris Teeter, Lowe’s Companies, and Kronotex USA, are included in this estimate. The Company anticipates continued volatility in sales, but expects that 2011 will be a year and a positive overall growth.
The company will soon complete its accounting functions and will release its 2010 performance. 2010 was a bad year in terms of sales and financial performance.
It is expected that a member of the existing team will fill the vacant CEO position. The company did not meet certain financial milestones Jan. 1, 2011 and delay in the appointment must be scheduled until these financial goals are achieved. In addition, all appointments to the provisional council are delayed until these financial goals are achieved.
Due to the financial condition of the company to cancellations and other issues the company has delayed the introduction of ETC. (Easy cabinets transition).
Because of the company’s financial updates the website of state and the transitions were delayed.
Significant progress as regards the introduction of the company’s domestic economy has been made. Shareholders should expect additional updates regarding this.
Cima cabinet’s brand continues to move ahead with large orders and production in progress.
At that time, the company expects to be able to operate from its cash flow and will make every effort to avoid issuing additional shares.
As always, shareholders are invited to visit our facilities and products for production. Contact us at 336-667-8765 to visit.
IBrand Corporation (OTCPink: IBRC) www.ibrandscorp.com – a holding company for the merger and acquisition of niche brands positioned for rapid growth with proven products, today announced the signing of a letter of intent to acquire Galileo Optics.
Galileo Optics, www.galileosplace.com was introduced in the U.S. market in 1992 with quality products at the entrance from the perspective of consumers of intermediate amateur level, offering telescopes, microscopes, binoculars and related products of science. Today the product range of Galileo has been expanded to include the most advanced optical products, including imaging systems, accessories and gadgets. Over the past 19 years a million satisfied customers have enjoyed the products of Galilee. The range of Galileo products are sold through the wholesale consisting of big box stores, specialty chains, electronics, sporting goods stores, Internet retailers, direct response TV, and premium / mail order catalogs. Basic examples of retail Galilee are QVC, Costco, Fry’s Electronics, Radio Shack, Kohl’s, Amazon and Overstock.com.
Michael Wittmeyer, president and founder of optics Galileo states: “Galileo is positioned for substantial growth, national and international reputation of the combination of Galilee, products and management team with a vision is a recipe iBrand for the success iBrand I encourage shareholders to visit. Www.galileosplace.com us to learn more about our company. ”
“In addition to the significant increase in turnover, Galileo adds a niche brand name awareness with a substantial portfolio iBrand,” says Paul Smith, president of iBrand Corporation. “The acquisition of Galileo will help to accelerate our growth curve resulting in huge benefits to society and our shareholders. “Galileo is the perfect example of our acquisition targets?” a very recognized brand, quality products with identifiable niche markets, a strong management team and positioned for rapid growth. “
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