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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Expo Holding Inc (CE) | USOTC:EXPH | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Expo Holdings, Inc. (Pink Sheets: EXPH - News), completed approximately $411,000 in sales during the 1st Quarter of 2011 compared to approximately $179,000 in sales during the 1st Quarter of 2010.
Management estimated sales to exceed $450,000 for February and March; however shipments were significantly lower due to shipment scheduling changes. The overall total sales estimated remains correct however; shipments for one large project previously scheduled during that time period have been delayed with a new start date of April 8, 2011.
Month to date sales have exceeded $51,000. The company has approximately $44,000 in cash on hand, and receivables of approximately $188,000 owed to the company. The company currently employs approximately 38 with 12 part-time members as part of this total.
Orders for the company are increasing and cash flow has improved. The company anticipates continued volatility in sales and profitability but expects 2011 overall to be positive. Increasing fuel prices and escalating costs of goods most likely will impact the company’s bottom line in 2011.
2010 financials along with 1st Quarter 2011 performance will be posted. As previously stated 2010 was a poor year in terms of sales and financial performance. Management views 2011 in a much more positive manner.
The company has raised funds via its stock in early 2011 as well as during 2010. The company anticipates no need for additional stock issuances 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.
1 Year Expo (CE) Chart |
1 Month Expo (CE) Chart |
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