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Jul 31, 2008 9:16:00 AM
NORTH WILKESBORO, NC -- (MARKET WIRE) -- 07/31/08 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company which wholly owns D&D Displays, Inc., is pleased to announce it has valued the Southern Candle acquisition at $0.02 per share and wishes to provide an update to shareholders.
Southern Candle, Inc. Acquisition -- Both parties have agreed to value the acquisition at $0.02 per share. The shares are restricted for a period of 1 year upon issuance. The company will also pay up to $100,000 in cash in addition to the shares. The acquisition has been priced at $2,000,000. Southern Candle, Inc. has substantial assets and little liabilities or debt. Both companies agree that $0.02 per share is a more accurate reflection of the company's value.