BOCA RATON, Fla., Nov. 26, 2007 (PRIME NEWSWIRE) -- Q.E.P. Co., Inc. (Nasdaq:QEPC), (the "Company" or "QEP"), announced the appointment of Lawrence P. Levine as the Company's Senior Vice President and General Counsel, effective November 19, 2007.
Mr. Levine is responsible for the Company's legal affairs, as well as compliance, human resources and ethics. Mr. Levine previously worked for QEP from 1998 to 1999 as its Vice President Human Resources.
Lewis Gould, QEP's Chairman and Chief Executive Officer, stated: "We are very excited to have Larry rejoin our senior management team. He possesses the kind of experience in corporate law, SEC matters and human resources that our Company now needs."
Prior to joining QEP, from 2004 until 2007, Mr. Levine served as senior counsel for Moore & Van Allen, PLLC in Charlotte, North Carolina. From 2003 to 2004, Mr. Levine maintained a legal/human resources consulting practice. Mr. Levine was vice president and general counsel for Windward Petroleum from 1999 to 2002. Mr. Levine earned his J.D. from Case Western Reserve University School of Law and B.A. from the University of Pennsylvania.
Q.E.P. Co., Inc., founded in 1979, is a leading worldwide manufacturer, marketer and distributor of a broad line of flooring tools and accessories for the home improvement market. Under brand names including QEP(r), ROBERTS(r), Smoothedge(r), Vitrex(r), PRCI(r), Capitol(r) and Elastiment(tm), the Company markets over 3,000 specialty tools and flooring related products used primarily for surface preparation and installation of ceramic tile, carpet, vinyl and wood flooring. The Company sells its products to home improvement retail centers and specialty distribution outlets in 50 states and around the world.
Certain statements in this press release are forward-looking statements, which are made pursuant to the safe-harbor provisions of the Securities Litigation Reform Act of 1995. The forward-looking statements are made only as of the date of this press release and are subject to risks and uncertainties which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. Among the risks and uncertainties that could cause such a difference are our assumptions relating to the expected growth in sales of our products, the continued success of our manufacturing processes, continued increases in the cost of raw materials and finished goods, improvements in productivity and cost reductions, the continued success of initiatives with certain of our customers, the success of our price increase initiatives, the actions of our distributors and other thirds parties on whom we rely, the success of our sales and marketing efforts, and other business and economic factors. A more detailed discussion of risks attendant to the forward-looking statements included in this press release are set forth in the "Forward-Looking Statements" section of our Annual Report on Form 10-K for the year ended February 28, 2007, filed with the SEC, and in other reports filed with the SEC.