QEPC Q E P Company Inc (QX)

Q.E.P. Co., Inc. (Nasdaq:QEPC), today announced the appointment of Stuart F. Fleischer to the position of Chief Financial Officer, Senior Vice President, and Treasurer. Lewis Gould, Q.E.P.'s Chairman and Chief Executive Officer, stated: "Stuart's extensive background combined with his strong corporate financial leadership makes him an ideal choice to manage Q.E.P.'s finances. Stuart fills a significant role in our management team and we are looking forward to sharing our future successes with him." Mr. Fleischer joins Q.E.P. from National Medical Health Card Systems, Inc. (Nasdaq:NMHC), where he served as Chief Financial Officer from 2003 to 2006. Prior to his employment with NMHC, Mr. Fleischer served as an engagement partner for Tatum CFO Partners, LLP, from 2001 through 2003, and as Vice President of Finance of the Medical Group for Henry Schein, Inc., a publicly traded distribution business, from 1997 to 2000. Mr. Fleischer received a B.S. in Accounting from Lehigh University and is a Certified Public Accountant. Q.E.P. Co., Inc., founded in 1979, is a leading manufacturer, marketer and distributor of a broad line of flooring tools and accessories for the home improvement and professional installer markets. Under brand names Q.E.P., Roberts, Q-Set and O'Tool, Q.E.P. markets approximately 3,000 products used primarily for surface preparation and installation of ceramic tile, carpet, vinyl and wood flooring. The Company sells its products to large home improvement retail centers, as well as traditional distribution outlets in 50 states and around the world. Certain statements in this press release, including forward-looking statements of our expectations regarding future results 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 report 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 the Company's assumptions relating to the expected growth in sales of its products, the continued success of the Company's 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 the Company's customers, the success of the Company's price increases initiatives, and the success of the Company's sales and marketing efforts. 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 the Company's Annual Report on Form 10-K for the year ended February 28, 2006, filed with the SEC, and in other reports already filed with the SEC.