QEPC Q E P Company Inc (QX)

Q.E.P. CO., INC. (Nasdaq:QEPC), today announced that it will delay the report of its financial results for the fiscal 2007 second-quarter ended August 31, 2006 as well as its investor conference call, previously scheduled for 10:30 a.m. Eastern Time, Tuesday, October 17, 2006. The release is being delayed in order to allow Q.E.P. sufficient time to complete its previously announced restatement of financial results for the fiscal year ended February 28, 2006 and the quarter ended May 31, 2006. Q.E.P. currently expects to file the Company's Form 10-Q for the quarter ended August 31, 2006 on or before October 20, 2006. The Company also plans to release earnings concurrently with the filing. Once that date is finalized, Q.E.P. will schedule an investor conference call to discuss the financial results for the period. 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. Q.E.P. CO., INC. (Nasdaq:QEPC), today announced that it will delay the report of its financial results for the fiscal 2007 second-quarter ended August 31, 2006 as well as its investor conference call, previously scheduled for 10:30 a.m. Eastern Time, Tuesday, October 17, 2006. The release is being delayed in order to allow Q.E.P. sufficient time to complete its previously announced restatement of financial results for the fiscal year ended February 28, 2006 and the quarter ended May 31, 2006. Q.E.P. currently expects to file the Company's Form 10-Q for the quarter ended August 31, 2006 on or before October 20, 2006. The Company also plans to release earnings concurrently with the filing. Once that date is finalized, Q.E.P. will schedule an investor conference call to discuss the financial results for the period. 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.