Q.E.P. Co., Inc. Announces Expansion of Its Board of Directors

BOCA RATON, Fla., April 03, 2018 -- Q.E.P. Co., Inc. (OTC:QEPC.PK) (the "Company") announced today that it has expanded the Board of Directors from six to seven directors and has elected a new Board member, Harry D. Schulman.  He will attend the Company’s next Board meeting.

Mr. Schulman is currently the President of HDS Consulting LLC.  Prior to this role he was an Operating Partner for Baird Capital Partners, assisting in creating sector strategy and finding executive leadership.  From 1989 until 2007 Mr. Schulman was involved with Applica, Inc., a $700 million public company, rising to the role of President, CEO. 

Lewis Gould, the Company’s Chairman and C.E.O. commented, “I am extremely pleased to have Harry join our Board of Directors.  He not only brings with him a wealth of experience, but also his vision that will help Q.E.P. to continue to expand its leading role in the industry.”

Q.E.P. Co., Inc., founded in 1979, is a world class, worldwide provider of innovative, quality and value-driven flooring and industrial solutions. As a leading manufacturer, marketer and distributor, QEP delivers a comprehensive line of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. In addition, the Company provides industrial tools with cutting edge technology to the industrial trades. Under brand names including QEP®, ROBERTS®, Capitol®, Harris®Wood, Fausfloor®, Vitrex®, Homelux®, TileRite®, PRCI®, Nupla®, HISCO®, Plasplugs®, Ludell®, Porta-Nails®, Tomecanic®, Bénètiere® and Elastiment®, the Company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in 50 states and throughout the world.

CONTACT:
Q.E.P. Co., Inc.
Lawrence P. Levine
Senior Vice President and
General Counsel
561-994-5550