Q.E.P. Co., Inc., Promotes Jamie Clingan to Vice President, International Business Development

Business Wire, Sept 27, 1999

BOCA RATON, Fla.--(BUSINESS WIRE)--Sept. 27, 1999--

The management of Q.E.P. Co., Inc. (Nasdaq:QEPC), today announced that the Company has promoted Jamie Clingan to Vice President, International Business Development, for Q.E.P. and all of its worldwide subsidiaries.

Commenting on the promotion, Q.E.P. President Lewis Gould said, "Ms. Clingan, who has been with the Company for a number of years, is the ideal candidate for this position. She has exhibited unique knowledge of flooring industry products throughout her career at Q.E.P., which coupled with her understanding of our Home Center partners, makes her particularly well-suited to market Q.E.P. and its divisions on a worldwide basis."

Q.E.P. Co., Inc., is a leading manufacturer, marketer and distributor of a broad line of specialty tools and flooring-related products. Under brand names Q.E.P., Roberts, and O'Tool, Q.E.P. markets approximately 4,000 specialty tools and related products used primarily for the preparation and installation of ceramic tile, carpet, marble and drywall. The Company sells its products to large home improvement retail centers, as well as traditional distribution outlets in 50 states and 49 countries worldwide.

This announcement contains forward-looking statements which are made pursuant to the safe-harbor provisions of the Securities Litigation Reform Act of 1995. Statements as to what the company "believes," "intends," "expects," or "anticipates" and other similar anticipatory expressions, are generally forward-looking and are made only as of the date of this announcement. Additionally, the announcement is 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 which could cause such a difference are those relating to Q.E.P.'s dependence upon a limited number of customers for a substantial portion of its sales, Q.E.P.'s reliance upon suppliers and sales agents for the purchase of finished products which are then resold by it, the level of demand for the company's products among existing and potential new customers, Q.E.P.'s ability to successfully manage and integrate the business and operations of acquired entities, Q.E.P.'s dependence upon certain key personnel and its ability to successfully integrate new management personnel into the company, its ability to manage its growth, the results of the company's new marketing activities, consumer acceptance of the company's products in new markets to which the company expands, and the risk of economic and market factors affecting Q.E.P. or its customers.