Contact Information: Company Contacts: Douglas J. Kramer, CEO Timothy J. Novak, CFO Michael T. Adams, CGO (281) 219-4700 (t) Investor Relations Contacts: Jody Burfening Elric Martinez Lippert/Heilshorn & Associates (212) 838-3777 (t) emartinez@lhai.com
LaPolla Announces New Trading Symbol on NASDAQ OTCBB
| Source: LaPolla Industries, Inc.
HOUSTON, TX--(Marketwire - November 5, 2007) - LaPolla Industries, Inc. ("LaPolla") (OTCBB : LPAD ), a leading manufacturer of foam and coating products, has begun
trading effective today, its common stock on the NASDAQ Over-The-Counter
Bulletin Board (OTCBB) under the stock symbol "LPAD."
"As disclosed on October 15, 2007, we have voluntarily delisted from the
AMEX after concluding that the disadvantages of retaining the listing
outweighed the benefits to the company and its shareholders," said Douglas
J. Kramer, CEO and President of LaPolla. "The decision to move to the
NASDAQ OTCBB market affords LaPolla greater flexibility to execute its
growth strategy, and we plan to continue to aggressively grow, improve
margins, and gain market share through organic growth and supplemented by
acquisitions to strengthen our distribution capabilities," concluded Mr.
Kramer.
About LaPolla Industries, Inc.
LaPolla Industries, Inc. is a national manufacturer of foam and coating
products targeting commercial, industrial and residential applications in
the roofing and perimeter insulation construction industries.
Forward-Looking Statements
Statements made in this press release that are not historical facts
constitute "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21 of the Securities Exchange Act of
1934 and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are necessarily estimates reflecting the best
judgment of senior management and express the Company's opinions about
trends and factors which may impact future operating results. Any such
forward-looking statements should be considered in context with the various
disclosures made by the Company about its businesses including, without
limitation, the risk factors described in its periodic reports filed with
the SEC. The Company undertakes no duty to update any forward-looking
statement to conform the statement to actual results or changes in the
Company's expectations. For further information regarding risks,
uncertainties, and other factors associated with LaPolla's business, please
refer to LaPolla's SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q, which are available
at www.lapollaindustries.com.