SOURCE: LaPolla Industries, Inc.

November 05, 2007 13:18 ET

LaPolla Announces New Trading Symbol on NASDAQ OTCBB

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.

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