SOURCE: LaPolla Industries, Inc.

June 11, 2007 12:19 ET

LaPolla Appoints New CFO

Brings Diversified Multi-National Chemical Manufacturing Infrastructure Experience

HOUSTON, TX--(Marketwire - June 11, 2007) - LaPolla Industries, Inc. ("LaPolla" or the "Company") (AMEX: LPA) announced today the appointment of Timothy J. Novak, CPA, as its new Chief Financial Officer.

Mr. Novak has more than 19 years of professional finance, accounting, and audit experience. During this time, he has held several senior financial positions in manufacturing and distribution companies and is experienced with the financial reporting of a publicly listed company. His last position was Director of Financial Reporting for Huntsman Corporation, a $13 Billion diversified chemical manufacturer. Mr. Novak earned his BSBA in Accounting from Duquesne University, Pittsburgh, Pennsylvania.

"LaPolla is committed to bringing on the best talent from Sales to Finance. Mr. Novak has the experience and vision of a much larger company than LaPolla is today and can help provide the financial leadership needed as we continue our aggressive growth strategy," stated Mr. Kramer.

Mr. Novak replaces John A. Campbell, who will assume the new position of Senior Accountant and assist in effecting a smooth transition.

About LaPolla Industries, Inc.

LaPolla Industries, Inc. is a leading national manufacturer and distributor focused on several basic segments: Foam, Coatings, Paints, Sealants, Adhesives, Equipment, and All Other. Within these business segments, LaPolla has invested resources in a variety of products targeting commercial and industrial and residential applications in the roofing, construction and paint 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.

For further information regarding risks, uncertainties, and other factors associated with LaPolla's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of LaPolla's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of LaPolla's press releases and additional information about LaPolla is available on the World Wide Web at www.lapollaindustries.com.

Contact Information

  • Company Contacts:
    Douglas J. Kramer, CEO
    John A. Campbell, CFO
    Michael T. Adams, CGO
    (281) 219-4700 (t)
    (281) 219-4701 (f)