Contact Information: LaPolla Industries, Inc. Contacts: Douglas J. Kramer, CEO Michael T. Adams, CGO (281) 219-4700 Public Relations Contacts: Adam Handelsman 5W Public Relations (212) 999-5585 ahandelsman@5wpr.com
LaPolla and IDI Reach Exclusive AirTight SPF Distribution Deal
Conventional Insulation Installers Provided Opportunity to Become Licensed SPF Applicators
| Source: LaPolla Industries, Inc.
HOUSTON, TX--(Marketwire - February 12, 2009) - LaPolla Industries, Inc. (OTCBB : LPAD )
("LaPolla"), a leading manufacturer and supplier of spray foam insulation
and coatings designed to reduce energy consumption in the commercial and
residential new construction and retrofit markets, today announced that it
has reached an exclusive distribution arrangement with IDI Distributors,
Inc. ("IDI") under LaPolla's AirTight Program.
LaPolla's AirTight Program is a turn-key start-up and training program
providing spray polyurethane foam (SPF) and specialized equipment allowing
conventional insulation contractors to transition into SPF insulation for
both residential and commercial construction. Under the AirTight Program,
applicators become licensed through LaPolla, and now IDI, to use LaPolla's
products and proven sales and marketing techniques while receiving
unparalleled technical and equipment support.
Douglas J. Kramer, President and CEO of LaPolla, stated, "This insulation
industry partnership with IDI accelerates the transition of potentially
thousands of existing conventional insulation contractors into the spray
foam insulation business and furthers our respective strategic plans. In
addition to the LaPolla and AirTight sales forces, IDI will now be able to
identify and initiate new AirTight licensed applicators."
Joe Novogratz, President of IDI, commented, "The new partnership now
created under LaPolla's AirTight Program will provide our existing and
prospective customers with the support they need to successfully add SPF to
their products and service offerings."
About LaPolla Industries, Inc.
LaPolla Industries, Inc. is a leading manufacturer and supplier of spray
polyurethane foam for insulation and coatings targeting commercial and
residential applications in the building envelope construction industries.
For more information, visit www.lapolla.com.
About IDI Distributors, Inc.
IDI Distributors, Inc. is a leading national distributor of insulation
products. IDI's network of locations throughout the United States provides
customers with the highest quality, market-focused information, and
opportunities in the insulation industry. IDI's commitment to quality stems
from a long term association with Owens-Corning. IDI's team consists of
highly trained professionals, consultants, and industry specialists
dedicated to providing quality products, service and information. For more
information, visit www.idimn.com.
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. You can
identify these and other forward-looking statements by the use of words
such as "may," "will," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "intends," "potential," "continue," or
the negative of such terms, or other comparable terminology. Such
statements rely on a number of assumptions concerning future events, many
of which are outside of the Company's control, and involve risks and
uncertainties that could cause actual results to differ materially from
opinions and expectations. 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 below. Although the Company believes its expectations are based
on reasonable assumptions, judgments, and estimates, forward-looking
statements involve known and unknown risks, uncertainties, contingencies,
and other factors that could cause the Company or the Company's industries'
actual results, level of activity, performance or achievement to differ
materially from those discussed in or implied by any forward-looking
statements made by or on the Company and could cause the financial
condition, results of operations, or cash flows to be materially adversely
affected. In evaluating these statements, some of the factors that you
should consider include the following: financial position and results of
operations, cash position and cash requirements, accounting estimates,
doubtful accounts, inventories, and warranties; operations, supply chain,
quality control, and manufacturing supply, capacity, and new and existing
facilities; products, price of products, product lines, and product and
sales channel mix; relationship with customers, suppliers and strategic
partners; credit facilities; industry trends and responses to these trends;
sources of competition; and outcome and effect of current and potential
future litigation. All information in this release is as of the date
hereof. 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.