Contact Information: Company Contacts: Douglas J. Kramer CEO Michael T. Adams CGO (281) 219-4700 (t) Investor Relations Contacts: Jody Burfening Elriz Martinez Lippert/Heilshorn & Associates (212) 838-3777 (t) emartinez@lhai.com
HOUSTON, TX--(Marketwire - February 19, 2008) - LaPolla Industries, Inc. (OTCBB : LPAD ), a
leading manufacturer and distributor of foam and coating products, today
announced Timothy J. Novak has resigned his position as chief financial
officer and treasurer, effective February 15, 2008, for personal reasons.
The board has appointed Michael T. Adams, executive vice president and
chief governance officer, to serve as interim chief financial officer and
treasurer until a replacement has been named.
"On behalf of the LaPolla management team, I would like to thank Tim for
his invaluable contributions to the company, particularly in the areas of
financial reporting and expense management. We wish him all the best in his
future endeavors," said Douglas J. Kramer, president and chief executive
officer. "We are fortunate to have Michael as a resource to assume the
chief financial officer duties while we search for an executive to replace
Tim. His in-depth knowledge of LaPolla's operations and experience with SEC
reporting will enable us to maintain sound financial systems and controls
in the interim."
About LaPolla Industries, Inc.
LaPolla Industries, Inc. is a leading national manufacturer and distributor
of foam and coating products targeting commercial, industrial and
residential applications in the roofing and perimeter insulation
construction industries. Additional information about LaPolla is available
on the World Wide Web at www.lapollaindustries.com.