Facilitates Conventional Insulation Installers Transition to SPF Insulation Installations
HOUSTON, TX — (MARKET WIRE) — January 19, 2009 — Lapolla Industries, Inc. (LPAD.OB) (“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 entered into an agreement with Landmark Financial Corporation to provide equipment financing for customers.
Lapolla’s spray polyurethane foam (SPF) insulation systems are applied in residential, commercial and industrial buildings with spray equipment. By offering an equipment financing option, Lapolla is removing a critical barrier to entry for the thousands of conventional fiberglass insulation businesses desiring to retool to take advantage of SPF insulation opportunities. SPF insulation is one of the fasted growing markets in the construction industry.
“This is another significant step by Lapolla to develop and make available programs that facilitate the transition of conventional insulation businesses to the energy efficient SPF insulation business,” stated Douglas J. Kramer, President and CEO of Lapolla. “The availability of competitive equipment financing program for our customers further propels Lapolla’s growth prospects for 2009 and beyond,” concluded Mr. Kramer.
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 Landmark Financial Corporation
Landmark Financial Corporation offers a full service approach to equipment financing. As a direct underwriter, Landmark Financial eliminates the middleman, to save clients money and provide a more seamless experience. The company offers financing for a wide variety of equipment. For more information, visit www.lfcinc.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. 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.
|LaPolla Industries, Inc. Contacts:
Douglas J. Kramer, CEO
Michael T. Adams, CGO
|Public Relations Contacts:
5W Public Relations