Expands Sales Focus and Distribution into Canadian Markets
HOUSTON, TX — (MARKET WIRE) — April 17, 2009 — Lapolla Industries, Inc. (“Lapolla”) (OTC BB:LPAD.OB - News) a Houston based manufacturer and supplier of energy-efficient spray foam for insulation and specialty coating systems announces Canadian Product Approval and the expansion of its sales focus and distribution into Canadian Markets. Lapolla recently opened its Canadian based headquarters in Toronto, Ontario and appointed Marc Kast as General Manager, Lapolla Canada.
“Mr. Kast’s experience spans over 25 years in the Canadian spray foam insulation industry and related equipment business. We are proud to offer our comprehensive products and services in this very important insulation market. With Marc’s and Lapolla’s long standing relationships, from St. John’s to Victoria, we are optimistic about our swift market participation and long-term success,” stated Douglas J. Kramer, President and CEO of Lapolla.
The Lapolla technical staff, with support from Bodycote Testing Group, successfully achieved the CCMC Approval, which allows Lapolla market access with its Foam-LOK™ spray polyurethane insulation systems throughout Canada. Graco, Inc. has also endorsed Lapolla Canada with a National Authorized Equipment Distributorship.
“We are very pleased with the significant network of distribution partners we have recently added and look forward to establishing additional relationships to ensure broader market access,” said Marc Kast, Lapolla Canada General Manager.
Lapolla spray foam insulation systems provide energy savings, improved air quality, comfort, and sustainable performance. The spray applied technology is fully adhered, provides high insulation value, and eliminates air infiltration, which can be as much as 40% of energy loss.
Lapolla is a proud Manufacturer and Supplier member of the Canadian Urethane Foam Contractors Association (CUFCA) and currently holds a seat on the CAN/ULC task group.
About Lapolla Canada
Lapolla Canada’s portfolio includes Foam-LOK™ spray foam insulation systems, Graco® and Glascraft® spray equipment and parts, custom built spray foam rigs, training, and technical support.
About Lapolla Industries, Inc.
Lapolla Industries, Inc. is a large manufacturer and supplier of insulation foam and coating products targeting commercial, industrial and residential applications in the roofing and insulation construction industries. Additional information about Lapolla is available on the World Wide Web at www.lapollaindustries.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.
Douglas J. Kramer, CEO
Michael T. Adams, CGO
Paul Smiertka, CFO
Marc Kast, General Manager, Canada