Brings a Proven Multi-Family Property Background
HOUSTON, TX — (BUSINESSWIRE) — January 8, 2014 — Lapolla Industries, Inc. (“Lapolla”) (OTCQB:LPAD), a Houston based global supplier, and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment, designed to reduce energy consumption in the residential, industrial and commercial markets, for both new construction and retrofit applications, announces Pete Pierangeli as VP of AirTight Division.
“We are pleased to announce this appointment,” reported Richard J. Kurtz, Chairman of the Board of Lapolla. “Pete brings proven leadership to Lapolla and will be responsible for starting up and building the AirTight Division’s Multi-Family Property Retrofit Program nationally. His career has focused on innovative, sustainable solutions that reduce property owners’ operating costs and he has worked directly within the property management industry and real estate industry associations,” continued Mr. Kurtz.
Mr. Kurtz further commented, “I own and manage 85 multi-family properties through The Kamson Corporation in New Jersey, Pennsylvania, New York and Connecticut. Out of necessity and in order to gain control of increasing energy costs, I made substantial investments in identifying and implementing energy conservation measures in many of these multi-family properties, the results of which have proven out to be between 30% and 50% savings on energy costs on an annual basis.” “The AirTight Division’s Multi-Family Property Retrofit Program uses proven design elements to make energy saving improvements in multi-family properties and brings them to other multi-family property owners and industry participants to help them realize the same results,” concluded Mr. Kurtz.
Before joining Lapolla, Mr. Pierangeli was part owner of Pierangeli Group Inc., a diversified, closely-held, family wholesale distribution and manufacturing business, with a national Multi-Family Maintenance Repair and Operations (MRO) division that was sold in a national roll-up where he served as president. After the roll-up, he served as vice president of national accounts and led such sales of the new business. Mr. Pierangeli earned a bachelor’s degree in marketing from Drexel University in Philadelphia and served as the university’s Marketing Society President for two years; and earned an Owner President Management (OPM) certification at Harvard University.
About the AirTight Division
The AirTight Division, an operating unit of Lapolla, is primarily focused on marketing, promoting, and selling energy saving products and energy reduction services. The AirTight Division’s Multi-Family Property Retrofit Program is a proprietary energy conservation measure program which involves providing for an energy use and savings analysis for a multi-family property and implementation of identified energy conservation measures suitable for such property with the goal of containing and reducing energy costs on an annual basis.
About Lapolla Industries, Inc.
Lapolla Industries, Inc. is a global supplier, and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment, designed to reduce energy consumption in the residential, industrial and commercial markets, for both new construction and retrofit applications. More information is available at www.lapolla.com.
Forward Looking Statements
Statements made in this press release that are not historical facts constitute “forward-looking statements” pursuant to Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and Private Securities Litigation Reform Act of 1995. Any such forward-looking statements should be considered in context with various disclosures made by Company about its business. All information herein is as of date hereof. Company undertakes no duty to update any forward-looking statement.
Douglas J. Kramer, CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO