Lapolla and Mark Group Enter Five Year Supply Contract
AirTight SprayFoam® Exclusive for United Kingdom Market
HOUSTON, Feb. 4, 2013 /PRNewswire/ -- Lapolla Industries, Inc. ("Lapolla") (OTCQB: LPAD), a Houston based global supplier, and manufacturer of spray foam insulation and equipment designed to reduce energy consumption in the residential and commercial markets, for both new construction and retrofit applications, announces long term exclusive supply agreement with Mark Group for the United Kingdom markets.
Richard J. Kurtz, Chairman of the Board of Lapolla Industries, Inc. commented, "We are pleased that Mark Group chose Lapolla to be its exclusive supplier in the United Kingdom for installation of spray foam insulation relating to the government's Green Deal requirements. Lapolla offers world class service and technical support to meet Mark Group's needs."
The Green Deal helps homeowners, landlords, and renters make energy-saving home improvements, like insulation, to make their home more comfortable and lets them pay for some or all of the improvements over time on their utility bill. Repayments will be no more than what a typical household should save in energy costs.
Bill Rumble, Chief Commercial Officer from Mark Group says, "We are very excited about building a strategic partnership with Lapolla to expand our product offering across the UK and our international markets."
About Lapolla Industries, Inc.
Lapolla Industries, Inc. is a global supplier and manufacturer of spray foam insulation products targeting commercial, industrial and residential applications in the roofing and insulation construction industries. Additional information about Lapolla is available at www.lapolla.com.
About Mark Group Limited
Mark Group Limited is a United Kingdom based national company with over 1,400 employees, dedicated to providing a 'whole house' solution to energy-efficiency. Founded in 1974, Mark Group has already helped to make more than two million homes more energy-efficient, currently installing around 6,000 insulation measures every week. Mark Group's services are tailored for homeowners as well as builders, architects, local authorities and government bodies. Additional information about Mark Group is available at http://www.markgroup.co.uk.
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, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, 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. 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. 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. Copies of Lapolla's press releases and additional information about Lapolla is available at on the World Wide Web at www.lapollaindustries.com.
Douglas J. Kramer, CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
SOURCE Lapolla Industries, Inc.
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