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Incumbent Board of Directors Re-Elected
HOUSTON, July 12 /PRNewswire-FirstCall/ -- LaPolla Industries, Inc. ("LaPolla" or the "Company") (AMEX:LPA), today announced the re-election of the incumbent slate of directors at the Annual Meeting of Stockholders and appointment of new officers for the coming year.
Richard J. Kurtz, Chairman of the Board stated, "Our new direction has gained incredible momentum. During the course of our realignment, we have created a stronger team capable of addressing the growing acrylic coating and foam markets as well as the perimeter wall foam markets on a national basis. I am very pleased to have the extensive sales, operational, and financial management experience shared among LaPolla's executive management team and its employees."
Mr. Kurtz went on to say, "LaPolla is committed to attracting the best management talent and expertise available and to positioning our existing leaders where they can have the greatest impact as we work toward our goal to be the leader in our industry in coating and foam lines. These appointments reflect that commitment in action."
The Company's returning four member Board of Directors, re-elected for 2006-2007, include:
Richard J. Kurtz, Chairman: Mr. Kurtz is chief executive officer of the
Kamson Corporation, a privately held, owner and operator of investment
properties in the Northeastern U.S., headquartered in Englewood Cliffs,
NJ. He has been a member of the board of directors of LaPolla since
November 1998.
Lt. Gen. Arthur J. Gregg, US Army (Ret.), Director: Lt. Gen. Gregg has
more than fifty-six years of military and business experience leading to
success new businesses and turn around situations. He has been a member
of the board of directors of LaPolla since February 2000.
Gilbert M. Cohen, Director: Mr. Cohen has more than forty-one years
experience in business and financial management, most notably as co-
founder, chief financial officer, and treasurer of the Kamson
Corporation. He has been a member of the board of directors of LaPolla
since November 2004.
Michael T. Adams, Director: Mr. Adams has more than ten years
experience with LaPolla and its former subsidiaries, employed in various
officer and executive positions, most recently serving as interim chief
executive officer since January 2005. Mr. Adams has been a member of
the board of directors of LaPolla since December 2004.
The Board elected and confirmed the appointments of the following officers of LaPolla Industries, Inc.:
Douglas J. Kramer, Chief Executive Officer and President: Mr. Kramer
joined the Company in February 2005 as president and chief operating
officer and was named Chief Executive Officer and President in July
2006. Prior to joining LaPolla, Mr. Kramer worked with Foam
Enterprises, Inc., a wholly-owned subsidiary of the BASF Corporation,
from 1997 to 2004. Mr. Kramer began his career with Foam Enterprises as
western regional sales manager and concluded his employment there prior
to joining LaPolla as vice president of construction products. Mr.
Kramer has a background in Liberal Arts from Penn State University and
the University of Texas.
John A. Campbell, Chief Financial Officer and Treasurer: Mr. Campbell
joined the Company in September 2005 as controller and was named Chief
Financial Officer and Treasurer in February 2006. He was chief
financial officer of JEMS Geriatric Services, Inc. from 2003 to 2005 and
served as controller for Sharps Compliance Corporation from 2001 to
2003. Mr. Campbell has a bachelor of science degree in accounting from
Stephen F. Austin University and a master of science degree in business
administration from the University of Phoenix.
Michael T. Adams, Chief Governance Officer, Executive Vice President,
and Secretary: Mr. Adams was appointed interim chief executive officer
in January 2005 and was named Chief Governance Officer, Executive Vice
President, and Secretary in July 2006. During his more than ten years
with LaPolla, Mr. Adams has served as president from 2003 to 2005,
executive vice president and corporate secretary from 1999 to 2003, and
has held various officer positions in the Company's former subsidiaries
since he first joined the Company in 1997. Mr. Adams has a bachelor of
science degree in business administration, a master of science degree in
business administration, and a juris doctor degree from Nova
Southeastern University.
About LaPolla Industries, Inc.
LaPolla Industries, Inc. is a national manufacturer and distributor focused on several basic segments: Coatings, Foam, Paints, Sealants, Adhesives, Equipment, and All Other. Within these business segments, LaPolla has invested resources in a variety of products targeting commercial and industrial and residential applications in the roofing, construction and paint industries. For more information on LaPolla visit http://www.lapollaindustries.com/.
For more information, financial analysts, investors and press only:
Suzanne M. McLeod
Director of Investor Relations
(281) 219-4700 (t)
(281) 219-4701 (f)
Company Contacts:
Douglas J. Kramer, CEO
John A. Campbell, CFO
Michael T. Adams, CGO
(281) 219-4700 (t)
(281) 219-4701 (f)
Website: http://www.lapollaindustries.com/
DATASOURCE: LaPolla Industries, Inc.
CONTACT: Suzanne M. McLeod, Director of Investor Relations,
, or Douglas J. Kramer, CEO, or John A. Campbell, CFO,
or Michael T. Adams, CGO, all of LaPolla Industries, Inc., +1-281-219-4700,
Fax: +1-281-219-4701
Web site: http://www.lapollaindustries.com/