Q.E.P. Co., Inc. Reports Fire Damage to Its Australian Administrative and Distribution Facility

Q.E.P. CO., INC.

 (OTC:QEPC.PK)

(the "Company") reported that yesterday a fire occurred at its administrative and distribution facility located outside of Melbourne, Australia. The damage from the fire was extensive and the facility is currently not usable. No QEP employees or fire brigade responders were injured as a result of the fire.

Mr. Lewis Gould, Chairman and Chief Executive Officer of Q.E.P. Co., Inc., stated, "All our employees at the facility are safe. We are in the process of assessing the impact to our distribution of products, implementing contingency plans and are reaching out to our customers to inform them of the situation and to work with them on fulfilling their orders. I personally would like to thank our customers and our associates for their support."

As a result of its recent occurrence, the Company currently is unable to estimate the impact of the interruption on its results of operations, although the impact could be material.

Q.E.P. Co., Inc., founded in 1979, is a world class, worldwide provider of innovative, quality and value-driven flooring and industrial solutions. As a leading worldwide manufacturer, marketer and distributor, QEP delivers a comprehensive line of hardwood flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. In addition the Company provides industrial tools with cutting edge technology to all of the industrial trades. Under brand names including QEP®, ROBERTS®, Capitol®, Harris®Wood, Vitrex®, Homelux®, TileRite®, PRCI®, Nupla®, HISCO, Ludell, Porta-Nail and Elastiment®, the Company markets over 5,000 products. The Company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in 50 states and throughout the world.

This press release contains forward-looking statements, including statements regarding the Company's future results of operation. These statements are not guarantees of future performance and actual results could differ materially from our current expectations.

CONTACT: Q.E.P. Co., Inc.
         Richard A. Brooke
         Senior Vice President and
         Chief Financial Officer
         561-994-5550