Houston, TX - 8/21/2013 - Lapolla Industries, Inc. ("Lapolla") (OTCQB:LPAD), a Houston based global supplier, and manufacturer of spray polyurethane foam insulation and elastomeric protective coatings, and equipment designed to reduce energy consumption in the residential, industrial and commercial markets, for both new construction and retrofit applications, executes a new exclusive contract with MVL Group ("MVL").
Doug Kramer, President & CEO of Lapolla said, "We are very pleased to have entered into an exclusive relationship with MVL Group, a world class supply partner. MVL Group is another example of a leading supply channel Lapolla is focusing on to bring our FOAMLOK(R) spray polyurethane foam insulation and THERMOFLEX(R) coating products to the global market."
Headquartered in Dubai, MVL is an industry leading supply chain and construction supply Management Company with concentration in the Middle East and North Africa that provides professional services to companies within the defense, construction, and engineering industries. Having supplied tens of thousands of tons of specialized materials to US Army projects, MVL has a proven reputation in the industry as a reliable and consistent source for standard and special order items specified by high level prime contractors.
"As a top importer of Lapolla's highly credentialed foam insulation systems into the Middle East, MVL views this exclusive agreement as the natural progression of a relationship already aligned in shared values and standards. All of us at MVL are proud of this relationship, and look forward to solidifying our role as Lapolla's conduit to the Middle East and North Africa," said Mr. Abie Musa, Managing Director at MVL.
About Lapolla Industries, Inc.
Lapolla Industries, Inc. is a global supplier, and manufacturer of spray foam insulation and elastomeric protective coatings, and equipment designed to reduce energy consumption in the residential and commercial markets, for both new construction and retrofit applications. Additional information about Lapolla is available at http://www.lapollaindustries.com/.
About MVL Group
MVL is an industry leading supply chain and construction supply Management Company with concentration in the Middle East and North Africa that provides professional services and materials to companies within the defense, construction, and engineering industries. Additional information about MVL is available at http://www.mvl-group.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, 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 http://www.lapollaindustries.com/.
Lapolla Industries Contacts:
Douglas J. Kramer, CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
Tel: (281) 219-4700
MVL Group Contacts:
Abie Musa, Managing Director
Tel: +971 4 454-7345
Source: Lapolla Industries, Inc.