Management Team Completes Expanko Buyout

Coatesville, PA – August 22, 2007 --  The senior management team of Expanko Cork Co., a supplier of cork and cork related flooring products, has completed its buyout of 100% of the company from the McKee family.

After the retirement of David McKee in July of 2006, the management of CEO Paul DeJuliis, Randy Gillespie, sales and marketing manager, and Chief Financial Officer Chuck Wilson assumed control of Expanko.

The buyout, the company said, allows the management team to improve Expanko’s presence in the commercial flooring market at the architectural and design level. Expanko will continue to sell commercial resilient flooring.