QEP Files for Delisting from NASDAQ

Boca Raton, FL, June 25, 2009--Q.E.P. CO. said it has filed for delisting from the NASDAQ exchange.

The company said it expects its common stock to be quoted soon in the over-the-counter market on the Pink Sheets, a centralized electronic quotation service.

The company expects to be delisted by July 6. It said it believes shareholders will be best served by reducing the cost of compliance, the demands on management time, and the company resources required to maintain its listed and registered status.

Q.E.P. Co., Inc. is a worldwide manufacturer, marketer and distributor of a broad line of flooring tools and accessories.