Q.E.P., Lenders Extend Forbearance Agreement

Boca Raton, FL,March 17, 2009--Q.E.P. Co.said that its forbearance agreement with lenders will continue through April 16.

The extension will enable the parties to negotiate an amendment to the company's domestic credit facility and Canadian mortgage facility.

Q.E.P. Co., founded in 1979, is a manufacturer, marketer and distributor of a broad line of flooring tools and accessories for the home improvement and professional installer markets. Under brand names Q.E.P and Roberts, Q.E.P. markets approximately 3,000 products used primarily for surface preparation and installation of ceramic tile, carpet, vinyl and wood flooring. The Company sells its products to large home improvement retail centers, as well as traditional distribution outlets in 50 states and around the world.