Q.E.P. Names New CFO

Boca Raton, FL, July 27, 2006--Q.E.P. today announced the appointment of Stuart F. Fleischer to the position of Chief Financial Officer, Senior Vice President, and Treasurer. Lewis Gould, Q.E.P.'s Chairman and Chief Executive Officer, stated: "Stuart's extensive background combined with his strong corporate financial leadership makes him an ideal choice to manage Q.E.P.'s finances. Stuart fills a significant role in our management team and we are looking forward to sharing our future successes with him." Mr. Fleischer joins Q.E.P. from National Medical Health Card Systems, Inc. where he served as Chief Financial Officer from 2003 to 2006. Prior to his employment with NMHC, Mr. Fleischer served as an engagement partner for Tatum CFO Partners, LLP, from 2001 through 2003, and as Vice President of Finance of the Medical Group for Henry Schein, Inc., a publicly traded distribution business, from 1997 to 2000. Mr. Fleischer received a B.S. in Accounting from Lehigh University and is a Certified Public Accountant.