BOCA RATON, FLORIDA – November 3, 2014 – Q.E.P. CO., INC. (OTC: QEPC.PK) (the “Company”) announced that it has completed the acquisition of the business of Flooring Trade Supplies (FTS), a key accessory distributor in Sydney, New South Wales.

Flooring Trade Supplies’ operations will merge with the Company’s existing Australian Flooring Supplies (AFS) accessory distribution business. Flooring Trade Supplies business includes the distribution of the Holdfast range of adhesives, which now will be sold exclusively through QEP’s Australian AFS network.

Bruce Maclaren, Managing Director of QEP Australia, commented,“This acquisition will strengthen our Australian Flooring Supplies operations and create a dominant market player in the New South Wales accessory business expanding our AFS trade centres to 16 nationally.”

Q.E.P. Co., Inc., founded in 1979, is a world class, worldwide provider of innovative, quality and value-driven flooring and industrial solutions. As a leading worldwide manufacturer, marketer and distributor QEP delivers a comprehensive line of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. In addition the company provides industrial tools with cutting edge technology to all of the industrial trades. Under brand names including QEP®, ROBERTS®, Capitol®, Harris®Wood, Fausfloor®, Homelux®, TileRite®, Nupla®, HISCO®, Ludell®, Vitrex®, Plasplugs, PRCI®, Porta-Nails® and Elastiment®, the Company markets over 7,000 products. The Company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in 50 states and throughout the world.