Quality Products Announces Sale of Stock by Officer
COLUMBUS, Ohio--(BUSINESS WIRE)-- Quality Products, Inc. (Pink Sheets: QPDC), a manufacturer and distributor of aircraft ground support equipment ("Columbus Jack & Regent Manufacturing") and hydraulic machine tools ("Multipress" & "PPT"), today announced the recent sale of stock by Chief Executive Officer, Richard Drexler.
Mr. Drexler liquidated all of his shares in the Company, which were held in a SEP IRA, as part of his estate planning. The share sale does not signify any change in Mr. Drexler's status with the Company, and he will continue to serve on the Company's Board of Directors and as CEO. The sale of a large block of shares may depress the share price as reported in the pink sheets, but the Company does not believe this reflects any adverse change in our operations or prospects.
This press release, other than the historical information, consists of "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995), which are identified by the use of words such as "believes", "expects", "projects", and similar expressions. While these statements reflect the Company's current beliefs and are based on assumptions that the Company believes are reasonable, they are subject to uncertainties and risks that could cause actual results to differ materially from anticipated results.
Quality Products, Inc.
Tac Kensler, 614-228-0185
KEYWORDS: United States North America Ohio
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