Q.E.P. Co., Inc.

Wilen Investment Management Corp. manages investment advisory accounts through the purchase and sale of stocks, bonds, notes, warrants and other securities. In addition, the firm may exercise conversion or redemption privileges pertaining to the securities held in their clients' accounts. Wilen is strongly inclined to equity investing because they believe common stocks provide the best opportunity for increasing wealth and buying power. The firm focuses on investments in companies that are easy to understand, mundane and sometimes boring. They avoid investing in volatile sectors such as high-technology and banking. Wilen only buys only when P/E ratios are low enough to meet their criteria, when balance sheet analysis indicates assets can be purchased at a discount, when significant free cash flows are unrecognized or when fundamental changes are taking place within a company make it a good investment candidate. The firm is always interested in opportunities arising from the disposition of a money-losing subsidiary or the acquisition of a complementary business at a favorable price. Wilen's investment philosophy is designed to provide downside protection and to cushion portfolios from extreme losses. They are patient investors and are willing to hold to positions for long periods of time.

Wilen Investment Management Corp. manages investment advisory accounts through the purchase and sale of stocks, bonds, notes, warrants and other securities. In addition, the firm may exercise conversion or redemption privileges pertaining to the securities held in their clients' accounts. Wilen is strongly inclined to equity investing because they believe common stocks provide the best opportunity for increasing wealth and buying power. The firm focuses on investments in companies that are easy to understand, mundane and sometimes boring. They avoid investing in volatile sectors such as high-technology and banking. Wilen only buys only when P/E ratios are low enough to meet their criteria, when balance sheet analysis indicates assets can be purchased at a discount, when significant free cash flows are unrecognized or when fundamental changes are taking place within a company make it a good investment candidate. The firm is always interested in opportunities arising from the disposition of a money-losing subsidiary or the acquisition of a complementary business at a favorable price. Wilen's investment philosophy is designed to provide downside protection and to cushion portfolios from extreme losses. They are patient investors and are willing to hold to positions for long periods of time.