Wallover Names New President

Mr. Kielts will fill the position formerly held by Hub Marquis, who will remain as CEO and Chairman of the Board at Wallover. Mr. Marquis headed the company for the last 23 years and was responsible for many noteworthy accomplishments during his tenure.

Mr. Marquis commented, "We were happy to be able to fill this position from within the company to a deserving individual like Eric Kielts, who has been with Wallover for more than 20 years. His vast knowledge of the lubricant industry along with his experience with Wallover made him a natural choice."

"Our plan is to continue Wallover's growth strategy in high performance lubricants by further expanding domestic distribution and putting additional emphasis on international markets. We will increase our investment in proprietary chemistries to better serve our varied customers," stated Mr. Kielts.

Under the guidance of outgoing president Hub Marquis, Wallover had sales growth of over 300%, acquired four companies, started an environmental laboratory for testing (later sold), became ISO-9000-2000 certified, launched a metalworking line of water-based coolants that now accounts for almost 25% of the company's revenue, and added over 40 distributors.

Eric Kielts has over 27 years of experience in the lubricant industry and is past Chairman of the Independent Lubricants Manufacturing Association (ILMA) Metalworking Committee. He is a graduate of the University of Dayton.