13576 Desmond Street, Pacoima, CA 91331
P R E S S R E L E A S E
For Immediate Release:
FLAMEMASTER REPORTS EARNINGS OF $.05 PER SHARE ON AN 18.9% RISE IN SALES FOR THE QUARTER ENDED JUNE 30, 2014
Pacoima, California, August 8, 2014 – Flamemaster Corporation (OTC Pink Sheets “FAME”) today reported earnings of $57,285 or $.05 per share on an 18.9% increase in sales to $1,265,307 for the quarter ended June 30, 2014. In the prior year’s quarter, The Company reported a net of $33,715 or $.03 per share on sales of $1,064,055.
For the nine-month period ended June 30, 2014, sales were higher by 14.3% to $3,577,082 compared to $3,128,736 in the year earlier period. The Company reported a gain of $98,611 for the nine-month period ended June 30, 2014 compared to a loss of ($7,855) for the nine-month period ended June 30, 2013. Per share results were gain of $.09 for the 2014 period vs. ($.01) loss for the 2013 period.
The Company recently launched a new and improved website designed with a fresh new look and features user-friendly navigation. The new site has been customized with Web search features for locating products by application, by product name, by specification and by NSN (National Stock Number).
Flamemaster is experiencing an increased level of inquiries, requests for quotes and a resurgence of new orders as it enters its 4th fiscal Quarter.
Flamemaster is a Southern California based specialty chemicals manufacturer servicing the aerospace, electronic, communication, marine, energy, transportation and defense industries with high performance aircraft sealants and coatings.
The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the company and reflect future business decisions, which are subject to change.
|Three months ended||Nine months ended|
|Net income or (loss)||57,285||33,715||98,611||7,855|
|Net income per share,|
|basic or diluted||$0.05||$0.03||$0.09||($.01)|