FOR IMMEDIATE RELEASE: March 18, 2015
Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http:/www.flamemaster.com
FLAMEMASTER EARNINGS SURGE TO $.22 PER SHARE ON RECORD SALES FOR THE 1ST QUARTER
ENDED DECEMBER 31, 2014.
Pacoima, California, March 18, 2015 – Flamemaster Corporation (Pink Sheets “FAME.PK”) reported earnings of $242,588 on record sales of $2,125,008 for the quarter ended December 31, 2014. In the prior year’s quarter, the Company reported earnings of $25,779 on sales of $1,219,328. Per share results for the quarter ended December 31, 2014 was a gain of $.22 compared to earnings of $.02 per share for the quarter ended December 31, 2013.
The Company has expanded its customer base, product lines and achieved gains in all product categories. The sharp decline of the Euro and the rise of the U.S. Dollar against most major currencies have slowed the gains being made by the Company on overseas sales.
Flamemaster Corporation is a specialty chemical manufacturer servicing the aerospace, defense, energy and transportation 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.