P R E S S R E L E A S E
Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http://flamemaster.com
FLAMEMASTER REPORTS AN EARNINGS GAIN OF 68% TO $.64
PER SHARE FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015
ON A 37.3% INCREASE IN SALES
Pacoima, California, March 10, 2016 – Flamemaster Corporation (Pink Sheets “FAME.PK”) reported net income of $721,968 on sales of $7,569,979 for the year ended September 30, 2015. In the previous year earnings were $434,629 on sales of $5,511,714. Per share results were $.64 fully diluted in 2015 vs. $.38 fully diluted in 2014.
For the 4th quarter ended September 30, 2015, the Company reported net income $93,066 on sales of $1,749,305. In the 4th quarter ended September 30, 2014 the Company reported net income of $336,018 on sales of $2,055,724. Per share results for the quarter ending September 30, 2015 were $.08 compared to $.29 in the previous year’s quarter.
Flamemaster has continued to expand it’s customer base and product offerings during the year.
Flamemaster is a Southern California based specialty chemicals manufacturer of high performance sealants, adhesives and coatings, servicing the Aerospace, Defense, Energy, and Transportation industries.
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.