Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http:/www.flamemaster.com
FLAMEMASTER REPORTS EARNINGS OF $.03 PER SHARE SALES FOR THE 1ST QUARTER ENDED DECEMBER 31, 2015.
Pacoima, California, March 30, 2016 – Flamemaster Corporation (Pink Sheets “FAME.PK”) reported earnings of $32,035 on sales of $1,449,414 for the quarter ended December 31, 2015. In the prior year’s quarter, the Company reported earnings of $242,588 on sales of $2,125,008. Per share results for the quarter ended December 31, 2015 were earnings of $.03 compared to earnings of $.22 per share for the quarter ended December 31, 2014.
The Company has experienced some difficulty in obtaining certain Raw Materials from suppliers, which impacted 1st quarter sales. The 2nd quarter sales also were slightly impacted by some Raw Material shortages, but The Company will still show a marked improvement over the 1st quarter. Some of the Raw Material issues have seen resolved, however, we continue to pursue alternate sources and ways to improve our supply chain.
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.