Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http://flamemaster.com
FLAMEMASTER REPORTS EARNINGS OF $.46
PER SHARE FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016
Pacoima, California, February 9, 2017 – Flamemaster Corporation (Pink Sheets “FAME.PK”) reported net income of $511,853 on sales of $6,651,375 for the year ended September 30, 2016. In the previous year earnings were $721,968 on sales of $7,569,979. Per share results were $.46 fully diluted in 2016 vs. $.64 fully diluted in 2015.
For the 4th quarter ended September 30, 2016, the Company reported net income of $188,254 on sales of $1,541,808. In the 4th quarter ended September 30, 2015 the Company reported net income of $93,066 on sales of $1,749,305. Per share results for the quarter ending September 30, 2016 were $.17 compared to $.08 in the previous year’s quarter.
Flamemaster continues to grow its product line and expand its customer base.
Flamemaster is a Southern California based specialty chemicals manufacturer of high performance sealants, adhesives and coatings, servicing the Aerospace, Defense, Energy, Marine 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.