FOR IMMEDIATE RELEASE: September 20, 2013
Contact: Joseph Mazin, President & CEO
Telephone: (818) 890-1401
Fax: (818) 890-6001
Web Site: http://flamemaster.com
Dream Master Trailer :http://www.youtube.com/watch?v=uvhUucm9efw
FLAMEMASTER REPORTS EARNINGS OF $.03 PER SHARE ON LOWER SALES FOR THE QUARTER ENDED JUNE 30, 2013
Pacoima, California, September 20, 2013 – Flamemaster Corporation (OTC Pink Sheets “FAME”) today reported earnings of $33,715 or $.03 per share on a 32% decline in sales to $1,064,055 for the quarter ended June 30, 2013. In the prior year’s quarter, The Company reported a net of $302,661 or $.26 per share on sales of $1,564,792
For the nine-month period ended June 30, 2013, sales declined by 14% to $3,128,736 compared to $3,639,650 in the year earlier period. The Company reported a loss of ($7,855) for the nine-month period ended June 30, 2013 compared to $58,605 gain in the prior year. Per share results were ($.01) for the 2013 period vs. $.05 for the 2012 period.
The Company has expanded into several new markets and expects its products will be well received.
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.
SOURCE: Flamemaster Corporation
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13576 Desmond Street
Pacoima, CA 81331
Phone: 818 890-1401
Fax 818 890-6001