FOR IMMEDIATE RELEASE: February 28, 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 $0.14 PER SHARE
FOR FISCAL YEAR ENDED SEPTEMBER 30, 2012
Pacoima, California, February 28, 2013 – Flamemaster Corporation (Pink Sheets “FAME.PK”) reported net income of $168,938 on sales of $4,905,073 for the year ended September 30, 2012. In the previous year earnings were $269,120 on sales of $5,075,116. Per share results were $.14 fully diluted in 2012 vs. $.22 fully diluted in 2011.
For the 4th quarter ended September 30, 2012, the Company reported net income more than doubled to $110,333 on a 10.5% sales increase to $1,265,423, compared to net income of $49,216 on sales of $1,143,200 in the prior year. Per share results for the quarter ending September 30, 2012 were $.09 compared to $.04 for the quarter ending September 30, 2011
The company continues to expand its product lines and distribution network.
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 forward-looking statements. 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
Copyright © 1998-2008 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
See our Important Disclaimers and Legal Information.
13576 Desmond Street
Pacoima, CA 81331
Phone: 818 890-1401
Fax 818 890-6001