HOUSTON, Oct. 25, 2011 /PRNewswire/ -- Flame Seal
Products, Inc.(Pinksheets: FLMP), is experiencing an increase in
sales volume that is well ahead of recent projections. Sales
in October are already $149,948 (an
increase of ~$90,000 over September),
with six days remaining. The Company also has received
"pre-booked" sales for November delivery of $126,439, based upon confirmed contracts, with
commitments for $190,000 in December
with the same customer.
Sales are growing at an exponential rate as marketing programs
pick up momentum. More specifics will be presented in
upcoming releases, as reports are being prepared at this time, and
permission to disclose is being acquired from parties involved.
Flame Seal's new facility is scheduled for a final inspection
Friday, October 28, 2011, after which
a move-in date should be set quickly. The Company is making
plans to purchase and set up a new high volume mixing tank and
system for Leather Seal, to accommodate an upswing in sales
contracts for this fire retardant product for Leather Seats and
Furniture.
The increase in sales for Leather Seal, in addition to the
growing sales of Flame Seal-TB for the Foam Insulation market to
satisfy Thermal Barrier requirements, require immediate expansion
of production capabilities. The latest developments with the
new facility are just in time to allow the Company to take
possession, with ample time to be fully prepared for these high
volume sales as they occur.
The President clarifies "Exit Strategy":
"It has come to my attention that a number of comments on
financial message boards, as well as inquiries received at Flame
Seal, indicate there is some wild speculation regarding my meaning
by this recent comment. Much of it has been negative.
Let me clear the air, as I did not mean an exit strategy for
the Company, but rather, an exit strategy for the individual
shareholder. This will be in the form of an explanation
regarding when and how stockholders who are averaged at certain
prices can expect a profitable exit point. Since we now have
a couple of markets that can be well defined, especially the Foam
Insulation market, as well as sales that can be projected based
upon real, functioning contracts, we have the tools to make such
calculations for the first time. I will get that information
into the mix as soon as I can. At the latest, it will be in
our documents when we update our filing at OTCMarkets.com.
"As everyone can see by the above, and recent Press, Flame Seal
is now on a very well defined path to success, and sales are
increasing at a very impressive rate every week.
"I will continue to provide information via PRs, especially
regarding sales progress, as well as our new facility, and will be
able to do so more frequently, now that we are now settling into a
more 'normal' type of business mode. And I must admit, on a
personal level, I am really enjoying this." Michael D. Kiser, President.
FLAME SEAL PRODUCTS, INC. (FLMP) began trading March 27, 2000 on OTCMarkets. Flame Seal
Products, Inc. is the Transfer Agent of record.
Contact:
Michael D. Kiser
Flame Seal Products (symbol: FLMP)
Offices: 713-668-4291
Website: www.flameseal.com
SOURCE Flame Seal Products, Inc.
