FOR IMMEDIATE RELEASE

Sun Valley, California, August 8, 2000 - The Flamemaster Corporation (NASDAQ "FAME") reported net income advanced to $440,673 a gain of 21% on revenues of $1,618,219 an increase of better than 7 1/2 % for the quarter ended June 30, 2000 as compared to a net of $364,619 and revenue of $1,504,919 for the year earlier quarter.

For the nine-month period ended June 30, 2000 revenues expanded to $4,110,987 from $3,610,840 in the year earlier period an increase of about 14% and net gained 42% to $988,576 compared to $692,457 for the nine months ended June 30, 1999.

Revenues and earnings expanded as the Company benefited from greater investment gains. Per share net for the quarter was $.27 vs. $.22 in the prior year and for the nine months net per share was $.61 vs. $.41 in the year earlier period.

Flamemaster holds a significant stake in PerfectData Corporation (NASDAQ "PERF") and a moderate stake in the Hartcourt Companies (OTC BB "HRCT"). PerfectData recently completed a $3,000,000 equity infusion and installed a new Board of Directors and an Advisory Committee to seek high technology acquisition candidates. The Hartcourt Companies recently announced it has reached an agreement to acquire a controlling interest in the leading provider of financial research and news in China. The Hartcourt Companies also announced the formation of a new wholly owned subsidiary, the Hartcourt Capital Inc., whose goal is to create a primiere online financial transactions company in greater China.

Flamemaster is a Southern California based specialty chemicals manufacturer of high performance sealants, adhesives and coatings and has recently added laboratory testing services for outside clients, which will include evaluation and analysis of materials. In addition to it's stakes in PerfectData and the Hartcourt Companies, the Company also holds stakes in WorkSeek.com, an internet recruitment company and one of the leading career fair business operators, in dandybiz.com a business development venture and an extensive investment portfolio.

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.

Flamemaster Corporation

(unaudited)

                                                      Three months ended                     Nine months ended

SOURCE: Flamemaster Corporation

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For More Information Contact:
Joe Mazin
Flamemaster Corporation
11120 Sherman Way
Sun Valley, California  91352-4949
Tel: 818.982-1650
FAX: 818.765-5603
e-mail: flamemaster@cyberhotline.com

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Last modified: January 23, 2001