FOR IMMEDIATE RELEASE

Sun Valley, California: February 8, 2001 – Flamemaster Corporation (NASDAQ "FAME"), today reported net income of $109,854 or $.07 per share on revenues of $951,643 for the 1^st quarter compared to net of $140,774 or $.09 per share on revenues of $1,017,547 in the year earlier period. The decrease in net during the current period was a result of a lower level of investment gains.

The Company’s balance sheet is very strong with a current ratio of 23 to 1. Working capital stood at a healthy $6,461,054.

The Company has recently declared its 47^th consecutive quarterly cash dividend and continues to emphasize building long-term shareholder value. "Management’s focus on productivity and technology gains as well as a strong balance sheet to provide the resources necessary to optimize potential, will enhance our ability to achieve our goals," stated Joseph Mazin CEO.

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

Copyright © 2001 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.
Questions or Comments?

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

Send mail to flamemaster@cyberhotline.com with questions or comments about this web site.
Copyright © 2001 
Last modified: May 15, 2001