Sun Valley, California, February 26, 2002, : Flamemaster Corporation (Nasdaq: "FAME"), announced that it’s Board of Directors declared a quarterly cash dividend of .032 cents payable on April 11, 2002 to shareholders of record March 21, 2002.

Flamemaster Corporation is a specialty chemicals manufacturer servicing the aerospace and defense industries with high performance aircraft sealants and coatings. Flamemaster continues to hold a significant interest in PerfectData Corporation (Nasdaq: "PERF"), 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.