FLAMEMASTER DECLARES 53^RD CONSECUTIVE QUARTERLY CASH DIVIDEND

Sun Valley, California, September 27, 2002: Flamemaster Corporation (NASDAQ: "FAME"), announced that it’s Board of Directors declared a quarterly cash dividend of .032 cents payable on October 25, 2002 to shareholders of record October 10, 2002.

Flamemaster Corporation is a specialty chemicals manufacturer servicing the aerospace and defense industries with high performance aircraft sealants and coatings.

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.