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FOR IMMEDIATE RELEASE


Flamemaster Reports Earnings and Record Revenue For 

The Quarter and Nine Months Ending June 30, 2007

Pacoima, California, July 26, 2007 – Flamemaster Corporation (OTC Pink Sheets “FAME”) today reported net income of $279,291 or $.23 per share on record sales of $1,721,931 for the quarter ended June 30, 2007, a 17.7% gain, compared to net of $122,733 or $.10 per share on sales of $1,462,696 in the year earlier period. 

 For the nine-month period ended June 30, 2007, sales increased by 9.3% to a record $4,850,411 compared to $4,439,230 in the year earlier period.  Net income for the nine months decreased to $181,750 or $.15 per share vs. $470,727 or $.38 per share.

 During the 1st quarter of fiscal 2007 (quarter ended December 31, 2006) The Company relocated to a new facility that is nearly twice as large as the previous facility.  The costs associated with the move and the disruption of production severely impacted the 1st and 2nd quarter results.

 The Company reported a loss in the 1st quarter ended December 31, 2006, which was the 1st quarterly loss in over 20 years.  “We are still settling in to the new facility and continuing to make adjustments and modifications to improve productivity and provide better service and quality products to our customers”, stated Mr. Joseph Mazin, Flamemaster’s CEO.  

Flamemaster is a Southern California based specialty chemicals manufacturer of high performance sealants, adhesives 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.

                               Flamemaster Corporation

                                                                                         (Unaudited)

 


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For More Information Contact:
Joseph Mazin
Flamemaster Corporation
13576 Desmond Street

Pacoima, CA  81331

 

Phone: 818 890-1401

Fax  818 890-6001

e-mail:  mailto:marykay@flamemaster.com

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Last modified:  July 26, 2007