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FOR IMMEDIATE RELEASE
SUN VALLEY, Calif., Feb. 5 -- The Flamemaster Corporation (Nasdaq-NMS: FAME), reported net income of $89,375 on revenues of $920,422 for 1st quarter ended December 31, 1997, compared to net of $26,661 on revenues of $736,978 in the year earlier period. The Company recently announced the introduction of a series of new high performance aircraft windshield sealants. Initial deliveries of these new products are scheduled for February 1998.
Flamemaster owns an approximate 20% interest in PerfectData Corporation (Nasdaq:"PERF"), which has signed a letter of intent to merge with Dynatech Integrated Systems Corporation of Maryland.
Flamemaster is a Southern California based Specialty Chemicals Manufacturer of high performance sealants, adhesives and coatings. In addition to the PerfectData holdings, the Company also holds sizable stakes in Staruni Corporation (OTC BB "SRUN") and Cohesant Technologies (Nasdaq:"COHT"). coatings.
The Flamemaster Corporation |
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| December 31, 1997 | 1996 | |
| Revenues | $920,422 | $736,978 |
| Income before income taxes | 143,193 | 45,843 |
| Income taxes | 53,818 | 19,182 |
| Net income | 89,375 | 26,661 |
| Net income per share, primary & diluted | $.06 | $.01 |
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