FOR IMMEDIATE RELEASE

Flamemaster Corporation Declares a Special 20% Stock Dividend

SUN VALLEY, Calif., Feb. 27 -- The Flamemaster Corporation (Nasdaq-NMS: FAME), today announced that its Board of Directors declared a special 20% stock dividend to be paid on April 9, 1998 to shareholders of record March 26, 1998. No fractional shares will be issued. Fractional shares will be paid in cash at the rate of $6.25 per share.

Mr. Joseph Mazin, Flamemaster's C.E.O. stated, "The Company's solid performance of sustained profitability and success in new product development deserves recognition." Mr. Mazin further stated that "improving shareholder value continues to be a primary focus of the Company's Board of Directors; the stock dividend should enhance the stock's liquidity and visibility."

Flamemaster is a special chemicals manufacturer serving the aerospace and defense industries with high performance aircraft and marine sealants and protective coatings. The Company holds an approximate 20% interest in PerfectData Corporation (Nasdaq:"PERF").

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

Last modified: September 12, 2001